From Alexander's Gas & Oil..................
Dear Reader,
On April 3 and 4, a think-tank took place in Washington on Natural Resources and the questions that come up looking at the future that is racing towards us. I had the pleasure and honour to chair one session on Renewable Energy and speak in another session, the title of my speech being ‘The Human, The Planet and its Resources’, addressing, via a 5 Intelligence Model, some of the big questions around the global resource situation facing us. It was a rich gathering, amazingly non-political, organised by the organisation ‘The Dialogue’ that has recently been created by Dr. Masood from Pakistan, in Dubai. The gathering was attended by top-specialist from 14 countries including China, Russia, India, Pakistan, USA, Turkey, Saudi Arabia, Japan, UK, Germany and more, who spoke from their expertise about the global oil and gas-situation, looking at a way forward. It was very refreshing to hear people speak freely, not restricted by politics or other considerations.
It became clear that whilst so many meetings take place and so much talk is going on, the complexity and vastness of the situation makes it very difficult to address the many issues involved in greater depth. We were told of the expected gap between supply and demand in the future, but not what was being done about it or what would need to be done. Two experts spoke about nuclear, but the issues of waste and decommissioning was skilfully avoided. We were told about the increase in production and supply from especially the Middle East, but could not go into the consequences of it being in short of what probably will be needed. And in the session on the possibility of resource-wars, one person from a US think-tank kept talking about containing China, speculating about sea-lane control, and that China would need to reduce demand, bypassing the fact that the average US-citizen uses about 10 times as much energy as the average Chinese.
The think-tank showed how vast and complex the issue is and that it is important that we start looking at it NOW, as it will take many years for us to find the way of thinking and the perceptions and intelligence needed to deal with what is coming.
As Einstein already said: ‘The thinking that brought you into trouble will not bring you out of it.’ The question is of course whether we are aware of our current way of thinking and on what our future way of thinking would need to be based.
Keep safe.
Alexander
Of course I am open for reflections, thoughts, responses and questions at alexander@gas-oil-power.com
Issue #7 has been published on Wednesday, April 05, 2006.
The site has been updated with the following news stories:
News and Trends: Europe Malta considers link to European power grid Serbia holds gas infrastructure meeting Ministers agree on Arab gas pipeline extension to Turkey Denmark to award 14 new oil and gas licenses in North Sea US urges Norway and Russia to solve Barents Sea border dispute EU demands natural gas supply assurances from Russia France and Libya sign nuclear deal Caspian oil to be brought to Europe by Odessa-Brody-Plotsk pipeline UK eyes more aggressive investment in North Sea oil and gas fields The long goodbye to North Sea oil and gas Turkey offers to help Sudan prospect for oil and natural gas Wales is ideally placed to take the lead in green hydrogen power EU states mull proposals for new energy policy North Sea rigs offer oasis for marine wildlife EU needs investment of EUR 1 tn in energy sector EU sees Europe stronger with united energy market EU keen to buy Iranian gas despite nuclear row Go to News and Trends Europe
Middle East OPEC's March output falls Qatar against using country's crude on Futures Exchange Iran, India and Pakistan say proposed gas pipeline will boost ties Saudi Arabia: The sands run out Japan will not change promotion of Azadegan oil project in Iran Pakistan to give special status to Iran gas line Qatar to host rivalling oil bourse to Dubai's NYMEX The GCC's oil is not running out, but how big are the reserves? Is the Iran-Pakistan-India pipeline project alive and kicking? Swift recovery of Iraq's oil sector is unlikely US-Iranian showdown creates diplomatic tensions Oman assures India LNG supplies Iran to export gas to Oman India, Iran and Pakistan end pipeline talks without a deal Three alternate routes for Iran-Pakistan-India pipeline are being studied Iran reports on oil production Iran determined to supply energy to Asian states Iran to negotiate with Central Asian states on crude oil EU keen to buy Iranian gas despite nuclear row Go to News and Trends Middle East
