In this post I present an updated view on Norwegian crude oil exploration, sanctioned developments, discoveries, production, reserves and what these now suggest for the future of Norwegian crude oil production.

The content for this post was originally published in Norwegian (read more)

U.S. 'dirty oil' imports set to triple

NEW YORK (CNNMoney) -- U.S. imports of what environmentalists are calling "dirty oil" are set to triple over the next decade, raising concerns over the environmental impact of extracting it and whether pipelin (read more)

The very size of oil reservoirs in Saudi Arabia means that as the dominant method of water flooding is used to sweep oil to the producing wells, not all the oil in place migrates as hoped. Some remains in place and this makes up a very significant volume of possibly lost production. This is particularly true in reservoirs such as the Hanifa and (read more)

In the last post I discussed how changing technologies were improving the recovery of the final significant volumes of oil from Abqaiq. New technologies have also brought additional life to the Berri field, which lies along the coast north of Abqaiq. Be (read more)

(read more)

White House Promotes a Bioeconomy

The Obama administration is expected to announce a broad plan on Thursday to foster development of the nation’s “bioeconomy,” including the use of renewable resources and biological (read more)

Michael Ross talks to Viv Davies about his recent book ‘The Oil Curse: How Petroleum Wealth Shapes the Development of Nations’. They discuss the irony of how those countries with the greatest social and economic deficits are also the most vulnerable to the oil curse and as a result grow less quickly than might be expected given their wealth. (read more)

Smart-Meter Defiance Slows $29 Billion U.S. Grid Upgrade

A growing consumer backlash against new wireless digital technology for measuring power usage is slowing U.S. utilities’ $29 billion effort to upgrade their n (read more)

There is a real, practical limit to the amount of oil that can be recovered from a reservoir. Depending on the availability and economic viability of different technical approaches that limit might be less than 25% of the total volume of oil originally in place, or it can be more than 50%, as has been achieved in some of the fields in the King (read more)