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Olduvai III: Catacylsm
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NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline

NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline The Channel Island power station is the main provider of electricity to the Darwin-Katherine interconnected system.(Supplied: Territory Generation) Production from the offshore field which supplies gas for the Top End’s electricity generation has decreased by nearly 50 per cent this year — raising […]

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U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus

U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus The U.S. Navy has increased its Mediterranean fleet, just a couple of weeks before Exxon is due to send two surveying vessels to explore offshore Cyprus near the area where Turkey blocked an Eni drilling ship from prospecting in February, Turkish news outlet […]

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Turkish Warships Block Cypriot Drilling Rig In Dispute Over Mediterranean Gas Field

Turkish Warships Block Cypriot Drilling Rig In Dispute Over Mediterranean Gas Field Amid escalating tensions between Cyprus and Turkey in the Mediterranean Sea, the two countries could be headed towards a resource war. On Monday, the Cypriot government released a report according to which Turkish warships continue to heavily restrict one of its deepwater drilling […]

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Oil Majors Sacrifice Production To Protect Dividends

Oil Majors Sacrifice Production To Protect Dividends The French oil company Total released a downward revision to its production forecast, lowering its target from 2.8 million barrels per day (mb/d) in 2017, to 2.6 mb/d, a sign that low oil prices continue to cut into long-term oil production for even the largest companies. Total’s CEO said part […]

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Does Arctic Drilling Have A Future With Sub $50 Oil?

Does Arctic Drilling Have A Future With Sub $50 Oil? Italian oil group ENI is expected to begin production from the Goliat Field off Norway in a few short weeks. The project, which has cost $5.6 billion, is expected to produce 34 million barrels of oil per year by the second year of production. Yet […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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