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Energy / Crude Oil

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

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

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

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

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

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

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…

Horizontal Drilling Picks up Pace in Permian Basin

Nov 22, 2013 at 17:59 | Charles Kennedy

Texas’ Permian Basin remains the biggest oil producer in the US, and though its production has grown more modestly than other new plays this may be about to change with…

The Makings of a Petro-State

Nov 21, 2013 at 17:08 | Nick Cunningham

The Energy Information Administration (EIA) predicts the Bakken formation will hit a milestone in December when it surpasses 1 million barrels per day of oil production. Since 2010, oil production…

How Effective are Anti-Oil Protests?

Nov 19, 2013 at 17:23 | Daniel J. Graeber

A Russian court granted bail Monday to two of the 30 people arrested when activists with Greenpeace tried to climb the Arctic-class ice-resistant Prirazlomnaya oil rig deployed in the Pechora…

China Gobbles Up Assets in Latin America

Nov 18, 2013 at 17:37 | Charles Kennedy

China National Petroleum Corp (CNPC) has agreed to purchase $2.6 billion in Peruvian gas assets from Brazil’s debt-strapped state-run oil company Petrobras as China works fast to increase its Latin…

What Happens after the U.S. Oil Boom Goes Bust?

Nov 15, 2013 at 18:06 | Daniel J. Graeber

The Bakken crude oil formation spread out over North Dakota and Montana should give up more than 1 million barrels of oil per day next month. North Dakota is already…

World Depends on Two Countries for Increase in Oil Production

Nov 12, 2013 at 17:23 | Nick Cunningham

Oil prices will only rise moderately over the next 20 years according to estimates from the International Energy Agency. The IEA released the 2013 edition of its much-anticipated World…

The Battle between Oil Sands and the Environment

Nov 12, 2013 at 17:13 | Robert Rapier

I spent the past week in the heart of the Athabasca oil sands in Fort McMurray, Alberta. I was there as a guest of the Canadian government, which hosts annual…

Libya's Oil May be its Downfall

Nov 11, 2013 at 17:35 | Daniel J. Graeber

The self-declared government of Cyrenaica, a district in eastern Libya, said it established its own oil company that's ready to put crude oil on the international market. Libya since Moammar…

Serious Oil Problems Uncovered in Nigeria

Nov 08, 2013 at 17:39 | Daniel J. Graeber

A report last week from Amnesty International said energy companies operating in the oil-rich Niger Delta region weren't entirely up front about what's causing the "hundreds" of spills reported every…

Anadarko Begins Production in Algeria’s Field of Dreams

Nov 01, 2013 at 18:28 | Joao Peixe

US oil company Anadarko Petroleum Corp. has officially launched production in Algeria’s Illizi Province, with plans to produce 146,000 barrels per day in partnership with Algerian state-run Sonatrach.

It’s Time to Buy Refining Stocks

Nov 01, 2013 at 17:28 | Dan Dicker

The refiners have been a very ‘feast or famine’ trade group that I have been wary of playing.  But with widening Brent-WTI spreads, along with the collapses of other benchmarks…

Lebanon’s Oil Future on Hold

Nov 01, 2013 at 17:24 | Editorial Dept

We want to take another look at what’s going on in Lebanon--in terms of the spillover of the conflict in Syria, the meddling of external actors, and the internal political…

Is Nobody Watching Oil Pipeline Safety in the United States?

Oct 30, 2013 at 18:06 | Daniel J. Graeber

North Dakota's governor said he was frustrated with the way in which federal regulators were monitoring pipeline safety. An oil spill in the west of the state went unnoticed until…

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