State steps in for Yukos oil unit
Russia’s state owned oil firm Rosneft has bought the mystery winner of Yukos’ prize production unit in a move that nationalises 11% of the country’s oil output even as a legal battle rages in America over the sale.
Oil
Enbridge May Offer China Oil-Sands Pipeline Stake
Enbridge Inc. may offer an equity stake in a Canadian oil sands pipeline to a Chinese investor, but is concentrating efforts on attracting shippers for the C$2.5 billion ($2 billion) proposal, a spokesman said on Thursday.
Market edges closer to breaking points
When I went to work for Mobil Oil in 1966, M. King Hubbert’s prediction that Lower 48 crude oil production would peak in 1970 was controversial. Debate over the timing of the peak in global oil production can be taken as an indicator that it is getting close.
A Midwinter’s Nightmare
A Peak Oil Nightmare
Russia: Experts Say ’05 Oil Growth to Slow
Russia’s oil output and export growth is likely to slow by almost 40 percent in 2005 as the ruin of top major Yukos, higher taxes and a pipeline bottleneck put the brakes on a five-year boom.
China invests heavily in Sudan’s oil industry
LEAL, Sudan — On this flat and dusty African plain, China’s largest energy company is pumping crude oil, sending it 1,000 miles upcountry through a Chinese-made pipeline to the Red Sea, where tankers wait to ferry it to China’s industrial cities.
Venezuela’s Chavez arrives in China with eye on oil deals
Venezuelan President Hugo Chavez arrived in Beijing for an official visit that aims to bolster his country’s oil deals with the Asian giant, state media and officials said.
Gabon: Calls for Fair Division of a Diminishing Pie
An oil rich nation, where a minority is accused of benefiting disproportionately from mineral wealth…Clashes between police and the inhabitants of oil-producing areas that result in deaths…A scene from Nigeria? No – Ndolou, in south-western Gabon.
Putin hints at China alliance for Yukos oil
Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday.
Big Oil Wields Ultra Deep Influence
Industry demands tax breaks, regulatory changes to hunt for oil at the bottom of the sea….America’s onshore sources are nearly tapped out… Luckily, the United States holds claim to one of the world’s richest oil deposits: the Gulf of Mexico.
World scarcity of oil and gas creates chance to accelerate response to climate change
The recent peak in oil prices was due to the depletion of the world’s reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires.
ESAI: IEA’s Russian oil production forecast ‘optimistic’
“After reaching an absolute post-Soviet peak of 9.49 million b/d in September, Russia’s average daily production has been falling for 2 consecutive months, and November’s drop was the largest single-month decline since January 1999,” said Yulia Woodruff, ESAI’s Russian analyst.
