Explosions increase pressure on oil prices
World oil supplies came under more pressure on Sunday as Iraqi crude exports were disrupted by pipeline explosions, and Yukos, the Russian oil group, moved closer to bankruptcy.
Fossil Fuels
Norway: a haven for oil production
The Norwegian oil and gas sector is renowned for its discipline. Ian Fraser talks to Statoil’s exploration chief about the efforts to keep Norway in power
O is for Oil
How might America cure itself of energy illiteracy? Realistically, teaching Americans to give energy the priority it deserves would be an incremental process that could take years.
Iran claims number-two position for world oil reserves
Iranian Oil Minister Bijan Namdar Zanganeh announced that new oil discoveries in the southwest of the country now meant the Islamic republic held the number-two position in world crude reserves.
Special forces raid Russian oil firm’s headquarters
Russian law enforcement officials attempted to seize the headquarters of the Russian oil company Yukos yesterday, days after it was landed with a tax bill of £3.8 billion.
Short-term relief: Gasoline price drop welcome, but it can’t last
Enjoy these gas prices while they last, because they are only going to be with us for a short time before they head back up.
Crude Oil Quality a Growing Issue for U.S. Refiners
The quality of the world’s crude oil that will be produced in the near future is falling and some U.S. refiners may soon have to invest millions in their plants to refine the changing flow of crude, experts said on Thursday.
Indonesia’s oil output may drop by 2008
Indonesia, South-east Asia’s biggest oil producer, will be unable to prevent production declining within four years without increased exploration spending to find new fields, Energy Minister Purnomo Yusgiantoro said.
Pacific Energy to move oilsands crude to U.S in newly acquired pipelines
California-based Pacific Energy Partners L.P. plans to transform its two newly purchased regional pipeline systems in Alberta into a mainline to ship growing quantities of oilsands crude to refineries throughout the western United States.
China says oil reserves twice as big as expected
A report by China Petroleum and Chemical Corporation, China’s second largest oil company, has claimed there are 6.5bn tonnes (47bn barrels) of proven oil reserves in the country. International studies, including BP’s just-published statistical review of world energy, put it closer to 3.2bn tonnes.
Iraq oil exports hit by pipeline leak, emergency laws due shortly
Iraqi oil exports were hit by a rupture to a main pipeline in the south as the caretaker government said it would announce emergency powers to tackle the country’s rampant insurgency “very shortly”.
Time to cut down
We need to face up to the crisis in energy consumption. Michael Meacher finds some solutions in The End of Oil by Paul Roberts