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U.S. Rebukes OPEC for Rejecting Oil Output Request
OPEC, Bush, Kuwait, The Bookings Institution, and more
China’s Search for Oil and Security
A nice recap of, well, China’s search for oil
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.
OPEC for Gas?
The international forum of natural gas producers received a message from Egyptian President Hosni Mubarak stating his support for initiatives for global co-ordination of the gas market.
Iraq Wants 400,000 Bpd Kirkuk Term Sales
Iraq is aiming to lock its Kirkuk crude into long-term supply deals of some 400,000 barrels per day (bpd) — half the rate pumped by its sanctions-battered northern oilfields …
Senate May Halt Crude Headed to Oil Reserve
elections comming up?
A budget amendment will cancel the delivery of 53 million barrels to the US Strategic Petroleum Reserve.
Saudi Arabia, Adapt or die
Abdullah, Osama, and more
The royal rulers of Saudi Arabia sense that their country is in crisis but don’t know how to solve it. Time is short!
read the article in the Economist
China Goes South
China’s state-owned Sincopec countinues to surprise in its desperate search for oil. The latest report is that Brazil’s state-owned Petrobras will sign a wide-ranging cooperation deal with Sinopec. The agreement is expected to be signed when Brazilian President Luiz Inacio Lula da Silva visits China in May, Petrobras said in a statement on its website.
from Neftegaz.ru
East Timor PM Denies Bribery Accusation
Oceanic says ConocoPhillips gave East Timor’s Prime Minister $2 million. What a suprise, he DENIES it. quote from rigzone
East Timor’s Prime Minister Mari Alkatiri has denied he accepted bribes to secure the exploration interests of oil giant ConocoPhillips in the Timor Sea.
Running On Empty: How Will Mighty China Power Future Growth?
Beijing is getting oil form Russia, Sudan. LNG from Australia and Indonesia. Article quote:
Chinese oil demand will lead world demand in 2004 and beyond. It believes China
OIL supply gap debate rises again
Mr. Simmons is in the news again. Quoted as saying:
“Producing from the next generation of fields will be complex and expensive,” Mr. Simmons said last week at a debate sponsored by the Center for Strategic and International Studies. “If … [the new fields] work, great. If they don’t, Saudi Arabia has probably seen peak oil.”
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- Why the IEA is Wrong About Peak Oil Demand
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- What’s Driving America’s New Oil and Gas Boom?
- China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
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