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Saudi Arabia Calls The End Of Russia’s Oil Prowess

Saudi Arabia Calls The End Of Russia’s Oil Prowess

Saudi Crown Prince Mohammed bin…

North Sea Oil & Gas Operating Costs Rose Last Year

North Sea Oil & Gas Operating Costs Rose Last Year

Production and operating costs of…

Energy / Crude Oil

Mother Nature Sends Oil Sector Strong Message

Mother Nature Sends Oil Sector Strong Message

Jan 09, 2014 at 17:20 | Daniel J. Graeber

British Prime Minister David Cameron said he suspected the recent extreme winter weather may be a result of climate change, something the World Meteorological Organization said last year was tied…

Peak Oil becomes an Issue Again after the IEA Revised its Predictions

Peak Oil becomes an Issue Again after the IEA Revised its Predictions

Jan 09, 2014 at 17:07 | Tom Dispatch

Among the big energy stories of 2013, “peak oil” -- the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline -- was…

Kashagan, Down but not Out

Kashagan, Down but not Out

Jan 08, 2014 at 17:59 | John Daly

In the past two decades since the collapse of the USSR Kazakhstan has become a major oil producer. In 2013 Kazakhstan’s oil production surged to roughly 1.64 million barrels per…

Buffett Looks at Pipelines after North Dakota Train Wreck

Buffett Looks at Pipelines after North Dakota Train Wreck

Jan 06, 2014 at 17:18 | James Stafford

Amid fears that regulators may move to tighten safety rules for crude oil shipments from North Dakota after the fiery derailment last week of an oil train, Warren Buffett’s Berkshire…

Statoil Strikes Again in North Sea

Statoil Strikes Again in North Sea

Jan 06, 2014 at 17:13 | Charles Kennedy

Norway’s Statoil has announced two oil and gas discoveries in the Norwegian part of the North Sea, highlighting the potential for more discoveries in an area already thought to be…

Why the U.S. Oil Boom may go off the Rails

Why the U.S. Oil Boom may go off the Rails

Jan 06, 2014 at 17:09 | Daniel J. Graeber

Lawmakers and U.S. regulators began asking questions about the safety of transporting oil on the nation's rail system following a December derailment in North Dakota. The emerging anxiety about midstream…

Wave of Violence Threatens Ambitious Iraqi Oil Goals

Wave of Violence Threatens Ambitious Iraqi Oil Goals

Jan 03, 2014 at 17:48 | Nick Cunningham

A wave of violence has swept parts of Iraq at the start of 2014 as the central government fights back against Al-Qaeda aligned militants in Anbar Province. The Islamic…

Kurdish Crude Exports Stop in Turkey

Kurdish Crude Exports Stop in Turkey

Jan 03, 2014 at 17:42 | James Burgess

Crude oil has started flowing from Kurdistan to Turkey, but it’s stuck in the purgatory of Turkey’s Ceyhan export hub and will not be exported any further until Turkey reaches…

North Dakota Oil Train Conflagration Prompts Increased Federal Scrutiny

North Dakota Oil Train Conflagration Prompts Increased Federal Scrutiny

Jan 02, 2014 at 13:22 | John Daly

The year 2013 has ended on a worrying note for oil producers in North America’s Bakken region, as a series of recent train incidents in both Canada and the U.S.…

Albertan Bitumen Heading for the Great Lakes

Albertan Bitumen Heading for the Great Lakes

Dec 31, 2013 at 12:54 | Rory Johnston

It is no secret that oil transportation infrastructure in North America is strained and Albertan oil is having a difficult time getting to market. Pipeline construction is chronically delayed and…

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