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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. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.

Oil 111
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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. 1 “EU Emissions Trading System: Scope of the EU ETS,” European Commission.

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Enhance predictive maintenance with generative AI agents on AWS

AWS: Energy (Oil & Gas)

McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. This paradigm directly addresses the challenges of traditional anomaly detection methods and helps proactively resolve issues before they escalate, reducing downtime and significantly improving operational efficiency.

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Vallourec Signs Contract to Supply OCTG for Qatar Drilling

Rigzone

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.

Oil 62
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Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

Oil & Gas 360º

The initial reaction sent crude prices higher, but they later eased as traders assessed when and how these sanction mechanisms would actually be enforced. The stronger imports in June were likely a result of more refineries returning to operation following spring maintenance.” higher YoY.

Oil 130
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API 571: Latest Edition on Refinery Damage Mechanisms

PetroSync

When not addressed effectively, these concerns can result in expensive maintenance costs, operational disruptions, and potential safety hazards. Engineers, inspectors, and maintenance teams must have a thorough understanding of these damage mechanisms in order to ensure the reliability [.]

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Factors influencing the successful deployment of CCS at refineries

Energy Central

Factors influencing the successful deployment of CCS at refineries The report also calls for policies that de-risk the CCS value chain and support investment in CCS at refineries.