OPEC continues to undershoot its…
"Given the jump in oil…
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…
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…
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…
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…
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…
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.…
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.
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…
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…
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…
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…
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…
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…
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…
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,…
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.…
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…
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…
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…
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.…