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
Shale gas/oil reserves: government expects to complete study by November-end
Business Recorder - 3/8/2014 10:59:03 PM
Shale gas has been commercially extracted in many parts of the world ... reserves of over 24 TCF. These estimates of recoverable hydrocarbon reserves are many a time higher than so far proven reserves of 24 TCF for gas and about 300 million barrels for oil.
Proppants Market in North America
TheSacramento Bee - 3/10/2014 5:56:02 PM
2012 190 3 Selected Acquisitions & Divestitures 203 4 Selected Cooperative Agreements 206 SECTION V -- REGIONAL PROPPANT MARKETS 1 North American Proppant Demand Growth, 2012-2017 98 2 United States: Proppant Demand by Region, 2012 106 3 Texas ...
30 countries with highest proven oil reserves
Rediff - 3/1/2012 2:57:12 AM
Oil and gas have made Qatar one of the highest per-capita income countries, and one of the world's fastest growing. Qatar's proved reserves of natural gas are nearly 26 trillion cubic metres, about 14% of the world total and the third largest in the world.
Libyan leader threatens to bomb North Korean oil tanker
CNN - 3/8/2014 9:33:09 PM
A spokesman for Libya's National Oil Corporation indicated the tanker was Saudi owned, but Saudi Arabia's embassy released a statement ... speaks to the unsettled situation in the North African nation, which the government is struggling to ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
Here are the top countries with the biggest proven oil reserves ... Arabia last year to become the holder of the largest oil reserves in the world. However, annual oil production of the OPEC supplier is considerably less than the Kingdom.
China’s Oil Discoveries - 1.08 Billion Tons
Oil Price - 3/10/2014 11:18:09 PM
In 2010 it became the largest global energy consumer ... production will rise to about 4.6 million bpd by the end of 2014. As a result, China has embarked on a worldwide quest to purchase energy, seeking supplies from Central Asia to Africa.
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/12/2012 11:56:35 PM
The world’s biggest oil-exporting nations faced a 15 percent slump ... in part because the company publishes its report in June, before most governments issue their annual reserves figures, said Robert Wine, a BP spokesman.
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/12/2014 11:56:08 PM
Using data from British Petroleum’s 2013 statistical review of world energy, we calculated the countries with the largest reserves in three key fossil fuel categories—oil, coal, and natural gas. We then calculated the total value of the ...
The Truth About The Worlds Oil Reserves: In Depth Look
Value Walk - 3/18/2012 11:58:22 PM
According to current estimates, more than 80% of the world’s proven oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65% of the OPEC total. OPEC Member Countries have made significant ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
He said global proved oil and natural gas reserves had been on an increasing ... which has alone generated almost half of the world's energy consumption growth over that period. Growth in industrialised countries has been relatively less energy ...
15 countries with biggest oil reserves
Rediff - 10/18/2011 5:22:59 AM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, the United States does not have overly large proven oil reserves ... unless protests spill over to disrupt production in larger oil-producing states like Saudi Arabia and Iran. (So you've finally decided to start investing. But what should ...
Top 10 Oil Reserves in the World
energydigital.com - 5/9/2013 11:57:45 PM
The country also contains oil sands deposits, less viscous than Canada ... Iran has about 150 billion barrels of proven oil reserves—roughly ten per cent of the world's total proven petroleum reserves. Iran is also the world's fourth-largest oil producer ...
FACTBOX-Oil reserves: declining - but how fast?
Reuters - 7/21/2010 9:42:14 AM
A declaration by Venezuela last week that it hopes soon to overtake Saudi Arabia as the country with the biggest oil reserves has stoked debate on how much oil and gas the world really has left. OPEC said last week its proven crude oil reserves ...
Iraq raises proven oil reserves figure by 25 percent
Reuters - 10/4/2010 5:17:19 PM
"The new proved reserves figure ... regardless of how well the country is functioning politically," he said. HOW MUCH OIL LEFT Iraq's reserves revision may revive debate about how much oil the world has left. Companies have made numerous ...