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Energy / Crude Oil

Bosnian Federation: Oil Legislation Sets First Concessions in Motion

Bosnian Federation: Oil Legislation Sets First Concessions in Motion

Dec 06, 2013 at 15:43 | Editorial Dept

Earlier this year we let you in on a little known secret about an up-and-coming oil venue in an unlikely corner of the world—Bosnia and Herzegovina. The paralytic “multi-ethnic” government…

Oil Majors Pushing Offshore, but Obstacles Remain

Oil Majors Pushing Offshore, but Obstacles Remain

Dec 05, 2013 at 17:10 | Nick Cunningham

Major oil companies continue an aggressive push into deeper water as the memory of the 2010 Deepwater Horizon blowout recedes. Spurred on by consistently high prices for crude oil, the…

No Need for More Iranian Oil, U.S. Says

No Need for More Iranian Oil, U.S. Says

Dec 03, 2013 at 16:55 | Daniel J. Graeber

Iran says it expects a major boost in oil exports now that it has a nuclear deal in hand. In a sign the market is able to do without, however,…

Higher U.S. Oil Drilling Has An Unexpected Effect

Higher U.S. Oil Drilling Has An Unexpected Effect

Dec 02, 2013 at 17:02 | Dave Forest

Platts reported some unusual findings last week as part of a new study.Looking at oil versus natural gas drilling in the U.S.The analysts found that since…

Small Company’s New Subsea Wellhead Tap Design Attracts Oil Majors Interest

Small Company’s New Subsea Wellhead Tap Design Attracts Oil Majors Interest

Nov 29, 2013 at 16:39 | John Daly

As offshore drilling moves into deeper waters, new engineering techniques are needed to cope with temperatures that can hit 150 degrees Celsius, with crushing pressures that can exceed 25,000 pounds…

Only Oil Insiders Are Looking At This Play

Only Oil Insiders Are Looking At This Play

Nov 29, 2013 at 16:11 | Editorial Dept

U.S. oil men usually love their home turf. Especially today, with U.S. shale plays yielding some of the best production and reserves numbers on the planet.But one industry…

Oil Supply Outages Leave Spare Capacity Tightest Since 2008

Oil Supply Outages Leave Spare Capacity Tightest Since 2008

Nov 29, 2013 at 16:08 | Nick Cunningham

There has been quite a sell-off in oil in the last few months. First, the deal between Iran and the West made front-page headlines and sparked speculation of an imminent…

Kurdistan Set to Begin Oil Exports to Turkey with New Pipeline Next Month

Kurdistan Set to Begin Oil Exports to Turkey with New Pipeline Next Month

Nov 28, 2013 at 17:56 | Nick Cunningham

Kurdistan’s Prime Minister announced oil exports will begin in December from a new pipeline, marking a major milestone for the semi-autonomous region in Iraq. During an interview with reporters…

BP at Heart of Revived Dispute over Kirkuk Oil

BP at Heart of Revived Dispute over Kirkuk Oil

Nov 25, 2013 at 17:51 | Charles Kennedy

Iraqi central authorities in Baghdad have announced plans to go ahead with a controversial deal with British oil giant BP Plc. to revive the giant oilfield in disputed Kirkuk in…

Canada to Build World’s Largest Artificial Lake District to Store Oil Sand Waste

Canada to Build World’s Largest Artificial Lake District to Store Oil Sand Waste

Nov 25, 2013 at 17:47 | MINING.com

About 30 artificial lakes may be built in Canada’s oil sand rich province of Alberta by the time companies currently extracting heavy crude from the area finish their work, as…

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