Iran: OPEC will study currency basket 11/25/2007
OPEC will study the weak U.S. dollar's effect on the oil cartel's earnings and investigate the possibility of a currency basket, Iran's oil minister said Nov. 18. "We have agreed to set up a committe...

EIA forecasts increasing oil, natural gas prices 08/19/2007
The U.S. Department of Energy's Energy Information Administration said Aug. 7 that significant crude oil price increases over the last two months are "the result of increasingly tighter world oil mark...

Triple play in Canada's oil sands 08/05/2007
Royal Dutch Shell launches 400,000 bpd upgrader plans; Marathon bids to acquire Western Oil Sands and enter upstream
The giant Athabasca Oil Sands Project is moving from Canadian to international control, with three deals carrying a combined value of up to C$38 billion getting unveiled July 30 and 31. Royal Dutch S...

Oil price futures up, gasoline futures fall 06/10/2007
Gasoline futures fell June 6 after the government reported an unexpectedly large increase in gas inventories and a surprising decline in refinery utilization. Oil futures jumped when news broke that...

Canadians forging ahead in foreign fields 04/29/2007
Oil and gas companies push the envelope in high-risk regions; 75 firms produce 835 barrels of oil, 2.1 bcf of gas on daily basis
They might have only an office, a mailing address and a telephone number, but they call Calgary home while they poke, probe and prod their way around some of the world's most remote, risky corners. Th...

Royal Dutch Shell quiet on Mackenzie 03/25/2007
Now that it has the assets of Shell Canada in its grasp, Royal Dutch Shell sees the takeover as an opportunity to "create an integrated unconventional oil business on an international scale," said C...

Alberta oil sands turning gritty 02/18/2007
BP has no interest in joining upstream; Petro-Canada fails to attract 'value' bids for leases; Alberta government land sales returns decline from C$128 million from C$846 million at the same time last year; analysts think mood has turned cautious
BP is sticking to an old refrain - it has no interest in establishing a base in the Alberta oil sands. Petro-Canada has lent weight to a growing school of thought - the appetite for oil sands assets...

Shell Canada in whirlwind 02/18/2007
Haggling persists over parent takeover bid; sands partner explores options
Normally a low-key operator in the Canadian oil patch, Shell Canada finds itself being tugged in all directions these days. Caught in an increasingly turbulent takeover bid by its parent Royal Dutch...

MEET ALASKA 2007: ANWR drilling hopes dim in new Congress 01/21/2007
Weak numbers, lack of imagination will hamper Democrats in efforts to pass legislation for or against Arctic drilling legislation
Forces amassing to push legislation through Congress that would open the coastal plain of the Arctic National Wildlife Refuge to oil and gas drilling likely will encounter the same roadblocks in the...

Report: BP ignored big safety issues 01/21/2007
British oil company BP failed to emphasize safety at its U.S. refineries before the 2005 Texas City explosion that dilled 15 people, according to a report released Jan. 16 by an independent panel led...

Patrolling the Arctic 11/05/2006
Unmanned aerial vehicles studied for use in monitoring of remote Arctic seas
With heightened interest in offshore oil and gas exploration coinciding with elevated awareness of the need to protect marine wildlife, oil companies are scrambling to find ways of meeting government-...