The 'significant oil discovery' under Gatwick Airport seems further and further away.
The CEO of the oil exploration firm told the press last week there could be up to 100 billion barrels of oil in the group's discovery.
An oil and gas company says it's found 100 billion barrels of oil, but we'll almost certainly never see much of it.
The emergence of Islamic State in Libya is making an already chaotic situation worse.
Shares of Civeo Corporation were down more than...
If Scotland votes for independence, these tiny North Sea islands could leave, and take the oil with them.
The "Texas Oil Boom"
[credit provider=”Library of Congress” url=”http://www.loc.gov/pictures/resource/pan.6a01236/”] Paul Thomas Anderson’s film “There Will Be Blood,” which was nominated for Best Picture in 2008, tells the story of a seemingly possessed oil man who forces a small-time landowner to sell his lucrative plot in his quest to build a business empire at the […]
[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=Iran%20oil&showact=results&sort=date&intv=None&sh=10&kwstyle=and&adte=1341246911&pagez=60&cfasstyle=AND&rids=95771de2641944158512aaf3c464ca06&dbm=PThirtyDay&page=1&xslt=1&mediatype=Photo”] Whether or not you subscribe to theories of peak oil, there is no doubt that there are some massive untapped oil fields around the world.Some aren’t reaching their potential in terms of oil extraction for political reasons.
[credit provider=”Alex Jackson” url=”http://www.eurasianet.org/node/65571″] Iran recently announced that it has discovered a substantial oil deposit — about 10 billion barrels — in the Caspian Sea. That would be about seven per cent of Iran’s total reserves, and the country’s first discovery in the Caspian in over a century.That in itself […]
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Ottoman_Provinces_Of_Present_day_Libya.png”] Civil war could be on the horizon again in Libya.A report from British intelligence company Exclusive Analysis states:
Today SkyTruth released our Site 23051 Cumulative Spill Report showing our estimation of the total cumulative amount of crude oil spilled into the Gulf of Mexico at the site of Taylor Energy’s ongoing oil spill that began in 2004. In this report, we conclude:
[credit provider=”Wikimedia Commons”] Figuring out how much oil is left in the world and where it is located seems more important than ever, especially considering the political instability in many of the oil-producing countries.24/7 Wall St. used the most recent public information available to identify the largest oil fields in […]