Delek Group Announces Consolidated Results for the Second Quarter and First Six Months of 2008 Aug 31, 2008
Mr. Asaf Bartfeld, CEO of Delek Group commented, "We continue to show steady growth despite the slowdown in the global economy. Thus far in 2008, our fuel subsidiaries both in Israel and Europe, performed well as a result of the successful fuel retail strategy we have put in place, focusing on convenience stores and capitalizing on economies of scale. In addition, our automotive holdings continued to perform well, with strong growth in sales. However, the ongoing refining margin erosion in the... (PR Newswire)
TAMM Oil and Gas Corp. Adds Don W. Hryhor as New Director Aug 30, 2008
Don W. Hryhor has over 35 years of hands-on experience in various disciplines of the oil exploration industry ... Mr. Hryhor founded Canadian Wildcat Exploration Limited in 1988, Scarlet Exploration Inc. ("V.SCO") in 1993, and Grand River Resources Inc. in 1995, oil exploration firms located in Calgary, Alberta ... He currently is the President and Chief Executive Officer of Thunder River Energy Inc. (and Thunder's subsidiary, CIMA Holdings Inc. in New Mexico), and operates privately as... (PR Newswire)
Brazil faces oil wealth decisions Aug 30, 2008
Investment in new technology means initial costs will be extremely high but senior mangers at Petrobras, which has a lot of experience in deep sea oil exploration, are confident about the future. Sergio Gabrielli says more work is needed to determine oil volumes. (BBC News -- Americas)
LETTERS: NCT, Aug. 29, 2008 Aug 30, 2008
An acute shortage of oil exploration sites and refineries in the United States has led to exorbitant fuel prices. We now pay nearly 4 per gallon of gasoline and 4. (North County Times)
McCain's risky choice for running mate Aug 30, 2008
Palin's fervent opposition to abortion rights and robust support for gun rights and oil exploration (including in the Arctic National Wildlife Refuge) were defining the contours of a conservative. Her personal story - former beauty queen, mother of five, wife of a blue-collar worker - certainly distinguished her from the usual crowd of middle-aged men and women seeking national office. (San Francisco Chronicle -- Opinion)
Sarah Palin McCain's Choice for VP Aug 30, 2008
She cut her political teeth as mayor of the small town of Wasilla, Alaska from 1996-2002, and although she has no national political experience, she made headlines for aggressively pushing for oil exploration in the Arctic National Wildlife Refuge, a pillar of McCain's energy plans. As a young mother of five Palin, would balance out concerns over the age of McCain, who celebrated his 72nd birthday on Friday, and she could also be seen as a breath of fresh air, untainted by Washington politics. (SmartMoney)
Meet Tim Pawlenty... Aug 29, 2008
Mr. Pawlenty agrees with Mr. McCain's support for more domestic oil exploration; he says he can live with the candidate's opposition to government subsidies or tax credits for the next generation of alternative fuels. His own state government isn't standing in the way of a proposed new coal-based power plant, and Mr. Pawlenty supports nuclear energy. (The Drudge Report)
Letter: Use current land to drill for oil Aug 29, 2008
The DOE also projects that opening up the Arctic National Wildlife Refuge to oil exploration would only result in the decrease of the price to oil by $1. 44 a barrel or about 1 percent. (Appeal Democrat, CA)
Videocon, BPCL stake in oil block Aug 28, 2008
New Delhi, Aug. 27: State-owned Bharat Petroleum Corporation Limited (BPCL) and Videocon Industries have picked up a 10 per cent stake each in an offshore oil exploration block in Mozambique. Bharat PetroResources Limited, a unit of BPCL, and Videocon Energy Ventures Limited, the overseas arm of Videocon Industries, have signed separate agreements with Anadarko Mozambique Limited to acquire a 10 per cent participating interest each in Offshore Area 1 of the Rovuma block in the African nation, a... (Calcutta Telegraph)
I'll take Ghana to the promised land - Akufo-Addo Aug 28, 2008
On the oil exploration, Nana Akuffo-Addo said it had been estimated to fetch the country an amount of 15 billion dollars within a period of five years from 2010 to 2015 and stressed that Ghana will be a "better place" for all under his administration because he would ensure total development of all communities in the country. Mr Allan Kyeremanten, the former Minister of Trade, Industry and Presidential Special Initiative (PSI), said the NPP would not engage in politics of insults but would... (Ghana Web, Ghana)
