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It takes millions of years for crude oil to be formed, and the process requires the presence of a good and complete petroleum system that consists of: –…

Unconventional hydrocarbons resources are resources found in reservoirs with geological characteristics and locations that are different from those where conventional oil and gas resources are usually produced. Different…

Thanks to Spirit Energy, its Cygnus offshore platform has become the first ever offshore platform to be accessible by public via Google Streetview. Take a virtual tour at…

Most Major Oil Companies CEOs expect oil prices to increase slightly over the coming years. However, they don’t expect any sharp increase in oil prices over the coming…

When it comes to crude oil trading, there are different types of crude oil grades traded around the world such as North Sea’s Brent Crude oil and United…

What is offshore decommissioning? Offshore decommissioning involves plugging oil and gas wells and disposal of the equipment used in offshore oil and gas production. It occurs in the…

Crude oil futures have spiked more than 6 percent this week following the release of U.S. crude oil inventories data by the Energy Information Administration (EIA) on Wednesday…

In its 174th Meeting last week, the Organization of Petroleum Exporting Countries (OPEC) approved with immediate effect Congo’s request to join the Organization. The approval of OPEC to…

The warm relationship between Saudi Arabia and Russia is getting even warmer as Russia was officially invited by Saudi Arabia to become an OPEC observer member according to…

How did oil trading begin? This infographic provides a brief overview of the history of crude oil, crude oil trading, factors that impact crude oil prices and future…

Crude oil is an integral part of our daily life, from transportation, heating, production, electricity, to beauty products. This infographic provides a brief overview of the history of…

What is the origin of oil? How was oil formed? This infographic provides a brief overview of how oil -the world most valuable commodity is formed and its…