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Q1 U.S. drilling drops Oil and gas drilling activity in the first quarter fell in 2009, marking the first time in six years that a drilling has waned in that time frame. Biz JournalPains In The Oil Patch Lufkin Industries' poor results show how bad things are getting for the petroleum industry. ForbesState land oil and gas revenue drops markedly Revenue from oil and gas production on state trust lands fell by more than 50 percent in the third quarter of fiscal year 2009. Biz JournalCan oil from tar sands be cleaned up? Canadian tar sands contain the world's second-largest reserves of oil, but extracting it is a filthy process. Bacteria and steam may help to clean it up pheedo.comCan one of the the world`s dirtiest fuels become its cleanest? Canadian tar sands contain the world's second-largest reserves of oil, but extracting it is a filthy process. Bacteria and steam may help to clean it up pheedo.comFrench woo Iraqi vice president for oil deals France's president and French executives are wooing Iraq's vice president this week, seeking oil and other business contracts and to renew lucrative links to Baghdad. Topix.netOil above $50 despite demand concerns Oil prices rose above $50 a barrel Wednesday as investors shrugged off an unexpected drop in U.S. retail sales last month that suggested crude demand could remain weak amid a severe recession.The market also seemed immune to growing U.S. oil stocks and further downward revisions of world crude needs with investors appearing to focus instead on the general bullishness of world stock markets. On Wednesday, equities appeared to be taking a breather from strong gains of recent weeks but losses were modest. Topix.netBP Becomes Largest GOM Producer from Thunder Horse Output Emerging from years of technical problems, BP PLC's Thunder Horse platform has significantly ramped up its oil and gas output -- making the company the largest producer in the U.S. Gulf of Mexico. A ... Big News NetworkUAE March oil output nearly unchanged The UAE's oil output in March stood at 2.25 m barrels per day - same as in February - due to the country?s compliance with the supply cuts announced by Opec. The IEA has said that UAE's sustainable oil production capacity is 2.85 m bpd, while its spare capacity against March supply is 610,000 bpd. <BR> <BR> [AMEInfo.com] AMEFeature: Putting a value on ecosystem goods and services Can you put a price on a clean beach or pristine rainforest? Anna Straton and Stuart Whitten reveal how valuing our ecosystems reveal their true worth. Science Alert1 2 |
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