Extension of the 4.5 billion barrel Franco field is confirmed by the latest discovery from Petrobras. The company is also looking to drive production growth with its prolific pre-salt prospects.
Some junior oil companies are looking to prove that they can hang with the big boys in the Alberta Oil Sands.
The Bakken Shale is fueling an upturn in fortunes for the US oil industry and could be the prime driver of oil production growth in the US over the next decade.
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
A look at some of the most actively traded junior oil exploration stocks on the TSX Venture Exchange in 2011.
WTI-Brent crude price spread the story of 2011 for oil.
Sandwiched between a recent discovery to the East, the world’s largest reserves of crude oil to the West and with their maritime border dispute resolved - Guyana and Suriname have started to attract a lot of exploration interest.
Although Chevron was fined $28 million and had its drilling rights in Brazil suspended for the recent offshore oil spill at their Frade field, some industry experts suggest the company will be able to avoid a long-term ban.
Enbridge acquire stake in a key Cushing-Gulf Coast pipeline after TransCanada’s Keystone XL pipeline ambitions are dealt a blow.
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