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, 2020See also: Oil - proved reserves map
How Realistic Are Libya’s 2022 Oil Production Goals?
Crude Oil Prices - 1/20/2022 11:45:00 PM
Libya has around 48 billion barrels of proved crude oil reserves – the largest in Africa – and before the removal of Gaddafi the country had been easily able to produce around 1.65 million bpd ...
ExxonMobil (XOM) Commits to Reach Net-Zero Emissions by 2050
Nasdaq - 1/20/2022 3:12:00 PM
Exxon Mobil CorporationXOM announced its pledge to achieve net-zero emissions from its operations by 2050. Energy companies have been under immense pressure due to the growing urg
Oil’s bull run rolls on despite possible China reserves release
The Gulf Today - 1/14/2022 5:51:00 PM
Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around ... constraints among OPEC+ countries come into focus.
Equinor (EQNR) Grabs Oil & Gas Production Licenses in Norway
Nasdaq - 1/21/2022 3:08:00 PM
Equinor ASA EQNR has been awarded 26 production licenses by the Norwegian Ministry of Petroleum and Energy in the Awards in Predefined Areas 2021. Norway awarded ownership interests in 53 oil and gas production licenses on the Norwegian Continental Shelf,
Kazakhstan unrest tests commodity power-house credentials
Hellenic Shipping News Worldwide - 1/10/2022 12:00:00 AM
With the world’s 12th largest proved reserves — around 30 billion barrels — oil output has tripled since ... Azerbaijan and the BTC pipeline. The country has grown to play an important ...
Libya’s Once-Great Oil Industry Is Facing A Plethora Of Challenges
Crude Oil Prices - 1/13/2022 10:25:00 PM
Libya’s oil industry has suffered for years through a civil war, political uncertainty, and a lack of investment, but there is still hope for the country ... the world’s largest crude reserves.
Oil & Gas Stock Roundup: Week's Action Highlighted by EPD and FTI
Nasdaq - 1/19/2022 2:23:00 PM
With the agreement, the oil and gas producer will add internally-estimated proved reserves of 5.5 million ... s exploration and production in the country. You can see the complete list of today ...
From gas pipelines to Bitcoin mines: why Kazakhstan upheaval could have global implications
Sky - 1/9/2022 8:13:00 PM
As important as the country's production and reserves is where it sits in the world. Kazakhstan is criss-crossed by oil and gas pipelines ... But Kazakhstan has proved something of a graveyard ...