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Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude.
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Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.
Mars Tension-leg Platform Mars Tension-leg Platform showing damage from Hurricane Katrina (2005). Mars is a permanent offshore drilling and production tension-leg oil platform (TLP) operating in Mississippi Canyon blocks 762, 763, 806, 807, 850 and 851 in the Gulf of Mexico and was approved by the MMS in December 1992 with production beginning on July 8, 1996. [1]
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector.
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