Why bbl? Energy Units in the USA and Other Countries

Why bbl? Energy Units in the USA and Other Countries

History tells that in the past Standard Oil company – for the sake of distinguishing – painted barrels that were used to carry crude oil in blue color (while those for kerosene – in red). Therefore, the first letter “b” stands for “blue.” But this is a non-grounded myth as…

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Author Profile
Professor - Moscow State University for International Relations

Eugene M. Khartukov is a professor at the Moscow State Institute/University for International Relations, (MGIMO), head of the Moscow-based Center for Petroleum Business Studies (CPBS) and of the World Energy Analyses and Forecasting Group (GAPMER), and vice president (for Eurasia) of the Geneva-based Petro-Logistics S.A. He is the author and co-author of over 360 scientific publications and speaker at more than 170 international oil, gas, energy or economic fora. Email: khartukov@gmail.com

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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