E-Mail Address: Password:
Forgot password?
Click here to register
[login]
Home Articles Stocks Faq About Us Contact Us RSS Feeds September 3, 2010
SEARCH: 
Energy Tribune Jobs
(click here)
Featured Stories
Guest Opinions
Americas
Europe
Russia
Middle East
China
Australasia
India
Africa
Nuclear
Commentary
Print Issues
Oil and Gas Industry ...
EPA’s Fracking Hyster...
The UN Taxman: Could ...
Asian Energy and How ...
Angola: An emerging o...
Wind Energy Gets Huge...
Anthony Cordesman Bus...
The End of Coal?
Wood to Coal to Oil t...
Death of A Gentleman:...
Wind Energy Gets Huge...
Clean-Energy Forum Le...
Wind Energy’s House o...
PNG and Australia Mee...
Calif. Moves to Set U...

North Sea Oil’s New Boom

Posted on Jul. 22, 2010

NorthSeaOilsNewBoom

I’ve been hearing dark mutterings about the imminent ‘end of North Sea oil’ all my life, with the dramatic impact that would have for the UK economy. North Sea oil was a diminishing resource that would be “gone by the end of the century” experts constantly assured back in the 1970s. But the rigs just kept right on drilling and producing into the new century – and the experts just kept right on being confounded. And it looks like they are to be confounded yet again as a new North Sea boom is set to boost oil reserves – and the UK’s economy.

“The North Sea remains an important hub for investment and will continue to be at the heart of the UK’s energy security for years to come,” Charles Hendry, the new coalition government’s energy minister, said at the end of June. For once, an energy minister wasn’t shooting the political breeze. Hendry was announcing the grant of 356 new North Sea exploration licences – a record number of licences since they were first issued in 1964.

Around 37 billion barrels has already been extracted from the UK Continental Shelf (UKCS), leaving around 25.5 billion barrels of recoverable oil – or so it was thought. That figure has just been upped by around a fifth to well over 30 billion barrels, the effect of new technology, higher oil prices, renewed interest in fields, as well as the discovery of new ones. A growing body of opinion believes that even upping the reserves by a fifth will prove a conservative estimate.

And the hits just keep on coming

Bizarrely, as the oil giant BP – and its share price – flounders, the British oil and gas sector is experiencing a new boom, in the North Sea and beyond (see Falkland Islands link below), the newfound confidence being best exemplified in a string of drilling successes for British independents like Dana Petroleum. Dana has recently announced discoveries in the North Sea, Egypt and Morocco, sending its share price on a steady upward tack.

In April, Dana announced a find of approximately 130 billion cubic feet of gas in its Platypus prospect in the southern North Sea. In May, the company’s skyrocketing confidence saw it enter into an agreement to buy out PetroCanada Netherlands, boosting its own North Sea holdings from 36 to 54 fields, including 15 new fields. In June Dana announced a new North Sea oilfield discovery at West Rinnes before announcing two more for its North Africa holdings, one in Egypt, one in Morocco.

Almost inevitably, Dana’s ‘string of hits’ has attracted attention from the bigger oil companies. In July, amidst interest from China’s large national oil companies, a takeover bid was formally issued by the Korea National Oil Corporation, sending Dana’s share price spiralling up another 17 percent.

Elsewhere in the North Sea, the large Catcher prospect, held between British independents Encore Oil, Premier Oil, Wintershall and Agora Oil and Gas, represents a section of rich formation. Catcher is estimated to hold 150-300 million barrels – worth around £1 billion/$1.4 billion in terms of boosting UK Government coffers. Encore Oil’s further tests at Catcher suggest that figure too could be “very significantly” increased in the future. As the various prospects added up, Premier Oil’s share price jumped 7 percent, with the company currently recently touted as a hot investment prospect. The share price trend for many other leading British independents too is upwards, boosted by major new prospects around the Falkland Islands.

And it is not just British companies seeing recent investment in the “declining” North Sea paying off. In June the Texas-based Apache Corporation, which bought BP’s North Sea Forties Field in 2005, announced prospective capacity had jumped from 150 to 200 million barrels since the purchase. And Apache’s Maule field, discovered just last October, is already producing over 11,000 barrels day, with a further well about to be sunk. In addition, development of the Bacchus field – 70 percent held by Apache in partnership with Shell (20 percent) and Endeavour Energy (10 percent) – will shortly get underway.

