Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at ...

The world’s largest crude reserves look like a geopolitical prize. But climate experts warn that tapping them at scale would ...

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to ...

The best that the GREEN movement has come up with for energy is wind and solar, but those renewables only generate ...

At-a-Glance: After separation and stabilization, crude oil is stored in engineered tanks (onshore tank batteries, terminals, or offshore FPSO/FSO tanks) and moved via pipeline, marine tankers/barges, ...

In the United States, crude oil extraction in the Midland and Delaware Basins seeks to increase efficiency with fewer drilling rigs by increasing production volumes. The company's EBITDA margin of ...