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Peak Oil in the News
Peak Oil News Friday January 19th 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.


Statoil partnership gives up on Snohvit oilStatoil partnership gives up on Snohvit oil
(Energy Business Review: Fri, 19 Jan) Norwegian oil company Statoil and its partners in the Snohvit partnership have concluded that the development of oil reserves associated with the Snohvit gas field, located in the Barents Sea, is not economic and so plans to exploit the feature have been abandoned.



World Population

Oil lower as report shows higher reservesOil lower as report shows higher reserves
(RTÉ News: Thu, 18 Jan) Oil fell today after an official report showed that US crude oil inventories rose by much more than expected in the past week. The Department of Energy said crude oil reserves rose 6.8 million barrels to 321.5 million in the week ended January 12.


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.


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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