Peak Oil in the News

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Peak Oil News Saturday January 27th 2007

Indian oil companies gets bigger stake in Russia's vast oil reserves
(Islamic Republic News Agency: Fri, 26 Jan) India - Russia - Energy The oil companies of India and Russia are working on a strategy that would give Indian companies a bigger stake in Russia's vast oil reserves while their Russian counterparts get into the downstream refining and retailing segment in India.

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.

Norway's Stock Exchange Introduces New Oil Reserves Guidelines
(Rigzone: Thu, 25 Jan) The Oslo Bors is presenting its new "Guidelines for the disclosure of hydrocarbon reserves, contingent resources and results from exploration activities".

New natural gas reserves found in Coast Region
(IPP Media: Fri, 26 Jan) Fresh reserves of natural gas have been discovered at Mkuranga District in Coast Region. Drilling and testing was undertaken by Maurel & Prom and the exploit was made known this week by Artumas Group.

Gazprom Offers Chevron, Total Second Chance in Arctic
(Update4: Fri, 26 Jan) Jan. 26 (Bloomberg) - OAO Gazprom, racing to develop natural-gas reserves, will discuss Russia's biggest untapped deposit with the five foreign producers the company rejected in an earlier round of negotiations.

Enough oil reserves till Jan 29, says minister
(New Kerala: Fri, 26 Jan) Kolkata, Jan 25: With the West Bengal Tankers' Association (WBTA) going on an indefinite strike from today, state Transport Minister Subhas Chakraborty has said that there was enough reserves in petrol pumps to last till January 29.

Cuba to certify reserves at Orinoco oil belt
(El Universal: Fri, 26 Jan) President Hugo Chávez' Government said Cuba, jointly with Venezuelan state-run oil conglomerate Pdvsa, is participating in the quantification of oil reserves in heavy-crude oil Orinoco belt.

Home
(KOLN Lincoln: Fri, 26 Jan) According to AAA, Nebraskans are paying higher gas prices because of this week's Presidential speech. AAA Nebraska's Marilyn Muir said that the president's plan to double our country's emergency oil reserves caused traders on Wall Street to drive up the price of oil.

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