State explores North Slope gas pipeline financing options
The state of Alaska held preliminary talks with investment banking firms in New York City May 25 to explore options should the state decide to help finance a North Slope natural gas pipeline.
Oil
Norway, Russia jealously eyeing virgin oil fields
OSLO: In a world growing increasingly worried about oil supplies, there is one large white spot on the fossil fuel map, eyed eagerly by both Norway and Russia, but accessible to neither without a treaty.
Australia: Oil’s not well: crisis looms
The opening session of the 10th South East Asia Australia Offshore Conference will hear that Australia’s demand for oil is greater than supply and the gap is growing.
Join us as we watch the crisis unfolding
Saudi Aramco could turn some valves and increase production rate by two million barrels per day. In doing so, they might cut short the life of their largest resource.
What if…
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
UK: Army guard on food if fuel crisis flares
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
ODAC bulletin
News briefs from ODAC.
Oil supplies: we’re on a knife-edge
OIL supplies are now so tight that just 1.5 million barrels of oil a day – less than 2% of global production – is keeping another potentially devastating surge in energy prices at bay, experts have warned.
U.S. addiction to oil puts it at mercy of risky characters
Ultimately, it’s up to U.S. consumers to wean themselves from their costly addiction to oil, which increasingly is coming from less-than-stable parts of the world. And this will require some tough love.
Rights group denounces Australia over Timor oil
A US-based rights group denounced Australia yesterday, saying Canberra should be “ashamed” for allegedly robbing East Timor of much-needed oil and gas revenues from the disputed seabed between the two nations.
Oil prices ease as Opec opens tap
Oil prices eased further below $40 a barrel yesterday as an Opec deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.
Blast hits Russian oil depot
A bomb blast has ripped through an oil storage depot in the town of Neftekumsk in Russia’s Stavropol region.