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News from March 2004

OPEC cuts oil output, shunning US calls for delay

OPEC cuts oil output, shunning US calls for delay thumbnail

OPEC ministers agreed Wednesday to cut their daily oil production by one million barrels…

PetroleumWorld


Iranian Export Line

Iranian Export Line thumbnail

In approximately two years, gas will be supplied to Armenia via the Iran-Armenia gas pipeline.

Neftegaz.ru


U.S. Rebukes OPEC for Rejecting Oil Output Request

U.S. Rebukes OPEC for Rejecting Oil Output Request thumbnail

OPEC, Bush, Kuwait, The Bookings Institution, and more

Yahoo


Oil-thirsty China sets sights on Gulf

Oil-thirsty China sets sights on Gulf thumbnail

“The two main scenarios hinge on whether China will ally with the United States to ensure stable oil supplies from the region which is virtually controlled by the US navy.”

Gulf News, Dubai


ExxonMobil Starts-Up Major Project to Increase Norwegian Ringhorne Production

ExxonMobil Starts-Up Major Project to Increase Norwegian Ringhorne Production thumbnail

Exxon Mobil Corporation announced today that its subsidiary, Esso , will be increasing production from its Ringhorne Field in Norway with the start-up of a new process module and pipeline to develop the Ringhorne Jurassic reservoir.

Exxon PR


OPEC takes back seat as oil prices run riot

OPEC takes back seat as oil prices run riot thumbnail

OPEC oil producers appear to have lost control of a surge in prices that ministers say is being driven by forces out of the cartel


Ecological Footprints of Nations

Ecological Footprints of Nations thumbnail

Summary: claims overuse of the earth’s natural resources by 15%

Nonprofit group, Redefining Progress today released an update of the world’s leading indicator of sustainability, the Ecological Footprint.

Report PDF


Boost for North Sea after major oil find

Boost for North Sea after major oil find thumbnail

…”Canadian oil and gas minnow Oilexco revealed that test drilling in the Brenda Field, in the outer Moray Firth, showed that the reservoir could contain more than 150 million barrels of oil.”

Scotsman


Trying to Squeeze More Oil and Gas From the Gulf of Mexico

Trying to Squeeze More Oil and Gas From the Gulf of Mexico thumbnail

…”federal officials and energy companies are making the Gulf of Mexico the focus of a renewed push to increase domestic production.”

NY Times


Canadian Oil Sands Trust releases 2003 year-end reserves information

Canadian Oil Sands Trust releases 2003 year-end reserves information thumbnail

it says:

total proved plus probable reserves = 1,849 million barrels of Syncrude Sweet Blend

yahoo


Technology For Increasing Oil Production

Technology For Increasing Oil Production thumbnail

On today’s edition of Canada’s Business Report, host Robert Graham
profiles an Edmonton-based company that’s developed technology that it says
can result in a marked increase in oil production.

yahoo


Offshore sector’s total oil, gas production has risen ’steadily’ over past decad

Offshore sector’s total oil, gas production has risen ’steadily’ over past decad thumbnail

Total estimates of worldwide offshore oil and natural gas production have risen “steadily” over the last 10 years.

Oil and Gas Journal


Indonesia Says OPEC Overproducing

Indonesia Says OPEC Overproducing thumbnail

Indonesia’s director general of oil and gas, Iin Arifin Takhyan, says: “What I know is OPEC is overproducing around 1.6 million bpd this month”

Yahoo Reuters


Iran expects Kazakh oil supplies to double

Iran expects Kazakh oil supplies to double thumbnail

…Iran expects oil supplies from Kazakhstan to double from 50,000 to 100,000 barrels per day under a swap scheme over the next two months, Iranian Ambassador to Kazakhstan Murzato Saffori said at a press conference in Almaty on Saturday.

InterFax


A Report on Energy Trends, Greenhouse Gas Emissions and Alternitive Energy

A Report on Energy Trends, Greenhouse Gas Emissions and Alternitive Energy thumbnail

ExxonMobil has made a new report. ASPO says, “Once again they claim that the decline of oil and gas will be enormous the coming years.”

ASPO mirror of the PDF


Why sky-high oil prices are no blip on the radar

Why sky-high oil prices are no blip on the radar thumbnail

Jeff Rubin has another article on the Hubbert curve and says:
“The oil and gas sector was undervalued four years ago and it remains so today. Depletion is the way of the future; denial is the market’s response.”

Globe and Mail


Oil boom sparks fuel price surge

Oil boom sparks fuel price surge thumbnail

UK petrol prices could soon rise to levels not seen since the autumn of 2000, when widespread protests caused fuel shortages.

