Phosphoria has almost completely exhausted its hidden oil reserves, while a final gas field is redefining the energy future.

A new government study released today estimates that the amount of recoverable oil in the Bakken Formation in North Dakota, South Dakota and Montana (see map above) – at 7.4 billion barrels – is more ...

Scientists seeking to unravel the details of how plants produce and accumulate oil have identified a new essential component of the assembly line. They discovered a particular sterol -- a molecule ...

Estonia has no industrial oil reserves due to geological conditions that prevent its formation and accumulation, says University of Tartu professor Leho Ainsaar. Although Estonia's bedrock contains ...

In the Great Slave Lake area 540 miles north of Edmonton, where Canada’s timberlands fade into bleak muskeg swamps stretching northward toward the pole, the signs of oil are as persistent as the ...