Despite high prices, above-average economic growth drove robust global energy-demand growth last year, according to BP’s latest statistical review of world energy.
Last week, just as millions of Americans—many of them in the oil and gas industry—were preparing for their July 4 Independence Day celebrations, the Russian government...
Recent increases in the price of oil result largely from a collision of demand growth with what might be called a “silent disruption” to worldwide supply.
Iraqi Oil Minister Hussain Al Shahristani and Japanese Minister of Economy, Trade, and Industry Akira Amari—voicing concerns over global oil prices—agreed that both ...
US proved oil reserves for 40 exploration and production companies increased 2% during 2003-07, reported Ernst & Young in a benchmark study released in Houston.
Brazil will at least triple its oil reserves by exploring the new Tupi offshore area, and will use the future revenues on healthcare and education for the country, according to...
The US Supreme Court has overturned the $2.5 billion in punitive damages against ExxonMobil Corp. for an oil spill from the tanker Exxon Valdez in Alaska’s Prince William Sound...
Jorge R. Pinon does not want US politicians to become so concerned about Venezuelan President Hugo Chavez or a possible Chinese presence in Cuba that they overlook the rest of...
The US had 9 of the top 10 jurisdictions worldwide that oil and gas executives ranked as attractive destinations for upstream investment, according to results of a survey conducted...
The US Securities and Exchange Commission has released a proposed set of revised oil and natural gas reserves reporting requirements, and proposed changes include disclosure of...
General Interest Quick TakesBrazil plans oil law changes, oil management firmBrazil’s Mines and Energy Minister Edison Lobao plans to propose to President Luiz Inacio Lula da...
The world’s total energy consumption could grow by 50% in the 25 years from 2005 to 2030, with most of the increase coming in developing countries, reported the US Energy Information...
The Canadian Association of Petroleum Producers (CAPP) has released its annual crude oil production from oil sands outlook, which is slightly altered from its earlier report.
US Senate Republicans introduced legislation that they said would balance developing domestic fossil fuel sources with promoting alternatives and improve energy commodity market...
The National Petroleum Council (NPC) 10 months ago presented to the US Department of Energy its comprehensive study, “Hard Truths,” which addressed maintaining US and world energy...
It is well known that the hydrocarbon industry, by its very nature, is responsible for a large share of the production of products which go on to become greenhouse gases.
The oil and gas industry in the Gulf of Mexico has the greatest weather exposure in the world and is vulnerable to a range of losses that include physical damage and destruction...
There was virtually no reaction in world oil markets when Iran denied the rumor that Israeli aircraft had attacked its nuclear facilities on June 23, saying such an act would ...
In another display of confusion about energy, Democratic leaders in Congress responded to oil-supply initiatives from the US president and the Republican who would succeed him...
ItalyMediterranean Oil & Gas PLC will precisely assess the contingent and prospective oil and gas resources on the BR 269 GC permit in the Adriatic Sea off Italy.Consulting engineers...
The Texas-Gulf Coast natural gas pipeline buildout during the last year has caused price and flow changes offering a glimpse into what will likely take place as the construction...
