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Interesting math from Reuters as Brent tops 120
Crude oil output from the North Sea, home of the global Brent benchmark, is set to fall in March for a third month due to maintenance work and natural aging of oilfields there. Supply will average 2.18...
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Sometimes you have to go to Canada to find people who understand the concept...
Like this Eric Reguly character of the Globe and Mail: Why hasn’t the high price triggered a production surge? The biggie, it seems, is that the non-OPEC countries are simply not up to the job. As...
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UK Oil production quietly plummeting
For any modern nation, a 22% decline in oil production would be significant over the course of a decade. A 22% drop over a mere 12 months ought to be front-page news, yet this radical decline has...
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Elgin gas leak
Another monster from the deep. A cloud of gas was reported to be surrounding the platform, which is located 150 miles (240km) off Aberdeen. Workers from a second platform and drilling rig have been...
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Total would like you to forget that it has two gas leaks spewing right now
Maybe if they only talk about one of them, the public will think it’s the only one… The leak at its Obite natural gas site has forced the company to evacuate those nearby and led to daily monitoring of...
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US oil consumption and oil price in Brent
Via Stuart Staniford’s Early Warning: http://earlywarn.blogspot.com/2012/04/us-oil-consumption-and-oil-prices.html However, it’s also worth noting that the price required to make consumption decline...
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Falkland Islands Oil
From oilvoice.com: http://www.oilvoice.com/n/Falkland_Islands_The_New_North_Sea/614e4d43b.aspx The prospect of the Falkland Islands developing into a major oil producing region has captured the...
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WTI catches back up to Brent
West Texas Intermediate crude became more expensive than Brent for the first time in almost three years as pipeline and rail shipments helped clear a bottleneck that reduced the price of the U.S....
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North Sea
Long peaked, declining rapidly and getting really expensive. The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders. Trade body Oil and Gas UK says...
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Total spewage
I don’t think he was supposed to say that… PARIS (Dow Jones)–Drilling relief wells near the Elgin oil rig in the North Sea to stop a natural gas leak may take more than six months, French oil major...
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