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Gold Mining Companies Eye Oppurtunity To Grab Venezuela Gold Reserves Potential
Venezuela is known for its biodiversity, petrochemicals, gold reserves and tourist potential. Even as the country sells world’s cheapest petro products due to heavy subsidies, there is not much heard about the gold treasure hidden in the country.
Pressure on oil companies grows to end gas flaring in Nigeria
For three minutes, on the day last May when Royal Dutch Shell released its first quarter earnings figures, a flame shot high into the air in front of the company’s head office in The Hague, scorching a human chain of about 40 protesters that circled it, a few meters away, to block police efforts to [...]
Oil future as production plateaus or declines, Oil price to US$100 barrel in 2008
Speaking at the 6th Annual Association for the Study of Peak Oil & Gas conference in Cork, Ireland, CIBC World Markets chief economist, Jeff Rubin told delegates that the export capacity of OPEC, Russia and Mexico will drop by 2.5 million barrels per day by the end of the decade.
“Domestic demand growth of as [...]
To cash dig for the money coal
The PLANS to probe the true cost to reopen wells finally could convince of the ministers if his interesting to connect on the reservations of the coal of the North-East.
The experts of extraction as regards area examine now how much money cash would cost necessary to develop a deep mine to reach the massive unexploited [...]
Staffing Is Main Constraint to Oil Output, Schlumberger Says
The biggest constraint to expanding global oil and gas production is a lack of trained younger and mid-career workers in the oil industry, said the head of the world’s largest oil-field-services company, Schlumberger Ltd.
The U.S., Canada, Russia and the Middle East have the largest supply deficits in “petro-technical” staff while China, India and Indonesia have [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Russia-Belarus Gas Row May Harmonize EU Energy Policy (Update1)
A dispute between Belarus and OAO Gazprom that threatens to interrupt gas supplies to the European Union next week may lead to a more integrated EU energy policy and greater diversification of energy sources.
Gazprom changed a June demand that Belarus pays four times more for its gas next year into a request this week that [...]
African nations still welcome foreign oil firms for investment
Angola is joining the Organization of Petroleum Exporting Countries, African oil exploration is booming and China is investing. The stampede for African oil has continued, even as militant attacks in some countries and precarious governments in others make returns uncertain.
Though much of the continent is just as conflict-ridden as the Middle East, analysts say [...]
Two Resources for Energy Insights
Because it’s the holiday season, it’s time to make a list and check it twice.
In the case of energy investors, December is always a good time to think about what will shape the energy markets into the end of the year and as we jump-start the New Year. December can be an important month for [...]
