Latest Oil production News
MEND blamed for with Nigerian oil attack
ABUJA, Nigeria, Feb. 6 (UPI) -- Attacks on Nigerian oil production will be used to drive energy companies from the Niger Delta, a militant group said.
Oil prices will rise as supplies tighten? Hardly.
Oil prices, which fell below $97 a barrel on Monday, are not poised to surge in the long run because long-term production is declining. Better technology and, if needed, higher oil prices mean the long predicted peak in oil production is a long way off.
Jubak: Real cost of 'peak oil'
No, we're not running out of oil, as some predicted. But petroleum -- like some other commodities, including copper -- is getting more expensive to find and produce.
Oil shale probe wrong policy, critics say
WASHINGTON, Feb. 6 (UPI) -- A decision to investigate oil shale production in the western United States is another example of White House efforts to send more jobs overseas, a critic said.
Tullow Oil, Uganda sign production-sharing deals
KAMPALA (Reuters) - London-listed Tullow Oil has signed two production-sharing agreements with Uganda, allowing it to complete a deal with China's CNOOC and France's Total that will pave the way for commercial oil production. Ugandan Energy Minister Irene Muloni said on Friday Tullow had agreed to the construction of a refinery - a key sticking point in talks as the companies had wanted to ...
Denbury Reports Year-End Reserves and Production
Replaces 367% of 2011 Production
Uganda says oil could start flowing in a year
CAPE TOWN (Reuters) - Uganda's energy minister said late on Sunday that commercial oil production could begin as early as next year after London-listed Tullow Oil signed two production-sharing agreements with the country. "If I may give a tentative period, then maybe in a year," Ugandan Energy Minister Irene Muloni told Reuters on the sidelines of an annual mining conference in Cape Town. On ...
Iran asks OPEC states not to raise oil output
Iran has asked OPEC members not to raise oil production to compensate for a European Union embargo against the Islamic republic, Oil Minister Rostam Qasemi said on Saturday.
Iran govt asks OPEC states not to raise oil production
(MENAFN - Arab Times) Iran has asked OPEC members not to raise oil production to compensate for a European Union embargo against the Islamic republic, Oil Minister Rostam Qasemi said on ...
Fulsome Fossil Fuels And The 'Peak Oil' Myth
Here's what we all know to be true: petroleum products are being consumed by an increasingly mobile world faster than foreseeable rises in production. As China puts its billion-and-change population on wheels, demand for oil, even with well-intentioned (but hopelessly inadequate) solar and wind farms in the picture, will drive scarcity. Prices will rise astronomically, giving more wealth and ...
