Proven reserves of Ecopetrol Corporate Group increased by 8.3 % in 2011

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99 of the reserves were audited by three specialized independent firms Gaffney Cline Associates Ryder Scott Company and DeGolyer and McNaughton. Ecopetrol39s Corporate Group proved net reser

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Railway crude exports to Kozmino resume after accident-Transneft

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MOSCOW, Feb 1 (Reuters) – East Siberian-Pacific Ocean
(ESPO) railway crude exports to Russia’s port of Kozmino resumed
on Wednesday after an earlier train derailment, a spokesman for
oil pipeline monopoly Transneft said on Wednesday.

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Tough Times for U.S. Electric Car Battery Makers

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Companies need more consumer demand for electric vehicles to grow rapidly.
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Brent crude gains whilst tensions grow between Iran and the West

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Brent crude increased 70 cents to 111.68 a barrel by 0915 GMT just below its 200day moving average of 111.77 a source of technical resistance. U.S. crude gained 51 cents to 98.99 a barrel. Meas

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Romney victorious in Florida primary

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Mitt Romney clinched a commanding victory in the Florida Republican presidential primary, restoring his status as the frontrunner in the race to be the party’s candidate against Barack Obama
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Gingrich faces uphill battle after Florida

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Mitt Romney’s campaign organisation and funding may be too much for rival after crushing victory in Republican primary
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Dot Earth Blog: Climate Researchers Get Their Wall Street Journal Moment

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A long list of climate scientists clarifies why experts are worried about unabated greenhouse gas emissions.
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Exxon to Keep Its Foot on Gas Pedal

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Exxon said it has no intention of curtailing gas production even as analysts predict prices for the fuel could remain at a historically low level through next year.
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Exxon to Keep Its Foot on Gas Pedal

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Exxon said it has no intention of curtailing gas production even as analysts predict prices for the fuel could remain at a historically low level through next year.
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Anxious Refineries Need Closure

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Rare is the industry that rallies on news of a bankruptcy. Oil refining is one of them.
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