Iran’s Caspian oil giant
Less than a year after Iran discovered a huge gasfield in its territorial waters in the Caspian Sea, National Iranian Oil Company (NIOC) has reported a huge oilfield discovery in the same area.
natural gas reserves
The Falklands are a smokescreen
The publication of a report by Argentina's Energy Institute (IAE) this month on the state of the country's energy sector has confirmed to many observers the decline of the past decade.
Africa . . . a continent on the move
AFRICA is on an upward growth curve. This growth is underpinned by a long-term process of economic and regulatory reform that has occurred across much of the continent since the end of the Cold War -- a period in which inflation has been brought under control, foreign debt and budget deficits reduced, state-owned enterprises privatised, regulatory and legal systems strengthened, and many African economies opened up to international trade and investment.
Petrobras joins East Africa hunt
BRAZIL'S semi-state operator, Petrobras, has decided to join the hunt for oil and gas resources offshore Tanzania, starting next month .
Russians drawing up Arctic plan
THE Russian Security Council has called for its ministries overseeing land use in the Russian Arctic to draw up a plan for development of the region's petroleum resources.
The ultimate energy answer? It’s 42
According to BP, 42 years is how long the world's remaining proved oil reserves will last. The company also believes that, based on 2008 consumption levels, natural gas reserves will last 60 years and coal supplies for 122 years. The calculations assume constant 2008 consumption rates.
Oil and gas bonanza lies north of Arctic Circle
AROUND 90billion barrels of oil and a third of the world's undiscovered natural gas lie beneath an area north of the Arctic Circle, according to a new survey.