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Are Big Oil's Best Days Behind It?

Are Big Oil's Best Days Behind It?

Big oil isn’t rushing to…

Oil Nosedives After SVB Collapse

Oil Nosedives After SVB Collapse

The rapid collapse of two…

Energy / Crude Oil

Attack on Iran's Oil Industry Ups Cyber Warfare Stakes

May 01, 2012 at 22:57 | Charles Kennedy

Stuxnet failed to cause enough damage to Iran’s nuclear program, and more recent attacks on the country’s science ministry and oil industry have also apparently fallen flat, but practice makes…

Stung by the Keystone XL Debacle, Canada Looks Eastwards

Apr 20, 2012 at 07:33 | John Daly

Given that the Keystone XL pipeline is apparently dead in the water at least until after the next presidential election, Canada is seeking new export markets in Asia for its…

Why the US is Not About to Become an Oil Exporter

Apr 18, 2012 at 17:26 | Gail Tverberg

Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a “net” oil exporter? With the…

What the EIA's World Oil Production Data for 2011 Tells Us About 2012

Apr 12, 2012 at 17:15 | Gail Tverberg

The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some…

Chechnya Courts Azerbaijan after Fallout with Russian Oil Giant

Apr 12, 2012 at 16:58 | Charles Kennedy

As the license for Russia’s state-own oil giant Rosneft to explore war-torn Chechnya’s hydrocarbon reserves is set to expire, Azerbaijan is invited to consider the contract as Chechen leader Ramzan…

Kenya Must Get it Right With Oil

Apr 11, 2012 at 17:08 | Daniel J. Graeber

Last month, Kenya declared that oil was discovered off its coast for the first time. Nairobi expects explorers to invest at least $40 million in the country and dozens of…

What Happens if Iran Doesn't Back Down?

Apr 05, 2012 at 17:11 | James Hamilton

If an embargo is successful in preventing Iran from selling a significant amount of oil on the world market, what would replace it? On Friday the White House released…

Why the US Cannot Extract Most of its Oil Reserves

Apr 04, 2012 at 17:14 | The Oil Drum

People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to…

In Major Policy shift, Turkey to Buy Libyan Crude to Replace Iranian

Apr 03, 2012 at 17:38 | John Daly

Washington’s attempts to corral recalcitrant nations to support increased sanctions on Iran by boycotting their oil exports have seen a number of countries effectively ignore the U.S. pleas, including China…

FARC Steps Up Attacks on Colombian Energy Infrastructure

Apr 02, 2012 at 17:12 | Charles Kennedy

After a lull since 2008, the Revolutionary Armed Forces of Colombia have resumed attacks on Colombia’s oil infrastructure, launched 14 attacks this year alone on a major pipeline run by…

A New Industry to be Born from the End of North Sea Oil

Mar 29, 2012 at 18:23 | Stuart Burns

It may be small by global standards, but Britain’s oil and gas industry has far greater significance than its size suggests. Apart from providing a global oil price benchmark —…

South Sudan Runs out of Time for Oil Transit Alternatives

Mar 28, 2012 at 18:37 | Charles Kennedy

Ongoing border and oil disputes and the halting of oil production by South Sudan has led to renewed clashes between Khartoum and Juba, the specter of another war and the…

Did Libya's Oil Bubble Burst Already?

Mar 28, 2012 at 18:32 | Daniel J. Graeber

Libyan crude oil production has witnessed a notable uptick since major combat operations ended last year. In mid-2011, at the height of the international conflict, it looked as if the…

New Oil Sands Pipeline is More Carbon Friendly than Shipping

Mar 28, 2012 at 18:14 | Brian Westenhaus

It didn’t take long for the oil industry to go to Plan B to get the massive new supplies of Bakken Formation oil in North Dakota and the Canadian…

Kenya Strikes Oil: New Regional Potential and Security Concerns

Mar 27, 2012 at 18:04 | Charles Kennedy

Kenya has announced its first oil discovery and is already discussing plans for the drilling of four exploratory wells this year in a development that portends a new future for…

Oil Production in the 21st Century and Peak Oil

Mar 27, 2012 at 18:00 | The Oil Drum

The Deepwater Horizon incident demonstrated that most of the oil left is deep offshore or in other locations difficult to reach. Moreover, to obtain the oil remaining in currently producing…

Cameroon, West Africa's Latest Oil Battleground

Mar 25, 2012 at 10:38 | John Daly

Sometimes it’s the obscure items about news reports that catch one’s eye. On 17 March a senior official of the Cameroon’s state-run National Hydrocarbons Corporation (SNH) told China’s Xinhua…

US May Hold Large Reserves of Shale Oil, but is it Economically Out of Reach?

Mar 22, 2012 at 18:19 | Post Carbon

There is a lot of talk recently that "tight oil" as found in North Dakota's Bakken and other shales in the Southwest will save America from stagnant global oil production…

Why Iran Believe they are Safe from Effects of Oil Sanctions

Mar 21, 2012 at 17:41 | Stuart Burns

After initial outrage, bluster and bravado, Iran appears to have come to terms with impending Western sanctions on the country’s oil and financial sector, to the point of saying they…

Iran's Oil Fields are in Rough Neighborhoods

Mar 20, 2012 at 17:59 | Daniel J. Graeber

Tehran this week said that if its "positive diplomacy" wasn't reciprocated by the Kuwaiti government, it would work to develop its section of a shared oil field alone. Tehran, OPEC's…

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