Author : EconomyWatch

As of January 2009 new technologies are being implemented in UK oil and gas industry. These methods are being used in order to bring down expenses involved in discovering...

Oil countries include both importers and exporters (producers) who regulate the demand and supply chain in the international market. Oil Countries: Major Producers As per US government data published...

Crude oil benchmarks are reference points for the various types of oil that are available in the market. Also known as oil markers, crude oil benchmarks were first introduced...

Crude oil has withstood the test of time, with its oldest oil bearing rocks dating back to over 600 million years. Its chemical composition and usage are varied. Its...

Brent crude is one of the most important crude oil benchmarks. This benchmark oil is an amalgamation of crude oils from fifteen different oil fields in the Ninian, Cormorant,...

Oil and Gas in the World Economy Oil and gas are critical to the global economy and governments and individuals are increasingly turning their attention to their production and...

Oil sands are a mixture of sand, water, clay and a highly viscous, dark and tar like petroleum substance called bitumen. Here are some facts about bitumen: comprises polycyclic...

Nexen, a major independent company of Canada oil and gas industry declared on 22nd January 2009 that its oil sands project at Long Lake has started to produce synthetic...

Current oil prices are influenced by the strength of the global economy. The economic crisis of 2008 has affected the current oil and natural gas prices, bringing them down...

As per latest reports from Australia oil and gas industry, Santos, which is third biggest producer of oil and gas products in that country, has announced a drop of...