Suncor, Shell both announce unexpected oilsands production decreases
Two of Canada’s major oilsands producers are facing lower production targets this year due to unplanned maintenance at their huge open-pit mining operations in northern Alberta.
Oil
The Price of Oil
Every conflict since World War One has been influenced by oil in some way.
Investment firm: Report explains the Hubbert Curve and includes a projection on oil peak
Guinness Atkinson Asset Management LLC have released a report to publicise their Global Energy Fund which draws attention to the Hubbert Curve of oil production. “We believe that oil will breach the $100 per barrel level benchmark at some point in the next 15 years.”
War x 4
Any government concerned about global security and climate change should be banning 4Ă—4s.
Costly crude not the end of the story for oil majors
A significant factor behind the higher prices this year is the fear that the global oil industry is close to capacity.
Spanish Seek Oil Off Cuba, as Americans Watch Silently
Recent announcements from Repsol YPF, the big Spanish oil and gas company, indicate an ambitious expansion program, with projects planned for countries like Libya and Equatorial Guinea that are not for the risk-averse. But none has attracted as much attention as its gamble on Cuba.
Total shuts down oil, gas production in Nigeria in face of strike threats
Energy giant Total has shut down oil and gas production in Nigeria in the face of a threatened labor strike that raised management fears that there could be violence, the company said Tuesday.
Oil Minister says Iran’s oil industry in dire need of development
The minister stressed close contacts between Iranian and foreign contractors to help promote national oil, gas and petrochemical industries.
Oil Underlies Darfur Tragedy
The fighting in Sudan’s Darfur region, which is being reported in the world press as ‘ethnic cleansing’ and a ‘humanitarian crisis’, reportedly stems from attempts to gain control over the oil resources in the region, claim Arab sources.
China, GCC discuss FTA
China is in discussions with a group of six Middle Eastern countries to establish a free trade pact, state media reported Monday.
NZ well positioned before energy rollover
Energy price rollover will signal the day when oil becomes “way too expensive and tourism may have a problem in New Zealand’’.
Iraqi Oil Exports Are Cut Nearly in Half
Iraq’s oil exports were cut nearly in half as workers struggled Monday to repair a key pipeline shut down after looters sabotaged the line, officials with the South Oil Company and traders said.
