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The Christmas Tree

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

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…

Things to know about the Global Liquefied Natural Gas (LNG) Market

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…

Four amazing robotics developments in offshore oil and gas

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.

Oil Tip – World Billionaires in Oil and Energy

It is not news that the oil and gas industry is a very lucrative one. Little or no wonder why some of the investors in the industry are billionaires in the world. We would be sharing the top billionaires in the Oil and Energy industry according to Forbes 2016. The list is an amazing compilation of great industry leaders. The people on this list…

Standard Oil: World’s First Multinational Oil Corporation

Many people with interest in the oil and gas industry are not familiar with the story of the world’s first largest oil corporation. Standard Oil, established in 1870 by John D. Rockefeller and Henry Flagler, was the largest oil corporation in its time before it was pulled down. It was an American oil producing, transporting, refining, and

Top Ten Oil Companies

The oil industry is a very lucrative one with multinational companies leading. The oil business is not small business as it is very crucial to human life as well as to the economy of the world. This discusses the top ten companies by oil production, in the world. This ranking comes from Offshore Technology and the production statistics from

John D. Rockefeller: The World’s First Oil Baron

The oil industry has not got its reputation overnight but from years of relevance. In the history of America, and in extension, the world, oil and gas has been key to development and industrialization. One of the biggest stories of the industry is that of the great oil baron, John D. Rockefeller, and his Standard Oil. As the popular series “The

The Stream in the Oil Industry

The three major sectors in the industry (upstream, midstream and downstream) do not explain themselves on first sight. For people not familiar with the industry, the terms may be very strange to them. These components basically simplify the oil industry by structuring the complexities into simpler categories. From production to its end-product,

Brent Crude versus West Texas Intermediate (WTI)

Although there are three primary oil benchmarks, Brent crude and WTI are the most popular in the world. Benchmarks serve as a reference price for buyers and sellers of crude oil. It is usually referred to as the price of oil. Brent and WTI may be oil benchmarks but they contrast on essentialities. One of the essential differences is in the prices
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