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

Technology For Increasing Oil Production

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

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’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 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

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

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

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

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?

“…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

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

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

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

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?

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

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

Nick Muessig Neftegaz.ru

China In Iran LNG Deal; Upstream Assets Eyed

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

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

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

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 (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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