Russia’s Lukoil Starts Oil Exports to China
Russian oil major Lukoil will export its first trial batch of oil to China in November-December, the company’s vice president Leonid Fedun said at a presentation of the company’s bonds on Thursday.
Oil
Oil: What’s Russia Really Sitting On?
In Russia’s main oil-producing region in western Siberia, proven reserves represent just 18% to 24% of all oil in the ground, in contrast to about 45% in Western oil-producing regions such as Alaska and the North Sea. But as Russian oil companies adopt technologies, such as horizontal wells and computerized reservoir management systems, the estimated recovery rates are being revised upwards.
Oil Rich Nation Charges Thatcher with Coup Plot
Sir Mark Thatcher has been charged with involvement in a coup plot in oil rich Equatorial Guinea prosecutors confirmed today.
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.
End of oil age scary prospect
Once again, neither Democrats nor Republicans honestly addressed three of the major issues that threaten the very survival of our way of life.
Obstacle to drilling for oil in ANWAR is removed
A controversial plan to allow oil drilling in Alaska’s Arctic National Wildlife Refuge is likely to move forward now that there will be enough votes in the Senate to push the measure ahead.
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.
