LONDON, March 4- Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. The boom is being led by the Middle East, where the number of rigs operating has tripled since 1999, and Africa, where the rig count is up almost four times.» Read More
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
The price of the world’s most important oil benchmark is being boosted by South Korean refiners buying on the back of a tax loophole involving North Sea oil. The FT reports.
There are too many options but no one solution to the energy problem. Our needs are many. The current alternative energies — solar, wind, biofuels, nuclear and geothermal — all have limitations, but they're worth it until something better comes along.
Peter Voser, CEO of Royal Dutch Shell sees energy prices rising over the long-term because of growing demand for oil and increasing production costs.
Gas prices are rising because demand is rising in the developing world, which is a more consistent and growing pressure than fluctuating tensions in the Middle East, the Christian Science Monitor reports.
As oil hit nine-month highs Thursday, “Fast Money” pro Tim Seymour took a longer view on the effects that would have in the consumer space.
President Obama is focusing on Americans' anxiety over rising gasoline prices, taking credit for rising oil and gas production.
John Hofmeister, former Shell Oil USA operations president and founder and CEO of Citizens for Affordable Energy, recently talked with NetNet’s C-Suite about what factors he is looking at when formulating his oil outlook
The best energy bet for the United States amid rising crude prices might lay in natural gas, billionaire oilman T. Boone Pickens said Wednesday.
Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.
As oil prices rose for the fourth day in a row to $99 a barrel Thursday, “Fast Money” pros said integrated companies were the way to play the market.
By some estimates, shale gas reserves in China could be bigger than those in the U.S. and Royal Dutch Shell hopes to be a major player in the market.
Oil may be back near $100, but independent oil trader Dan Dicker warned Thursday that gains may be short lived.
Goldman Sachs noted yesterday (Wednesday) that the energy sector has been outperforming in the last week, and the investment bank is looking for that trend to continue.
United Continental Holdings took off with upside option activity, as an early pullback in the price of oil gave airline stocks a lift.