Oil chief: my fears for planet
The head of one of the world’s biggest oil companies has admitted that the threat of climate change makes him “really very worried for the planet”.
Industry
Halliburton faces probe by US regulators
US regulators had formalised an investigation of whether a joint venture including Halliburton, the world’s biggest oilfield contractor, violated anti-bribery legislation to win orders for work on a Nigerian gas plant, the company said at the weekend.
BP defends oil reserve estimate method
BP PLC on Monday defended its method of estimating oil and gas reserves, and said that its figures would not show a “material” change when it recalculates them for submission to regulators in the United States.
BP may be forced to downgrade reserves
BP is preparing to downgrade up to 3 per cent of its oil reserves, according to investment bank Goldman Sachs.
CBS: Got Oil? (video)
Sharyn Alfonsi looks at reports that oil companies that claim to have growing reserves have not been able to match reserves with production. The companies may have been overstating supplies.
Raymond: Facing Some Of The Hard Truths About Energy
For a variety of reasons, we expect fossil fuels to provide about 80 percent of the energy used in 2020, and to increase — and I emphasize increase — in absolute magnitude by about 65 million oil equivalent barrels per day. Just how much is 65 million barrels per day? Well, it is close to eight times Saudi Arabia’s current crude oil production.
An Oil Enigma: Production Falls Even as Reserves Rise
Even as reserves have risen, ChevronTexaco’s annual output has fallen by almost 15 percent, and the declines have continued recently despite a company promise to increase production in 2002.
Colin Campbell interviewed after ASPO
Filmed on 27th May 2004 after The APSO 2004 Conference, in this Global Public Media Exclusive Interview, Colin Campbell speaks with Julian Darley in Berlin on The ASPO 2004 Conference, the Rimini Protocol, Shell and Saudi Arabia, and Iraq.
Violence could force Shell out of Nigeria’
Consultants tell oil group its policies have fed mounting strife in Nigeria, which is home to 10% of its output
Full text of Dick Cheney’s speech at the Institute of Petroleum Autumn lunch, 1999
Full text of a lost speech. “By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?… Oil is unique in that it is so strategic in nature. We are not talking about soapflakes or leisurewear here. Energy is truly fundamental to the world’s economy.”
The boom that only oils the wheels of corruption in Equatorial Guinea
When oil was found in 1996 in Equatorial Guinea, the former Spanish colony in West Africa was one of the poorest countries in the world. Today, this small and sparsely populated country of 465,000 inhabitants has an offshore production of 350,000 bpd, making it the third largest sub-Saharan producer of oil, behind Nigeria and Angola. According to the African Development Bank, a year after oil was found, gross domestic product went up 76 %.
Raymond urges “constructive relationships” with oil-producing nations
“We simply do not yet have the economic solutions or technologies that would permit us to meet future energy demands without carbon emissions growth,” Exxon Mobil chairman Lee R. Raymond said.