Even BP has lately reiterated confidence in retaining its North Sea ‘Clair’ prospect with BP’s North Sea Manager, Bernard Looney, dismissing rumors of an imminent BP sell off in the North Sea to help pay the bill for its Gulf of Mexico spill. BP’s local energy representative Jake Molloy put it, “Clair is one of the biggest developments BP has. If you want a source of income you would be holding on to these assets, not selling them off”.

While the oil (and gas) is clearly there, the main threat to its extracting could come from a lack of investment. According to the UK Department of Energy and Climate, energy investment in the UK Continental Shelf dropped last year by £1billion/$1.5billion to £4.9 billion/$7.5billion. In recent years investment has declined significantly precipitating a fall in Britain’s North Sea energy output, from a high of over 4 million barrels per day (bpd) in 2001 to around 2.8 million bpd in 2009. A fall exacerbated by two New Labour tax hikes which took a direct toll on investment for the first half of the new decade.

So what changed – leading to the latest clutch of North Sea successes? According to Apache’s regional vice-president, James House, the North Sea investment ‘mood music’ began to change last year with new “government’s incentives aimed at encouraging development of smaller fields in the North Sea”. There are no signs that the new UK government is about to derail the investment incentive process.

Extrapolating the North Sea Experience

More significantly, there is no reason to doubt that the North Sea story of renewed viability and new, if more difficult to extract, prospects can be replicated in other parts of the world. And it makes a nonsense of peak oil theories that predict steep and imminent decline for global oil reserves.

Energy insiders are only too aware that it is in the long-term financial interest of the oil companies to understate energy reserves. Announcing less conservative figures would likely attract higher taxes from covetous politicians. So too, anti-carbon political zealots would be eager use higher energy tax cash to further subsidize highly expensive wind, solar and other alternative energies.

In 2008, British economist Peter Odell of Holland’s Erasmus University argued that every year more barrels of oil are added to the world’s reserves than are used up. Odell points out that when major oil companies cut production they do so to avoid would “undermining the market value of oil, and thus reduce their profits”. What was simple hard ‘above the ground’ political and economic factors, is too often misinterpreted or worse, misrepresented by peak oil theorists as ‘below the ground’ dwindling supply. Odell believes the indications suggest there is still much more to come from the North Sea’s still unexplored areas.

Dr Richard Pike, CEO of the Royal Society of Chemistry, has also consistently made out a case that there is at least twice as major oil producers would have us believe. Pike states that the industry practice of reporting “proven reserves” is an “historic convention” with little relevance to actual production.

In our forthcoming book Energy and Climate Wars Michael Economides and myself devote a chapter to debunking “oil is running out” that suggests even Dr Pike’s doubling of the current proven reserves may prove a conservative estimate.

A resurgent UK North Sea oil industry has real implications for panicky peak oil assessments. Not only does it offer a hard lesson in the impact of “above the ground” economic factors on extraction, it offers a major case study that could be extrapolated across the globe.


