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U.S. Net Exporter of Petroleum Products - A Look at the Numbers

Dec 29, 2011 at 09:03 | James Hamilton

One big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products. Here are the details behind that development. The…

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Venezuela to Open up Massive Natural Gas Field with European Investment

Dec 29, 2011 at 09:01 | John Daly

On 23 December Spain's biggest oil firm Repsol YPF, S.A. and Italy’s Ente Nazionale Idrocarburi S.p.A., better known by the acronym ENI, signed a $1.5 billion deal with state-owned oil…

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Fast-Tracking the Keystone XL Pipeline and the Need for a Comprehensive Energy Policy

Dec 29, 2011 at 08:43 | Ed Dolan

The administration is coming under increasing pressure to accelerate approval of the Keystone XL pipeline, designed to carry increased U.S. imports of bitumen from Canadian oil sands. The latest form…

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Massive Oil Field Discovered in the North Sea

Dec 28, 2011 at 15:24 | The Oil Drum

With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North…

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The Benefits of Shale Gas Far Outweigh the Negatives of Fracking

Dec 27, 2011 at 11:27 | Barry Stevens

Natural gas is a critical feedstock to many chemical production processes, and has many environmental benefits over coal as a fuel for electricity generation; over electricity and traditional heating fuels…

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Crude Oil Analysis for the Week of December 26, 2011

Dec 26, 2011 at 11:22 | FX Empire

Last week the fundamentals clashed with the technicals in the February Crude Oil futures market and by week’s end the fundamentals clearly won. Even though the contract did not take…

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Natural Gas Analysis for the Week of December 26, 2011

Dec 26, 2011 at 11:03 | FX Empire

The downtrend continued in the Natural Gas futures market as the February contract reached a new low at $3.100. The trade was slow last week, partly because of light volume…

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The Falklands - Is There Oil?

Dec 23, 2011 at 20:48 | John Daly

On 13 December British-based oil and gas exploration company Rockhopper Exploration Plc announced that a new well proved its Sea Lion field 80 miles off the Falklands coast is bigger…

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Pakistani Energy Sector About to Collapse?

Dec 22, 2011 at 20:05 | John Daly

At what point does a nation’s energy infrastructure become unsustainable? According to Pakistani Intezar Mehdi, corporate lawyer and energy expert, the nation is on the precipice. MEhdi, a corporate lawyer,…

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Oil Companies Stepping up Cyber Security as Hacking Attacks Increase

Dec 22, 2011 at 19:55 | James Burgess

Computers run the world. They are intrinsically linked into every system, few processes are fully manual. This means that to control the system you just need to control the computer.…

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