Oil Watch: Drill Baby Drill
Updated: 2013-01-31 12:00:44
: The Oil Drum Discussions about Energy and Our Future Ten Reasons Why High Oil Prices Are a Problem The Oil Drum Oil Watch : Drill Baby Drill Posted by Euan Mearns on January 30, 2013 11:36am Topic : Supply Production Tags : baker hughes eia rig count saudi arabia shale gas shale oil united states list all tags Executive Summary In January 1995 there was a total of 1738 oil and gas rigs drilling globally excluding the former Soviet Union FSU By February 2012 that number had more than doubled to 3850. Global C+C+NGL production grew from 68 to 84 million bpd 24 over the same . period Global drilling for oil and gas is dominated by North America , in particular the USA . In January 1995 there were 737 oil and gas rigs drilling in the USA , 42 of the world total . By October 2011 this figure
By Brian Swint – Jan 31, 2013 8:04 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker North American fuel prices. Excluding one-time items and inventory changes, profit was $5.6 billion. That was below the $6.2 billion average estimate of 11 [...]
31 January 2013 Last updated at 07:41 Annual profits at Royal Dutch Shell have fallen to $27bn (£17bn), from $28.6bn in 2011. Profits for the last three months of the year rose to $7.3bn, against $6.5bn, but Shell was hit by generally weaker oil and gas prices during 2012. Peter Voser, chief executive of Europe’s [...]
(Reuters) – A Dutch court ruled on Wednesday that Royal Dutch Shell’s Nigerian subsidiary was responsible for a case of oil pollution in the Niger Delta and ordered it to pay damages in a decision that could open the door to further litigation. By Ivana Sekularac and Anthony Deutsch THE HAGUE | Wed Jan 30, [...]
A Dutch court has ruled that a subsidiary of international oil giant Royal Dutch Shell should be held responsible for pipeline leaks poisoning farmland in Nigeria. It was believed to be the first time a Dutch court has held a multinational’s foreign subsidiary liable for environmental damage and ordered it to pay damages. A Friends [...]
A Dutch court has rejected four out of five allegations against Anglo-Dutch oil giant Shell over oil pollution in Nigeria’s Niger Delta region. But it found a subsidiary of the firm, Shell Nigeria, responsible for one case of pollution, ordering it to pay compensation to a Nigerian farmer. 30 January 2013 Last updated at 13:02 [...]
Four Nigerian villagers from the Niger River delta have challenged mighty Shell in a Dutch court. They complain that the oil giant has caused environmental devastation and ruined their homes. A verdict in the unprecedented case is expected today. Battling Big Oil: How Four Nigerian Villagers Took Shell to Court By Nils Klawitter Four Nigerian [...]
…the reality is that despite condemnation by the UN Environment programme in 2011, despite Nigerian government promises, NGO fury and mounting despair in the communities, Shell’s oil spills go on, the gas flaring continues and the people of the delta remain as poor as ever. The verdict is due tomorrow. People affected in the Niger [...]
: About Sites We Like Our Bloggers Foreign Policy Blogs RSS subscribe Follow us on Twitter Join us on Facebook Foreign Policy Europe Asia Africa Americas Middle East Environment Humanitarian Economy Security America the Energy Superpower : An Update U.S . Role in the World by David J . Karl on January 28th , 2013 0 comments A regular theme on this blog here here here and here is how the marked surge in U.S . oil and natural gas production over the past several years is reviving America’s strategic prospects . The energy boom , which is due largely to innovations in extraction technology namely , hydraulic fracturing fracking” and horizontal drilling that have unlocked gas and oil deposits previously thought inaccessible within tightly-packed shale rock formations , is a key geopolitical
Since the first wave of nuclear reactors in 1970 to the on-going construction of Generation III+ reactors in Finland and France, nuclear power seems to be doomed to a cost escalation curse. If the curse is not stopped, nuclear power competitiveness will be compromised. On the one hand, construction expenses represent about 60% on the [...]
Thoughts Observations A Blog on our future Supported by : aarondunlap.net Slideshow Loading . Thursday , January 17, 2013 Why the Gun is Civilization By Marko Kloos Reproduced by permission of the . author Human beings only have two ways to deal with one another : reason and force . If you want me to do something for you , you have a choice of either convincing me via argument , or force me to do your bidding under threat of force . Every human interaction falls into one of those two categories , without exception . Reason or force , that’s . it In a truly moral and civilized society , people exclusively interact through persuasion . Force has no place as a valid method of social interaction , and the only thing that removes force from the menu is the personal firearm , as paradoxical as