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, 2014See also: Oil - proved reserves map
Oil reserves in danger of depletion as exploration stalls
The Jakarta Post - 7/26/2016 10:10:56 AM
Indonesia’s oil and gas sector is facing a grim future as plunging energy prices have forced companies to curb exploration activities while the country’s proven reserves continue ... Blackberry World or Microsoft's Windows Store. Subscription includes ...
No One Knows How Much Oil Is Being Stored Around the World
MIT Technology Review - 7/24/2016 11:56:30 PM
Many countries ... of heating oil, diesel fuel, and gasoline to stay predictable, that could be cause for concern. The countries keeping mum about their reserves, however, might see their secrecy as giving them an edge in an unpredictable world.
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report U.S. 2014 reserves. Most of this increase is light tight ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 5:07:16 AM
The EIA publishes Annually a list of World ... reserves the country possesses. Even the US has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report US 2014 reserves. Most of this increase is light tight oil ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 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.
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion barrels at ...
Marathon Oil Gets Creative to Boost International Production
The Motley Fool - 7/25/2016 8:20:34 PM
In fact, the country provides the majority of Marathon's natural ... To be more specific, this adds approximately 130 million barrels of oil equivalent of proven reserves, which doubles Alba's remaining reserves. Marathon's latest acquisitions and ...
50% Of Proved Oil Reserves May Have Just Vanished
Yahoo Finance - 4/27/2016 9:23:10 PM
According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new ...
Pro-Canadian oil group's plan to use 'hot lesbians' to turn public opinion against Saudi Arabia backfires
New York Daily News - 7/26/2016 3:25:54 PM
A Canadian group advocating for its country's development ... TransCanada says 16,800 gallons of oil leaked in S.D. spill After Venezuela and Saudi Arabia, Canada has the third largest crude oil reserves in the world, yet according to National Resources ...
Marathon Oil Announces First Gas from Alba B3 Compression Platform
GlobeNewswire - 7/14/2016 6:28:57 AM
Production from the B3 platform allows Marathon Oil to convert approximately 130 million barrels of oil equivalent of proved undeveloped reserves, more than doubling ... engineering and construction in four countries with Heerema Fabrication Group (HFG ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
The U.S. Energy Information Agency (EIA) just reported that United States “proven reserves ... that control all oil development within a country. Unlike private companies, the World Energy Outlook 2010 warned that NOC “reserve” statements: often ...