Category: Crude oil

Universities and industry collaborating more to meet each other’s needs

Universities and oil and gas firms are sharing resources, technology and thinkers more today than ever before in an effort to promote each other’s priorities and solve a staffing shortage of engineers in some fields.  More »

BP to exit Brazil’s Polvo oil field

Oil company BP says it is selling its majority stake in Brazil’s Polvo oil field for $135 million in cash to HRT Oil & Gas.  More »

Scenic, struggling S. Illinois braces for oil rush

This is the Illinois that many people never see — the sparsely populated southern tip where flat farmland gives way to rolling hills, rocky outcrops, thick forests and cypress swamps.  More »

Opinion: The oil and gold booms are over

The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken.  More »

Outlook grim in Venezuela’s essential oil industry

PDVSA, which accounts for 96 percent of the country’s export earnings, no longer “generates enough income to cover all its costs and finance its commitments,” said Pedro Luis Rodriguez Sosa, an energy expert at the Institute for Advanced Studies in Administration in Caracas.  More »

Clean technology investors shift focus to drilling

A decade ago, large investors in so-called clean technology had a straightforward goal: finance companies that would help eliminate the world’s dependence on oil, natural gas and coal.  More »

Oil drilling technology leaps, clean energy lags

Technology created an energy revolution over the past decade — just not the one we expected.  More »

Parnell: Trip gave insight on oil expectations

Alaskans can “legitimately expect” billions of dollars more in new investment in the next few years under the tax changes recently approved by the state Legislature, Gov. Sean Parnell said.  More »

BP to Total lead U.K. oil revival as $65 billion spent

The future of the U.K.’s 40-year-old oil and gas industry lies on a stretch of windswept bogland in the Shetland islands 200 kilometers (124 miles) north of Scotland.  More »

Shale boom skews oil prices, triggers midstream growth

The steady growth in oil production from U.S. shale fields has triggered midstream development and offers advantages for refiners that can use cheaper domestic crude oil.  More »

ND House rejects oil tax restructuring measure

North Dakota’s House rejected a measure Wednesday aimed at closing an exemption enjoyed by oil companies in exchange for lower tax rates.  More »

The Politics of Oil In Scotland

On 18th September 2014 the Scottish People will have a referendum on their future within the United Kingdom where they will be asked the simple question: Should Scotland be an Independent Country? Yes or No. Should the people say yes then this will not…  More »