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Peak Oil in the News
Peak Oil News Thursday January 18th 2007




Brazil's Gas and Oil Reserves DeclineBrazil'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 ReservesNRP 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.


Petsec targets US gas and oil reservesPetsec 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.



World Population

Iraqi oil law closeIraqi oil law close
(AME Info: Thu, 18 Jan) Iraq's oil committee has agreed on the final draft of a law that sets out rules for sharing revenues and boosting production from the country's underdeveloped oil reserves, Reuters reported.


RELATED NEWSRELATED NEWS
(Zawya: Wed, 17 Jan) BEIRUT: Lebanon and Cyprus are expected to sign an agreement today delineating a boundary through possible undersea gas reserves lying between the two countries.


NISOC seeking to improve ROR from reservesNISOC 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.


Gas Reserves Below Expectations in Myanmar's A-1 BlockGas Reserves Below Expectations in Myanmar's A-1 Block
(Rigzone: Wed, 17 Jan) Myanmar's offshore A-1 block, where ONGC Videsh Ltd and GAIL (India) Ltd hold a 30-percent stake, may hold recoverable reserves of 4 trillion cubic feet-less than half as previously indicated.


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