The term "Seven Sisters" is an old oil and gas phrase referring to the seven multinational oil companies of the "Consortium for Iran" oligopoly or cartel, which dominated the global petroleum industry from the mid-1940s to the mid-1970s.
Crude oil was discovered by Beaty at his home in Warren, at Pennysylvania. Oil is a fossil fuel that has been formed from a large number of tiny plants and animals such as algae and zooplankton. Here are some facts about oil. The first recorded use of pipelines to transport natural gas was in 500BC, in China. The pipelines were made…
The oil companies we have today all had one basic starting point. In the late 18th century and the early 19th century, some of the biggest oil companies we have today were established and are still striding strong.
What is Natural Gas?Natural Gas is a phenomenon that formed millions of years ago when organic matter was buried in the earth and ocean floor. It is a fossil fuel that is found beneath the earth’s surface, usually in areas around coal and oil. The raw form of natural gas that we use for energy is called methane.
On August 30th 1919, about 300 petroleum companies converged on a natural gas field near Pittsburgh within months of the “Snake Hollow Gusher” of McKeesport, Pennsylvania USA.
Crude oil is one of the biggest if not the highest money-raising mineral resource. Many nations have built their entire economic stability on the sales of crude oil and the subsidiaries created from it. With the way the world and its basic activities are going, there will surely be a constant need for oil, in one form or the other.
Oil and gas workers get to celebrate Christmas every day because of the presence of the Christmas Tree. Wonder what this is about?
Fossil fuel is a fuel formed in the geological past from the remains of living organisms. It is a fuel formed by natural processes, such as anaerobic decomposition of buried dead organisms. They contain high percentages of carbon and include petroleum, coal, and natural gas. A fossil is any preserved remains, impression, or trace of any…
On Oil Tip today, we will be sharing Jude Clemente’s published post on Forbes. He has published a list of important things to know about LNG in the globe. He has picked the list based on things that he finds interesting and/or underrepresented in market talk, and then added a few other points. Given that cleaner, flexible, affordable, and…
The oil and gas world is always doing its best to evolve, improve and move the industry forward. Some great inventions, as well as investments, have really helped to galvanize its efforts; one of such is the introduction of robotics - in other words, the use of robots in offshore activities.