Peak Oil in the News

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Peak Oil News Wednesday January 17th 2007

Brazil's Gas and Oil Reserves Decline
(AP via Yahoo! Finance: Mon, 15 Jan) Brazil's gas and oil reserves edged down slightly in 2006, the state-run oil firm Petroleo Brasileiro SA, or Petrobras, said in a release.

NRP Completes Buy Of 92 Million Tons Of Coal Reserves
(Logistics Management: Tue, 16 Jan) Natural Resource Partners said Tuesday it completed its purchase of 92 million tons of coal reserves from Dingess-Rum Properties. The deal also included nearly 34,000 acres of surface and timber.

NISOC seeking to improve ROR from reserves
(IranMania.com: Wed, 17 Jan) LONDON, January 17 (IranMania) - The National Iranian South Oil Company (NISOC) is pursuing plans to improve the rate of recovery (ROR) from oil and gas reserves, the company's managing director said, MNA reported.

Iraq could open oil reserves to foreign firms
(Monday Morning: Mon, 15 Jan) The US government was involved in drawing up the law through a consultancy firm, the British weekly said.

[Opinion] Oil legislation raises suspicions of past
(The Minnesota Daily: Tue, 16 Jan) Ministers in the Iraqi government are quietly drafting a law which will open up the country's vast oil reserves to Western companies. This law, which has gone mostly unnoticed amid the violence and chaos in Iraq...

Gazprom plans media offensive to polish image
(Sharewatch: Tue, 16 Jan) The energy giant, which controls the world's largest natural gas reserves and has a monopoly on exports of Russian gas, is negotiating a multi-million-dollar deal with a consortium of public relations firms headed by the Washington-based PBN Company, Kommersant quoted an unidentified source as saying.

Petsec targets US gas and oil reserves
(News Interactive: Mon, 15 Jan) ASX300 energy company Petsec will drill on the US mainland in a bid to double its gas and oil reserves.

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