Stumble It!
Share on Facebook   Share on Twitter
Back Home   Back to Top
Related Articles
Germany’s Nuclear Bridge
By Geoffrey Styles 
Sep. 2 2010, 2:52 EST
E85 Case Study: Iowa
By Robert Rapier 
Sep. 1 2010, 2:54 EST
Wind Energy’s House of Cards
By Steve Goreham 
Aug. 31 2010, 2:17 EST
Looking Back to Look Ahead
By Geoffrey Styles  
Aug. 30 2010, 5:33 EST
Wind Energy Gets Huge Subsidies. So Wher...
By Robert Bryce  
Aug. 27 2010, 2:15 EST
Oil and Gas Industry Tax Incentives: Ho...
By Michael J. Economides 
Aug. 25 2010, 7:45 EST
Turkmenistan Warms to US, Hugs China
By Andres Cala 
Aug. 24 2010, 7:03 EST
Anthony Cordesman Busts the Myth of Ener...
By Robert Bryce 
Aug. 23 2010, 6:01 EST
The Great British Solar Scam (and the sc...
By Peter C Glover, ET European correspondent 
Aug. 20 2010, 6:12 EST
The End of Coal?
By Robert Bryce, ET managing editor 
Aug. 19 2010, 6:17 EST
By Executive Order
By Geoffrey Styles, blogger at Energy Outlook 
Aug. 18 2010, 2:10 EST
A Better Ethanol Policy
By Robert Rapier 
Aug. 17 2010, 2:02 EST
CLOSE
MORE
BP Tripled Ad Spending After Spill
By John M. Broder 
Sep. 2 2010, 4:12 EST
Colorado: A Leader in Wind Energy
By Greg Vallin 
Sep. 2 2010, 4:06 EST
Global Jackup Report Card Part II
By Rigzone Staff 
Sep. 2 2010, 4:02 EST
Russian Government Rethinks Energy Polic...
By Anna Sulimina 
Sep. 2 2010, 3:46 EST
Oil Price Ignores Long-Term Supply Worri...
By Angus Mcdowall 
Sep. 2 2010, 1:20 EST
German Military Study Warns of Potential...
By Robert Rapier 
Sep. 2 2010, 1:17 EST
Risks Remain with Gulf Well Cap Coming O...
By CNBC 
Sep. 2 2010, 12:33 EST
A Greener Champagne Bottle
By Liz Alderman 
Sep. 1 2010, 12:44 EST
Obama Lobbied to Add Solar Panels to Whi...
By USA Today 
Sep. 1 2010, 12:39 EST
The Facts About Wind Energy and Emission...
By Michael Goggin 
Sep. 1 2010, 12:07 EST
The Peak Oil Crisis: Prospects for China
By Tom Whipple 
Sep. 1 2010, 11:53 EST
A Nuclear Giant Moves Into Wind
By Matthew L. Wald 
Sep. 1 2010, 11:49 EST
CLOSE
MORE
Oil Sheen Spreading from Gulf Platform E...
By Alan Levin and Julie Schmit 
Sep. 2 2010, 3:58 EST
Oil Rig Explodes in Gulf, 1 Person Injur...
By CBS NEWS 
Sep. 2 2010, 3:57 EST
Canada’s Renewable-Fuel Regulations Comp...
By Alexandre Deslongchamps and Irene Shen 
Sep. 2 2010, 3:57 EST
Petrobras Gains to Two-Week High
By Peter Millard 
Sep. 2 2010, 3:53 EST
Chelsea Produce Market to Receive 2 Mill...
By Beth Daley 
Sep. 2 2010, 1:12 EST
Calif. HOV-Lane Expanded To Include More...
By Viknesh Vijayenthiran 
Sep. 1 2010, 11:05 EST
Chilean President Optimistic About Miner...
By English News 
Sep. 1 2010, 10:57 EST
Strict Rules for Regulators on Ties to t...
By Stephen Power 
Sep. 1 2010, 10:10 EST
Bahamas Drill Ban Hurts Shares in Oil Ex...
By Reuters 
Aug. 31 2010, 1:10 EST
Exelon to Buy Deere’s Wind Power Unit Fo...
By CNBC 
Aug. 31 2010, 12:10 EST
Chile Begins Drilling Mine Rescue Shaft
By BBC News 
Aug. 31 2010, 11:05 EST
BP’s Life on Frontiers of Energy Industr...
By Jane Wardell 
Aug. 30 2010, 1:29 EST
CLOSE
MORE
Europe Crude Markets Strengthen On Deman...
By The Wall Street Journal 
Aug. 27 2010, 11:17 EST
Nuclear Reactor Designs Likely to Win U....
By Kari Lundgren 
Aug. 26 2010, 3:09 EST
Rover Technology Could Improve Solar Pow...
By Sify News 
Aug. 24 2010, 11:30 EST
Romania Aims to Decide on Nuclear Units ...
By Reuters 
Aug. 19 2010, 5:41 EST
Spain’s Renovalia to Invest in Canadian ...
By Shannon Roxborough  
Aug. 12 2010, 2:30 EST
U.K. Will Open Nuclear Power Station in ...
By Robert Hutton and Kari Lundgren 
Aug. 9 2010, 12:43 EST
Ecuador Renegotiates With Foreign Oil Fi...
By Spencer Swartz and Mercedes Alvaro 
Aug. 9 2010, 12:05 EST
North Sea Oil Groups Seek to Speed Devel...
By Mathew Carr  
Aug. 9 2010, 12:01 EST
Fire Put Out at British Nuclear Weapons ...
