Azerbaijan is said to be birthplace of the oil industry as the first ever industrially drilled oil wells were dug in Azerbaijan in 1846, marking the start of a transformative era in energy.

First ever oil production expected this week when well goes on pump Pathfinder #1 well to be completed for oil and gas production in coming weeks: Greenhorn formation fracked and tested previously ...

If you're not sure why today's announcement from the Obama Administration about the first ... well as more reactions, after the jump. Saving $50 billion in fuel costs and over 500 million barrels ...