Maersk profit surges on oil Aug 28, 2008
A.P. Moeller-Maersk, the world's largest container line, said profit gained 40% in the first six months after earnings nearly doubled in the oil exploration division and the shipping unit returned to profit. Net income rose to 11. (Sydney Morning Herald -- Business)
Obama in touch with Montana Aug 27, 2008
kplatts wrote on Aug 26, 2008 9:11 AM:" Mark my words, there will be no change. He is a leftist messiah who speaks of change, but offers no REAL change. Then again, he does offer to change the current climate from right to left, which a lot of his supporters want, but that isn't real change either. Fact is the liberals have been in charge of Congress for the last two years and haven't done a single thing to make positive changes. Funny that they continually vote against oil exploration, but now... (Helena Independent Record, MT)
Ashurst and Linklaters Take Lead on Oil Giant Takeover Aug 27, 2008
5 billion) takeover of Russian oil exploration giant. The deal sees Linklaters score a role for Indian corporate , whose offer for the oil company has now been recommended and is subject to approval from the Russian government. (Law.com)
Pelosi to protesters: 'Can we drill your brains?'... Aug 27, 2008
The Crypt: Pelosi to protesters: "Can we drill your brains?" - Politico. " Receive Daily Updates August 26, 2008 Categories: Pelosi to protesters: "Can we drill your brains. (The Drudge Report)
Vanco, Lukoil to drill offshore Ghana Aug 27, 2008
Vanco, an oil exploration company, holds a 28. 3 percent interest in the Cape Three Points Deepwater block with Lukoil holding a 56. (Houston Business Journal, TX)
Oil company changes route after outcry Aug 27, 2008
Excelaron LLC, a subsidiary of Australian Oil Co., is requesting a conditional-use permit from San Luis Obispo County to allow for oil exploration and production on the 5,000-acre Mankins Ranch in Huasna, east of Arroyo Grande. If crude oil is found at the site, Excelaron had proposed hauling the tar-like substance from the ranch, up Huasna Townsite Road to Huasna Road, following the narrow and winding route into Arroyo Grande. (Santa Maria Times)
California Focus: Big Oils record shows off-shore drilling no gas price panacea Aug 27, 2008
Add to all this the fact that any newly authorized offshore oil exploration could not produce fuel for at least seven years, maybe 10, plus the fact that oil exploration ships are currently fully booked for years to come, and you arrive at the conclusion that the McCain offshore oil talk is nothing more than expediency designed to take advantage of consumer alarm over high gas prices. And Obama's willingness to go along contradicts his campaign theme of bringing major change to American... (Hanford Sentinal, CA)
Santa Barbara County panel OKs offshore oil drilling Aug 27, 2008
By a 3-2 vote that broke along geographic lines, supervisors agreed to send a letter to Gov. Arnold Schwarzenegger urging him to change state policy and "allow expanded oil exploration and extraction" off the county's coast. Representatives of the liberal coast lost out to their more conservative inland colleagues in the symbolic action, playing out tensions that have long plagued a region better known for its broad beaches and celebrity residents than its oil and agricultural fields. (Los Angeles Times)
Chavez's signature will enable PetroSA to buy assets in Venezuela Aug 27, 2008
PetroSA has held talks with its Venezuelan counterpart, PDVSA, on projects including oil exploration and the production of heavy crude oil in the Orinoco belt of Venezuela ... " PetroSA operates one of the world's largest GTL refineries at Mossel Bay. The firm is pursuing oil exploration in Equatorial Guinea, Gabon and Egypt. September said no projects had been identified yet, and it was premature to speculate on the size of the Venezuelan investment or proposed output volumes. He added that the... (Business Report, South Africa)
California: Santa Barbara votes for offshore drilling Aug 27, 2008
