Colombia, once the domain of guerillas and drug traffickers, has opened up to investment and is now poised to add reserves through an aggressive exploration program, having recently surpassed 1 million barrels a day.
Oil prices are down 2 percent as an oversupplied market, urged on by oil being injected into TransCanada's Keystone XL pipeline.
Brent crude futures climbed to a one-week high on Monday after economic data hinted that November saw a growing manufacturing sector in China, Europe and the United States.
Over the weekend, the world changed.
An exciting period of growth has hit oil exploration and development in North Africa.
Chen Lin, author of What is Chen Buying? What Is Chen Selling?, goes wherever he sees returns. In the summer, he bought mining stocks when the yellow metal hit $1,200 per ounce. Now, he's trading in his gold names and moving into the fracking space after a three-year hiatus. In this interview with The Energy Report, Lin names the companies he's buying to play a likely energy sector bottom and tells investors to actively manage their portfolios in the coming stock-picker's market.
For the first time since July, oil futures are down below $100 per barrel.
Below are the top 10 oil companies of 2012, ranked by daily production.
An economic recovery that isn't one. A civil war that isn't one. Cheap oil that is no more. According to Bob Moriarty, resources remain one of the few absolutes in the world. In this The Energy Report interview, Bob explains why he's sticking to resources when many investors are turning to the mainstream markets, and shares long-term opportunities for shale oil in New Zealand and coal bed methane in Indonesia.
Not all oil fields are accessible from dry land. When energy companies need to extract oil from underwater fields, they look to offshore drilling techniques.