Oil Prices Hit High, Before Sliding, Amid Disrupted Supply Interruptions across the world and OPEC’s productions cuts buoy a beleaguered oil industry The Bashneft PAO oilfield, Russia. Oil-supply cuts and disruptions have coincided with healthy oil demand this year as the global economy enjoys a rare spurt of synchronized growth. PHOTO: ANDREY RUDAKOV/BLOOMBERG NEWS By : Georgi … Read more
Drilling Rigs There are many types of Drilling Rigs in the world today. Lets start by narrowing them down into at least two categories. We have offshore rigs and land rigs or onshore rigs. The picture above is an example of a land rig. This example is actually a National 2000 HP drilling rig that … Read more
Advanced Hydraulic Fracturing / Fracking What is Fracking or better yet, what is hydraulic fracturing? In the oilfield this is a term that is used often, it is clearly a process of doing something but it is also a term that is used in goods that are sold in the oilfield such as frack tanks. … Read more
Gas shortage: Florida races to refill gas stations after Hurricane Irma by Matt Egan @mattmegan5September 11, 2017: 4:27 PM ET Florida is racing to refill its drained gas stations to allow millions of residents to return to their homes following mass evacuations caused by Hurricane Irma. Historic demand for gasoline sparked major gas shortages in the days before Hurricane … Read more
Hurricane Harvey packed such a powerful punch that more than a dozen Gulf Coast oil refineries are still hurting two weeks after the storm struck Texas. Five oil refineries remain shuttered as of Monday, according to S&P Global Platts, an energy research firm. Ten more are partially shut down as they attempt to recover from … Read more