Oil
Venezuelan sands could dwarf Canadian reserves
Venezuela’s Orinoco Oil Belt could contain 513 billion barrels of technically recoverable heavy oil, double original estimates, according to a report released last week.
Iran sets out mixed energy plan 2010/2011
Iran’s national budget for 2010/2011 will be less reliant on oil revenues but will still reveal "good news" on oil production of 20% enriched fuel in February this year, says Iranian president Mahmoud Ahmadinejad, in a move aimed at making the state less…
Eni, Oxy & Kogas seal Iraq deal
Three major oil and gas companies have sealed a deal with Iraq’s South Oil Company and Missan Oil Company that is set to increase production by 1 million barrels per day (bbl/d) over the next six years.
EU & Iraq pact will not boost energy supplies
Iraq will not boost the European Union’s (EU) oil, gas or power supply, or become a key supplier in the near future, say analysts, following the announcement that the two parties signed a Memorandum of Understanding designed to secure the EU’s energy…
Masdar and E.on create carbon trading venture
Abu Dhabi-based renewables company Masdar has joined forces with German utility E.on to form E.on Masdar Integrated Carbon (EMIC), a company focused on developing carbon emission reduction projects.
Kupe light crude oil ready to ship
Origin Energy New Zealand has revealed that the Kupe gas project will be making the first shipment of light crude oil from Taranaki port on January 17.
Upstream deals boost oil and gas companies’ outlooks
The value of oil and gas deals announced last year increased by 10% from 2008 to $198 billion, although the total number of deals fell from 1,152 to 837, according to Ernst & Young’s third annual global oil and gas transactions review.
Moody’s: Oil will average $75 in 2010
Oil prices will average $75 per barrel (bbl) in 2010, following rising growth in global oil consumption, fuelled by buoyant demand in developing economies, led by China, says rating agency Moody’s.
EIA: World will be more dependent on Opec oil
The world will become more dependent on Organization of the Petroleum Exporting Countries (Opec) oil by the start of 2011, following sustained surplus production capacity and a forecasted decline in growth from countries outside the producer group, says…
Special report: Canada
Our special report this month takes an in-depth look at Canada's oil and gas markets.
Can pipeline system support Canada oill sands growth?
With Canadian oil sands production set to grow, albeit at a reduced rate, will the current and planned pipeline infrastructure in North America be fit for purpose? Pauline McCallion finds out
Russia/Belarus crisis not expected to affect oil market in the longer term
Russia’s halt in crude oil supplies to Belarus, which is providing some support to the oil complex today (January 4), is not expected to have a big impact on the global market, say analysts.
Oil ETF/commodities indexes
Investment in oil-based commodities indexes and ETFs has grown this year, but how will potential regulatory changes impact their development? Katie Holliday looks at what products are being offered and to what extent regulatory uncertainty is impacting…
Oil project economics
As oil companies look beyond current concerns over credit and costs, Pauline McCallion finds out how project economics are changing future plans
Oil price outlook 2010
Oil prices – which have been rangebound between $65–75 per barrel for most of the second half of the year, averaging just under $61/bbl for 2009 – are forecast to average more than $15 higher next year on expectations of a steady recovery in the global…
Ice to launch ASCI contracts
IntercontinentalExchange (Ice) has introduced more than 40 new over-the-counter cleared energy contracts for North American natural gas, power, natural gas liquids and global oil products, including two contracts based on the Argus Sour Crude Index (ASCI…
Report highlights US cap-and-trade winners and losers
The power sector is likely to top the list of both winners and losers if a proposed cap-and-trade system for greenhouse gas emissions in the US comes into existence, according to Point Carbon.
Industry experts bearish on IEA oil demand
Industry experts at the annual Oil & Money Conference in London this week challenged International Energy Agency (IEA) forecasts for demand growth.
The price isn't right
Former Saudi oil minister and head of Opec, His Excellency Sheikh Yamani, speaks to Roderick Bruce about his views on the past, present and future of the global crude oil markets