Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan, Neftegaz reported. According to the National Iranian Oil Company’s...
Kenya is considering to convert a portion of its coal deposits to oil as part of measures to cushion the economy from the volatile fuel import market, Business Daily reported. The country’s Petroleum Principal S...
The US state of North Dakota recorded an average gas production rate of 1.6 mcf/d and an oil production rate of 1.21m b/d for the month of June, reported USAToday. These rates are a record in the state for gas, and th...
Emad Hamdi, Chairman Badr al-Din Petroleum Company (Bapetco), said his company will invest $ 380m during 2015-2016 to add new wells. This was to counter the natural decline of production rates and increase production,...
Bahrain had oil reserves of 632. 5 million barrels at the end of last year, said a senior government official. A total of 618.44 million barrels were available at the Bahrain Field after 17.5 million barrels were prod...
U.S. crude oil production surged last year by the largest volume in more than 100 years. American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year b...
State energy firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposits...
The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday. The state’s Mine...
North Dakota’s Senate is considering legislation that would drastically cut the time oil companies can burn off and waste natural gas from an oil well. Democratic Sen. Connie Triplett is sponsoring the bill that...
Statoil and Southwestern Energy Company have completed their previously announced transaction, whereby Statoil has reduced its average working interest in the non-operated US southern Marcellus onshore asset from 29% ...