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Monthly Archives: December 2009
U.S. firms lag in bids to develop Iraqi oil fields
BAGHDAD — Chinese, Russian and European companies won the right this weekend to develop major oil fields in Iraq, while U.S. firms made a paltry showing at auctions that represent the first major incursion of foreign oil companies into Iraq in four decades.
Original post by Ernesto Londo�±o
Posted in Uncategorized Comments closed
Widespread oil theft by drug traffickers deals major blow to Mexico’s government
MALTRATA, MEXICO — Drug traffickers employing high-tech drills, miles of rubber hose and a fleet of stolen tanker trucks have siphoned more than $1 billion worth of oil from Mexico’s pipelines over the past two years, in a vast and audacious conspiracy that is bleeding the national treasury,…
Original post by Steve Fainaru and William Booth [...]
Posted in Uncategorized Comments closed
Iraqi Oil Ministry reaches 10 deals with foreign oil companies
BAGHDAD — Despite concerns about violence and political instability, the Iraqi government managed to attract major oil companies to rebuild its ailing infrastructure during two auctions that concluded Saturday.
Read the original post by Ernesto Londo�±o
Posted in Uncategorized Comments closed
Brazil girds for massive offshore oil extraction
Everything about the shipyard here is colossal — the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms.
Original post by Juan Forero
Posted in Uncategorized Comments closed
An energy answer in the shale below?
The first time Chesapeake Energy tried to buy mineral rights from Diana Whitmore, a 74-year-old retired real estate broker in southern New York, it offered her $125 for every acre of land plus a 12 percent royalty on whatever natural gas it extracts.
Original post by Steven Mufson
Posted in Uncategorized Comments closed
Exxon Mobil to buy natural gas specialist