Interesting news on Saudi and other new oil projects

[tkobo]

http://www.telegraph.co.uk/finance/news ... aches.html

http://www.ft.com/cms/s/0/0a3e2d12-9670 ... ck_check=1

Not about new oils or gas finds, they are about gas and oil surplusses.

[tkobo]

Not about a new oil find, but instead about shifts in the international industry.

Russia is now worlds number one oil exporter.
As OPEC has been cutting its output to try and drive up and /or keep up world oil prices,Russia has increased its production to capitalize on OPECs cutbacks.And Russia is still expanding its oil production, rather vigorously in fact.



http://www.bloggingstocks.com/2009/09/0 ... t-oil-exp/

[Lightbringer]

While Greenies throttle ours more every day...

[tkobo]

http://www.energy-daily.com/reports/Bra ... d_999.html

Petroleo Brasileiro SA, Brazil's state-controlled oil company, says its tests show the Guara deepwater offshore field holds between 1.1 billion and 2 billion barrels of oil and initial production may start in 2012 with 50,000 barrels of oil equivalent a day.

[Hundane]

Seemed appropiate to post this here:

http://www.businessweek.com/globalbiz/c ... 736291.htm

I think there was a game that came out and had this in thier storyline, hmmmmmmmm what game was that. Ill have to look it up.

[The Khan]

Seemed appropiate to post this here:

http://www.businessweek.com/globalbiz/c ... 736291.htm

I think there was a game that came out and had this in thier storyline, hmmmmmmmm what game was that. Ill have to look it up.

Ah, I know it! Supreme Ruler 2009!

[George Geczy]

From Business Week:
a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

A new Gulf nation currency, printed on oil solids, using oil based inks, stuffed in oil-skin bags


I guess the one thing we missed in our storyline was the movement towards gold in the mix, as well as these "other currencies"... though I guess when you mix them all up in a blender (add oil to keep it liquid), you end up with our Supreme Ruler 2020 "World Currency"

[tkobo]

Be very interesting if it happens.

[The Khan]

Trade all oil in Khandollars! Khandollars are the future!

[tkobo]

This is about new techs used to get more oil from old wells.It will be interesting to see if this ties into that "oil theory mentioned above" in the future.

http://online.wsj.com/article/SB1000142 ... Collection

The company hopes eventually to coax out as much as 80% of the field's oil compared with the 30% that is typical in many fields around the world.

[tkobo]

http://www.bloomberg.com/apps/news?pid= ... ZHMvPSclOA

Chevron found gas in the Achilles-1 exploration well, about 160 kilometers (100 miles) northwest of Onslow in the Gorgon area, the San Ramon, California-based company said in a statement today.

[tkobo]

http://www.bloomberg.com/apps/news?pid= ... wxVFJOOnOA
Angola

http://www.businessweek.com/bwdaily/dnf ... exclusives
Brazil

[tkobo]

http://www.energy-daily.com/reports/Fal ... f_999.html

An oil exploration rig is being moved to the Falkland Islands from the UK .Its being said that there are huge oil and gas fields there, that could be as big as 60 billion barrels of oil....They dont know for sure the extent yet, and estimates have run the ranges as far back as 2001.

This wont make the Argentinian gov happy

[tkobo]

http://www.news.az/articles/4271
New "opec" to form on natural gas, russia to lead it ?

[fool]

Did you post this, btw? It came up a few weeks ago, but I can't remember if anyone noticed.
http://www.telegraph.co.uk/news/worldne ... onomy.html

"Scientists believe that the territory could have up to 60 billion barrels of oil underneath its coastal waters. "