Peak Oil in the News

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Peak Oil News Thursday January 25th 2007

Amid debate, Professor Barazangi asserts that world oil production could delay its peak 'way ahead into the future'
(Cornell News Service: Wed, 24 Jan) Peak oil production in the Middle East's Arabian/Persian Gulf region could be delayed if oil companies would invest more heavily in drilling and extraction technologies and push to explore new sites.

Put the brakes on anti-car drive
(Wisconsin State Journal: Wed, 24 Jan) Let's hope Mayor Dave Cieslewicz and Dane County Executive Kathleen Falk summon the good sense to take the report they have received from the Peak Oil Task Force and file it under "T."

A warmer world is ripe for conflict and danger
(Financial Times: Wed, 24 Jan) 'Picture Japan, suffering from flooding along its coastal cities and contamination of its fresh water supply, eyeing Russia's Sakhalin Island oil and gas reserves as an energy source . . .

Repsol YPF to sign gas services contract in Iran by week end - report
(Sharewatch: Wed, 24 Jan) The services contract is seen as an advance in the mega-contract it has been negotiating with Royal Dutch Shell PLC and Iran to develop part of the South Pars reserve, one of the biggest natural gas reserves in the world, the newspaper said.

(AFX UK Focus) 2007-01-23 08:40 GMT: UK smallcap opening - Imperial Energy advances on oil reserves upgrade
(Interactive Investor: Tue, 23 Jan) LONDON (AFX) - Imperial Energy Corporation advanced 38 to 675 as traders warmed to the oil company's disclosure of a 41 pct increase in its independently reported 2P reserves. This results from further analysis by DeGolyer and MacNaughton of the company's interest in the Kiev-Eganskoye Field, Block 80, Tomsk region, Western Siberia.

Barbados sets strict conditions for offshore drilling
(Barbados Advocate: Tue, 23 Jan) Any oil company wishing to tap into the oil reserves off the coast of Barbados has to comply with some strict guidelines the Government is laying down.

Iran seeking new technology to improve oil ROR
(IranMania.com: Tue, 23 Jan) LONDON, January 23 (IranMania) - Iran is seeking to attain new technologies to improve the rate of recovery (ROR) from oil reserves, an official with the National Iranian Oil Company (NIOC) said, MNA reported.

Energy Research on a Shoestring
(New York Times: Thu, 25 Jan) Americans may have a love affair with renewables and the idea of cutting oil imports and conserving energy, but it is a fickle one.

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