This might be the year that the world fully realizes the significant contribution North America has made to the overall global oil supply, especially after the IEA claimed that the US would surpass Saudi Arabia as the largest oil producer around 2020.
The publisher of the Oil and Gas Investment Bulletin, talks about which junior oil and gas companies have the property and technology to profit from the ever-expanding frontier of land surrounding the Bakken formation.
Shale gas changed everything. Using hydraulic fracturing technology, North American gas producers over the past decade have unlocked trillions of cubic feet of new, unconventional gas reserves from shale.
Ivanhoe Energy Inc. (IE) signed a contract Wednesday with two Ecuador state oil companies to explore and develop a heavy-oil field in the Amazon Basin using its patented heavy-to-light upgrading technology.
Calls for national security to the contrary, America's appetite for energy is stronger than its caution. In the last 15 years, the United States has steadily increased its dependence on imported crude oil by some 60%.