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

At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping ...

BOSTON – A major defense contractor is selling technology to a large oilfield services company that hopes microwaves will someday become a key tool in unlocking the vast but hard-to-extract oil ...

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 ...

The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics website shows. Image by BitsAndSplits ...