HOTTEST DAY NEWS

  • Saudis Venezuelans common ground
    Industry

    Saudis and Venezuelans Finding Common Ground

    Havoc in the oil world over the past two years has had a major impact on the finances of Saudi Arabia. However, those depleted revenues pale in comparison to what has happened in another oil-rich country, Venezuela, with the financial wreckage that’s resulted causing severe food shortages and rampant inflation. In this particular case, Venezuela…

  • Saudis issue indian workers
    Industry

    Saudis Address Issue of Indian Workers Affected by Oil Downturn

    In order to address a developing problem that’s the direct result of the continued price woes of the oil market, Saudi Arabia is helping to fund the transportation costs so that anywhere from 5,000 to 10,000 unemployed workers from India will be able to return to their homeland. While the workers encompass a wide range…

  • Saudi Arabia Egypt
    History

    The Tightening Bond Between Saudi Arabia and Egypt

    The new economic bond between Saudi Arabia and Egypt in which petroleum is a key aspect marks a sharp contrast to the previous rivalry between the two countries. Those conflicts over generations were most recently on display during the Arab Spring revolt in 2011 that toppled Egyptian leader Hosni Mubarak. However, the two countries have…

  • plateforme_pétrolière
    Industry

    Exploring Petroleum and Drilling

    Petroleum has subterranean origins. The only way to know for sure whether petroleum exists in a certain place is to dig a well. Many petroleum wells will have to be dug, before you might finally strike petroleum. Petroleum engineers now use scientific methods to select promising sites to drill for oil (on land and at…

  • Petroleum-Industry
    Trivia

    Little Known Facts about Crude Oil

    When petroleum engineers strike crude oil, they analyze it. There are two important qualities that are analyzed – the crude oil density, which determines whether the crude oil is classified as light or heavy and the sulfur content of the oil. Heavy oil is slow when it flows and its constituents are also heavier. Refining…

  • shale-oil
    Science

    Shale Oil and the Process of Extraction

    The extraction of shale oil (also known as tight oil) is an unconventional process of obtaining synthetic oil and gas. Oil shale is a type of sedimentary rock which is rich in organic content (bituminous stuff called kerogen). The organic content has to be treated to extract shale oil. The oil shale (rock containing the…

  • petroleum
    History

    The History of Petroleum

    Man and petroleum have a long history together. We have records from the fifth century BC of man’s association with the sticky black fluid, when Herodotus described the Ardericcan oil pits (located near the ruins of Babylon). He also talks about a pitch spring that he saw at Zacynthus (one of the Ionian Islands). Petroleum’s…

  • Saudis Russians Oil Production Cut Extension

    Saudis and Russians Come Together on Oil Production Cut Extension

    The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…

  • saudi arabia equtorial guinea economic forum

    Saudi Arabia and Equatorial Guinea Come Together

    During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….

  • saudi arabia owns largest american oil refinery

    Saudi Arabia Now Fully Owns Largest American Oil Refinery

    Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…