Home
Arabica Robusta's Library tagged → View Popular
Exxon Said to Pay $4 Billion for Stake in African Field - NYTimes.com
"While major companies like Exxon have focused on developing large oil and gas projects, much of the riskier and more prospective exploration has been undertaken by smaller, independent producers like Anadarko Petroleum, Tullow Oil and Kosmos. "
The demise of the dollar - Business News, Business - The Independent
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.
-
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking
sources in Hong Kong, may help to explain the sudden rise in gold prices,
but it also augurs an extraordinary transition from dollar markets within
nine years.
International Crisis Group - B65 Tchad: sortir du piège pétrolier
-
Add Sticky Noteoil has become a means for the regime to strengthen its armed forces, reward its cronies and co-opt members of the political class. This has further limited political space for the opposition and helped keep the country in a state of political paralysis that has stoked the antagonism between the regime and its opponents. As a result, there is recurrent political instability that is likely to ruin all efforts to use oil for the benefit of the country and its enduring stability. For the people who have not seen their lives improve and who are subjected to increased corruption, oil is far from a blessing. Given the current situation, the following measures should be taken to extricate Chad and its external partners from the petroleum trap:
- This report attempts simply to assign the "oil curse" appellation to Chad, as well as to promote the same institutional changes that were supposed to be in the original projects. Instead, one should ask: Why is oil flowing well while the country continues to implode? Why is this situation very similar to the history of the Niger Delta? - on 2009-10-05
Oilfield Jobs. Oil & Gas Jobs, Oilfield Employment Tips
Information and resources about oil rig jobs offshore and on land rigs.
BBC NEWS | Africa | Shell to appeal Nigerian eviction
Royal Dutch Shell has appealed a Nigerian court order requiring it hand over the site of a key base in the oil-rich but impoverished Niger Delta.
A high court in Rivers State ruled in July that the site of the Bonny lifting terminal belonged to the local community, not the oil multinational.
BBC NEWS | Africa | 'Blood oil' dripping from Nigeria
Under cover of night dozens of barges queue up to dock at a jetty in a creek somewhere in Nigeria's oil-rich Niger Delta.
Their holds are filled with stolen oil running from valves illegally installed into a pipeline.
![An illegal tap put in a pipeline [photo courtesy of legaloil.com]](http://newsimg.bbc.co.uk/media/images/44857000/jpg/_44857863_legaloil_valve_226.jpg)
Africa: The Next Victim in Our Quest for Cheap Oil | ForeignPolicy | AlterNet
-
What have you learned from your experience on the book?
MW: I have learned several things. The first is that oil is not always a curse, meaning that oil dependency does not always produce poverty or conflict or corruption. It did not in Norway or the U.K. But vast oil wealth captured by oil-producing governments always places the question of how that wealth is to be allocated and spent at the center. If oil is inserted into a corrupt federal system, then the combination of non-transparent Big Oil and authoritarian Big Government produces a perfect storm of violence, corruption, ecological destruction and poverty. And this storm will have a huge blowback.
Petrobras to pump Nigerian oil field
Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.
The oil crisis in global context
the context is dramatically different from that of the economic crisis of the '70s. Today, there is no crisis of balance of payment (so far) and there is lots of foreign exchange reserves. There are vibrant domestic markets in India and China. In fact, the growth is sustained by the economic growth in Asia.
Harvard Political Review - Oil and Development in Africa
The Chad-Cameroon pipeline, a World Bank-sponsored project aimed at bringing Chadian oil to Cameroon ’s Atlantic ports, represents successful cooperation between governments, oil companies, NGOs, and international monetary bodies. If oil-rich African states continue to forge such partnerships, the chances of cashing in on the development potential of mineral wealth will be greatly increased.
BBC NEWS | Africa | Chad's oil watchdog 'powerless'
A committee set up to oversee oil revenues in Chad has protested about lack of resources from the government and oil company involved.
The central African state became an oil producer last year.
The committee was set up under a World Bank plan to tr
-
a senior member said neither Exxon Mobil - which has built a pipeline to export the crude - nor the government were providing sufficient information.
A rather staid anti-corruption conference in London came alive when Therese Mekombe, vice-president of the Chadian oversight committee, got up to speak. -
He said the Chadian economy was set to grow by more than 20% a year as a result of oil revenues.
But Mrs Mekombe continued to paint a negative picture of both the oil company and the Chadian government.
Energy | Double, double, oil and trouble | Economist.com
As different as these theories are, they share a conviction that something has gone badly wrong with the market for oil. High prices are seen as proof of some sort of breakdown. Yet the evidence suggests that, to the contrary, the rising price is beginning to curb demand and increase supply, just as the textbooks say it should.
-
As different as these theories are, they share a conviction that something has gone badly wrong with the market for oil. High prices are seen as proof of some sort of breakdown. Yet the evidence suggests that, to the contrary, the rising price is beginning to curb demand and increase supply, just as the textbooks say it should.
They're wrong about oil, by George | Anatole Kaletsky - Times Online
consider the situation today in oil markets: the Gulf, according to Mr Rothman, is crammed with supertankers chartered by oil-producing governments to hold the inventories of oil they are pumping but cannot sell. That physical oil is in excess supply at today's prices does not mean that producers are somehow cheating by storing their oil in tankers or keeping it in the ground. All it suggests is that there are few buyers for physical oil cargoes at today's prices, but there are plenty of buyers for pieces of paper linked to the price of oil next month and next year. This situation is exactly analogous to the bubble in credit markets a year ago, where nobody wanted to buy sub-prime mortgage bonds, but there was plenty of demand for “financial derivatives” that allowed investors to bet on the future value of these bonds.
-
To see that these “fundamentals” are all irrelevant, we have merely to ask which of them has changed in the past nine months. The answer is none. The oil markets didn't suddenly discover China's oil demand nine months ago so this cannot explain the doubling of prices since last August. In fact, China's “insatiable” demand growth has decelerated. In 2004 it was consuming an extra 0.9 million barrels a day; in 2007 it was consuming just an extra 0.3 mbd. In the same period global demand growth has slowed from 3.6 mbd to 0.7 mbd. As a result, the increase in global demand growth is now well below last year's increase of 0.8 mbd in non-Opec production, according to Mike Rothman, of ISI, a leading New York consulting group.
-
Now consider the situation today in oil markets: the Gulf, according to Mr Rothman, is crammed with supertankers chartered by oil-producing governments to hold the inventories of oil they are pumping but cannot sell. That physical oil is in excess supply at today's prices does not mean that producers are somehow cheating by storing their oil in tankers or keeping it in the ground. All it suggests is that there are few buyers for physical oil cargoes at today's prices, but there are plenty of buyers for pieces of paper linked to the price of oil next month and next year. This situation is exactly analogous to the bubble in credit markets a year ago, where nobody wanted to buy sub-prime mortgage bonds, but there was plenty of demand for “financial derivatives” that allowed investors to bet on the future value of these bonds.
Unilever makes sustainable palm oil pledge - Telegraph
Greenpeace singled out Unilever as a target for demonstrations recently because, it alleged, the company's suppliers were destroying orang-utan habitats and clearing Indonesia's peatland rainforests to plant palms.
Selected Tags
Related Tags
Sponsored Links
Top Contributors
Groups interested in oil
-
Transition Towns
Items: 15 | Visits: 102
Created by: fred first
-
America's Government Data
This link provides ALL publ...
Items: 20 | Visits: 211
Created by: liveinfreedom .
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo