Category Archives: Oil Resources
ConocoPhillips (COP) who was looking to sell its 8.4% interest in the troubled Kashagan oil field in Kazakhstan has finally found an Indian buyer. Oil & Natural Gas Corp. (ONGC), the Indian oil state group has announced its biggest overseas acquisition … Continue reading
Saudi Arabia is taking pride in keeping oil prices stabilized for global economic growth despite a halving of Iranian exports because of oil embargo. It is also confident that the kingdom will meet present and future demand for oil, easing … Continue reading
US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions.
Not a while ago, Canada was a pioneer for environmental conversationalists, tackling sensitive issues like acid rain, depleting ozone layer and biodiversity. But that doesn’t seem to be the case today. Hundreds of environmental and activist websites backed by U.S.-based … Continue reading
According to the California State’s Energy Commission, there were 14 refineries that produced the state’s expensive blend of gasoline. but now remain only 12, reveal the officials. The survey done this year shows that the state had about 6.61 million gallons … Continue reading
An oil installation belonging to Shell Petroleum Development Company in Odidi, Niger Delta area of Nigeria (AP / George Osodi) Nigeria, Africa’s largest oil producer plans to increase crude oil production to 4 million barrels per day by 2020 said … Continue reading
Imports of West African crude oil are the highest ever recorded, after the Iran oil embargo cut supplies of oil from Tehran to Beijing. The first quarter reflects the effects of the oil sanctions as India and China look to … Continue reading
Dubai has emerged as a most visited city by tourists as well a business hub. Earlier its economy was built on oil industry but now its main sources of revenue are tourism, real estate and trading. This scenario is likely … Continue reading
As oil prices continue to fluctuate throughout the world and the prices on oil production increase new technologies to extract oil are being developed. Oil fields that were once thought too costly to provide oil in usable quantities are now … Continue reading
The future looks promising to ‘Statoil’, a Norwegian Energy Company which discovered a large oil field in the North Sea. This is the largest oil field discovered in the North Sea in the last 30 years.