Al Qaeda Attacks Oil Interests in Yemen

April 10, 2008By Andy RowellBlog Post

Things are certainly hotting up for foreign oil companies in Yemen. A blast shook an area near the headquarters of Canadian oil company Nexen in the capital Sanaa yesterday. The blast followed Sunday’s mortar attack by an Al Qaeda terrorist organization on a residential complex in Yemen that houses executives and the headquarters of Safer … Read More

World Oil Output Struggling, Say Arab Experts

October 31, 2007By Andy RowellBlog Post

Leading figures from the Middle East oil industry have added their voices to those warning that the world is struggling to sustain rising oil production. “There is a real problem — that supply may not be possible to increase beyond a certain level, say around 100 million barrels,” Libya’s National Oil Corporation chairman Shokri Ghanem … Read More

Kuwait: We have 100 Billion Barrel Oil Reserve

July 12, 2007By Andy RowellBlog Post 1 Comment

OPEC-member Kuwait has reconfirmed that its oil reserves are 100 billion barrels, disputing a report that the figure was around half that amount. “We confirm that Kuwait’s oil reserves are 100 billion barrels,” acting oil minister Mohammad al-Olaim told reporters after briefing parliament in a closed-door session about the levels of reserves in the Gulf … Read More

Trouble in the Colonies

July 5, 2007By Mark FloegelBlog Post

The Fourth of July was cool and rainy in Vermont, as it seems to be with surprising regularity. I suppose that’s why my town sets off its fireworks on the evening of July 3rd, which was perfect for pyrotechnics this year. Fireworks finished, I had all day Wednesday to contemplate this year’s version of American … Read More

Britain Slashes Reliance on Middle Eastern Oil

July 5, 2007By Andy RowellBlog Post

Just as the debate rages of Iraq’s oil law, new government figures show that Britain is now importing only the tiniest fraction of its oil from the Middle East, sourcing its crude instead from the Americas, Africa and Norway. An analysis by UK government officials reveals how dramatically the map of UK oil sources has … Read More

Middle East Oil Firm Buys into Alberta’s Oil

May 30, 2007By Andy RowellBlog Post

In what is being described as a startling reversal of history, a Middle Eastern energy company is pushing into the Canadian oil and gas market looking for secure supplies. Abu Dhabi National Energy Company has said it has struck a deal to buy Northrock Resources Ltd., a Calgary-based oil and gas exploration firm, for $2-billion … Read More

BG Group to Supply Gaza Gas to Israel

May 23, 2007By Andy RowellBlog Post

This is a really hot political potato. The British BG Group is poised to agree the terms of an historic $4 billion deal to supply Palestinian gas to Israel from a discovery off the Gaza coastline. Representatives from BG are due to thrash out a 15-year contract with the Israeli Cabinet next week. Despite the … Read More

Miliband: We Should Focus on Costs of Middle East Oil

March 28, 2007By Andy RowellBlog Post

The UK Environment Secretary David Miliband has said that dealing with climate change does not only help the environment but bring a “peace dividend” because the world’s “oil dependence creates real danger”. Mr Miliband said it was “right” for a growing movement in the US to push for energy independence in the United States, “focusing … Read More

Chomsky: US Foreign Policy Driven by Oil

March 9, 2007By Andy RowellBlog Post

A great article by Noam Chomsky in today’s Guardian arguing that “Washington’s escalation of threats against Iran is driven by a determination to secure control of the region’s energy resources.” For the US, writes Chomsky, “the primary issue in the Middle East has been, and remains, effective control of its unparalleled energy resources. Access is a … Read More

New Oil Finds in Sunni Iraq

February 20, 2007By Andy RowellBlog Post 1 Comment

Although huge petroleum deposits have long been known in Iraq’s Kurdish north and Shiite south, Iraq has substantially increased its estimates of the amount of oil and natural gas in deposits on Sunni lands, especially in Anbar province. Iraq has quietly been paying foreign oil companies tens of millions of dollars over the past two … Read More