Topic: Oil Production and Refining
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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World's five largest companies
For the first time in nearly a decade, the world’s five largest public companies are all American affair These are the Top 5, as of mid-April 2013.
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Five energy challenges for Venezuela
With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
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Fracking. Tight oil. Do you know your energy vocabulary?
Test your energy literacy with the Monitor's energy vocabulary quiz.
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Top 10 richest Americans
The 100 richest people in the world gained $241 billion in net worth last year, according to Bloomberg's Billionaires Index. Americans dominated the list, occupying five of the top 10 spots. This countdown of the top 10 wealthiest Americans features a casino mogul, software tycoons, and a lot of Wal-Mart money.
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Energy Voices Oklahoma tornado: Energy dodges a bullet
A devastating Oklahoma tornado left a trail of destruction Monday. How and why did the state's vast oil and gas infrastructure emerge seemingly unscathed from the Oklahoma tornado?
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Energy Voices When oil forecasts get it wrong
Oil forecasts fail so often that it's puzzling that the media, governments, corporations, and the public put so much faith in them, Cobb writes. Those whose plans were based on the IEA's 2000 oil forecast were completely blindsided by developments just a few years later.
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Energy Voices Canada boosts advertising budget for tar sands, Keystone XL
Canada has increased their expenditure on advertising for tar sands and the Keystone XL pipeline from $9 million in 2012, to $16.5 million in 2013, Peixe writes. The advertising campaign is targeted at Obama administration officials, hoping to sway their opinion on Keystone XL.
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Energy Voices How will the US capitalize on its oil boom?
Oil production is surging in the US, sending supply shockwaves through world markets. The US could become the world leader in more ways than one, Graeber writes, but only if it opens its oil spigot.
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Energy Voices Oil boom boosts US, but Europe could see decline
The benefits of the North American oil boom on this side of the Atlantic are well-documented – and the same technologies might help developing nations. But Europe's energy industry, which separately became a target of a price-fixing investigation, could emerge as a loser.
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Energy Voices Nigeria oil production slides amid unrest
Nigeria relies almost exclusively on its energy sector for export earnings and 75 percent of federal government revenue, Graeber writes, but a long record of corruption, militancy and banditry has clouded Nigeria's oil prospects.
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Energy Voices US oil boom means oil prices must drop, right? Wrong.
Even though production of oil from new fields in the U.S. is booming, there is a consistent decline in production from old fields around the world, and OPEC members have not increased production. Meanwhile, though demand for oil is falling in the US, it continues to grow around the world.
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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Energy Voices Oil companies near multi-year highs. Still undervalued.
Oil companies should no longer be valued by their reserves. New drilling technologies like fracking and horizontal drilling mean oil companies operate more like advanced manufacturers, which have much higher price-earnings ratios.
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Energy Voices What determines energy abundance? Flow.
Energy abundance depends entirely on the rate of the flow of oil, gas and other resources, Cobb writes. It is not, as many suggest, dependent on supposed, but often unverified, fossil fuel reserves in the ground.
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Energy Voices Fuel barge explosions underscore risks of fuel transportation
Alabama's fuel barge explosions were nothing more than an unfortunate accident, reports suggest. But the fuel barge explosions serve as a reminder that the distribution of often volatile energy resources comes with certain risks.
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Exxon Mobil earnings up despite drop in oil, gas production
Exxon Mobil announced a rise in earnings in the first quarter despite a decline in production of oil and gas. Profits from chemicals production and lower taxes helped Exxon Mobil offset the drop in oil and gas production.
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World's five largest companies
For the first time in nearly a decade, the world’s five largest public companies are all American affair These are the Top 5, as of mid-April 2013.
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Energy Voices House aims to expand oil drilling in Gulf of Mexico
Members of the US House of Representatives last week proposed legislation that would open up more areas for oil drillers offshore, Graeber writes. Lawmakers say getting more work done in the Gulf of Mexico would ensure energy independence.
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Energy Voices How oil exporters reach financial collapse
High oil prices are good for oil exporters while low oil prices are good for oil importers, Tverberg writes. The result is a price tug of war between oil importers and oil exporters.
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Energy Voices New technology could mean tar sands production in US
The US Department of Energy has unveiled a new technology that can be used to make US oil sands and heavy oil economically viable for refining.
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Energy Voices How North Sea oil helped Margaret Thatcher
While Margaret Thatcher was reforming Britain's economy, new oil discoveries in the North Sea were turning the nation into an energy powerhouse. The surge in resources and employment softened the oil-price shocks of the late 1970s and helped Prime Minister Thatcher pull the country out of economic stagnation.
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BP trial witness says well 'drilled safely' in Gulf oil spill
BP called its first witness Monday in the trial over the deadly Deepwater Horizon disaster. The witness, a retired petroleum engineering professor, said BP safely drilled its Macondo well in the Gulf of Mexico before an April 2010 blowout triggered the worst US offshore oil spill.
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Energy Voices Alberta mulls new emissions rules to allay Keystone XL pipeline concerns
Alberta is considering new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40 percent per barrel, Graeber writes. The measure may be part of the government's push to allay Washington's concerns about the Keystone XL pipeline.
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Energy Voices Despite public support for Keystone XL pipeline, activists step up criticism
The Keystone XL pipeline draws support from two-thirds of Americans, according to a new Pew poll. Activists plan protest at Obama fundraiser in San Francisco as they press on with efforts to block the Keystone XL pipeline.
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For Keystone XL foes, oozing Canadian crude in Arkansas spill is black gold (+video)
Thousands of barrels of Canadian crude spilled from an ExxonMobil pipeline in Arkansas Friday. Opponents of the proposed Keystone XL say the black goo in backyards makes their case.
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NASA climate scientist James Hansen retires to join global warming fight full time
James Hansen, a devoted activist against climate change, announced his retirement from NASA's Goddard Institute for Space Studies and plans to challenge federal and state governments over carbon dioxide emissions.
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Energy Voices Oil supermajor drops out of Canadian tar sands project
Total SA, a French oil supermajor, will sell its 49 percent stake in a Canadian oil sands project. The sale raises questions about whether the controversial Keystone XL pipeline project is really in the US’ interests, Alic writes.
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Energy Voices Pipelines can't keep up with North American oil boom
The oil boom in North Dakota and Western Canada is overwhelming pipeline capacity, Graeber writes. Shipping more oil by rail could help ease the glut.
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Energy Voices Behind the oil boom lurks oil well depletion
Recent oil discoveries sound large, Cobb writes, but, when put into the context of how much we consume, they won’t extend the oil age by much. Current oil wells are constantly being depleted.
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