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Energy / Crude Oil

Syria's Oil Now a Target of Civil War

Dec 31, 2012 at 14:58 | Claude Salhani

It was only a matter of time before Syria’s oil industry, sagging as it may be, became a target in the country’s civil war, a conflict that is rapidly devastating…

The Coming Oil War in Iraq

Dec 24, 2012 at 12:11 | Daniel J. Graeber

One year after U.S. forces left Iraq, oil production is such that the country is situated behind only Saudi Arabia among OPEC member states. New export infrastructure in the south…

Tracking Syria's Oil Means Tracking Its War

Dec 24, 2012 at 12:07 | Daniel J. Graeber

Gulfsands Petroleum announced it acquired an "extensive portfolio" of oil and natural gas concessions in northern Morocco. The company trades on the London stock exchange and boasts of its…

How Relevant is Syria's Oil in the Conflict

Dec 20, 2012 at 17:06 | Claude Salhani

Syria is among the countries in the Middle East which produces oil, though not nearly enough to be counted as one of the major producers, such as the giant Saudi…

The Bakken Oil Boom: Moving "Back Home" to Montana?

Dec 20, 2012 at 16:55 | Keith Schaefer

Most people associate the huge Bakken oil field with North Dakota... but did you know the Bakken was actually discovered to the north in Montana?Drilling equipment and crews…

ExxonMobil Eyes South Africa's Untapped Frontier

Dec 18, 2012 at 16:58 | Charles Kennedy

Battling declining production, US energy super giant ExxonMobil Corp. (NYSE:XOM) is taking on South Africa—a rising offshore venue--where it will acquire a 75% stake in the Tugela South Exploration Right.…

Why Canadian Crude is the Cheapest in the World

Dec 17, 2012 at 17:09 | Charles Kennedy

Canadian crude prices are at their lowest levels against Brent-priced crude in 10 months, reaching a new market low on Friday and trading last week at under $50/barrel.

What does the Future "Really" Hold for US Oil Production?

Dec 14, 2012 at 16:34 | Post Carbon

The Association for the Study of Peak Oil recently held its annual conference down in Austin, Texas. The venue for the meeting was right across the street from the University…

Iran Asks OPEC to Cut Output so Countries can't Find Alternative Sources of Oil

Dec 13, 2012 at 17:09 | Dave Summers

With the possibility that demand for Iranian oil may fall below 1 million barrels a day (mbd) as sanctions continue to bite, Iran has announced that it wants OPEC…

Long-Term Oil Forecasts - Merely Guesses

Dec 12, 2012 at 17:03 | Kurt Cobb

When people read about a long-term forecast of world oil supply--say, out to 2030--they often believe that the forecasters are merely incorporating our knowledge of existing fields and figuring out…

It is Possible to Replace Crude Oil with Synthetic Oil

Dec 12, 2012 at 16:57 | Brian Westenhaus

A team of Princeton researchers led by Christodoulos Floudas, a professor of chemical and biological engineering at Princeton, evaluated scenarios in which the United States could power its vehicles…

Work on Keystone XL Halts in Texas over "Wrong Type of Oil" Claim

Dec 12, 2012 at 16:53 | Energy Digital

In Texas, a judge ordered the halting of TransCanada's Keystone XL pipeline after a landowner filed a lawsuit claiming that the company lied to Texans about type of oil it…

Peak Oil is Nonsense ... Because There's Enough Gas to Last 250 Years

Dec 10, 2012 at 17:07 | Professor Chris Rhodes

The title is a condensate of the latest rendition from Nigel Lawson, who served Margaret Thatcher’s government, both as Secretary of State for Energy and Chancellor of the Exchequer. In…

Mexico to Privatize State Oil Company Pemex?

Dec 07, 2012 at 17:08 | John Daly

Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation’s energy industry.Will this include Mexican…

Will Regulators Damn Keystone XL?

Dec 07, 2012 at 17:04 | Daniel J. Graeber

Starting Tuesday, U.S. regulators will hold regular meetings on oil and natural gas pipeline safety standards. A series of pipeline issues, ranging from a deadly gas pipeline explosion in California,…

Eagle Ford: The Hottest New US Shale Play

Dec 07, 2012 at 17:02 | Charles Kennedy

Who’s hot in Eagle Ford? Right now it’s Marathon Oil (US: MRO), which has earmarked $1.9 billion of it’s $5.2 billion in 2013 capital for this south Texas shale play.…

How the US could Eliminate its Need for Crude Oil

Dec 07, 2012 at 13:53 | Futurity

The United States could eliminate its need for crude oil by using a combination of coal, natural gas, and non-food crops to make synthetic fuel, experts report.Besides economic…

Why US Oil Consumption Might Drastically Decline in the Coming Years

Dec 06, 2012 at 17:00 | James Hamilton

A lot of attention has been given to the optimistic assessments of future U.S. and Iraqi oil production in the IEA's World Energy Outlook 2012. However, perhaps even more…

U.S. Energy Department Report Supports Shale Boom Credibility

Dec 05, 2012 at 16:46 | Daniel J. Graeber

The U.S. Energy Department said crude oil production from the United States could reach 7.5 million barrels per day before the end of the decade. Natural gas production, meanwhile, should…

Energy Juniors Eye Somaliland Oil Potential

Dec 03, 2012 at 16:50 | Charles Kennedy

Three foreign oil juniors are set to begin exploration in Somaliland by next year, as the rush on East African hydrocarbon largesse extends to the riskiest venues of the Horn.…

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