By the CNN Wire Staff 
Aug. 4 2010, 12:17 EST
Green Activists Out to Prevent BP Oil Dr...
By The London Evening Standard 
Aug. 2 2010, 1:29 EST
EU’s Ethanol Production Up 60 Percent
By Biofuels International 
Jul. 28 2010, 2:29 EST
Britain to Allow Export of Civil Nuclear...
By Nicholas Watt  
Jul. 28 2010, 11:44 EST
CLOSE
MORE
Russia: Iran’s Nuclear Plant to Get Fuel...
By CNBC 
Aug. 13 2010, 5:01 EST
Lawmakers Unlikely to Block US-Russia Ci...
By Washington Examiner 
Aug. 12 2010, 5:13 EST
BP’s Dudley to Meet Top Russian Energy O...
By Katya Golubkova and Jessica Bachman 
Aug. 2 2010, 11:28 EST
Russia to Spend 200M on Largest Wind-Pow...
By RIA Novosti 
Jul. 30 2010, 5:33 EST
Russia`s Zarubezhneft to Drill Cuba Oil ...
By Tehran Times 
Jul. 15 2010, 11:25 EST
Russia Ready to Ship Oil Products to Ira...
By Xinhua News 
Jul. 14 2010, 11:48 EST
Russia, Vietnam Boost Oil Cooperation
By The Moscow Times 
Jul. 12 2010, 12:54 EST
Russia Challenges Middle East on Oil to ...
By Christian Schmollinger 
Jul. 8 2010, 2:41 EST
Russia Becoming Major Oil Supplier to U....
By Ria Novosti 
Jul. 7 2010, 11:42 EST
Russia Holds Oil Output at Record in Jun...
By Anna Shiryaevskaya 
Jul. 2 2010, 11:43 EST
Poland, Germany, Slovakia Delay Green En...
By Catherine Craig and Anna Czajkowska 
Jul. 1 2010, 12:46 EST
Total to Develop Gas Field in Barents Se...
By Geraldine Amiel 
Jun. 29 2010, 1:42 EST
CLOSE
MORE
Middle East Direct Peace Talks Begin in ...
By BBC News 
Sep. 2 2010, 12:41 EST
Qatar Exchange On An Upswing
By The Peninsula 
Sep. 1 2010, 11:46 EST
Iran Sets 2020 Target for Nuclear Fusion...
By Las Vegas Sun 
Sep. 1 2010, 9:55 EST
Iran to Resume Gas Export to Turkey
By Tehran Times 
Aug. 31 2010, 10:55 EST
OPEC Oil Output Declined on Iraqi Pipeli...
By Karyn Peterson and Mark Shenk 
Aug. 31 2010, 10:19 EST
Iran Has No Intention to Make Nuclear Bo...
By English News 
Aug. 30 2010, 12:52 EST
Iraq Oil Flow To Turkey On Hold Since Su...
By Wall Street Journal 
Aug. 30 2010, 11:48 EST
OPEC to Cut Exports, Oil Movements Says
By Arabian Business 
Aug. 27 2010, 11:23 EST
Israeli FM: No Peace Deal Within One Yea...
By English News 
Aug. 26 2010, 11:52 EST
Abu Dhabi To Build 100 MW CSP Plant
By Stephen Lacey 
Aug. 25 2010, 2:06 EST
Iran Test-Fires New Surface-to-Surface M...
By English News 
Aug. 25 2010, 1:57 EST
Iran Inaugurates New Cross-Country Gas P...
By Tehran Times 
Aug. 24 2010, 11:21 EST
CLOSE
MORE
North Korea Hopes for Early Nuclear Talk...
By BBC News 
Aug. 30 2010, 1:09 EST
China, South Africa In Talks On Nuclear ...
By Automated Trader 
Aug. 24 2010, 11:24 EST
Sinopec Says China Oil Imports May Slow ...
By Reuters 
Aug. 24 2010, 11:17 EST
Korea Pension in Talks to Buy U.S. Oil P...
By Seonjin Cha and Saeromi Shin 
Aug. 23 2010, 2:52 EST
China Guangdong Nuclear Signs MOU With V...
By NASDAQ 
Aug. 19 2010, 5:35 EST
China to Send Delegation to Uganda on Oi...
By Emmanuel Gyezaho 
Aug. 19 2010, 12:27 EST
Woodside, Rival Chevron Find More Gas Of...
By San Francisco Chronicle 
Aug. 17 2010, 2:48 EST
Chinese Buyers Defer Prompt Coal Shipmen...
By Steel Guru 
Aug. 16 2010, 5:38 EST
China Asked to Set Ceiling on Coal Outpu...
By iStock Analyst 
Aug. 12 2010, 2:23 EST
Korea Close to Deal for North Sea Oil
By Robin Pagnamenta and Gary Parkinson  
Aug. 12 2010, 2:06 EST
Nuclear Venture to Target Mideast If Exp...
By Ayesha Daya 
Aug. 10 2010, 4:41 EST
Japan May Consider Cutting Oil Imports
By Gulf Times 
Aug. 10 2010, 3:43 EST
CLOSE
MORE
India to Build the World’s Largest Solar...
By Xinhua Net 
Sep. 2 2010, 12:29 EST
Top Envoys to Meet US Over Resumption of...
By Kim Young-jin 
Sep. 1 2010, 11:12 EST
JAL Submits Rehab Plan to Tokyo District...
By Xiong Tong 
Aug. 31 2010, 12:39 EST
North Korean Pair Viewed as Key to Secre...
By Jay Solomon 