Central Asia China to obtain old oil wells in Azerbaijan Kazakhstan postpones tenders for new oil blocks Turkmenistan threatens Ukraine to cease gas supply Russia and Azerbaijan clash over Caspian Sea gas pipeline Caspian oil to be brought to Europe by Odessa-Brody-Plotsk pipeline US and Kazakhstan strengthen energy ties Azerbaijan frustrates Russia's bid to control Caucasus energy grid Iran to negotiate with Central Asian states on crude oil Go to News and Trends Central Asia
CIS / Russia New Russia-China gas pipeline to be ready in five years Ukraine to produce more oil abroad Russia emerging as world's new oil kingpin Russian gas sector needs $ 11 bn per year investment Russian oil firms make net profit of $ 38-40 bn in 2005 Russia reports on oil production and exports East Siberia-Pacific Ocean oil pipeline project underway Mongolia interested to lay gas pipeline from Irkutsk region International experts to determine gas price for Ukraine Turkmenistan threatens Ukraine to cease gas supply US urges Norway and Russia to solve Barents Sea border dispute EU demands natural gas supply assurances from Russia Russia and Azerbaijan clash over Caspian Sea gas pipeline India wants Russia to take part in Iran-Pakistan-India pipe project Georgia to bar gas pipeline privatization Putin asks Japan to invest in Siberian oil field development Energy minister calls for global partners in Russian energy projects Georgia not to sell trunk gas pipeline Russian minister believes high oil prices hamper global economic growth Putin believes long-term contracts are key to global energy stability China, India and Russia increase cooperation to seek energy sources China is not satisfied with oil and gas cooperation with Russia Russian oil futures exchange to launch late 2006 Azerbaijan frustrates Russia's bid to control Caucasus energy grid Kyrgyz debt to Kazakhstan for gas reaches $ 19.5 mm Afghanistan's untapped oil and gas underestimated Go to News and Trends CIS / Russia
E & SE Asia China to obtain old oil wells in Azerbaijan New Russia-China gas pipeline to be ready in 5 years Indonesia claims remote blocks have 8.5 bn barrels of oil reserves Shanghai petroleum exchange opens in June China to use taxes to promote conservation of energy resources East Timor asks Japan for help with oil and gas venture Sudan's Chinese guardian Iran, India and Pakistan say proposed gas pipeline will boost ties India expects thirst for oil to pick up in coming months India is seeking oil assets abroad China's oil refining to increase Japanese solar market expected to grow 30-40 % a year Africa fills an important need for US and China Japan will not change promotion of Azadegan oil project in Iran Asia intensifies strife to secure bigger oil reserves Spillover from Korea's LNG plant business is 94 % China's move to widen tax on oil products will help energy efficiency Malaysia launches palm oil-based biofuel Pakistan to give special status to Iran gas line East Siberia-Pacific Ocean oil pipeline project underway Mongolia interested to lay gas pipeline from Irkutsk region Is the Iran-Pakistan-India pipeline project alive and kicking? China to boost oil refinery capacity Are the US and China forging a joint energy future? China ready for energy co-operation with US Putin asks Japan to invest in Siberian oil field development India wants Russia to take part in Iran-Pakistan-India pipe project Oman assures India LNG supplies India invited to join TAP gas line project India, Iran and Pakistan end pipeline talks without a deal Malaysia needs to brace for further hikes in fuel prices China, India and Russia increase cooperation to seek energy sources New strategic alliance targets greater oil and gas benefits for Australia China is not satisfied with oil and gas cooperation with Russia Three alternate routes for Iran-Pakistan-India pipeline are being studied Australia to quadruple its gas exports over next decade Plan addresses Australia's waning oil output Korea and Algeria form strategic partnership New areas in Timor Sea now open for business China and Australia keen about energy cooperation Pakistan and US to explore Pakistan's growing energy needs China aims for higher efficiency in oil sectors Iran determined to supply energy to Asian states Go to News and Trends E & SE Asia
