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RIGZONE - Iraq to Sign $1.2B Oil Service Deal with China

Iraq will sign a $1.2 billion oil service contract with China to replace a production-sharing deal agreed under Saddam Hussein, an Iraqi newspaper quoted oil minister Hussain al-Shahristani as saying on Tuesday.

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Russian convoy moves deeper inside Georgia: witness | Reuters

A Russian military convoy advanced to a village 45 km (30 miles) from Tbilisi on Friday, in the deepest incursion since conflict with Georgia erupted last week.

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U.S. ship heads for Arctic to define territory | Reuters

A U.S. Coast Guard cutter will embark on an Arctic voyage this week to determine the extent of the continental shelf north of Alaska and map the ocean floor, data that could be used for oil and natural gas

Tags: map, alaska, artic, oil, energy, healy, arctic on 2008-08-11 -All Annotations (0) -About

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Bush warns Russia to pull back in Georgia

Bush warned Russia in his strongest comments since the fighting erupted over Georgia's separatist South Ossetia region last week to "reverse the course it appears to be on" and abandon any attempt it may have to topple Georgia's pro-western government.

Tags: warns, putin, russia, oil, pipe, line, gerogia, bush on 2008-08-11 -All Annotations (0) -About

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Iraq resumes oil exploration after 20-year break

Today the Iraqi oil ministry celebrates a return to work by Iraqi oil exploration teams after 20 years of interruption," ministry spokesman Assim Jihad told

Tags: 20-year, iraq, oil, exploration, reserves, opec on 2008-08-09 -All Annotations (0) -About

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The great oil bubble has burst - Telegraph

Bad news from the Baku-Tbilisi-Ceyhan pipeline - an installation that may not normally draw much of your attention, but which is a throbbing artery of global energy supply, carrying vital oil supplies from Central Asia towards a tanker terminal on the Turkish coast.

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Video: Georgia says Russian tanks mean 'war' in South Ossetia - Times Online

Oil from Caspian comes through Georgia to Europe.

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Interview: Bush warns Brown over plan to cut Iraq force

It appears that more European countries are beginning to see a huge threat from Al Qaeda and are now on board with America to defeat the threat.

Tags: bush, brown, blair, al, qaeda, oil, saudi, economy on 2008-07-14 -All Annotations (0) -About

in list: IRAQ Improvements

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George Bush flies into London today with a warning for Gordon Brown not to announce a timetable for a British pull-out from Iraq
The stern message to the Prime Minister was delivered during an exclusive interview with The Observer, and contrasted with praise for Tony Blair
the world is in an 'ideological struggle' and that 'ultimately freedom has to defeat the ideology of hate'.
He said American and British troops were not 'intentionally killing innocent people', that large numbers had been deliberately killed by Saddam in the years before the war, and that Iraqis were now living under an elected government in a 'free society'.
He had already been urging King Abdullah of Saudi Arabia to increase production.
And the truth of the matter is that there's either got to be more supply or less demand. And demand doesn't decline overnight' - particularly with 'big consumers of hydrocarbons' such as China 'subsidising their populations'.

Deals with Iraq are set to bring oil giants back

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Al Qaeda in Iraq Ramps Up Its Racketeering

Is this a sign that Al Qaeda in Iraq (AQI) is on the wane? Yes, according to both U.S. and Iraqi sources, who base at least some of their information on intel gleaned from captured insurgents. Sources in Iraq have told NEWSWEEK that AQI is hitting a cash crunch and is increasingly turning to crime to help finance its deadly operations.

Tags: oil, theft, iraq, al, qaeda, crime, inssurgent, zarqawi, aqi on 2008-07-14 -All Annotations (0) -About

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BBC NEWS | Business | French firm quits Iran gas deal

The head of French energy giant Total has said it will not invest in Iran because it is too politically risky.