Aug. 31 2010, 11:11 EST
Japanese, Korean Firms Eye Indonesia’s E...
By Reuters 
Aug. 30 2010, 1:40 EST
Kingdom, Japan Nearing Nuclear Deal
By Taylor Luck 
Aug. 27 2010, 11:26 EST
Indonesia Approved 15 Oil and Gas Projec...
By Deden Sudrajat 
Aug. 25 2010, 2:01 EST
Kuwait Raises Concerns Over Safety of Ir...
By Elsa Baxter 
Aug. 25 2010, 1:06 EST
The Greening of Mining, Our Place in the...
By Mathaba 
Aug. 20 2010, 2:59 EST
Mongolia Can Undercut Australian Coal Ex...
By Steel Guru 
Aug. 17 2010, 2:09 EST
Bangladesh to Shut Gas Stations Amid Pow...
By Anbarasan Ethirajan 
Aug. 13 2010, 5:05 EST
Chevron Makes Gas Discovery Off Coast of...
By Edward Klump 
Aug. 13 2010, 4:43 EST
CLOSE
MORE
U.S. May Finance Coal Projects in India,...
By Mongabay 
Aug. 27 2010, 4:04 EST
India Overtakes Japan in Demand for Oil
By Aveek Datta 
Aug. 26 2010, 11:24 EST
India Says Still Pursuing Peace Pipeline
By Tehran Times 
Aug. 18 2010, 12:25 EST
Wet Coal Has Hit Power Generation in Ind...
By Steel Guru 
Aug. 10 2010, 4:00 EST
Adani Buys Linc Coal Assets for 2.72 Bil...
By James Fontanella-Khan and Lachlan Colquhoun 
Aug. 3 2010, 5:06 EST
India Interested in Queensland Coal
By Tony Grant-Taylor 
Jul. 13 2010, 4:35 EST
Singh’s Resolve to Rein in Spending Test...
By Bibhudatta Pradhan  
Jul. 5 2010, 11:53 EST
India Auction of Oil, Gas Blocks Fetches...
By AFP 
Jul. 1 2010, 11:21 EST
India’s Crude Oil Production Expands by ...
By Deccan Herald 
Jun. 29 2010, 12:46 EST
Bangladesh Seeks Indian Help for Khulna ...
By SteelGuru 
Jun. 28 2010, 12:17 EST
Scrapping of Fuel Regulation to Boost In...
By Rakteem Katakey 
Jun. 28 2010, 11:51 EST
India Boosts Imports of Colombian Therma...
By Dinakar Sethuraman 
Jun. 18 2010, 12:20 EST
CLOSE
MORE
Nigeria May Give Brazil Access to Oil, G...
By Paul Okolo  
Sep. 1 2010, 9:53 EST
IAEA: Sudan Needs Two Research Nuclear R...
By Bernama 
Aug. 27 2010, 4:47 EST
Solar Energy Brings Power to Rural Afric...
By Catriona Davies 
Aug. 23 2010, 4:55 EST
Wind Could Power 35 Percent of South Afr...
By English News 
Aug. 17 2010, 3:56 EST
Oil Pipeline Sabotage Increasing In Nige...
By RTT News 
Aug. 16 2010, 5:26 EST
Nigerian Govts Accused of Not Favoring A...
By OpeOluwani Akintayo 
Aug. 13 2010, 4:39 EST
OPEC Likely to Maintain Oil Output at Ne...
By Candido Mendes 
Aug. 13 2010, 4:25 EST
Nigeria sees China, U.S. Interest in Oil...
By Reuters 
Jul. 30 2010, 5:11 EST
Shell to Sell 4 Oil Blocks in Niger Delt...
By Chika Amanze-Nwachuku 
Jul. 29 2010, 3:07 EST
HSBC in Energy Trading Alliance with Tot...
By Reuters 
Jul. 23 2010, 12:53 EST
Nigeria’s Oil Company Says Units Won’t B...
By Elisha Bala-Gbogbo 
Jul. 22 2010, 1:51 EST
Kuwait Gives Initial Nod for Oil Border ...
By Reuters  
Jul. 20 2010, 4:38 EST
CLOSE
MORE
Two More Nuclear Reactors to be Built in...
By Nuclear Engineering International 
Jul. 2 2010, 11:57 EST
U.S. Will Object to China, Pakistan Nucl...
By The Washington Post 
Jun. 15 2010, 11:48 EST
China Wants More Dialogue on Iran Nuclea...
By AP 
Jun. 10 2010, 8:59 EST
Iran Reactor Starts Up in August
By Reuters 
May. 20 2010, 11:10 EST
US Calls Iran Nuclear Deal Positive Step
By Xinhua 
May. 18 2010, 11:29 EST
Brazil to Build New Nuclear Reactor
By AFP 
May. 6 2010, 10:31 EST
Iranian Leader Flies Into Nuclear Storm
By Rupert Cornwell 
May. 3 2010, 11:43 EST
Zimbabwe Says No Uranium Deal With Iran
The Vancouver Sun 
Apr. 27 2010, 8:16 EST
Italy, Russia Sign Nuclear Agreement
By People’s Daily 
Apr. 27 2010, 8:13 EST
Australia Will Allow Exports of Uranium ...
By Marion Rae 
Apr. 23 2010, 10:47 EST
Medvedev in Ukraine for Nuke Energy Deal
By Earth Times 
Apr. 21 2010, 11:08 EST
Iran, Security Council Plan Nuclear Talk...
By Farhad Pouladi 
Apr. 19 2010, 2:18 EST
CLOSE
MORE
Japanese Cut BHP Coal Prices
Sep. 2 2010, 5:17 EST
 
