News from March 2004

OPEC cuts oil output, shunning US calls for delay

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

PetroleumWorld

Iranian Export Line

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

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

Yahoo

Oil-thirsty China sets sights on Gulf

“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

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 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

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

…”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

…”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

it says:

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

yahoo