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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Razorbak who wrote (51858)9/24/1999 11:02:00 PM
From: Think4Yourself  Respond to of 95453
 
That's a really good article Razorback. Thanks for posting it. The technology appears to hold great promise. If they put it to use in big fields it will help reduce greenhouse gasses at the same time. What a shame that oil companies waste all that gas by flaring it off!



To: Razorbak who wrote (51858)9/25/1999 8:20:00 PM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
It appears Iraq's oil infrastructure really is collapsing, as someone
suggested way back in February. They have GOT to be desperate
to do the below.

Iraq Prepared to Hold Talks With U.S. Oil Firms, AFP Reports

Baghdad, Sept. 25 (Bloomberg) -- Iraq says it is prepared to
negotiate with U.S. oil companies over plans to develop the
country's largely untapped reserves of crude oil, despite recent
diplomatic and military hostilities between the two countries,
Agence France Presse reported, citing Iraqi Deputy Oil Minister
Taha Hummud Mussa. ``Iraq has no objections to having talks with
U.S. oil companies, if they show themselves willing,' he was
quoted as telling AFP at the opening of an oil industry fair in
Baghdad. Iraq, the subject of United Nations sanctions, is
holding discussions with a group of foreign oil firms, including
Russia's OAO Lukoil Holding and France's Elf Aquitaine SA, to
help raise money needed to boost oil production capacity.

On Wednesday, OAO Lukoil Holding, Russia's largest oil
producer, said it will negotiate the schedule of works at an
Iraqi oil field this week as the company tries to rescue its $80
million contract in the country, delayed by UN sanctions.