Tags: Iran, missiles, oil, development, total, french, risk, nuclear, gas, export, quits on 2008-07-10 and saved by2 people -All Annotations (0) -About

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Fears, Again, of Oil Supplies at Risk - New York Times

That sympathizers of Osama bin Laden sink three oil tankers in the Strait of Hormuz and choke off the narrow, bow-shaped channel that funnels 14 million barrels a day from the Persian Gulf to the rest of the world.

Tags: iran, iraq, israel, u.s.a., bin, laden, oil, global, economy, fears on 2008-07-03 and saved by2 people -All Annotations (0) -About

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By attacking oil supplies or the Middle East regimes themselves, Mr. bin Laden's supporters would strike a powerful blow against the West.
the proof of their support for the West is in the oil that OPEC nations continue to ship, recently forgoing a production cut even as they faced falling prices that rob them of revenue.
countries have taken the politically risky position of siding with the West, however quietly, in the campaign against Mr. bin Laden, thereby alienating many of their own citizens. And the proof of their support for the West is in the oil that OPEC nations continue to ship, recently forgoing a production cut even as they faced falling prices that rob them of revenue.
''If bin Laden takes over and becomes king of Saudi Arabia, he'd turn off the tap,'' said Roger Diwan, a managing director of the Petroleum Finance Company, a consulting firm in Washington. ''He said at one point that he wants oil to be $144 a barrel'' -- about six times what it sells for now.
The United States gets only about 13 percent of its daily dose of oil from the Persian Gulf states, and that is down from 23 percent a decade ago. But those countries produce 18 percent of the world's oil, and a significant disruption in their output would set off price spikes, if not outright shortages.

My Way News - Iran says any attack would provoke fierce reaction

More noise from Iran

Tags: provoke, fierce, iran, oil, export, israel, u.s.a, strike, attack, nuclear on 2008-07-02 -All Annotations (0) -About

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Iran says Gulf oil route at risk if attacked | Reuters

"Regarding the main route for exiting energy, Iran will definitely act to impose control on the Persian Gulf and Strait of Hormuz," Jafari said of the Gulf waterway through which about two-fifths of all globally traded oil passes.

Tags: nuclear, iran, oil, hormuz, strikes, war, iaea, 40%, gulf, attacked on 2008-06-29 -All Annotations (0) -About

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"Regarding the main route for exiting energy, Iran will definitely act to impose control on the Persian Gulf and Strait of Hormuz," Jafari said of the Gulf waterway through which about two-fifths of all globally traded oil passes.
The Revolutionary Guards are the ideologically driven wing of Iran's military with air, sea and land capabilities, and a separate command structure to regular units.
Jafari warned neighbors not to let their territory be used.
"If the attack takes place from the soil of another country ... the country attacked has the right to respond to the enemy's military action from where the operation started," he said.
Supreme Leader Ayatollah Ali Khamenei, has in the past said Iran would target U.S. interests if attacked.
"Israelis know if they take military action against Iran ... the abilities of the Islamic and Shi'ite world, especially in the region, will deliver fatal blows," Jafari said, adding that Israel was in range of Iranian missiles.

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MCCAIN: THE LEXINGTON PROJECT ENERGY INDEPENDENCE BY 2025

MCCAIN: THE LEXINGTON PROJECT program is AT LAST the knife that will help destroy the OIL criminals who cannot practive FREE MARKET principles. Eat sand ...mid-east market maniupulators.

Tags: enery, independence, mid-east, freedom, oil, crude on 2008-06-26 and saved by2 people -All Annotations (0) -About

in list: Energy Resources

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Iraq to award oil contracts to foreign firms - Yahoo! News

BAGHDAD (AFP) - Iraq will award contracts to 41 foreign oil firms in a bid to boost production that could give multinationals a potentially lucrative foothold in huge but underdeveloped oil fields, an official said on Sunday.

Tags: oil, contracts, iraq, foreign, law, u.s.a., intrastructure on 2008-06-22 -All Annotations (0) -About