Crude Oil

U.S. Governors Seek "Onramp" to Pipeline for Booming Bakken Shale Output (1 comments)

Governors of Montana and North Dakota met with TransCanada Corp. officials this week in an effort to convince the builder of a nearly 2,000-mile pipeline from Alberta to the Gulf Coast to tap into the burgeoning oil production from the Bakken Sha

Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target (2 comments)

Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass pre-war production levels.

With the third-largest proven oil reserves

Peak Oil and the Investment Landscape: A Look at the Potential Winners and Losers (1 comments)

Last month, I explained in an article how and why the world is approaching a worldwide peak in oil

Oil Sands receive a big vote of confidence from Oil Major BP (0 comments)

News came yesterday that oil major BP is close to a deal in the Alberta oil sands.

It appears that BP is the preferred bidder for a majority stake in bankrupt oil sands developer Value Creation. The price tag is $1.2 billion.
This is a bi

New Invention Using Spent Nuclear Fuel Rods Could Unlock U.S. Oil Reserves Three Times Larger Than Saudi Arabia's (5 comments)

There's some incredible new oil extraction technology being investigated over at Nuclearhydrocarbons.

Oil and Gas Industry Weathers Shifting Climate (0 comments)

Often the green movement’s whipping boy, the oil and gas sector has no chance of escaping the scourge of climate change, an issue that everyone from international leaders to even Osama bin Laden are bemoaning these days.

From the conferen

Canada's Alluring Energy Supply Regaining it's Lustre Despite Continued Criticism (0 comments)

As the recession fades from the Canadian oil sands and projects delayed amid months of uncertainty score a second chance, criticism has still not simmered down over how these pockets of crude sully the surrounding land in the country’s picturesqu

The Value of Empty Space - Japan Secures Oil Supply (0 comments)

Here's an interesting one in the realm of oil security.

As we've discussed, Japan is using a lot less oil these days. In the last year, Japanese consumption dropped 800,000 barrels per day.

That's leaving the country's pet

Oil, Politics and Power (10 comments)

Oil and politics have always gone together for a simple reason; since oil became an indispensable commodity without which the world as we know it today would not function, countries that produce oil have learned how to use it as a weapon. And who says

Canada's Oil Sands, Tarnished Images and Dirty Commodities (4 comments)

“When you think of Canada, which qualities come to mind: the world's peacekeeper, the friendly nation, a liberal counterweight to the harsher pieties of its southern neighbour, decent, civilised, fair, well-governed? Think again. This country

What Happens When the Wells Run Dry? (5 comments)

One nagging question that the industrial world has been asking itself since the discovery of the first oil well is what happens when the wells begin to run dry. The answer is relatively simple to imagine. We had a dry run, so to speak, when Dubai&rsquo

A Gas Company Revolutionizes Canadian Oil (0 comments)

The next big thing is here in the Canadian oil patch.

I wrote a few weeks ago that a number of new Alberta and Saskatchewan petroleum plays are being poked at using multi-stage fracturing technology. One being the Cardium oil play of western Alb

The Great Oil Grab! How the Major Powers are Dividing the World's Resources (0 comments)

China and Russia will stay on tenterhooks for decades to come, on the question of sufficiency of energy supplies, notwithstanding the oil grab they have indulged in over the past years.  According to energy security pundits, both China and Russia

Oil and the Environment - What are Oil Companies Doing to Clean up Their Act (0 comments)

The world continues to thirst for oil with in an ever increasing fervor, yet simultaneously struggles to fully grasp and appreciate the obstacles encountered by those who bring that oil to their local pumps.

There has always been a necessary tra

A Detailed Guide on the Many Different Types of Crude Oil (0 comments)

Some people arbitrarily speak about oil as if it is a single, indistinguishably homogenous substance without any unique differentiation, but this is actually not the case at all! In fact, there are many different kinds of oil.

In its natural, un

New Techniques Oil Companies are Using in Drilling for Oil (0 comments)

As the politics and philosophical arguments about “Peak Oil” continue to rage, science continues to move steadily onward, progressively creating new and better ways to both find and extract oil that we never could have previously discovered

Big Oil - A Look at The Worlds Most Powerful Companies (1 comments)

The term "Big Oil," which initially was coined with derisive and derogatory connotations, has since come to designate those proverbial “Titans” and veritable leaders of the oil industry, now, once again, being dutifully appreciate

How to Speculate in the Energy Markets: Crude Oil Traders have Options (0 comments)

Crude oil is among the most notorious commodity markets but is also among the most treacherous.  Nonetheless, speculators are drawn toward the leverage and volatility provided in this trading arena...and the stories of riches made and lost by its

The Oil Industry And Its Effect On Global Politics (0 comments)

Over the past century, modern society has developed a near unquenchable thirst for oil and after 100 years of searching and experimenting there is still no reliable replacement.   

“Oil is Power!” I don’t just mean pow

What is Peak Oil Theory? A Thorough Look at This heavily Debated Topic (1 comments)

Currently there is a lot of debate going on regarding Peak Oil and precisely what we need to be doing about it, both now and in the near future.

The term "peak oil" refers to that specific point in time when the Earth's oil supply w

Oil Shale - So Just What Is It! (1 comments)
People often say: “You can’t squeeze blood from a stone.” However that’s exactly what shale oil is. An alternative fuel, created by squeezing our planet’s proverbial “Life Blood” out of rock once again has many scientists and energy experts excitedly talk

Oil is not a Villain! Here's what it's done for us (0 comments)
For decades now, oil has often been vilified and bedeviled by just about everyone from progressive environmentalist organizations to the mass media, but the fact is, without oil, we would be in a very sorry state and many of the so called “green energy o

What is Crude Oil?-A Detailed Explanation on this Essential Fossil Fuel (1 comments)
Crude oil, commonly known as petroleum, is a liquid found within the Earth comprised of hydrocarbons, organic compounds and small amounts of metal. While hydrocarbons are usually the primary component of crude oil, their composition can vary from 50%-97%