“The Great Global Biofuel Swindle”
It’s too bad. But it’s happening. Partly because of a massive marketing campaign instigated by a multitude of environmental organisations (the “green mafia”), endorsed by several governmental bodies around the…
Editorials
Prudent Resource Management
Roughly 25 million Euros will be spent next year by the Norwegian government on mapping two regions offshore Norway that have not yet been offered for licensing. The reason for…
A spectacular discovery
One of the most spectacular oil discoveries ever occurred in 1901. On a brisk January morning, the drillers hit pay 308m below the surface of a salt-induced hill. Oil in…
Time for Change
The unthinkable has happened. While many renowned experts recently claimed that the price for a barrel of oil would soon pass USD 200, we have now seen the price drop…
The Next Frontier
As we have now entered the International Polar Year (see also page 72), we should expect a strong focus on the development of fossil fuels in northern latitudes for the…
It May Happen Again
Because I have been around a few years longer than some of the financial advisors I happen to meet, I can easily remember when the oil price went below USD…
The Final Frontier
The search for oil and gas in the Arctic started more than 50 years ago, and several basins have proven productive. The most prolific province has certainly been the North…
How to Find More Oil
Reserve growth, the increase in successive estimates of recoverable hydrocarbons in existing fields, adds more oil to conventional reserves than new field discoveries. Large fields in mature petroleum provinces, it…
Peak Oil Abandoned?
“If governments around the world stick with existing policies – the underlying premise of the World Energy Outlook Reference Scenario – the world’s energy needs would be well over 50%…
A Huge Challenge
ExxonMobil has looked into a crystal ball. A major study has just been released in which we can experience an insight to our future use of energy, including fossil fuels…