Recently added articles from Petroleum Intelligence Weekly:
Party's over for Libya's Epsa-4 pioneers.
Dec 07, 2009 ... One by one, the international oil companies (IOCs) that rushed into Libya to participate in the country's first two hotly contested Epsa-4 bid rounds in 2005 are preparing to pull out as their five-year exploration licenses approach expiry. But despite the tricky year operators have ...
High stakes for bidders in Iraq's second round.
Dec 07, 2009 ... Executives from the world's leading national and international oil companies will travel to Baghdad later this week for Iraq's second postwar licensing round, in which bidding will take place Dec. 11-12. While the first round in June was focused on increasing output from huge oil fields ...
November surge sees surplus top 2 million b/d.(Statistical data)
Dec 07, 2009 ... The surplus in global oil markets topped 2 million barrels per day in November, according to preliminary PIW soundings, thanks to the combination of a 356,000 b/d surge in supply to 86.515 million b/d and another month-on-month decline in demand. After reaching 85 million b/d in September, ...
Private firms fuel India's asset ambitions.
Dec 07, 2009 ... Indian oil companies are on the prowl for international assets once again, but this time it is the private sector rather than the state that is leading the charge. Reliance Industries has offered around $12 billion in cash for bankrupt chemicals giant LyondellBasell, while its smaller ...
Russia, Nigeria lead drop in gas flaring.
Dec 07, 2009 ... Policymakers gathering in Copenhagen later this month to discuss how to limit greenhouse gas emissions into the earth's atmosphere will be heartened to learn that worldwide flaring of natural gas fell last year, but alarmed at how much flaring is still taking place. Gas flaring volumes ...