Global Demand for Oil, Coal and Gas
The global demand for oil, coal and gas, the main sources of fossil fuels, is expected to peak by 2030, according to the International Energy Agency (IEA). This is a significant shift from the past decades, when the demand for fossil fuels was steadily increasing and dominating the world’s energy supply. The peak in demand […]
Inflation and oil prices in the world
Inflation and debt are two important factors that affect the oil and gas industry in the world. Inflation is the general increase in the prices of goods and services over time, which reduces the purchasing power of money. Debt is the amount of money that is owed by a person, a company or a country […]
Overview of the Oil and Gas Industry in the Middle East
The Middle East is one of the most important regions in the world for the oil and gas industry. It accounts for 31% of global oil production, 18% of gas production, 48% of proved oil reserves and 40% of proved gas reserves⁴. The region has a long history of oil and gas exploration and development, […]
The Future of Energy: A Look at Green Energy Sources
Introduction: As the world becomes more environmentally conscious, the demand for green energy sources is on the rise. In this article, we’ll explore some of the most promising green energy sources and their potential to revolutionize the way we power our homes and businesses. Solar Energy: Solar energy is one of the most promising green […]
Refinery Pollutants and their Effect on Public Health
Introduction: Oil and gas refineries are essential to the global economy, but they also have a significant impact on public health. In this article, we’ll explore the pollutants that refineries release into the environment and their effects on human health. Refineries release a variety of pollutants into the air, water, and soil. These pollutants can […]
Vancouver Sends Its Biggest Oil Shipment To China Since 2015
A tanker loaded with around 514,000 barrels of oil has set sail from Vancouver en route to China in what is the largest shipment of oil from the Canadian port to the world’s top oil importer since 2015, according to Thomson Reuters trade flow data. The Serene Sea Aframax tanker was loaded at Kinder Morgan’s […]
There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by Colorado residents in the November election.
In the politically mixed state of Colorado, residents still remember last year’s deadly explosionat a home in Firestone, and people in some towns have tried to ban fracking operations—and almost succeeded. Two years ago, Colorado’s Supreme Court overturned voter-approved bans on fracking in Fort Collins and Longmont because it found that they conflicted with the application of the […]
Colorado’s Shale Boom Threatened By Ballot Initiative
There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by Colorado residents in the November election. In the politically mixed state of Colorado, residents still remember last year’s deadly explosionat a home in Firestone, and people […]
The Regulation That Could Push Oil To $200
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A research paper from economist and oil market watcher Philip K. Verleger predicts there could be a shortage of low-sulfur diesel fuel in 2020 as a result of […]
Guyana’s Oil Reserves Are Larger Than Expected
Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross discovered recoverable resources for Hess’s Stabroek Block has been revised upward to 4 million barrels of oil equivalent—up from the previous estimate of 3.2 billion barrels. “The Stabroek Block is a […]