Berend van den Berg

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Turkey: welcome Big Oil | Financial Times

If hope and effort expended translated automatically into oil and gas reserves, Turkey would have been self sufficient years ago.<p>Sadly geology has …

The dark side to the South Korean miracle | Financial Times

South Korea is, in many ways, an incredibly impressive place. It was as poor as India in the 1950s, but now has wealth levels comparable to Spain or …

How US Shale Blew Up The Global Energy Market

"Currently, there aren't any projects that we know of where shale gas production would be profitable," Miller said. He added that "absolutely all the boreholes" in the U.S. are empty.<p>In the same article, published by Russia's state-sponsored outlet <i>Russia Today,</i> Vagit Alekperov, president of Lukoil, …

Russia

Oil sands country: Remote region at the heart of the Keystone controversy

While the possible construction of the Keystone XL pipeline has made for contentious disagreements from the halls of Congress to ranches in Nebraska, the real environmental debate begins in a place most Americans have never heard of.<p>Nearly 700 miles north of the U.S.-Canada border sits Fort …

The next decade could be disastrous for OPEC and Big Oil

Ed Morse, Citigroup’s top energy economist, has taken a fresh swipe at companies and countries that rely on the global petroleum edifice. With a typically vivid title—“The End is Nigh”—Morse argues in a new report that permanent changes in the ways we produce and consume energy are hollowing out …

Oil

How Big Are The Currently Known Oil Reserves And What Are The Chances Of Finding New Ones?

<i>Answer by Ryan Carlyle, BSChE, Subsea Hydraulics Engineer</i><p>This is not a simple question to answer. Sure, there are published reserves statistics, but those are <b>consistently wrong</b>, and for complex reasons.<p>Let me be clear — reserves figures are very accurate when used for their intended purpose. …