Africa African oil refineries come under one umbrella Oil and electricity posed as major challenges for Namibia Ethiopia and Kenya discuss power connection Nigeria puts ten oil blocks up for sale Sudan's Chinese guardian Is Africa the next oil giant? Africa fills an important need for US and China Egypt-Turkey gas pipeline to bring peace to the region Nigeria raises alarm over gas adulteration France and Libya sign nuclear deal Kenya to buy power from Zambia to offset shortage Turkey offers to help Sudan prospect for oil and natural gas How will the US protect its oil interests in the troubled Niger Delta? Sudan's peace attracts investors to growing oil sector Interview with Mauritania's military leader Egypt looks to double gas exports in five to six years Korea and Algeria form strategic partnership Nigeria earns $ 2.9 bn from oil in January East Africa is trying to fix power crisis without running water Gambia to phase out leaded gasoline Go to News and Trends Africa
Latin America Argentina not to reduce gas supply to Chile Venezuela brings 510 MW of new thermal generation capacity online Oil firms in Argentina need to check reserves through external auditing Brazil plans second power auction Venezuela urges Bolivia and Uruguay to take part in pipeline project Bolivia and Uruguay invite Paraguay to join gas pipeline project IEA reclassifies Venezuelan heavy crude Brazil leading world in effort to boost use of ethanol as renewable fuel Mexican Cantarell oil field faces production decline Chavez is finding success as political and economic player Jamaica's third attempt at finding oil still full of uncertainties Go to News and Trends Latin America
North America Natural gas needs no dinosaurs to form Pipe corrosion is biggest threat on Exxon Valdez spill anniversary Bush administration expected to complete overhaul of fuel economy rules Does oil money buy influence in the Legislature? Africa fills an important need for US and China The Global Nuclear Energy Partnership (GNEP) plans The attack on the dollar and US energy needs America's military feels rise in fuel price US urges Norway and Russia to solve Barents Sea border dispute Are the US and China forging a joint energy future? China ready for energy co-operation with US US-Iranian showdown creates diplomatic tensions Lighter vehicles may win the oil endgame America's oil independence isn't the answer to our problems US and Kazakhstan strengthen energy ties Oil industry's biggest risk is the US administration Pakistan and US to explore Pakistan's growing energy needs Ex-CIA boss puts energy independence on front burner for US Carbon dioxide may help US to reverse oil decline Coalbed methane fever seizes Alberta Why should Canadians meet the energy appetite of 300 mm Americans? Lawsuit aims to stall oil and gas development in Alaskan federal reserve Go to News and Trends North America
Company News: Europe Gazprom accuses EU of double standards and naivety UK gas import projects on schedule Norsk Hydro-Texaco venture sells Baltic operations to Alexela Bulgargaz joins new oil pipeline company Petroleum Geo-Services to build third generation Ramform vessel Greece and Russia to speed up efforts to build Balkan pipeline Gaz de France to invest $ 1.8 bn in pipelines linking Europe to Algeria E.ON UK creates new division for marine power Magnolia Finance buys 5.58 % of MOL Shell-Turkey believes in fusion with Turcas E.ON offers Hungarian assets for Russian gas field Spain and France call for EU plan to guarantee energy supply Dutch Vopak and Swiss Biopetrol to build Dutch biodiesel plant Shell and Statoil sign deal to utilise CO2 for enhanced oil recovery LUKoil considers purchase of Serbian oil company Go to Company News Europe
Middle East India likely to get LNG from Qatar Medco signs MoU with Lebanese company to explore oil in Yemen Saudi Aramco launches new oil project New agreements in Oman's oil and gas sector World's largest oil and gas exchange launches in Qatar Ministers agree on Arab gas pipeline extension to Turkey Petrel to reinvest $ 5 mm in Iraq oil exploration Bahrain to import gas from Qatar by 2008 Qatar Gas Transport and Keppel Offshore Marine join forces NIOC invests $ 35 bn in South Pars gas field GdF confirms talks on Pars project Japan wants to cut oil imports from Iran Iran complicates China's energy security Go to Company News Middle East
