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
based on the ASX closing price of A$0.024 on May 14 th, 2013, the Company has a current market capitalization of A$67 million. SAMSON OIL & GAS LIMITED TERRY BARR Managing Director Statements made in this press release that are not historical ...
10 Countries With The Largest Oil Reserves
Yahoo! - 5/17/2013 6:54:46 PM
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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 ...
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.
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 Three Represents and the Scientific Concept of Development – Chinese Communist Party jargon that pays tribute to past leaders ...
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 ...
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 ...
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 ... is one of the most complicated issues in ...
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 ... countries including Japan, also support the view that exports will remain elevated for the foreseeable future. - We expect a 12% increase in ...
US boom transforming global oil trade
9News - 5/15/2013 10:21:44 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 ...
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 ...
Supply spike shifts global oil politics
Jackson Clarion-Ledger - 5/17/2013 6:01:40 AM
Developing countries ... more oil. • “It is impossible to ignore the possibility that current nonconventional technologies, as they spread and get both perfected and mainstreamed, could lead to a wholesale reassessment of global reserves ...
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 ...
Clash between Russian oil chiefs could undercut Putin ally
Reuters - 5/17/2013 2:29:55 PM
Igor Sechin, who has built oil company Rosneft into the world's largest with Putin's help, has pushed for an expansion of a pipeline "spur" to take more oil to China, a profitable alternative market to Europe where demand is falling. But on ...
Unproven U.S. Oil Reserves Far Greater than Originally Thought
National Center for Policy Analysis - 5/13/2013 12:32:58 PM
Advances in oil and gas extraction technologies are now allowing oil ... The industry is expected to grow for many decades as the proven reserves of America's shale gas formations continue to grow, notably in the Bakken and Three Forks shale formations ...