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Oil Reserve news and technical articles from Oil & Gas Journal. Search Oil Reserve latest and archived news and articles

  1. Rep. Barton exploring options for filling US strategic oil reserve

    Online Articles

    Mon, 1 Oct 2001

    Beaumont, Tex., one of four sites holding the nation's oil reserve of 544.7 million bbl (OGJ Online, Sept. 27). Barton ..... expanded by 80 million bbl for $200-300 million. Existing oil reserves would support a drawdown rate of 4 million b/d, Barton

  2. Comment: Market gives OPEC opportunity to improve oil reserves data

    Magazine Articles

    Mon, 27 Jun 2005

    Exporting Countries to reevaluate their oil reserves and publish more accurate data than ..... exaggerate reserves. Analysis of OPEC oil reserves -more than two thirds of the world ..... countries have the right to keep their oil reserves figures confidential, they must realize

  3. Ugandan oil reserves reach 2 billion bbl

    Online Articles

    Fri, 12 Jun 2009

    rigorous exploration activity, her country’s confirmed oil reserves reached 2 billion bbl in June—the end of the 2008-09 fiscal ..... September, was based on the discovery of 300 million bbl of oil reserves , along with a small amount of natural gas. Since then

  4. Venezuela says oil reserves now at 142.31 billion bbl

    Online Articles

    Thu, 18 Sep 2008

    LOS ANGELES, Sept. 18 -- Venezuela's ministry of energy and petroleum has added 7.43 billion bbl to the country's oil reserves , raising them to 142.31 billion bbl. The ministry said the new proved reserves are in the Junin, Junin Block 1, Campos

  5. Iraq hikes oil reserves estimate to 143 billion bbl

    Online Articles

    Mon, 4 Oct 2010

    Iraqi government has raised its estimate of the country’s oil reserves to 143 billion bbl from 115 billion bbl. Citing work by ..... replaces Iran as the third-ranking country in reported oil reserves . At the beginning of this year, Iran had reserves of 137

  6. SEC rules might have meant US oil reserves hike

    Magazine Articles

    Mon, 9 Nov 2009

    Proved US crude oil reserves fell by more than 10% in 2008 ..... EIA noted. Under the old system, oil reserves fell to 19.1 billion bbl, largely ..... under the new reporting method." Oil reserves added in 2008 include 375 million

  7. SEC rules might have meant US oil reserves hike

    Online Articles

    Fri, 30 Oct 2009

    HOUSTON, Oct. 30 – Proved US crude oil reserves fell by more than 10% in 2008, but ..... EIA noted. Under the old system, oil reserves fell to 19.1 billion bbl, largely due to ..... under the new reporting method.” Oil reserves added in 2008 include 375 million bbl

  8. Venezuela claims 23% increase in oil reserves

    Magazine Articles

    Mon, 5 Apr 2010

    Venezuela said its proved oil reserves rose by 23% to 211.17 billion bbl due to the addition of ..... current technology. In addition to the 39.24 billion bbl of oil reserves , Venezuela added 3.7 tcf of natural gas to its reserves

  9. Brazil's oil reserves expected to rise by 400 million bbl

    Magazine Articles

    Mon, 11 Oct 2004

    Brazil's oil reserves are expected to increase by more than 400 million bbl by yearend ..... company Petroleo Brasileiro SA (Petrobras), said, "Domestic crude oil reserves will increase from the present 12.6 billion bbl to 13 billion

  10. USGS official upbeat about oil reserves

    Online Articles

    Thu, 14 Apr 2005

    OGJ correspondent PERTH, Apr. 14 -- There are much more oil reserves left in the world than many of the pessimistic forecasts ..... between 1985 and 2000 the North Sea region saw estimated oil reserves grow by around 12 billion bbl with new field discoveries

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