Tue, 18 Jun 2013 18:02:37 CDT reuters.com
The company said it showed that the Eagle Ford geological formation in south Texas extends into northeastern Mexico, including Coahuila. In the United States, Eagle Ford shale gas and oil production has been booming in recent years.
Tue, 18 Jun 2013 17:32:28 CDT stockhouse.com
A mixed picture is starting to emerge from the Middle East in terms of oil production. Several members of the 12-member OPEC oil cartel are embroiled in turmoil or struggling to ensure post-war political gains.
Tue, 18 Jun 2013 14:51:21 CDT tri-parishtimes.com
Biofuels are not expected to capture a substantial share of the liquid fuels market. The EIA projects advanced biofuel use will total 4.9 quadrillion Btu in 2040, an increase from 2.9 quadrillion Btu in 2011.
Tue, 18 Jun 2013 09:01:44 CDT icis.com
However, average crude oil production was at a mere 3m bbl/day in 2012, although Iraq has surpassed Iran as the second largest OPEC oil producer at the end of the year, according to the Energy Information Administration (EIA) .
Mon, 17 Jun 2013 17:24:24 CDT investors.com
The U.S. Energy Information Administration now estimates that the country holds 58 billion barrels of technically recoverable shale oil, an astounding amount considering shale oil production didn't exist a decade ago. In 2012, U.S.
Mon, 17 Jun 2013 14:17:30 CDT bloomberg.com
Mexican President Enrique Pena Nieto said he's negotiating support to break the state monopoly over oil and gas exploration and production this year to accelerate economic growth.
Fri, 14 Jun 2013 18:26:11 CDT mining.com
World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012, according to the recently issued BP Statistical Review of World Energy 2013.
Thu, 13 Jun 2013 17:05:44 CDT csmonitor.com
American oil production had a banner year in 2012, largely thanks to new drilling techniques that recover oil from shale rock formations. As world energy supplies grew, demand for energy moderated, thanks to Europe's recession and energy-saving efforts.