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Colorado oil, gas permits to drop 38% in 2009, report says The number of drilling permits issued for new oil and gas wells in Colorado is expected to drop 38 percent in 2009 compared to 2008, according to a report from the Colorado Oil & Gas Conservation Commission. Biz JournalOil prices fall as stock markets decline Oil prices dipped again despite new indications that the U.S. manufacturing and housing industries may be on the mend. Houston ChronicleBrazil says more Govt control over oil will alleviate poverty SAO PAULO - Brazil's president pledged to exert more state control over immense offshore oil finds and funnel profits toward social spending, proposing new rules Monday (local time) for foreign investors needed to tap deeply buried... co.nzBioavailable Contaminants Come From Exxon Valdez Oil Catastrophe; Natural Coal Deposits Not Source Of Environmental Pollution, Study Finds Contaminants from natural coal deposits in the Gulf of Alaska are not easily bioavailable, unlike the crude oil from the Exxon Valdez tanker catastrophe, according to a new study. The findings challenge the theory that natural coal deposits were the cause of observed environmental damage. Science dailyNorwegian oil output to fall more than expected Norway says its offshore oil production will fall 10 percent more through 2013 than predicted a year ago, but will be partly offset by an increase in natural gas exports. Houston ChronicleBaker Hughes broadens reach with BJ Services acquisition The $5.5 billion deal will fill a major gap in Baker Hughes portfolio, adding pressure-pumping equipment and services that are widely used in natural gas drilling. Houston ChronicleOman seeks bidders for steam oil project Petroleum Development Oman has announced that it is welcoming bids for one of the country's largest enhanced oil recovery projects, Reuters has reported. The project will involve building two production trains, a power station, pipelines and aquifer pumps, and integrated surface facilities required for large-scale steam production for the two Amal fields, in the East and West. Both fields could produce up to 60,000 barrels per day when the project comes online in 2012, officials said. The closing date of submission for the bids is February 7, 2010 and the contract award is expected on June 30 2010. [AMEInfo.com] AMEDubai establishes Department of Oil Affairs Dubai has established an administrative body to oversee the emirate's crude oil and an authority to manage energy supplies. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, yesterday issued laws setting up the Department of Oil Affairs and the Supreme Council for Energy. Sheikh Mohammed also issued decrees appointing Sheikh Ahmed bin Saeed Al Maktoum as Chairman of the Department of Oil Affairs and Chairman of the Supreme Council for Energy. <BR> [AMEInfo.com] AMEQatar, Kuwait to keep crude supplies unchanged Qatar has notified several term buyers it would supply full contracted crude oil volumes for October, while Kuwait has cut supplies by 5% for the October-December period, Reuters has reported. Trade sources have said that both moves were in line with market expectations. [AMEInfo.com] AME |
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