While the board has no power to approve new drilling, officials debated for hours whether to send a letter asking Gov. Arnold Schwarzenegger to change long-standing state policy and allow oil exploration and extraction in the county. Proponents claim drilling would provide a new revenue stream for a cashed strapped county and that modern advancements have made drilling safer than ever. (San Diego Union-Tribune)
Mexico's Opposition Submits Oil Bill as Alternative to Calderon's Proposal Aug 26, 2008
Pemex's oil exploration is hampered by a lack of funds, even as crude trades near record prices, because its budget is sapped by repairs to crumbling infrastructure and taxes that take more than half of sales. The state oil company, formed from companies expropriated by the government in 1938, provides more than a third of Mexico's federal budget. (Bloomberg -- Latin America)
Ex-legislator campaigns for energy exploration Aug 26, 2008
The group supports expanding oil exploration and production of the Arctic coastal plain and the Outer Continental Shelf, as well as tapping into the potential of shale oil in places like Colorado. AFP is against regulation known as cap-and-trade, which it says would result in a huge energy tax hike. (Albany Democrat-Herald, OR)
NDCs Response To President Kufour Aug 26, 2008
Dear friends, as has become unfortunately characteristic of President Kufuor, these statements are neither supported by the facts of history of oil exploration in Ghana nor by common sense ... On another occasion, hundreds of thousands of US dollars out of the Exploration Fund was used to pay for the forensic audit into the GNPC, not for oil exploration. (Ghana Web, Ghana)
Lewisville: Burgess discusses issues with Denton County GOP Aug 26, 2008
Burgess, a member of the House Energy and Commerce Committee, said he wants legislation to be passed quickly to allow more oil exploration in America in order for there to be less dependence on foreign oil. He said he is in favor of offshore drilling, on shore drilling and for utilizing more resources of Alaskan oil. (McKinney Courier-Gazette, TX)
County may push for more offshore oil Aug 25, 2008
In a reversal of decades of county policies and attitudes, the Santa Barbara County planning staff is advising the Board of Supervisors to urge Gov. Arnold Schwarzenegger to allow more oil exploration and drilling off the county's shores ... I think it's very interesting that we're looking at new information regarding oil exploration and extraction, Firestone said. (Lompoc Record, CA)
Somalia:Somaliland, Asante Oil Move Forward With Drilling Plans Aug 25, 2008
Mr. Sultan briefly explained that the Asante Oil delegation came to finalize a work program with the Ministry and to complete outstanding details in the oil exploration agreement, which the Norwegian firm signed in May. Asante Oil has been licensed by the Ministry to explore and extract natural gas and oil resources in blocks "SL13" and "SL14," according to Ministry documents. (allAfrica.com)
OVL to make formal bid for Imperial Energy soon Aug 25, 2008
London Stock Exchange (LSE) listed oil exploration and production company Imperial Energy has been attracting a lot of attention lately with major companies from Asia India and China pitching for stake. Sources remained non-committal on the bid amount or speculations that OVL may rope in a strategic partner. (Moneycontrol.com)
MCCAIN CAMPAIGN SLAMS VP PICK... Aug 24, 2008
As does his tire gauge comparison to oil exploration. In normal times a gop candidate would be toast come Nov. Instead the dems are facing a landslide defeat. (The Drudge Report)
Santa Barbara County may push for more offshore oil Aug 24, 2008
Advertisement In a reversal of decades of county policies and attitudes, the Santa Barbara County planning staff is advising the Board of Supervisors to urge Gov. Arnold Schwarzenegger to allow more oil exploration and drilling off the county's shores ... I think it's very interesting that we're looking at new information regarding oil exploration and extraction, Firestone said. (Santa Maria Times)
Readers sound off this week Aug 24, 2008
A concise summary of a complex foreign conflict; essential information for Golden Gate Bridge commuters; an important demographic trend story; a piece from the Washington bureau on global warming and oil exploration; and a science breakthrough with medical and lifestyle implications; all anchored by a color photo of a local woman winning a gold medal. What's wrong with this picture. (San Francisco Chronicle -- Opinion)
