Fracking in the Permian Basin

Fracking in the Permian Basin   The Permian Basin is found in a large part of West Texas as well as Southeast of New Mexico. It was named Permian because it has one of the worlds thickest deposits of rocks Permian geologic period. The Permian Basin is actually composed of three basins which include the Midland Basin, Delaware Basin and the Marfa Basin. Many people do not know but the Permian Basin is the largest petroleum producing basins in America. To get an idea of…

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The oil and gas sector is threatened by cyber attacks

Technology is growing fast and more threats toward oil and gas companies are being discovered. While the industry of cyber security grows, there are many people who are wondering if whether new technology is what is really needed. It is hard to say exactly how many threats companies face as many companies are not required to report it. In fact, the Power, Chemical and Nuclear industries must obey the cybersecurity laws but when it comes to the Oil and Gas sector, federal law does not…

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A world without drilling

Are we ready to stop drilling? What would happen if all the drilling for oil and gas stopped all over the world? Is that even possible? It is very hard to imagine as we have well over 700,000 oil wells! I found this fascinating as there is already a plan put in place in the UK, called NEST or National Employment Savings Trust, recently announced it was moving 10 percent of its investments toward firms that work to reduce climate change and create more environmentally-friendly methods of energy…

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Pipeline needed in Alaska for billions of oil

The last time I saw an article online about a large oil discovery was not very recent. In fact, the last time that a major oil find was made was actually in 2009 in Venezuela. Recently, there has been a huge onshore oil discovery in Alaska! “Spanish oil company Repsol said Thursday that it discovered 1.2 billion barrels of oil in Alaska.” It has been thirty years since there has been a large find such as this. The oil discovery was made near the village of Nuiqsut in North Slope. The oil…

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