Remove Engineer Remove Engineering Remove Oil
article thumbnail

Goldman: The Boom Years of U.S. Oil Output Growth Are Over

OilPrice

crude oil production are behind us, in large part due to the maturing of the biggest growth engine, the Permian, according to Goldman Sachs. shale producers are the most reactive to oil price changes and they are typically quick to follow the price trends. The years of very rapid growth in U.S.

Crude Oil 362
article thumbnail

Oil Tanker Explodes Off Libyan Coast

OilPrice

An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, adding that the cause of the explosion is not clear yet. The tanker had left the Libyan port of Zuetina and was en route to Gibraltar when an explosion occurred in the engine room.

Oil 286
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

When people think of the origins of the oil industry, their minds often go to Titusville, Pennsylvania, where Edwin Drake drilled the first successful oil well in the United States in 1859. While this site is historically significant, it is not the true birthplace of the oil well.

Oil 111
article thumbnail

Subsea7 wins contract for Equinor’s Fram Sør project, offshore Norway

Oil & Gas 360º

(World Oil) – Subsea7 has been awarded a large 1 contract by Equinor relating to the Fram Sør development project, offshore Norway, the company announced Thursday. It follows the award on 9 January 2025 of a contract for front-end engineering (FEED) and design that finalized the technical definition of the development.

Offshore 130
article thumbnail

The State of AI Adoption in Reservoir Engineering: 2024–2025 Comparative Analysis

Novi

The numbers don’t lie: reservoir engineering just crossed a line it can’t uncross. based reservoir engineers reveals a profession that has reached a strategic inflection point. Let’s break down what’s changed, where the momentum is building, and what it means for the future of AI in upstream oil & gas.

article thumbnail

Drilling Engineer: Key Skills for Successful Oil Extraction

PetroSync

In the ever-evolving oil and fuel industry, the function of a drilling engineer is no longer solely essential – it’s foundational to the success of any drilling operation. The post Drilling Engineer: Key Skills for Successful Oil Extraction appeared first on PetroSync Blog.

article thumbnail

Woodside Inks LNG MOU with Hyundai Engineering, Hyundai Glovis

Rigzone

has signed a memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis covering LNG project development, engineering services and shipping logistics. “This agreement allows Hyundai Engineering to broaden our global LNG experience by working alongside a world-class LNG developer.