Occidental Petroleum and Ecopetrol are teaming up to drill the world's deepest offshore oil well, Komodo-1, breaking records and pushing boundaries in deepwater technology
Petroleum is a naturally occurring yellowish-black liquid mixture. It consists mainly of hydrocarbons, and is found in geological formations. The term petroleum refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil. Con...
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Unrefined petroleum classes include asphalt, bitumen, crude oil, and natural gas. The Bottom Line Petroleum is a fossil fuel that is used widely in the daily lives of global consumers. In...
List of the largest oil and gas companies by market capitalization, all rankings are updated daily.
Discover the Society of Petroleum Engineers (SPE), the premier global organization for oil and gas professionals.
The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from cr...
future oil and natural gas development in the petroleum reserve, “a region explicitly intended by Congress to bolster America’s energy security’’ and generate revenue for Alaskan...
Source: U.S. Energy Information Administration (public domain) · Click to enlarge ; Diatoms magnified under a microscope. Source: Image used by permission from Micrographia
U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday.