Mexico’s Cantarell field decline deferred to 2006
The head of exploration and production at Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said Thursday that the decline of the country’s biggest oil field has been delayed until 2006.
New Zealand: Government about to make a monumental mistake
It is clear that policy makers, Government bigwigs, ostentatious self-promoting Mayors and general associated ignorami are about to make an error of monumental proportions. The mistake involves the gross misappropriation of public funds to build roading systems in Auckland and throughout NZ that in all likelihood will be empty of drivers early next decade.
Defending money
While money creates dreams, only abundant energy gives humans the power to realize those dreams. …and the world is running out of “sweet”, cheap oil.
Australia: Oil: Living with Less
Dr Malcolm Riddoch reports from a conference entitled Oil: Living With Less which featured Dr Ali Samsam Bakhtiari, which took place in Western Australia ealier in the week.
UK net oil importer for first time in decade
Britain became a net importer of oil in June for the first time in 11 years, official data showed on Tuesday. As the UK is expected to become a net gas importer as early as next year, it is building liquefied natural gas import terminals. The UK also intends to increase renewable share of power generation to 20 per cent by 2020.
Squeeze Play! Energy’s Perfect Storm
The cost and availability of oil will be impacted by “peaking”; natural gas supply will fail to meet production and supply demands; nuclear offsets aren’t being addressed and the failure of transmission lines to be replaced or upgraded are all rapidly coming together in a short period of time and will cause rocketing prices and supply disruption.
Sudan Accuses West of Seeking Its Oil and Gold
KHARTOUM, Sudan (Reuters) – Sudan’s president Thursday accused the West of exploiting the Darfur conflict in the hope of seizing the country’s gold and oil, but Washington replied its only aim was to halt mass murder and starvation.
Nuclear plants bloom
Nuclear power is back on the march. Reviled and rejected for 25 years as man’s most dangerous and unsustainable fuel source, its friends are now billing nuclear power as the only practical way of countering climate change, oil shocks and landscape destruction in the west.
Global Oil Demand Expected to Exceed Forecasts, Report Says
Global oil demand is expected to be higher in 2004 and 2005 than initially forecast, increasing pressure on oil producers to boost their output at a time when rising oil prices may hurt a recovering world economy.
Putin Finding Power in The Pump
Oil Seen as Creating New Oligarch Class. As the Russian state launched its legal campaign against oil tycoon Mikhail Khodorkovsky last summer, many allies and enemies of the government saw the fingerprints of a mysterious Kremlin aide, Igor Sechin.
Iraqi workers halt station pumping oil to Baghdad
Workers at an oil pumping station in southern Iraq said on Wednesday they have stopped operations to protest the government’s backing of the U.S. offensive against followers of rebel cleric Moqtada al-Sadr.
OPEC has now reached maximum production capacity – Venezuela
The Organization of Petroleum Exporting Countries (OPEC) has reached its maximum production capacity, Venezuelan Energy Minister Rafael Ramirez said
