Posts in tag

oil


SMILEY, Texas (Reuters) – At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000. The technology, called electric fracking and powered by natural gas from EOG’s …

The world’s largest oil exporter replaced energy minister Khalid al-Falih with Prince Abdulaziz bin Salman bin Abdulaziz al-Saud, state media said Sunday. Al-Falih was appointed oil minister in May 2016. He was the architect of a pact between the Organization of the Petroleum Exporting Countries (OPEC) and some other oil producers, including Russia, that was …

RIYADH: King Abdulaziz City for Science and Technology (KACST), represented by the Badir Program for Technology Incubators and Accelerators, has organized a graduation ceremony in Riyadh to celebrate 20 technological innovations produced by the second inventions transfer accelerator for 2019. The accelerator aims to activate patents across a variety of services aimed at speed up …

Image copyright Getty Images Palm oil is used in everything from cosmetics to food to soap. There is enormous demand for it. But it is hugely controversial because it involves the clearing of tropical rainforests to grow palm oil plantations. This has led to the loss of biodiversity and habitat for under-threat animals such as …

The Oil & Gas Technology Centre (OGTC) will partner energy industry heavyweights in a bid to create a world-leading centre for decarbonising offshore operations, it has announced today. The Aberdeen organisation is to launch the Net Zero Solution Centre to accelerate the development and deployment of decarbonising technologies in the offshore sector and position the …

Emmy Burbidge is a make-up artist who runs her own beauty salon in Somerset, and wants to know where palm oil comes from and how it’s made. Palm oil is used in 70% of cosmetic products, and Emmy says that her customers are increasingly asking whether it’s in the products she’s using. 20% of palm …

The U.S. Strategic Petroleum Reserve (SPR) is having a back to school sale…for oil. They are offering 10 million beautiful barrels of crude to the highest bidder. The U.S. Department of Energy is offering the barrels of sour crude from the SPR for delivery between Oct. 1 and Nov. 30, according to a notice on Wednesday. …

Olive oil is one of the world's healthiest foods. If you are starting a new healthy eating program you want to make sure that this oil is included. It is the foundation of the Mediterranean diet, who have the world's longest-living cultures. Many of the health-promoting effects of the Mediterranean diet have been credited to …

The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total consumption. That’s nearly 100 million barrels per day. At today’s average oil price of $60 per barrel for Brent crude, that’s $5.8 billion consumed. Every. Day. …

Iran has warned the US against attempting to seize an Iranian oil tanker in open seas after after its release from Gibraltar. The tanker, which ash been caught in a standoff between Tehran and the west, was sailing for Greece on Monday, shipping data showed, hours after the British territory rejected a US request to …