As Britain fought for its survival during World War II, a team of American oil drillers found themselves on their way across the Atlantic to help the war effort. They became known as the 'roughnecks of Sherwood Forest'.
50 years on from the first oil and gas discoveries in the North Sea we celebrate this golden anniversary by looking back at this important center of oil and gas production, set in silver but often turbulent seas.
In this second part of the Standard Oil story, we profile John D. Rockefeller, the man who founded the world’s first large oil company, which was forced by the US anti-trust law to dissolve into several independent companies exactly one hundred years ago.
At a time when oil prices spiralled down from over $100 to below $50 within half a year, talking about ‘oil shock’ may seem odd. Yet, the oil shock of 1973–74 was not only the first of its kind on a global scale, but also set the political-economic stage for oil shocks and oil market crashes in the following decades.
Formed just as the first discoveries were being made in the North Sea, the Petroleum Society of Great Britain’s mission is to promote, for the public benefit, education in the scientific and technical aspects of petroleum exploration.