Senator Mark Ridley-Thomas Applauds Greater Baldwin Hills Alliance Oil Community Standards as “the Quintessence of Citizen Empowerment” for Development of Oil Field Community Standards.

North Dakota's Bakken Formation Oil Field may hold ten times more oil than all U.S. oil fields together, according to censor.net.ua. If this is confirmed will Bakken Oil Formation make OPEC irrelevant?

Brazil has discovered huge new petroleum reserves in its south that could turn the country into one of the biggest oil producers in the world, the government and its state-controlled oil company.

Energy experts from around the world have gathered in Houston for a three-day conference on the issue of peak oil, which involves predictions that world oil production will soon reach its peak and then go into decline. This could cause a global economic crisis since demand for energy is not expected to slow, but, in fact, is expanding rapidly.

Three Russian companies - Gazprom, Lukoil and Novatek - will participate in the fourth round of bidding for the right to operate oil fields in Libya, the National Oil Corporation (NOC) said Wednesday.

Exploration Drilling in OML137 Yields Two Discoveries in the Niger Delta.

On May 29th Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited announced that the 'Cordelia' oil discovery in ultra-deepwater Block 31, offshore Angola.

Russia and Syria are in talks on proposals for the development of oil and natural gas fields in Syria.

China National Petroleum Corp. or PetroChina confirmed last week that oil and gas reserves at its newly discovered Jidong Nanpu oilfield in northeastern China's Bohai Bay stands at 1.02 billion tons.