Bush Renews Call For Expanded Offshore Drilling Aug 24, 2008
He blamed Democrats for the high cost of gasoline, saying party leaders have refused to allow a vote on a proposal to open up more areas including the Outer Continental Shelf for oil exploration. He said a measure that would raise taxes on energy companies would reduce domesetic production and increase U.S. dependence on foreign oil. (KWTX.com, TX)
GOP War on Pork Barrel Projects Takes Back Seat Aug 23, 2008
An already slow appropriations season Democrats don't want election-year battles with President Bush over the government's budget has ground to a halt over a bitter dispute surrounding a GOP effort to use the annual spending bills to lift a moratorium on offshore oil exploration in the Outer Continental Shelf. As a result, just one bill, funding veterans programs and military construction projects, has passed the House. (Fox News)
In defense of wind, ethanol Aug 23, 2008
Jose wrote on Aug 21, 2008 8:10 AM:" I agree with FlimFlam for the most part, except that the 'Crazy Righties' aren't against 'anything but oil'. If you review McCain's energy plans it includes a more of an 'All of the Above' approach, as does/did Bush's. This is just another example of the 'Crazy Lefties' efforts to try to demonize the right and 'big oil' at the same time.Also, it makes no sense to end oil exploration and production expansion until a viable alternative(s) are found. Why... (Sioux City Journal, IO)
Obama VP Announcement Now Expected Saturday Aug 23, 2008
"I have had interactions with the Obama campaign over the last several months but I will not get into details, he said Edwards has been considered a long-shot candidate for the job since June, when U.S. House Speaker Nancy Pelosi told Newsweek magazine in a video interview that Edwards should be included in the mix of Obamas potential running mates. I do think in the list of considerations there should be somebody from the House of Representatives, Pelosi said, and Chet Edwards is... (KWTX.com, TX)
Duvernay shareholders endorse Shell offer Aug 23, 2008
Shell said last month it will pay $83 a share for Duvernay, a conventional gas and oil exploration and production company. Duvernay has properties in northeastern B.C. and northwestern Alberta. (CBC.ca)
Underdog again? Aug 22, 2008
Mr McCain has been pushing his policy on oil exploration. But it has been much harder for the young, first-term senator from Illinois to embed an image in voters' minds of what makes him tick. (BBC News)
ONGC to buy Imperial Energy Aug 22, 2008
2 bn pound London-based oil exploration and production company. The Indian Government has given approval to the investment arm of the oil company, ONGC Videsh Ltd., to go ahead with the full bid. (India Times)
Newsweek: Oil hunters hit northernmost U.S. town Aug 22, 2008
The warming Arctic Ocean is opening up to shipping, tourism and oil exploration, with the eight countries bordering its fringes all vying to claim their bounty in the natural resource-rich territory. Barrow, which the Eskimos call Ukpeagvik (place where owls are hunted), has a bird's eye view on it all. (MSNBC -- Business)
Louisiana Republicans Bet on Ex-Democrat to Gain a Senate Seat Aug 22, 2008
Kennedy has attacked Landrieu for voting against Senate proposals to allow more oil exploration in western states and on the outer continental shelf. Energy Issues. (Yahoo News -- Politics)
NDC rolls out oil management blueprint Aug 22, 2008
"On one occasion, 66,200 Ghana cedis out of the Energy Fund was spent by the then Chief Executive Officer of the Energy Commission; on another occasion hundreds of thousands of dollars out of the Exploration Fund was used to pay for the forensic audit into the Ghana National Petroleum Corporation, not for oil exploration," Dr. Ampofo noted. He claimed that the Government had supervised the bankruptcy of the Volta River Authority (VRA), which had 800 million dollars indebtedness and Tema Oil... (Ghana Web, Ghana)
Chinese Build New Highway To "Lost" Kenya Aug 22, 2008
Residents in Isiolo have been suspicious of oil exploration since a 1980s venture yielded nothing amid murky circumstances. There are other signs of simmering resentment. (Planet Ark, United States)
