Remove Field Remove Offshore Remove Refinery
article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

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. Some of the world’s most prominent families and business magnates – including the Nobel brothers and Rothschilds – invested heavily in Baku’s oil fields.

Oil
article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. Transport type: Offshore pipeline transport costs are typically 1.3

Insiders

Sign Up for our Newsletter

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

article thumbnail

Logistics Management in the oil and gas industry

Oil Gas Leads

Given the sector’s complexity and geographical spread—from remote drilling rigs to refineries and distribution terminals—logistics is a key driver of efficiency and profitability. Supply Chain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.

article thumbnail

Texas Industry Groups Look at June Upstream Employment

Rigzone

This was followed by Gasoline Stations with Convenience Stores, with 1,388 postings, Petroleum Refineries, with 849 postings, and Natural Gas Distribution, with 636 postings, TIPRO highlighted in the statement.

article thumbnail

Damaged unit of Iran’s South Pars refinery back operating, Nour News says

BOE Report

A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.

article thumbnail

Pemex Posts First Profit in Over a Year

Rigzone

Sheinbaum’s administration has been working on a broad plan to shore up the struggling oil producer, which has seen output slump to a four-decade low as its aging refineries bleed cash. As part of the plan, Pemex will open some key oil and gas fields to joint investment projects with private sector partners in a bid to boost production.

article thumbnail

ExxonMobil’s Top 5 Priorities for the Remainder of 2025

Oil Gas Leads

ExxonMobil aims to: Double the industry-standard shale recovery rates (currently ~6–8%) Deploy AI-driven monitoring, frac proppant advances, and real-time optimization Reduce drilling/completion costs while boosting EUR per well Look for continued field trials and data-driven refinement of these technologies before 2026. million bpd out of 1.5