Central Asia AIOC raises gas output Khazardenizneftgaztikinti trust wins tender for Baku-Erzurum pipeline Ukraine received no gas from Turkmenistan in Jan.-Feb. China reaches out to Kazakhstan for oil BP seeks new contract to develop Caspian Sea hydrocarbon reserves AIOC reports on oil exports Kazakhstan's BTC accession agreement depends on Azerbaijan SOCAR to build new pipelines for gas transportation How secure is a new pipeline across the Caucasus? Azerbaijan reports on gas import in January-February Shah Deniz project 91.5 % complete Go to Company News Central Asia
CIS / Russia CNPC offers Transneft $ 400 mm for oil pipeline Ukraine in talks to join Nabucco gas pipeline project Rosneft to borrow $ 4 bn for Vankor field development OIL and OVL vie for $ 2.5 bn Russian oilfield major Yukos may have over $ 3 bn stolen Chinese gas supplies to end Russia's European dependence China has a key role in Russia's oil strategy Energy in the East rarely receives enough attention Putin's China visit transforms balance of power across Eurasia China and Russia agree to step up energy cooperation Sino-Russian crude oil trade via railway hits new high Gazprom's southern strategy after the gas debacle Gazprom accuses EU of double standards and naivety Gazprom signs gas supplies accord with CNPC ConocoPhillips to increase stake in LUKoil Rosneft to invest $ 1 bn in East Siberian oil and gas deposits Ukraine received no gas from Turkmenistan in Jan.-Feb. China and Russia to build gas pipeline Greece and Russia to speed up efforts to build Balkan pipeline LUKoil reports on oil and gas reserves Russia to send more oil to China Petro-Canada and Gazprom sign agreement on LNG plant in Russia TNK-BP, Rosneft and Sibneft may participate equally in pipeline Russia claims to be reliable energy supplier E.ON offers Hungarian assets for Russian gas field Ukraine limits gas amounts of UkrGazEnergo US official urges Russia to welcome private energy investment LUKoil considers purchase of Serbian oil company Russia: Building a sustainable energy superpower Go to Company News CIS / Russia
E & SE Asia India launches auction of 55 oil and gas exploration blocks PetroVietnam signs loan with foreign banks for pipeline project India to press ahead with refinery growth despite glut fears Korea's long-term policy emphasizes future-oriented energy outlook CNPC offers Transneft $ 400 mm for oil pipeline Australia plans gas pipeline for New England and NSW north-west CNOOC's exploration plan unchanged CNOOC drops Australian gas bid India likely to get LNG from Qatar Kuwait Petroleum and Indian Oil may set up ventures China has a key role in Russia's oil strategy Could New Zealand's Maui field have an extended life? Philippines to proceed with Malampaya oil rim development Reliance plans oil hunt in Sri Lanka Chinese gas supplies to end Russia's European dependence Indonesia and CNOOC agree to adjust LNG prices Korea active in overseas oil production investment Putin's China visit transforms balance of power across Eurasia ONGC to raise oil output from Assam Australia's Woodside and Japan's Kansai Electric sign LNG supply deal China and Russia agree to step up energy cooperation Sino-Russian crude oil trade via railway hits new high CNPC and Rosneft to build refinery in China Gazprom signs gas supplies accord with CNPC Gas pipeline blown up in Pakistan IOC ties up with Stroytransgaz to pursue pipeline plan China reaches out to Kazakhstan for oil China and Russia to build gas pipeline PetroChina expects major breakthroughs by 2010 India to help Mauritius hunt for oil and gas reserves ExxonMobil and Pertamina sign joint operating accord for Cepu Block Russia to send more oil to China Japan wants to cut oil imports from Iran Total buys major stake in Tullow's Bangladesh operations Anadarko to invest $ 50 mm in six oil wells in Indonesia Pakistan government urged to review energy sector privatisation Chinese SEPCO to build power station for India Northwest China's Qinhai oilfield aims at 10 mm tons of output HPCL signs pact with Sinopec Canada's Husky Energy to drill oil well in South China Sea Iran complicates China's energy security Australia and East Timor agree on oil and gas regulations Vietnam has 1.25 bn tons proven oil and gas reserves India to begin deepwater gas production before monsoon Thailand awards oil exploration blocks to four companies China urged to cut back on oil exports ONGC eyes overseas oil projects Shell doubles bitumen business in China Go to Company News E & SE Asia
