The North American oil market is going through a fundamental change that will affect the price of oil for the rest of this decade—fast-rising shale oil supplies from North Dakota and Texas. (Other shale oil plays will contribute as well, but none will come close to the revolution happening in...

With all of the attention that has been focused on the Bakken in North Dakota and the Marcellus shale in the Mid-Atlantic, it is easy to forget that California is one of the top oil producing states in America.

Legislation has recently been drafted that would alter the process of hiring inspectors and increase discussion related to drilling operations.

The Offshore Oil Business Is Crippled And It May Never Recover How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price? Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...

The volatility in oil over the last two weeks has been gut wrenching. But an OPEC deal to limit oil production was reached.  The Saudis and the Iranians have always been the stumbling block for such a deal. Why did the Saudis cave now?  I would give two reasons: Last month they...

Research firm Macquarie Equities Research lowered its recommendation for junior oil and gas company Cequence Energy (CQE:TSX) to NEUTRAL from OUTPERFORM and increased its target share price to C$4.50.

by Elizabeth Lappin, P.Geo Elizabeth is the Geothermal Ambassador Coordinator at CanGEA, and the Founder of Castle Rock Consulting Ltd.  Alberta’s oil and gas wells produce thousands of barrels of water each day. This water is considered a waste by the oil patch, and operators pay to send it away by...

he National Petroleum Council (NPC) issued a report to Energy Secretary Steven Chu on September 14 stating that oil fields in the United States could one day produce as much crude oil as Venezuela.