Tag Archives | Darrell Delamaide

Oil - proved reserves.

Middle East Producers See More Heavy Oil in their Future

Image via Wikipedia Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told. Bahrain’s oil minister, Abdulhussain Mirza, told the Heavy Oil World MENA conference that heavy oil reserves in the region were estimated at […]

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Locator for Baffin Bay.

Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters

Image via Wikipedia While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in the iceberg-infested waters off Greenland. The island, an autonomous territory under Danish sovereignty, this week conducted an auction for 14 blocks in […]

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Alaska pipeline project may cost as much as $40 billion

Two competing projects for a natural gas pipeline from Alaska to the lower 48 states put the cost somewhere between $32 billion and $40 billion, even as the explosion of shale gas production calls the whole enterprise into question. The Denali project backed by ConocoPhillips and BP this week filed details with regulators that estimated […]

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