Iran Oil Production Drop Seen
Thursday, May 17, 2012 - A 12 percent decline in the first three months of the year is at odds with Iran’s assessment that there has been no significant change in output over the past year.

Oil and Gas Production in Australia Industry Market Research Report Now Updated by IBISWorld
Thursday, May 17, 2012 - Australia's oil production is wavering but gas output, including coal seam methane, is growing strongly. In 2011-12, the Oil and Gas Production industry's revenue is expected to increase as higher prices and increased natural gas output more than offset a fall in crude oil production. Oil prices are expected to increase strongly in US and Australian dollars. Revenue gains in the past two years ...

Canadian oil production could hit 6 million bpd by 2020: CIBC
Thursday, May 17, 2012 - Canadian oil production could rise by as much as 2.5 million barrels per day by 2020, blowing past previous forecasts, according to a CIBC report published Wednesday

Brazil Navy investigates new oil spill off coast
Thursday, May 17, 2012 - BRASILIA (Reuters) - An oil spill was discovered off Brazil's coast near the country's Espirito Santo state, Brazil's Navy said on Thursday, the latest in a series of spills that have raised questions about the safety of a massive expansion of the country's oil production capacity. The Navy said it has sent a team to investigate and has no immediate estimate of the leak's size. Petrobras ...

Drill Baby Drill, Obama Tells Oil
Thursday, May 17, 2012 - After a drumbeat of complaints from energy producers that the Obama administration is blocking domestic oil and gas production, the Interior department released a report claiming that U.S. oil and gas producers are sitting on millions of acres of idle government leases.

Security clouds speedy Libya oil recovery
Thursday, May 17, 2012 - TRIPOLI (Reuters) - Increasing insecurity and disruptions are overshadowing Libya's speedy return to pre-war oil production, delaying much needed foreign expertise and investment as well as threatening output. Libya, with Africa's largest oil reserves, is nearing pre-conflict production of 1.6 million barrels per day, exceeding initial forecasts after last year's uprising against Muammar Gaddafi ...

What the oil industry wants — in charts
Wednesday, May 16, 2012 - In many ways, life has never been better for the U.S. oil and gas industries. Production is up , thanks to new fracking technology. Profits are high. There’s little chance Congress will cap carbon emissions anytime soon. What more could they ask for? Read full article >>

SOCO triples oil production in year to date
Wednesday, May 16, 2012 - Production levels soared at oil and gas producer SOCO International in the first four months of the year.

North Dakota Moves to Second in Nation in Oil Production
Wednesday, May 16, 2012 - Oil production in North Dakota hits a huge milestone... North Dakota is now the nation's second-leading oil producer. It's a ranking North Dakota Oil and Gas experts have had their eye on, but had no

IMF paints grim picture for oil future
Tuesday, May 15, 2012 - WASHINGTON, May 15 (UPI) -- Incremental increases in global oil production may translate to a doubling of oil prices by the next decade, the International Monetary Fund warns.