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Energy / Crude Oil

U.S. to Lose Out Yet Again on Developing Cuba's Offshore Oil?

U.S. to Lose Out Yet Again on Developing Cuba's Offshore Oil?

Jan 26, 2012 at 17:40 | John Daly

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.

Oil Majors Move Back to the Gulf of Mexico

Oil Majors Move Back to the Gulf of Mexico

Jan 25, 2012 at 17:42 | Energy Digital

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…

Is Nigeria to become Africa's next failed nation-state?

Is Nigeria to become Africa's next failed nation-state?

Jan 24, 2012 at 17:20 | John Daly

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…

Croatia’s INA Oil Company, Caught Between al Assad and a Hard Place

Croatia’s INA Oil Company, Caught Between al Assad and a Hard Place

Jan 22, 2012 at 19:40 | John Daly

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…

Post-Keystone, Canada Takes its Business Elsewhere

Post-Keystone, Canada Takes its Business Elsewhere

Jan 19, 2012 at 18:32 | Daniel J. Graeber

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…

In Another "Great Leap Forward," Chinese Firm Finds Oil in Thailand's Northeast

In Another "Great Leap Forward," Chinese Firm Finds Oil in Thailand's Northeast

Jan 19, 2012 at 18:30 | John Daly

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's Rising Domestic Oil Consumption to Threaten Exports?

Saudi Arabia's Rising Domestic Oil Consumption to Threaten Exports?

Jan 11, 2012 at 17:30 | John Daly

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…

Kurdistan's Huge Oil Reserves Lend Credibility to Iraqi Claims of 115 Billion Barrels

Kurdistan's Huge Oil Reserves Lend Credibility to Iraqi Claims of 115 Billion Barrels

Jan 10, 2012 at 17:10 | The Oil Drum

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.…

Former IEA Oil Expert: Oil Production Could Begin to Decline in 2015

Former IEA Oil Expert: Oil Production Could Begin to Decline in 2015

Jan 09, 2012 at 08:08 | The Oil Drum

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…

How Will Peak Oil Fare in 2012

How Will Peak Oil Fare in 2012

Jan 09, 2012 at 08:00 | Post Carbon

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…

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