Uganda threatens Congo over raids Aug 22, 2008
A British citizen working on an oil exploration barge in Ugandan territory was killed. Not interested. (Yahoo News -- DR Congo)
PHILADELPHIA INQUIRER: Defending the right to know Aug 21, 2008
The House overwhelmingly approved a bill last year, but Senate Republicans blocked a vote in a debate over oil exploration. A measure sponsored by Sen. (Fresno Bee -- Opinion)
Inmarsat launches six-tonne satellite Aug 20, 2008
Download your half price voucher here. Navigation - link to other main sections from here. (Times Online)
Democrats Dismiss Logic and Realism Aug 20, 2008
A basic principle of oil exploration is that you look for oil where it is, instead of where you'd like it to be. Assuming, in the Democrats' case, there's any place they would like it to be. (Townhall.com)
Government organises workshop on oil exploration Aug 20, 2008
Accra, Aug. 19, GNA - The government on Tuesday organised a workshop to allow in-depth discussions on taxation and fiscal arrangements concerning oil exploration to quicken the country's entry into a middle-income status. The workshop, among other things, discussed how the revenues from the petroleum sector should be managed and the country's fiscal regime compared with other countries competing for similar petroleum investments. (Ghana Web, Ghana)
Pelosi says some offshore drilling may be OK Aug 18, 2008
Dropping her opposition to a vote on coastal oil exploration, Speaker Nancy Pelosi said Saturday that the House would consider expanded offshore drilling as part of broad energy legislation when Congress returns next month. Images. (San Francisco Chronicle -- Politics)
Udall's U-turn on oil exploration Aug 18, 2008
Mark Hillman :: Townhall. Columns, funnies in your inbox. (Townhall.com)
Post a comment Aug 18, 2008
I just had a fascinating conversation with one of the men responsible for building all the offshore oil rigs in the North Sea for Norway oil exploration. Through his scientific background and many writing, he has allowed Norway to be one of the largest exporters of oil in the world. (International Herald Tribune -- Business)
Swan defends FuelWatch again Aug 18, 2008
Mr Swan admitted the lack of oil exploration was forcing Australia to depend more heavily on imports which were affected by world prices. "There is no doubt that we have not been searching for oil in the country the way we should have been searching for it," he said. (The Age)
Pelosi softens stance on drilling Aug 17, 2008
WASHINGTON - Dropping her opposition to a vote on coastal oil exploration, Speaker Nancy Pelosi said yesterday that the House would consider expanded offshore drilling as part of broad energy legislation when Congress returns next month. In the weekly Democratic radio address, Pelosi criticized Republicans as focusing too narrowly on offshore drilling as a solution to high gasoline prices, but said she would bow to demands that the House revisit a drilling ban that has been imposed annually... (Boston Globe)
Young Bruins see few spots before their eyes Aug 17, 2008
Local Search Site Search. THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING. (Boston Globe)
Kenya: China Strikes Wells of Hope in Kenya Aug 17, 2008
A Chinese company, Bureau of Geophysical Prospecting, contracted by the government-owned China Offshore Oil Exploration Corporation, has been doing tests in Merti, 260 kilometres from Isiolo town ... Kenya has a poor oil exploration record having only sunk 31 wells and none between 1992 and 2007. (allAfrica.com)
New computers, sharper visuals Aug 17, 2008
But in the future, it may be others: doctors who will be able to examine detailed, three-dimensional X-rays over the Internet; oil exploration companies and Wall Street investors that can dramatically improve their forecast models, and everyday consumers who can watch high-definition movies streamed over the Internet or create 3-D presentations for work and school. "Sometimes unless the computing power is there, people don't even think of the ways you can take advantage of it," said Neal... (The Palm Beach Post)
1st Congressional race heating up; Casperson, Stupak begin sparring Aug 17, 2008
