Aresco

JULY 14, 2025

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

McKinsey

JULY 10, 2025

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. In addition, most of Europe’s depleted oil and gas fields are located at sea.

Transportation

Oil Review Middle East

JULY 31, 2025

The industry, in fact, functioned as a hidden mechanism for nationwide subsidies, where losses from domestic sales were forcibly compensated by export earnings from other, more marginal petroleum products. Such a price disparity positioned Kazakhstan as a unique anomaly on the global energy map.

Gas

Rigzone

JUNE 25, 2025

Image by Toa55 via iStock Vallourec said it has secured a large contract to supply oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. Vallourec Group Chairman and CEO Philippe Guillemot said, “Vallourec has been a reliable supplier to operators in Qatar for decades.

Natural Gas

AWS: Energy (Oil & Gas)

JUNE 16, 2025

McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. Check for any mechanical issues, electrical faults, or control system malfunctions. Consider emergency shutdown to prevent potential damage or safety hazards.n3. The field service team should respond promptly to this urgent situation.

Maintenance

Oil & Gas 360º

JULY 15, 2025

(Investing) – Oil prices slipped lower Tuesday, continuing the previous session’s selloff after U.S. At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% This would present significant upside to oil prices.

Oil

PetroSync

MARCH 23, 2025

Engineers, inspectors, and maintenance teams must have a thorough understanding of these damage mechanisms in order to ensure the reliability [.] The post API 571: Latest Edition on Refinery Damage Mechanisms appeared first on PetroSync Blog.

Mechanic