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Oil Boom: North Dakota is the Next Hub of U.S. Energy
In 2001, North Dakota wells produced 31 million barrels of oil, less than 2 percent of which came from the Bakken. Last year the state generated a record 152 million barrels, and more than 80 percent of it was Bakken derived. For 2012, North Dakota's ...
Azerbaijan - A Repressive, Corrupt Country That The West Loves: There Must Be Oil
Azerbaijan has 7 billion barrels in proven reserves of oil and produces just over one million barrels per day. (Liana Jervalidze, a research fellow at the International School of Caucasus Studies, Ilia State University, and a former official with the ...
North Dakota votes 'no' on ending property tax
NEW YORK (CNNMoney) -- Voters in North Dakota, where the economy is swelling with money from the oil boom, have voted against abolishing property taxes in the state. More than 76% voted "no" in Tuesday's initiative to get rid of the property tax, ...
Oil sanctions on Iran loom despite talks
That all means the sanctions on Iran can move forward without the risk of an oil shortage. "This is the best of all worlds" said Frank Verrastro, director of the Energy and National Security program at the Center for Strategic and International Studies ...
Russia offers to buy BP's $30 billion JV stake: source
If a state entity acquires the stake, worth around $30 billion, it would signal a dramatic reorganization of Russia's oil industry, the world's largest, weeks after Vladimir Putin returned to the presidency. Igor Sechin, CEO of state oil major ...
Russia's Rosneft hires TNK-BP insider as BP pursues sale  Reuters UK
The UAE Is Nearing Completion Of An Oil Route That Totally Avoids Iran
Al-Hamli and the state-run International Petroleum Investment Co., which is building the pipeline, did not respond to Associated Press requests for comment about the project.
From Milk to Peas, a Chinese Food-Safety Mess
The string of food-safety scandals, especially in the dairy sector, has led to falling share prices - and significant buying opportunities for foreign investors, according to a Reuters report published in the International Herald Tribune. ... “A ...
Oil Companies Are Dumping Millions Of Gallons Of Drilling Waste Around North ...
Hydraulic fracturing - the controversial process behind the spread of natural gas drilling - is enabling oil companies to reach previously inaccessible reserves in North Dakota, triggering a turnaround not only in the state's fortunes, but also in ...
ConocoPhillips Reports Oil Leak In China's Bohai Bay
Chinese oil company CNOOC Limited (Hong Kong: 0883) announced on Monday it received word that the local subsidiary of U.S. oil company ConocoPhillips (NYSE: COP) is cleaning up a small and contained oil spill, on the site where a much larger spill ...
Debate over fracking, quakes gets louder
"While it appears likely that the observed seismicity rate changes in the middle part of the United States in recent years are manmade, it remains to be determined if they are related to either changes in production methodologies or to the rate of oil ...