After the formation of the Solar System, it took a maximum of three million years for the chemical composition of the Earth’s precursor to be completed. This is shown by a new study by the Institute of Geological Sciences at the University of Bern. At this time, however, there wereContinue Reading
A common problem with oil wells is that they can run dry even when sound-based measurements say there’s still oil there. A team from Penn State University used PSC’s flagship Bridges-2 supercomputer to add a time dimension to these seismic measurements, as well as to analyze how oil damps downContinue Reading
bfk92/E+ via Getty Images The Baltic Exchange’s main sea freight index surged to its highest level in nearly two months on Monday, as spot rates for capesize vessels spiked to break through the $30K/day level. The overall Baltic Dry index (BDIY:IND), which factors in rates for capesize, panamax and supramaxContinue Reading
NiseriN/iStock via Getty Images Equinor (NYSE:EQNR) said Thursday its first highly anticipated exploration well drilled in a new frontier basin offshore Argentina showed no indications of oil or natural gas. Expectations were running high in the local oil industry, pointing to a potential initial production of 200K bbl/day, S&P GlobalContinue Reading