BBC


Presentations from NAPE 2004

Presentations from NAPE 2004 thumbnail

NAPE Expo is the largest oil and gas exploration and production event in the world. IHS Energy now has presentations available online.

PDF collection
some Video from NAPE


Andrew McKillop: Whatever happened to bargain basement oil?

Andrew McKillop: Whatever happened to bargain basement oil? thumbnail

“…who needs oil to manufacture PCs, their plastic keyboards or fiber optic cables, let alone install them 2 meters under the pavement in low energy modern cities, and heat the backsides of keyboard tapping online consumers?”

VHeadline.com


Peering into oil’s future

Peering into oil’s future thumbnail

Experts try to predict when the world will start running low on the natural resource that keeps all the engines running…

San Francisco Chronicle


OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES

OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES thumbnail

Venezuelan Minister of Energy, Mines Rafael is putting out more smoke

snip…
many experts of the oil market believe that no actions of the exporting countries can hamper the further growth in oil prices.

Russian Information Agency


Longbow Energy Makes New Pool Discovery

Longbow Energy Makes New Pool Discovery thumbnail

and they’ll spud this well in July

LongBow Energy has made a new pool wildcat discovery at Watts Lake in the Provost area of Alberta.

rigzone


Weekly U.S. Oil, Gas Rig Count Down by 6

Weekly U.S. Oil, Gas Rig Count Down by 6 thumbnail

The number of rigs actively exploring for oil and natural gas in the United States decreased by six this week to 1,128.

yahoo AP


Is Canada running out of natural gas?

Is Canada running out of natural gas? thumbnail

another major newspaper report

Supplies adequate for next 80 years, industry says
Geologist fears production decline possible by 2011

Totonto Star


China’s Search for Oil and Security

China’s Search for Oil and Security thumbnail

A nice recap of, well, China’s search for oil

Nick Muessig Neftegaz.ru


China In Iran LNG Deal; Upstream Assets Eyed

China In Iran LNG Deal; Upstream Assets Eyed thumbnail

Beijing-based Zhuhai Zhenrong Corp. signed a deal to buy 2.5 million metric tons of LNG a year from Iran starting in 2008. Zhenrong is allready buying 80,000 tons/month of straight-run fuel oil from National Iranian Oil Co.

yahoo again


Shell Cuts Reserves as U.S. Probe Widens

Shell Cuts Reserves as U.S. Probe Widens thumbnail

Today Shell cut 220 million barrels for 2003 and 250 million for 2002 from its know reserves. More “reserve downgrades” could be comming soon.

yahoo


Vaccine Epidemic

Vaccine Epidemic thumbnail

FTW reports on “the possibility of mass global depopulation” and the “possible existence of a top-secret ‘doomsday bug’ project as a ’solution’ for overpopulation as we exit the hydrocarbon era.”

Michael Kane, From the Wilderness


MARCH ASPO Newsletter

MARCH ASPO Newsletter thumbnail

There’s a Country assessment of Oman, some Reserve Reporting, some stuff on upgrading the depletion model, but no major changes to the core ASPO predictions.

Newsletter39.doc on asponews.org


Noble Energy Is Apparent High Bidder on 24 Blocks in Central Gulf of Mexico OCS

Noble Energy Is Apparent High Bidder on 24 Blocks in Central Gulf of Mexico OCS thumbnail

Noble Energy (NYSE: NBL) got 24 of 26 of the lease blocks on the Central Gulf of Mexico Outer Continental Shelf.

22 shelf blocks contain deep objectives

high bids total approximately $6.1 million

PR Newswire, Yahoo


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@terrymorse @gianlucatdc @BrankoMilan @ClubOfRome Probably because they know they are running out of coal. Let's cross our fingers for their success... #PeakCoal #PeakOil

test Twitter Media - @terrymorse @gianlucatdc @BrankoMilan @ClubOfRome Probably because they know they are running out of coal. Let's cross our fingers for their success...  #PeakCoal  #PeakOil https://t.co/91qHT3vAbJ

@terrymorse @gianlucatdc @BrankoMilan @ClubOfRome What evidence ? The only way we've found to reduce fossile fuels consumption has been #Degrowth periods usually called recessions. In Greece for example they are experiencing the harshest chaotic degrowth. And its costs are not fairly shared. #Peakoil

test Twitter Media - @terrymorse @gianlucatdc @BrankoMilan @ClubOfRome What evidence ? The only way we've found to reduce fossile fuels consumption has been #Degrowth periods usually called recessions. In Greece for example they are experiencing the harshest chaotic degrowth. And its costs are not fairly shared.  #Peakoil https://t.co/WGluUZULlo