Aresco

JULY 14, 2025

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The First Oil Well in the World The first oil well in the world was Bibi Heybat, located near Baku in present-day Azerbaijan, drilled in 1846.

Oil

Oil & Gas 360º

JUNE 19, 2025

in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.

Energy

Oil & Gas 360º

JUNE 20, 2025

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.

Offshore

Oil & Gas 360º

JUNE 3, 2025

mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 mboe/d); Q1 2025 average Permian production of 14.5 per share annually ($0.33 per share quarterly). billion which equates to less than 1.0x mboe/d) Approximately 16.1

Royalty

Pro-Gas Services

JANUARY 17, 2025

In the intricacies of oil and gas processing, efficiently separating gas from liquids is paramount. This crucial step ensures the quality of the final product, protects downstream equipment, and optimizes overall process efficiency. Let’s explore some of the most common types: 1.

Gas

Rextag

JANUARY 6, 2025

shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. UK Windfall Tax Fallout: The UKs extension of its windfall tax on oil and gas profits to 78% sparked industry backlash, threatening 26 billion in economic contributions and 42,000 jobs. Record U.S.

Offshore

Energy Outlook Advisors

MAY 14, 2025

Therefore, high oil price volatility leads to a waste of resources, higher costs, and a deterioration of efficiencies in oil production and consumption. Historical evidence since the commercialization of the oil industry in 1859 indicates that the cost of high price volatility is very high for both producers and consumers.

Management