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 - 5/15/2013 11:57:47 PM
HOUSTON, May 16, May 16, 2013 (GLOBE NEWSWIRE via COMTEX) -- Marathon Oil Corporation (NYSE:MRO) announced today that Janet F. Clark, Marathon Oil executive vice president and chief financial officer, will present at the UBS Global Oil and Gas ...
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 proven oil reserves in the world ... is to present other countries with an ultimatum: Stop buying oil from Iran, or lose access ...
Anadarko to Present at Upcoming Oil & Gas Conference
MSN Money - 5/20/2013 8:24:16 PM
acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2012, the company had approximately 2.56 billion barrels-equivalent of proved reserves, making it one of the world's largest ...
Cairn says MBA oilfield reserves up 5 per cent
Economic Times - 5/20/2013 12:46:08 PM
Cairn in a filing to the stock exchanges said recoverable reserves (Gross Proved and Probable Reserves and Resources) in MBA fields are 905 million barrels of oil equivalent.
US boom transforming global oil trade
The Guardian - 5/14/2013 9:28:39 PM
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 ...
New Market Report Now Available: Canada Oil & Gas Report Q2 2013
SBWire - 5/15/2013 3:08:04 PM
Exploration in the country's offshore acreage and unconventional resources ... infrastructure bottlenecks depress demand for heavy Canadian crude. - Canada's proven oil reserves are expected to fall from 173.6bn barrels (bbl) in end-2012 to 158.0bn bbl ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/18/2013 3:30:10 AM
When my savvy editor Joe Shea ran the latest eblasts of rumor and innuendo by me I rolled my eyes but promised to check ... Just look at the cattle ranchers near Amarillo or Dumas whose small wells snapped back to life drop by drop and gallon by gallon ...
Oil & gas reserves add to existing tensions between Israel & Lebanon
Channel NewsAsia - 5/17/2013 5:18:43 AM
But the discoveries also add to existing tensions between Israel and Lebanon as both are claiming the oil and gas reserves as their own. In April, natural gas from the Israeli Tamar reserve began to flow from an offshore rig in the Mediterranean Sea into ...
New Market Research Report: Qatar Oil & Gas Report Q2 2013
SBWire - 5/15/2013 7:04:18 PM
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. - Legacy Oil + Gas Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2012 - Voyager Oil ...
OIL DRILLING IN THE ARCTIC: AN ECOLOGICAL DISASTER WAITING TO HAPPEN
American Reporter - 5/20/2013 4:03:35 AM
But it will be a long time, if ever, before any of these nations gets a crack at these reserves. That we can even have a discussion about drilling for oil and gas in the Arctic is because of global warming. For the first time in human history, there may be ...
Oil Reverses as Dollar Weakens, Offsetting Demand Fears
CNBC - 5/20/2013 6:51:12 PM
Several countries celebrated religious festivals on Monday, keeping market volumes low in Europe. Traders awaited the minutes of a U.S. Federal Reserve meeting due to be released on Wednesday to assess the outlook for the oil markets, as any hints of ...
REUTERS SUMMIT-Colombia pins energy hopes on shale oil discoveries
Reuters - 5/20/2013 4:20:53 PM
BOGOTA, May 20 (Reuters) - With Colombia's oil reserves stretching to less than seven years, its biggest challenge is boosting exploration and attracting fresh investment to uncap a "world of discovery" in shale oil, the energy minister said.
Oil Companies Want to Avoid Another Attack in Benghazi
The Motley Fool - 5/19/2013 1:58:54 PM
Moammar Gadhafi was killed by rebel forces, is home to Africa's largest proven oil reserves. The combination of these reserves with Libya's place at the OPEC table means that actions in Libya have far-reaching effects on the world's flow of oil.