Talks are heating up between…
The CRESCII proposal which invites…
Media reports suggests that India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US…
U.S. lawmakers spent most of this week lobbing insults at the Cuban government while assessing the risks of an offshore oil spill about 90 miles from the southern Florida coast.…
Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to…
Since gaining independence in July, Middle East and North African experts have expressed concerns that border conflicts and disputes over the sharing of oil revenue could threaten a very fragile…
Energy companies are renowned for taking risks as they scour the globe for new opportunities.That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil…
Well, its official – on 23 January European Union foreign ministers agreed to ban the import of Iranian oil as part of sanctions designed to pressure Iran to end its…
While the Gulf of Mexico is one of the world’s most heavily developed offshore oil production sites, one area has remained offline up to now – Cuba’s offshore waters.
Over a year since America's worst oil spill in the Gulf of Mexico, big oil finally gets back to business... with a vengeance. For the first time since BP's Deepwater…
By any yardstick, Nigeria, Africa’s most populous nation, should be black Africa’s glittering success story. A member of the Organization of Petroleum Exporting Countries, producing 2.5 million barrels per…
As international pressure tightens against the regime of Syrian President Bashar al Assad, the Croatian national oil joint stock company Industrija Nafte (Oil Industry, or INA) is coming under increasing…
After Republican lawmakers in the United States lost their political gamble over the controversial Keystone XL pipeline, the Canadian government decided to issue a double insult to its southern neighbor…
As seemingly omnivorous Chinese energy firms encircle the globe looking for exploitable hydrocarbon reserves, one firm is searching close to home. Shaanxi Yanchang Petroleum Corp. Ltd has started exploring…
Saudi Arabia is currently the world’s leading oil producer, containing approximately one-fifth of the world's proven oil reserves. According to the U.S. Energy Information Agency, Saudi Aramco reported that it…
Whilst much of Iraq may be viewed as in a metastable social and political state, the semi-autonomous northern region of Kurdistan has enjoyed relative peace for a number of years.…
The following interview is a guest post by Matthieu Auzanneau, a freelance journalist living in Paris. This article previously appeared in Le Monde.Olivier Rech developed petroleum scenarios for…
The returns are in and we now know that world price of a barrel of oil averaged $111 in 2011. This was up 14 percent from last year and well…
In a nasty New Year’s Day present to his fellow Nigerians, President Goodluck Jonathan directed his administration to end fuel subsidies, effective immediately. Petroleum Products Pricing Regulatory Agency issued a…
One big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products. Here are the details behind that development. The…
With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North…
On 13 December British-based oil and gas exploration company Rockhopper Exploration Plc announced that a new well proved its Sea Lion field 80 miles off the Falklands coast is bigger…