In a further expansion of Morocco's domestic energy efforts, Ireland's Circle Oil announced late last week that gas had begun flowing from its first shale well.
In the late 13th century, the explorer Marco Polo travelled to the region that comprises modern-day Azerbaijan and reported seeing gushing oil geysers, some of which ignited and lit up the night sky. These days, the sky above the capital...Show More Summary
Picture credit: Twitter How opponents of Scottish independence may have struck metaphorical oil in the last week. The top table (table 5) is taken from the Scottish Government’s white paper on independence published in late 2013, whilst the bottom table (table 1) is from the Scottish Government’s Oil & Gas bulletin published last week. As […]
SEATTLE (Reuters) - Royal Dutch Shell could begin drilling for oil in the Arctic off Alaska as early as the third week in July, when it expects sea ice to begin clearing, a spokesman said on Monday.
SEATTLE (Reuters) - Royal Dutch Shell said on Monday it could begin its 2015 Arctic oil exploration drilling operations as early as the third week in July when its forecasters believe that sea ice over its prospects will begin to cl...
The discovery of oil in Chad in 1969 did not yield many immediate benefits for a population that would soon be wracked by civil war, but hopes were high by the late 1990s. Chad had largely stabilized, and a new, World Bank-backed project to build a pipeline through Cameroon to the Atlantic Ocean coast was touted […]
President of Russian oil giant LUKoil Vagit Alekperov said that more than 80 percent of oil on the territory of Russia is extracted from oil fields that are on the late stages of development and operation.
This piece originally appeared in Zócalo Public Square. To a historian of pipelines, last month’s Santa Barbara oil spill is a reminder that the more things change, the more they remain the same. Since their introduction in the late 19 th century, pipelines have leaked regularly and ruptured occasionally. Show More Summary
Submitted by Art Berman via ArtBerman.com, Lately, oil prices have gone up when they should have gone down. In the last week, OPEC decided not to cut production and the two major energy agencies reported that the world over-supply problem is getting worse. Show More Summary
A showdown between oil and gas companies, pro-drilling politicians, and a newly formed grassroots environmental group is brewing in South Carolina. In late January, the Obama administration proposed to sell oil and gas leases for federally controlled areas in the Atlantic Ocean. Show More Summary
International crude oil tanker owner Euronav has set the record straight on market speculation that it is planning a $1.2 billion tanker buying spree. In a statement late Thursday from the Antwerp-based company, Euronav said it will...Show More Summary
The blaze that has been raging at an oil depot in the Kiev region since late Monday has not been put out completely, the Ukrainian 112 TV channel reports.
INDIANAPOLIS, IN - APRIL 04: Nigel Hayes #10 of the Wisconsin Badgers celebrates late in the game against the Kentucky Wildcats during the NCAA Men's Final Four Semifinal at Lucas Oil Stadium on April 4, 2015 in Indianapolis, Indiana. (Photo by Streeter Lecka/Getty Images) On Monday, the NCAA approved several rules [...]
Submitted by Andrew Topf via OilPrice.com, The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. Show More Summary
Crude prices subdued by OPEC announcement, before surging late in the session.
WASHINGTON (Reuters) - U.S. economic activity expanded from early April to late May and growth was expected to continue at a "modest" to "moderate" pace against the backdrop of declining oil and gas investment, the Federal Reserve said on Wednesday. Show More Summary
Saudi Arabia has been front and center over the past few months as oil prices plunged in late 2014 and then saw a mild recovery in 2015. But it's worth taking a step back and looking at its unique economy as a whole and what that might...Show More Summary
hunderstruck9: Cuno Amiet (Swiss, 1868-1961), Frau Amiet im Garten [Frau Amiet in the garden], late 1940s. Oil on canvas, 73 x 59 cm.
Top Stories: Letterman's last Late Show, oil spill on California coast, Taylor Swift wins big at Billboard Music Awards, CTM at One World Trade Center and Waco biker shooting.
The US airline industry has been in the limelight lately due to its exceptional performance on plummeting global crude oil prices. As jet fuel costs constitute nearly a third of an airline's total operating expenses, the 50% drop in oil prices over the last ten months has accelerated the earnings of all major US airlines. Show More Summary