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Many Drilled U.S. Wells Will Never Be Completed

Many Drilled U.S. Wells Will Never Be Completed

Fracking crews are increasing their…

Energy / Crude Oil

Cuba, Oil Diplomacy and the Southern Tip of Florida

Feb 02, 2012 at 20:49 | Daniel J. Graeber

U.S. lawmakers spent most of this week lobbing insults at the Cuban government while assessing the risks of an offshore oil spill about 90 miles from the southern Florida coast.…

An Abundant Supply of Cheap Oil is the Most Important Resource for Our Future

Feb 02, 2012 at 20:40 | Gail Tverberg

Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to…

Sudan's Oil War: Deadlines Before Development

Jan 28, 2012 at 10:04 | Daniel J. Graeber

Since gaining independence in July, Middle East and North African experts have expressed concerns that border conflicts and disputes over the sharing of oil revenue could threaten a very fragile…

The Global Hunt For Oil: Canadian Firm Drills First Exploration Well in Somalia

Jan 27, 2012 at 18:01 | John Daly

Energy companies are renowned for taking risks as they scour the globe for new opportunities.That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil…

Greece - Between Iran and a Hard Place

Jan 27, 2012 at 12:58 | John Daly

Well, its official – on 23 January European Union foreign ministers agreed to ban the import of Iranian oil as part of sanctions designed to pressure Iran to end its…

U.S. to Lose Out Yet Again on Developing Cuba's Offshore Oil?

Jan 26, 2012 at 17:40 | John Daly

While the Gulf of Mexico is one of the world’s most heavily developed offshore oil production sites, one area has remained offline up to now – Cuba’s offshore waters.

Oil Majors Move Back to the Gulf of Mexico

Jan 25, 2012 at 17:42 | Energy Digital

Over a year since America's worst oil spill in the Gulf of Mexico, big oil finally gets back to business... with a vengeance. For the first time since BP's Deepwater…

Is Nigeria to become Africa's next failed nation-state?

Jan 24, 2012 at 17:20 | John Daly

By any yardstick, Nigeria, Africa’s most populous nation, should be black Africa’s glittering success story. A member of the Organization of Petroleum Exporting Countries, producing 2.5 million barrels per…

Croatia’s INA Oil Company, Caught Between al Assad and a Hard Place

Jan 22, 2012 at 19:40 | John Daly

As international pressure tightens against the regime of Syrian President Bashar al Assad, the Croatian national oil joint stock company Industrija Nafte (Oil Industry, or INA) is coming under increasing…

Post-Keystone, Canada Takes its Business Elsewhere

Jan 19, 2012 at 18:32 | Daniel J. Graeber

After Republican lawmakers in the United States lost their political gamble over the controversial Keystone XL pipeline, the Canadian government decided to issue a double insult to its southern neighbor…

In Another "Great Leap Forward," Chinese Firm Finds Oil in Thailand's Northeast

Jan 19, 2012 at 18:30 | John Daly

As seemingly omnivorous Chinese energy firms encircle the globe looking for exploitable hydrocarbon reserves, one firm is searching close to home. Shaanxi Yanchang Petroleum Corp. Ltd has started exploring…

Saudi Arabia's Rising Domestic Oil Consumption to Threaten Exports?

Jan 11, 2012 at 17:30 | John Daly

Saudi Arabia is currently the world’s leading oil producer, containing approximately one-fifth of the world's proven oil reserves. According to the U.S. Energy Information Agency, Saudi Aramco reported that it…

Kurdistan's Huge Oil Reserves Lend Credibility to Iraqi Claims of 115 Billion Barrels

Jan 10, 2012 at 17:10 | The Oil Drum

Whilst much of Iraq may be viewed as in a metastable social and political state, the semi-autonomous northern region of Kurdistan has enjoyed relative peace for a number of years.…

Former IEA Oil Expert: Oil Production Could Begin to Decline in 2015

Jan 09, 2012 at 08:08 | The Oil Drum

The following interview is a guest post by Matthieu Auzanneau, a freelance journalist living in Paris. This article previously appeared in Le Monde.Olivier Rech developed petroleum scenarios for…

How Will Peak Oil Fare in 2012

Jan 09, 2012 at 08:00 | Post Carbon

The returns are in and we now know that world price of a barrel of oil averaged $111 in 2011. This was up 14 percent from last year and well…

Nigeria Ends Fuel Subsidies in Face of Protest Threats

Jan 02, 2012 at 17:10 | John Daly

In a nasty New Year’s Day present to his fellow Nigerians, President Goodluck Jonathan directed his administration to end fuel subsidies, effective immediately. Petroleum Products Pricing Regulatory Agency issued a…

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…

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…

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…

A Severe Decrease in Oil Supply Could Devastate the World Population

Dec 19, 2011 at 19:30 | Professor Chris Rhodes

The ownership of the largest deposits of oil, notably in the former U.S.S.R., e.g. Siberia and Kazakhstan and the Caspian region generally, in addition to the fields in the Middle…

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