Exploration for hydrocarbons (oil, gas, and condensate) is commonly acknowledged to have begun with the discovery at Oil Creek, Pennsylvania, by "Colonel" Edwin Drake in 1859. However, this was only the start of the modern global era of...

The petroleum industry operates on the petroleum market. Petroleum is vital to nearly all other industries, if not industrialized civilization itself, and thus is critical concern to many nations. Oil accounts for a large percentage of the world’s...

The chairman of a Chinese private oil company association has been detained for suspected economic crimes, a company controlled by the tycoon said Tuesday.Gong Jialong, chairman of the Great United Petroleum Holding Co., was detained by police amid an investigation into unspecified economic crimes, Tianfa...

<b>MewithoutYou: Philadelphia-based band gives the finger to the petroleum industry by filing up on veggie oil</b>As a gas prices skyrocket, so does the cost of a band’s cross-country tour — unless you’re mewithoutYou, a band that uses vegetable oil to fuel its bus. The Philadelphia-based...

A look at Nigeria, which holds presidential elections Saturday:___GEOGRAPHY: Twice the size of California, with an area of nearly 360,000 square miles. It is set on the Gulf of Guinea on the West African coast and borders Cameroon, Chad, Niger and Benin. Terrain ranges from...

Texas' Hunt Oil Co. and Kurdistan's regional government said Saturday they've signed a production-sharing contract for petroleum exploration in northern Iraq, the first such deal since the Kurds passed their own oil and gas law in August.A Hunt subsidiary, Hunt Oil Co. of the Kurdistan...

Provides a history and economic overview of the oil industry. Explores the influence the industry has on world events.