Africa BHP Billiton may develop energy projects in South Africa and Namibia Equatorial Guinea expects its oil production to peak in 2007 MAN Ferrostaal to invest in Western Cape's oil industry ERHC Energy signs deals for Nigeria-Sao Tome JDZ Sasol receives new interest in coal-to-liquids-technology Namibia's Kudu gasfield set for 2010 start up Nigeria faces imminent blackout Aminex and Upstream sign deal to drill for oil and gas in Kenya Chad hopes to triple its oil output despite dispute with World Bank CNPC and Sinopec eye oil exploration in Madagascar Nigeria pegs lost oil revenues at $ 1 bn from Niger Delta crisis The increasing importance of African oil Chevron and Shell resign deep offshore block in Nigeria Western Sahara independence movement awards oil licences to firms Gas flarings are signs of inequality caused by Nigeria's oil wealth Algeria grants Russian firms monopoly access to oil and gas deposits India to help Mauritius hunt for oil and gas reserves 60 % of Nigerians lack access to electricity Nigeria and Sao Tome sign long-delayed oil deals West African Gas Pipeline project now 84 % complete Total wins exploration block off Cameroon Sao Tome and Nigeria JDZ earns $ 271 mm Nine oil companies are in business with Ghana Repsol-YPF to build Algerian liquefaction plant Total to buy-out ExxonMobil's retail network in 14 African countries Sasol interested Algeria's GTL Obasanjo inaugurates new Nigerian power project ExxonMobil to produce more oil in Angola than in the US Tanzania turns to thermal, gas and coal to satisfy rising energy demand Australia's Woodside begins drilling program in Libya Go to Company News Africa
Latin America Venezuela to cut size of oil drilling areas Pemex goes to deep water seeking big oil discovery ANP calls on Petrobras to hand over inactive fields Mexico's CFE to launch Manzanillo tenders Venezuela halts oil lifting at Exxon's La Ceiba field Petrobras invests $ 16 bn to reduce Brazil's gas dependency PdVSA to invest $ 123 bn through 2012 Sulgas sees Brazil's demand outpacing supply in 2008 UTE to purchase 60 MW of renewable energy Pemex reports continued slide in reserves PetroEcuador rejects proposal from Occidental to end legal dispute Pemex reports on crude reserves Pemex starts up Tajin oil complex Petrobras starts drilling for natural gas in Venezuela's Cojedes State Venezuela begins 14 new exploration wells in 2005 Venezuela to hit heavy oil projects with natural gas bill Mexico to explore new oil fields Brazilian Cemig to invest $ 774 mm in 2006 Meta plans $ 1 bn project to boost oil output in Colombia Brazil's gas law plan gives Petrobras concessions Go to Company News Latin America
North America Refinery developers look to Canada for oil Shell launches effort to unlock oil rocks Canada to sell Russian natural gas to US Risk of oil spills moves onshore Alaska Petrobras wins ten bids to prospect oil in the US Chevron's deepest well holds less oil than forecast Alaska oil spill went undetected for days US urges producers for more oil and gas Cold slows cleanup of oil spill on Alaska's North Slope US official urges Russia to welcome private energy investment China eyes Canada's oil sands Go to Company News North America
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Discoveries: Premier Oil makes another gas discovery in Natuna Sea Large amounts of oil and gas discovered in Northern Russia Total makes oil discovery in Congo Gupco announces new oil discovery in Gulf of Suez CNOOC discovers new oil and gas field in Bohai Bay Mexico announces oil find Scientists find Afghan oil resources Gas strike in Cooper Basin, South Australia gasandoil.com
Features: An oil supply tsunami alert Natural gas needs no dinosaurs to form WMO measures rise in greenhouse gases to record levels After Peak Oil, there will be Peak Gas too The much-hyped oil crisis looks overblown Oil industry is short of attractive exploration opportunities US-Iranian showdown creates diplomatic tensions Putin believes long-term contracts are key to global energy stability Russian minister believes high oil prices hamper global economic growth Globalized world sees wave of protectionism gasandoil.com
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