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The Oil Drum

Norwegian Actual and Forecast Natural Gas Production towards 2020

In this post, I present a little about developments in actual natural gas production from the Norwegian Continental Shelf (NCS) and a forecast towards 2020. I will also talk about where gas from the NCS is reported as being sold, and give a closer look...

Norwegian Actual and Forecast Natural Gas Production towards 2020

In this post I present a little about developments in actual natural gas production from the Norwegian Continental Shelf (NCS) and a forecast towards 2020. I will also talk about where gas from the NCS is reported as being sold and give a closer look a...

Updating World Deepwater Oil & Gas Discovery

This a guest post by Jean Laherrère, a long-time guest contributor to TheOilDrum. Defining deepwater oil as the offshore resource found in water depths over 500 m, the data available as of October of 2010 was pointing to an ultimate around 150 ...

TheOilDrum.com Archive 2005-2011

During the past seven years, TheOilDrum.com has hosted analysis and discussion surrounding the possibility and implications of a near term peak in global oil production and importance of energy to society in general. Out of the ~8,500 articles posted h...

Drumbeat: May 19, 2012

The age of extreme oil: ‘This used to be a forest?' Over the course of three days spent visiting reserves, band offices and the vast sand dunes left behind by the bitumen-scrubbers surrounding Fort McMurray, the Achuar confronted a reality that may o...

Drumbeat: May 18, 2012

David Strahan - Dump the pump: could peak oil be voluntary? People have fretted about when the world’s oil will start to run out ever since M. King Hubbert came up with the idea of “peak oil” back in the 1950s. The American geologist, who worked ...

Drumbeat: May 16, 2012

U.S. energy independence is no longer just a pipe dream Every president since Richard Nixon has called for the U.S. to wean itself from needing oil from unstable or unsavory countries. The nation's new-found energy riches are likely to bring that ambit...

Drumbeat: May 14, 2012

Peak oil debate is over, say experts THE debate about peak oil is over and the world has used just a fraction of the petroleum it will be possible to extract, an expert believes. Speaking at the Australian Petroleum Production and Exploration Associat...

Drumbeat: May 12, 2012

WSJ: 'Undisclosed' Chesapeake debt looms A US report contends that the embattled Chesapeake Energy has “previously unreported liabilities” summing to $1.4 billion resulting from a programme that allowed it to exchange future oil and gas production ...

Drumbeat: May 11, 2012

Scientists urge action on world's biggest problems LONDON (Reuters) - Scientists from 15 countries are calling for a better political response to the provision of water and energy to meet the challenge of feeding a world of 9 billion people within 30 y...

New IMF Working Paper Models Impact of Oil Limits on the Economy

The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. This is a res...

Norwegian Crude Oil Reserves and Production as of 12/31/2011

In this post I present an updated view on Norwegian crude oil exploration, sanctioned developments, discoveries, production, reserves and what these now suggest for the future of Norwegian crude oil production. The content for this post was originally ...