Occidental Petroleum and Ecopetrol plan to drill Komodo-1, the world's deepest offshore oil well, off Colombia's waters, reaching a depth of 3,900 meters. Improvements in marine-seismic technology ...

The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. Turning to the United States ...

How does the strategic petroleum reserve work? Does the government buy oil at market prices, then sell it back at the same price it bought it when there is a shortage? Or is it given away? How do ...