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Libya Restarts Oil Production At Its Largest Oilfield

Libya Restarts Oil Production At Its Largest Oilfield

Libya has restarted production at…

Energy / Crude Oil

Weaning off Middle East Oil Means Less Than you Think

Jun 29, 2012 at 16:25 | Charles Kennedy

One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become…

Little Protection Forecast from U.S. Oil Boom

Jun 28, 2012 at 17:19 | Daniel J. Graeber

When crude oil prices settled above $100 per barrel during the first quarter this year, the International Energy Agency noted that psychological risks were infused into oil markets. Tehran, at…

Whatever Happened to the Keystone XL Pipeline?

Jun 27, 2012 at 16:40 | Charles Kennedy

Four and a half years of studies and five failed votes in the House later, exactly where are we with the Keystone XL pipeline? Stuck on the US-Canadian border where…

No Dark Clouds on Oil Horizon

Jun 26, 2012 at 16:18 | Daniel J. Graeber

The U.S. Department of Energy predicted that OPEC will remain in relatively the same position in terms of market share at least through 2035. In terms of the pricing, the…

Should we Still be Concerned with Peak Oil?

Jun 25, 2012 at 17:05 | Dave Cohen

With oil prices falling precipitously, this seems like a good time to reassess the widely anticipated phenomenon known as peak oil. How much of a threat is it as we…

Oil in the Bahamas - Potential Replay of BP/Gulf of Mexico?

Jun 22, 2012 at 17:36 | John Daly

Mention the Bahamas to most people and you’ll get a sigh, followed by imagined images of a tropical paradise surrounded by azure waters.That romantic image may be about…

Iran Looking for Dragons in Caspian Sea

Jun 21, 2012 at 16:49 | Daniel J. Graeber

Iran announced this week that it's made its first oil discovery in the Caspian Sea in more than 100 years. The semiofficial Fars News Agency reports the find, in ultradeep…

Turkey, Once a Major Importer of Iranian Oil, Turns Towards Libya

Jun 18, 2012 at 19:23 | John Daly

What a difference international sanctions and intense U.S. pressure make.Turkey in March imported more than 270,000 barrels per day of oil from Iran, nearly triple the previous month’s…

Al-Qaeda Only Partly to Blame for Yemen Oil Crisis

Jun 15, 2012 at 17:31 | Charles Kennedy

Oil production in Yemen has for all intents and purposes halted, with no immediate solution for recovery, and uncertainty over whether Saudi Arabia will maintain the flow of free oil…

Why we Should Love Oil Companies

Jun 15, 2012 at 17:16 | MasterResource

This election year, America faces many crucial legislative choices in the oil/gas industry–and the PR strategy of oil companies will certainly affect the outcome.What should oil company executives…

Canada's Enbridge and First Nations Tribes - Allies or Implacable Foes?

Jun 13, 2012 at 16:58 | John Daly

Canada’s Enbridge was sandbagged last year by the Obama administration’s postponing a decision on the proposed Keystone XL pipeline, designed to ship Alberta’s oil sands to U.S. refineries on the…

If you Give Oil Hawks an Inch...

Jun 12, 2012 at 17:21 | Daniel J. Graeber

The U.S. Energy Department said oil production has reached a 14-year high thanks in large part to a boom in North Dakota, Texas and the Gulf of Mexico. The Obama…

How Saudi Arabia Will Influence the Oil Market to Benefit their Economy

Jun 08, 2012 at 16:36 | Dave Summers

Stuart Staniford has been watching the decline in oil prices. He has then commented that, given the Saudi need for income to hold off “Arab Spring” dissatisfaction, they are…

Post-Occupation Iraq Losing Appeal

Jun 05, 2012 at 17:34 | Daniel J. Graeber

On Monday, a suicide bomber in Iraq detonated his car bomb outside the Baghdad offices of a government-backed Shiite group, leaving at least 190 people wounded and 26 people…

Shale Play in Western Siberia is 80 Times Bigger than the Bakken

Jun 05, 2012 at 17:08 | James Burgess

The Bakken shale is a huge expanse of oil-bearing rock that lies underneath Northern Dakota and Montana. Oil production in the Bakken has grown from just 60,000 barrels per day…

Carving Up Iraq, Barrel by Barrel

Jun 01, 2012 at 16:54 | Charles Kennedy

Iraq’s latest energy auction was a flop, and while major international companies balked at everything from unattractive contract terms to security concerns, the failure of the auction highlights how the…

Curtain Closing on Canadian Crude

May 31, 2012 at 17:54 | Daniel J. Graeber

Shell announced plans to expand its oil sands operations in Alberta province by as much as 90,000 bpd and said similar efforts were under way to make the country's western…

Canada - More of the Great White North Up for Energy Development?

May 30, 2012 at 17:09 | John Daly

Quick – which is the U.S.’s biggest supply of non-OPEC oil? Canada - according to the U.S. Energy Administration, the United States total crude oil imports now average 9.033…

Shell Spent $4 Billion in Campaign to Open the Arctic for Oil Drilling

May 25, 2012 at 16:57 | Juan Cole

Alice Ross writes at The Bureau of Investigative Journalism:Offshore oil drilling in the Arctic has long been considered off-limits – but as the New York Times revealed .…

The Staggering Scale of Oil Theft in Nigeria

May 24, 2012 at 17:49 | John Daly

That corruption is associated with oil production is acknowledged to be a worldwide problem.But the scale of corruption in Africa is in a class by itself, particularly in…

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