Africa’s “Big Five” – Nigeria, Libya, Algeria, Egypt and Angola – currently account for 85% of the continent’s oil and production. But (once again) oil companies are pushing east to explore new production sites. Will they succeed where their predecessors have failed? Within Africa’s 54 sovereign states lies 8% of the world’s estimated oil reserves.  [...]

On May 15th, the U.S. was given an assignment to create a contingency plan for oil and gas spills in the Arctic. Seven other Arctic Council nations – Canada, Denmark, Finland, Iceland, Norway, Russia and Sweden – have to do the same. The need for such a strategy first surfaced due to the Macondo blowout [...]

The Doha Climate Talks are now in session. It’s the first time the negotiations are being held in the oil-productive Middle East. Yes, the meeting’s trying to be more enviro-savvy with it’s “paper-smart,” initiative by limiting the usually endless stacks of printed documents. And yes, participants are already eager to hear an update on the progress [...]

Before the close of the decade, the United States could become the world’s top producer of oil and natural gas. According to the International Energy Agency (IEA), increasing domestic production combined with domestic energy efficiency could leave the country “all but [energy] self-sufficient.” The U.S. could even become a net oil exporter by 2030, shifting [...]

For good or bad, from 1980-2010, North America lost some of its oil production edge. Thirty (two) years ago, this region of the world represented 20% of the world’s crude oil production. But, according to a recent report by the U.S. Energy Information Administration, North America has been slowly losing its market share. In 2010, the [...]

The world’s level of dependence on petroleum for its transportation needs is concerning for a number of reasons, including the reliability of this energy supply. Even with recent reductions in fuel imports, half of the oil used in the U.S. transportation sector today is produced in other countries. This introduces questions regarding the reliability of [...]