As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

Nature has been transmuting dead life into black gold for millions of years, using little more than heat, pressure and time, scientists tell us. But with gas prices spiking more than $1 per gallon in ...

Energy is a hot topic all over the world, but especially in the Middle East. The region’s economies have been heavily dependent on fossil fuels to meet global energy needs thanks to a unique set of ...

HOUSTON, Nov. 10-- Occidental Petroleum Corp., Mubadala Development Co., and the National Oil & Gas Authority of Bahrain (NOGA) have formed a joint operating company to further develop Bahrain field.

Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly. Although it sounds too good to be true, ...