Crude Oil category
Crude oil exploration news company and industry, also information on crude oil prices, future oil price, crude oil market and trading, merger and acquisition, drilling program, crude oil prices history chart.
British Oil Exploration Drilling Falkland Island
Tuesday, February 23rd, 2010British oil exploration company began drilling near the Falkland Islands, a development that could worsen tensions between Britain and Argentina, which fought a war over the disputed islands nearly three decades ago. Desire Petroleum PLC said it started drilling for oil about 60 miles (100 kilometers) north of the disputed Falkland Islands, despite strong opposition [...]
Tags:british oil, oil drilling explor, oil exploration, uk oil
Crude Oil Drilling History
Thursday, February 18th, 2010Oil was known in the ancient world and had several uses. Usually found bubbling up to Earth’s surface at what are called oil seeps, oil was used primarily for lighting, as a lubricant, for caulking ships (making them watertight), and for jointing masonry (for building). The Chinese knew and used oil as far back as [...]
Tags:drilling equipment, oil drilling, oil news, oil production, petroleum drilling
Oil Prices supported by Economic growth in Japan
Monday, February 15th, 2010Oil prices hovered above $74 a barrel Monday, supported by strong economic growth in Japan but held in check by a stronger dollar. Trading volume was light, however, due to holidays in Asia and the United States. By mid-afternoon in Europe, benchmark crude for March delivery was up 13 cents at $74.26 a barrel in [...]