Julie

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China Will Soon Be Drilling A Third Of Iraq's Oil

Instead, many of Iraq's newest oil fields are now controlled by Chinese.<p>Iraq possesses the second-largest oil deposit in the world, in the West Qurna region. Forbes says the country could easily become the second-largest oil producer in the world after Saudi Arabia.<p>Only Exxon and Occidental have …

Oil

To Stem Fall in Oil Output, Alaska Seeks to Slash Industry Taxes

Facing a decline in oil production that threatens the state’s massive pipeline network, Alaska hopes a $1 billion-a-year tax break will boost the industry.<p><b>President Obama's budget proposal this week is likely to seek an end to federal tax breaks for oil and gas companies, attempting to revive a bid</b> …

The geographic proliferation of shale gas and tight oil is inevitable

This question keeps getting repeated: "Will shale gas and tight oil technologies proliferate beyond North America?"<p>Of course they will. There is no precedent for game-changing innovations in any business to respect territorial boundaries. So some remaining questions are, under what conditions will …

Oil & Gas Industry

Obama, Oil Baron?

Industry group ups its estimate of US natural gas potential by 26%.<p>The new report projects the amount of gas that can be recovered with existing …