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Oilfield Services Might Not Fully Recover Till 2025

Oilfield Services Might Not Fully Recover Till 2025

The global oilfield service sector’s…

U.S. On The Hunt For Iranian “Ghost Tankers”

U.S. On The Hunt For Iranian “Ghost Tankers”

The United States has started…

Energy / Crude Oil

Exxon’s Bakken Expansion is Rewarded as USGS Doubles Reserves Estimate

Exxon’s Bakken Expansion is Rewarded as USGS Doubles Reserves Estimate

Jun 07, 2013 at 22:06 | Dian L. Chu

The U.S. Geological Survey (USGS) recently released an updated oil and gas resource estimate on the Bakken formation, which covers parts of Montana, North Dakota and Saskatchewan.Unlike the…

Kurdistan: Our Pick for the Next Big Buy Out

Kurdistan: Our Pick for the Next Big Buy Out

Jun 07, 2013 at 17:09 | James Stafford

You might not have heard of Oryx (OXC), so if we’re treading on virgin territory here, we’ve got a good reason for doing so. Earlier this month, Oryx—the…

Next on the US Shale Scene? Try Tuscaloosa

Next on the US Shale Scene? Try Tuscaloosa

Jun 07, 2013 at 17:02 | Editorial Dept

It’s not a household name yet—and it’s a bit of a mouthful—but the 2.7 million-acre Tuscaloosa Marine Shale (TMS) in Southeast Louisiana and Southwest Mississippi is shaping up to be…

Crude Oil Glut Forecast for 2014

Crude Oil Glut Forecast for 2014

Jun 04, 2013 at 16:56 | The Energy Report

Stepping away from the pack, Andrew Coleman of Raymond James Equity Research is making a contrarian forecast for an oil glut in 2014. Shale oil production is on the ascent,…

Will Rail Run Out of Steam Post-Keystone?

Will Rail Run Out of Steam Post-Keystone?

Jun 03, 2013 at 17:00 | Daniel J. Graeber

More than 97,000 rail carloads of crude oil were delivered in the United States during the first quarter of the year. That's 20 percent more than the fourth quarter of…

Is Iraq Capable of Becoming the Largest Oil Producer in the World

Is Iraq Capable of Becoming the Largest Oil Producer in the World

May 31, 2013 at 16:48 | Dave Summers

There is often quite a debate in the Peak Oil community over the difference between a reserve and a resource. Simplistically a resource is the amount of, for the sake…

Canada Putting Too Many Eggs in Oil Basket

Canada Putting Too Many Eggs in Oil Basket

May 27, 2013 at 16:59 | Daniel J. Graeber

Canadian Natural Resources Minister Joe Oliver said natural resources are the cornerstone of the federal and provincial economies. The U.S. economy, on the road to modest recovery, remains central to…

U.S. Shale Boom Not Enough to Remove the Threat of Peak Oil

U.S. Shale Boom Not Enough to Remove the Threat of Peak Oil

May 24, 2013 at 16:57 | Post Carbon

A new phrase, “supply shock,” entered the lexicon of the global oil business this week when the International Energy Agency (IEA) reported that unexpectedly rapid growth in tight oil production…

How Reliable is the IEA’s Oil Market Forecast?

How Reliable is the IEA’s Oil Market Forecast?

May 20, 2013 at 16:32 | Kurt Cobb

The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast,…

“Hard sell?” Canada Doubles PR Budget to Promote Tar Sands in U.S.

“Hard sell?” Canada Doubles PR Budget to Promote Tar Sands in U.S.

May 17, 2013 at 17:30 | John Daly

Canada is, according to the U.S. Energy Administration, the leading source of United States crude oil imports, which average 9.033 million barrels per day (mbpd), with Canada sending 2.666…

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