Cracked joints found in BP’s Georgia pipeline
A vital $3bn (£1.6bn) pipeline designed by BP to help meet Britain’s oil needs well into the next decade has been riddled with corrosion, it emerged yesterday.
Oil
ODAC: World oil supplies likely to remain tight through 2010
Unless demand plummets, world oil supplies are nearly certain to remain tight through the rest of this decade, according to a study by the Oil Depletion Analysis Centre in London.
Crude: The Story of Oil
My book tells a story of oil from its birth hundreds of millions of years ago through to its maturation into deep underground, as well as the modern tale of crudes abrupt exhumation, the battle to control its riches and its effect on the environment out of which it came
Oil industry reforms in Iraq ‘put on hold’
Plans for major reforms in Iraq’s oil sector have been postponed as the interim government focus on its daily problems, the Middle East Economic Survey reported on Tuesday.
Saboteurs hit oil pipelines, well in Iraq
Saboteurs attacked an oil pipeline and an oil well near northern Kirkuk on Wednesday, oil officials said.
Analyst Says Oil Supply Problems Could Loom
The world’s oil supply is headed toward a crisis state that could flare as early as next year, fueled by steaming demand and declining production, a longtime sector investor and analyst said on Wednesday.
Oil supply I: The Arabs look to the East
Saudi Arabia is looking for new friends and finding them – in Asia. The oil-rich kingdom feels spurned and disliked by its traditional close allies in the West; ties have never been quite as warm since Sept. 11, 2001.
The Energy Challenge 2004 – Petroleum
Analysts, economists and industry spokespersons seem very reluctant to talk about depletion or production decline. Chris Skrebowski of ODAC has analyzed the 2004 BP Statistical review of World Energy and has noted that there were 32 countries that were able to increase production in 2003, vs. 18 countries which have been in decline for 3 years or more.
China says oil imports will rise nearly 10 percent this year
China says its oil imports will jump by nearly 10 percent this year to 100 million metric tons (700 million barrels), making up 40 percent of its consumption.
The Gathering Storm
From this week’s Barron’s, the influential US financial weekly, a measure of
the concern about the “entirely different” and “unprecedented” energy crisis
which “should have a severe impact, be global in scope, and be difficult to
solve”. Maxwell, dubbed by the magazine as the “dean of energy analysts”,
subscribes to the Hubbert’s Curve theory of depleting oil resources.
New Oil Projects Cannot Meet World Needs This Decade
World oil supplies are all but certain to remain tight through the rest of this decade, unless
there is a precipitous drop in demand, according to the results of a study by the London-based
Oil Depletion Analysis Centre (ODAC).
Oil, Currency and the War on Iraq
It will not come as news to anyone that the US dominates the world economically and militarily. But the exact mechanisms by which American hegemony has been established and maintained are perhaps less well understood than they might be. One tool used to great effect has been the dollar, but its efficacy has recently been under threat since Europe introduced the euro.
