Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - proved reserves map
Samson Oil & Gas Announces 61% Increase in Proved Reserve Volume & Extends Rights Offer
Daily Finance - 5/15/2013 1:39:11 AM
This development program is being undertaken adjacent to existing production and has been expected to add significant oil production and reserves to Samson, including the improvement in Proved Reserve announced today. The recently commenced ...
Samson Oil & Gas announces 61% increase in proved reserve volume
scandoil.com - 5/16/2013 12:50:53 PM
Samson Oil & Gas Limited announced a 61% increase in the independent estimate of its Proved Reserve since January 1st, and an extension of its ongoing shareholders Rights Offering to May 24th in the U.S. and May 31st in Australia. Rights Offering As ...
Marathon Oil Corporation to Participate in UBS Global Oil and Gas Conference
Marketwatch - 5/16/2013 4:25:38 PM
Marathon Oil Corporation is an international exploration and production company. Based in Houston, Texas, the Company had net proved reserves at the end of 2012 of 2 billion barrels of oil equivalent in North America, Europe and Africa.
US boom transforming global oil trade
The Guardian - 5/15/2013 11:40:29 AM
The threat of chronic oil ... countries produce more oil. "It is impossible to ignore the possibility that current non-conventional technologies, as they spread and get both perfected and mainstreamed, could lead to a wholesale reassessment of global ...
What would happen if the U.S. banned all Iranian oil?
Yahoo! News - 5/13/2013 11:53:00 PM
Congress is considering harsher sanctions that could squeeze Iran out of the global oil market Iran holds the fourth-largest ... "The goal is to put pressure on Iran, not to pick fights with trading partners," a senior administration official told the ...
New Market Report Now Available: Canada Oil & Gas Report Q2 2013
SBWire - 5/15/2013 3:08:04 PM
supported by gas production in British Columbia to feed proposed LNG projects and emerging shale gas production from Alberta. Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/18/2013 3:30:10 AM
First off, the impetus for cars powered by grass cuttings, corn, sugar beets, propane, cow manure, soy beans, or garbanzo-induced flatulence dissipates in the breeze of public opinion when $140 oil drops to $70. The strident alternative fuel advocates ...
Oil & gas reserves add to existing tensions between Israel & Lebanon
Channel NewsAsia - 5/17/2013 5:18:43 AM
TEL AVIV: The recent discovery of oil and gas reserves in the eastern Mediterranean off the Israeli, Cypriot and Lebanese coasts is a great boost to the independence and self-sufficiency of these countries. But the discoveries also add to existing tensions ...
A Global Oil Giant With Chinese Characteristics
Wall Street Journal - 5/15/2013 3:05:05 AM
When Royal Dutch Shell PLC announced in Oct. 2008 that Peter Voser would serve as its next chief executive, the company ... oil companies seek more deals abroad. That strategy proved pivotal as fellow Chinese oil giant Cnooc Ltd. successfully ...
GLOBAL MARKETS-Dollar soars, stocks gain amid talk of Fed QE exit
Reuters - 5/17/2013 2:51:23 PM
The dollar index, which measures its value against a basket of six major currencies, rose to 84.312, its highest in nearly three years. It last traded at 84.262, up 0.81 percent on the day. The euro fell 0.55 percent to $1.2810, while the dollar ...
New Market Research Report: Qatar Oil & Gas Report Q2 2013
SBWire - 5/15/2013 7:04:18 PM
Boston, MA -- (SBWIRE) -- 05/15/2013 -- BMI View: Qatar sits on the world's third-largest proven gas reserves ... which was successfully launched in September 2012. The successful execution of Pearl GTL will boost Qatar's petroleum export revenues and ...
OIL DRILLING IN THE ARCTIC: AN ECOLOGICAL DISASTER WAITING TO HAPPEN
American Reporter - 5/18/2013 3:30:10 AM
Are we so desperate for one last big fix of oil, that we're willing to destroy one ... gas - equal to about one-third of the world's known gas reserves, or the equivalent of the total proven reserves of Russia. All this is being eyed by the five nations ...
U.S. oil production jolts global market
Montgomery Advertiser - 5/18/2013 9:20:55 AM
NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern ...
Palm Reserves in Indonesia Seen Dropping to Lowest Since October
Bloomberg - 5/13/2013 10:05:37 PM
“Domestic use is increasing for food as well as for biodiesel,” said Derom Bangun, chairman of the Indonesian Palm Oil Board. The country will probably ... the Palm Oil Board in Malaysia said reserves fell 11 percent to 1.93 million tons ...
Brazil’s Oil Exploration Auction Bodes Well For Output
Wall Street Journal - 5/15/2013 11:57:47 PM
Oil production in Latin America’s biggest country was expected to take off after 2007, when the world’s biggest oil discoveries in a couple decades were made. A new regulatory model would reserve ... those fields have proven far more ...