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Crude oil News

Algae converted to crude oil in less than one hour

Scientists have replicated the process whereby fossil fuels were created. Instead of this taking several millennia the process has been completed in under sixty minutes.
In the Media by Tim Sandle - 12 comments

Canadian train derails, 575 barrels of crude oil spilled in Sask.

A train derailment in the Canadian province of Saskatchewan has lead to an oil spill. Five cars carrying oil derailed near the town of Jansen but just one spilled oil. The amount spilled was 575 barrels of Western crude.
In the Media by Marcus Hondro - 1 comment

Keystone not likely to impact rate of development of oil sands

Washington - The US State Department released its "Draft Supplemental Environmental Impact Statement" on the XL Keystone pipeline. The report finds that denial or approval of the pipeline is unlikely to significantly impact the rate of development of the oil sands
In the Media by Karl Gotthardt

Azerbaijan offers crude oil bathing treatments to treat illness

Baku - Oil rich Azerbaijan has so much black gold floating around that petroleum spas offer expensive treatments where the wealthy immerse themselves in baths of crude oil.
In the Media by Katerina Nikolas - 2 comments

Oil prices reach a 2.5-year high amid Middle East turmoil

Oil prices hit a two-and-a-half year high on Thursday, but pulled back late in the session. Brent crude closed at $111.36, up 11 cents while West Texas crude, the US benchmark, closed at $97.28, down 82 cents.
In the Media by Garry Malloy

International Energy Agency calls for an end to oil subsidies

London - The International Energy Agency (IEA) has released its World Energy Outlook 2010, forecasting energy use, production, investment and trading into 2035. The Agency has zeroed in on greenhouse gas emissions.
In the Media by Stephanie Dearing - 1 comment

Ecuador comes up with unique oil plan - leave it in the ground

Quito - Ecuador has as-yet untapped crude oil resources, and an estimated 846 million barrels lie below a very special place called the Yasuni National Park.
In the Media by Stephanie Dearing - 3 comments

Scientist plans to put crude into Arctic ocean to test clean-up

The Department of Fisheries and Oceans is behind a plan to dump up to 1,200 liters of crude oil in the Arctic Ocean in a bid to test clean-up responses.
In the Media by Stephanie Dearing - 7 comments

450,000 Gallons of crude oil spilled into Port of Port Arthur

A tank ship filled with crude oil collided into two barges being towed by a tug boat, which saw 450,000 gallons (1.7 million liters) of crude oil spill into Port of Port Arthur.
In the Media by Andrew Moran

Revolutionary discovery means world may not run out of crude

A team of scientists based at the Royal Institute of Technology in Sweden have made a "revolutionary" discovery about how hydrocarbon is formed, learning that animal and plant fossils are not necessary to form crude oil.
In the Media by Stephanie Dearing - 10 comments
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