The Golden Hornet wrote on Aug 16, 2008 9:57 AM:" Stupak is merely spouting the Democratic line concerning energy policy (they don't have one) and oil exploration and production. (they are agin it) Most folks are beginning to see -- and feel -- the false promise of bio-fuels.Stupak has had his shot (he missed) at glory in the house, now it's time for someone new. ". Login to comment. (Gaylord Herald Times, MI)
Uganda: Tullow Oil Refinery Plan Aug 16, 2008
What is even more interesting as far as Uganda's oil exploration efforts go is the fact that four other exploration blocks are yet to be licensed to prospectors who are constantly knocking on the ministry's door. Altogether, there are nine exploration blocks with five of them already licensed to four companies; Heritage Oil, Tullow Oil, Tower Resources and Dominion Oil. (allAfrica.com)
'Green' costs, gun ruling, watchdogs Aug 16, 2008
The people agree with Republicans on oil exploration - 64 percent want more offshore drilling ... the people agree with republicans on oil exploration is entirely misleading. (Atlanta Journal-Constitution -- Opinion)
Kosmos Energy signs 50,000-square-foot lease at Park Lane Aug 16, 2008
Kosmos is an international oil exploration and production company focused on emerging and frontier basins offshore in West Africa. The new office will be within the core of the Park Lane project, said Eliot Barnett, managing partner of Dallas-based developer. (Dallas Business Journal, TX)
Study: Amazon oil on destructive path Aug 15, 2008
RIO DE JANEIRO, Brazil - Oil exploration in the Amazon rain forest represents the latest, perhaps greatest, threat to preserving what remains of the world's largest remaining tropical wilderness, scientists said Wednesday. Scientists from Duke University said a new study revealed a Texas-size chunk of rain forest stretching across Bolivia, Colombia, Ecuador, Peru and western Brazil has been approved for petroleum exploration and production. (MSNBC -- International)
Northwest Passage navigable, says federal ice authority Aug 15, 2008
But the ice retreat is generally heating up interest in Arctic tourism and oil exploration, and prompting more sailors to attempt crossings of the Northwest Passage. Ron Marcil, an Iqaluit-based officer with the federal NORDREG shipping registration agency, said Wednesday there's currently about 50 commercial cargo ships plying Canada's Arctic waters and a small number of pleasure craft. (Canada.com)
Heritage Foundation: Domestic Drilling Blame Game Aug 15, 2008
Much of America s energy potential lies underneath federally controlled lands and waters, but some of those areas are off-limits to oil exploration and drilling. In response to high gasoline prices, several Washington lawmakers want to open these areas, including some of the 85 percent of our territorial waters that are restricted, as well as a small portion of Alaska s Arctic National Wildlife Refuge (ANWR). (Fox News)
Uganda: State House Fights for Bunyoro Land Aug 15, 2008
"This land was given to the Presidency long before there was anything to do with oil there," he said by telephone yesterday, "these are primitive insinuations." Oil exploration in western Uganda is believed to have started in earnest in 1989. The controversy comes amid reports of a land rush in Bunyoro sub-region following the discovery of oil in June 2006. (allAfrica.com)
Chevron to sell 2,000 Texaco stations in Brazil Aug 15, 2008
The deal requires separating out Chevron s lubricant and oil exploration businesses, which aren t included in the deal. The separation will take until early 2009, according to Ultrapar (NYSE: UGP). (San Francisco Business Times, CA)
Obed Asamoah urges Ghanaians to call NPP and NDC to order Aug 15, 2008
He held that food security in the country might suffer as oil exploration would over shadow agriculture and urged the government to take immediate steps to attract the youth to farming and fishing. Mr. Ansah-Antwi said a government under his leadership would infuse chiefs into the local government system to enable them to participate fully in the activities of district assemblies. (Ghana Web, Ghana)
Asamoah-Boateng donates cookers to vocational centre Aug 15, 2008
He announced plans to establish an education endowment fund to support Information Communication Technology and engineering students to produce the required manpower towards oil exploration efforts in the area. He promised to procure a bus for the Centre to enable it operate effectively. (Ghana Web, Ghana)
