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IEA Executive Director Fatih Birol told oil E&P leaders at the IHS CERAWeek conference to invest now to prevent an oil supply shortage in several years.

The Austin Chalk play could go through a revival if the industry can view the formation through “a fresh set of eyes,” says EnerVest’s Tony Maranto.

Industry CEOs examine the role of global trade with the UK Minister for Energy and Industry.

Getting a good well for a field test can make or break a new idea. A government backed research group in Saskatchewan is offering up to CAD 100,000 break on royalty payments to test ways to extend the life of conventional, heavy-oil fields.

To meet its projected oil demand in 2040, Mexico must see about USD 30 billion/year in upstream investment. BHP Billiton’s contract signing with Pemex represents a step in the needed direction.

Russia has looked to the east to find more oil and gas, growing markets and investor support, allowing it to shrug off the global slump and trade sanctions.

If a boom in electric vehicle sales takes place, a group of auto experts suggest it would represent a larger immediate threat to electricity supply than it would to oil demand.

The deal will transfer nearly 2 billion bbl of reserves to Canadian Natural Resources while bolstering Shell's downstream and carbon-capture role in support of oil sand development.

At IHS CERAWeek, Saudi Arabian Energy Minster Khalid A. Al-Falih and Pemex Director General José Antonio González Anaya expressed cautious optimism for the short-term outlook.

The new head of ExxonMobil used his first major public appearance to emphasize the major oil company's committment to environmental concerns through the development of emerging technologies.

Opportunities to convert gas or natural gas liquids into high-octane gasoline blending stocks could contribute to growth in US natural gas demand.

The CEOs of Petrobras and Statoil discuss the challenges their companies face in enacting economically and environmentally sound operational policies.