Industrialized Cyclist Notepad


Oil Companies Spending More, Producing Less

via James Hamilton via WSJ: http://econbrowser.com/archives/2014/01/big-oil-companies-spending-more-and-producing-less

costlyquestwsj
click to enlarge



Last Chance
June 4, 2013, 10:39
Filed under: Uncategorized | Tags: , , , , ,

“The current talks will be the last chance,” Barzani said in an interview at his presidential office outside the Kurdish capital Arbil. “There has been a softening of their (Baghdad’s) position, but practically speaking there has been no progress”.

“Either we will be able to reach an agreement… or we will have to think of a new form of relations between the region and Baghdad,” he said, declining to elaborate.

via Iraqi Kurd leader says Baghdad talks last chance | Reuters.

What incentive do the Kurds have to stick with Baghdad?



Don’t Worry, It’s Not Oil

I’m sure you’ll be able to sell your house, no problem..

Many photos of Exxon’s Mayflower, Arkansas spill (definitely not oil) via EPA On-site Coordinator website: http://epaosc.org/site/image_list.aspx?site_id=8502

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Canada-US pipeline map

The Pegasus line through Arkansas is spewing its contents into a subdivision.

pipelinemap
click to enlarge



Exxon, Chevron, Total, Statoil Stoke Fires in Kurdistan as Tony Hayward Waits for Pipe

The Kurdish region plans to increase output to 2 million barrels a day by 2019, Michael Howard, an adviser to Kurdistan Natural Resources Minister Ashti Hawrami, said in a June 10 phone interview. It has signed energy agreements with about 50 companies and plans to increase output to 1 million barrels a day by 2015 from about 300,000 barrels a day now, he said.

Kurdish authorities recognize production-sharing agreements, which give investors a share of any oil they may produce, whereas Iraq’s Oil Ministry offers only fee-based service contracts. This has attracted interest from investors such as Norway’s Statoil ASA (STL) that are unhappy with the central government’s contract terms for exploration and production.

Exxon Mobil Corp., Chevron Corp. and Total SA (FP) are flouting warnings by the government against seeking separate deals with the Kurds, whom Iraq’s Oil Ministry accuses of “smuggling” oil from the country.

via Tony Hayward Loads Trucks With Kurdish Oil Awaiting Pipe: Energy – Bloomberg.



Kurdish oil in the balance

As Iraqi production reportedly tops 3 mbd.

Exploration in northern Iraq has been held back in part by disputes between the central government and the autonomous Kurdish region over control of fields in Kurdish provinces.

The central government says it alone has the right to export Iraqi oil, and adds that deals signed by foreign firms with the Kurdish regional authorities, such as one announced by ExxonMobil, are illegal.

Luaibi repeated earlier remarks by Iraqi officials that an announcement on the Exxon deal would be made soon.

Luaibi said Iraq’s central authorities had received only 65,000 bpd of oil – less than half the 175,000 bpd they had expected – from the Kurdish region since the start of the year.

The central authorities say they suspect that missing Kurdish oil is being illegally exported abroad

via UPDATE 1-Iraq oil output over 3 mln bpd; first time in decades | Reuters.



U.S. Refineries ranked by output

Top U.S. Refineries – Energy Information Administration. Energy Rankings.



Exxon predicts
December 10, 2011, 06:02
Filed under: Uncategorized | Tags: , , , , ,

http://www.buffalonews.com/business/article666169.ece




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