Kuwait, Saudi Plans Gas Facilities
Sep. 2 2010, 5:14 EST
 
Turkish Gas Sales Plunge
Sep. 2 2010, 1:00 EST
 
China, Russia Agree to Expansion
Sep. 2 2010, 1:00 EST
 
Qatar to Celebrates Achieving 77M
Sep. 2 2010, 1:00 EST
 
Gas Problem for Norway and Russia
Sep. 2 2010, 1:00 EST
 
Alaska’s Crude Output Drops 4.4 pct
Sep. 2 2010, 1:00 EST
 
China Plans Offshore Oil Expansion
Sep. 2 2010, 1:00 EST
 
Russia Holds Aug. Oil Output
Sep. 2 2010, 1:00 EST
 
PetroChina Discovers High Gas Flow
Sep. 1 2010, 1:03 EST
 
Poisonings Linked To Toxic Chemicals
Sep. 1 2010, 1:00 EST
 
Denver Mint To Coin New Approach
Sep. 1 2010, 1:00 EST
 
CLOSE
MORE
Dow Jones +50.63 +0.49 10,320.10
S&P 500 +9.81 +0.91 1,090.10
NASDAQ +22.39 +1.03 2,199.23
As of 09/02/2010 04:00 PM  
Energy Tribune +0.54 +0.58 92.98
Integrated +0.82 +0.58 142.27
Operations +0.66 +0.59 113.75
Services & Equipment +0.31 +0.23 137.68
Coal +3.17 +0.92 349.33
As of 09/02/2010 04:00 PM  
WH Clean Energy +0.63 +1.58 40.54
WH Progressive Energy +0.67 +0.92 73.60
As of 09/02/2010 04:00 PM  
Japanese Cut BHP Coal Prices
Sep. 2 2010, 5:15 EST
[Read More]
Kuwait, Saudi Plans Gas Facilities
Sep. 2 2010, 5:12 EST
[Read More]
Turkish Gas Sales Plunge
Sep. 2 2010, 5:18 EST
[Read More]
China, Russia Agree to Expansion
Sep. 2 2010, 5:16 EST
[Read More]
Qatar to Celebrates Achieving 77M
Sep. 2 2010, 5:13 EST
[Read More]
Gas Problem for Norway and Russia
Sep. 2 2010, 5:11 EST
[Read More]
Alaska’s Crude Output Drops 4.4 pct
Sep. 2 2010, 5:10 EST
[Read More]
China Plans Offshore Oil Expansion
Sep. 2 2010, 5:09 EST
[Read More]
Russia Holds Aug. Oil Output
Sep. 2 2010, 5:07 EST
[Read More]
[ click here ]
FaceBook  |   Twitter
Home | Subscribe | Articles | Commentary | Stocks | Faq | About Us | Contact Us | Subscribers Only | RSS | All News
Advertise With Us