The crisis in Iraq has naturally thrust oil back in the headlines and it is not hard to see why. Of the twelve OPEC members that we rely on for oil, eight of them are in decline, which means that they are producing less oil than in previous years. According to Market Watch, only Iraq has … Continued
Canada’s oil sands have been the center of massive controversy, provoking everyone from celebrities to politicians. Canada’s oil sands offer the world a remarkable source of natural oil, a resource that is good for investors and the economy. The future of oil sands development may have a significant impact on the future of the oil industry … Continued
Rust happens, and when it does it’s important to address it as quickly as possible before your entire truck falls apart. Oil field trucks can be particularly susceptible to rust, if only because of their size and the amount of wear they get. You can remove rust and prevent damage safely with these directions. Supplies: … Continued
What is refracking and why has it become so popular? Refracking is an extraordinary technique which allows older wells to be retrofitted with newer fracking technology, essentially allowing companies to fully utilize their existing fields. Through modifying existing technology at existing sites, companies are able to avoid the expenses of new developments. Is Refracking Safe? … Continued
The Mexican government recently announced that it would set aside four-fifths of prospective oil resources for private company bidding. This move has ended a seven-decade oil monopoly within the area and industry experts believe that it will pave the way for improved profitability, as well as an energy boom. The area up for grabs includes … Continued
As vertical oil wells begin to deliver less than desired levels of oil, companies are starting to turn more frequently to the process of hydraulic fracturing, also known as fracking. While fracking has some lawmakers voicing environmental concerns, the process has resulted in producing copious amounts of oil for some investors and many other benefits. Of … Continued
North Dakota landfill owners are dealing with increasing incidences of oil waste dumping in municipal dumps. There are regulations on how hazardous oil field waste should be disposed. Allowing it into a landfill can be very dangerous for the surrounding environment. North Dakota is expected to conduct risk assessments and create new rules and regulations … Continued
Increasing regulatory standards always seem to come with success, and the oil and gas industry is no different. Though the oil and natural gas industry is booming right now, the government has been seeking to burden it with additional constraints. These new oil train rules have yet to be implemented but may be passed soon. … Continued
With the petroleum and natural gas industry as successful as it currently is, news schools are now cropping up to teach students everything they need to know about the petroleum and natural gas industry. One such school is the Lackawanna College School of Petroleum and Natural Gas. Endowed by Cabot Oil and Gas Corporation, this … Continued
The price of gasoline is falling and Americans have domestic oil production to thank for the extra cash in their wallets. As of July 2014, the United States has become the world’s largest oil producer and is expected to remain so until at least 2030. This is incredible news for the domestic economy: global oil prices … Continued