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2026

2026

Saudis Embark on PR Exercise to Show World They Have Enough Oil

Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be...

US: Oil Sands are “Threat Number One”

Anyone who read yesterday’s blog on oil sands will know it’s a fuel with serious ecological and social problems. Well, Canadian oil sands producers should brace for further bad news - this time from south of the border. David Pumphrey,...

Shell Wins Russian Heavy Oil Deal

The Russian mid-sized oil firm Tatneft has given Shell’s operations in Russia a boost by choosing it as its partner in developing vast deposits of heavy bitumen oil in the Volga region in the republic of Tatarstan. Although no specific...

Venezuela and Cuba Begin Oil Exploration

Venezuela and Cuba will begin jointly exploring for oil in Cuban waters in the first such venture between the two nations. Petroleos de Venezuela SA, or PDVSA, said in a statement that the project with Cuba's CUPET energy company covers...

PetroChina Pulls out of Canadian oil Sands

PetroChina is pulling out of a US$3.8 billion Alberta to British Columbia pipeline project that would have supplied crude oil to China from Canada's oil sands. Yiwu Song, vice president of China National Petroleum Corp., PetroChina's parent company, said the...

North Slope: 50 Years Left

Although oil production on the North Slope is in steady decline, its largest operator, BP, remains bullish about the future because of the region's untapped resources. BP says the region is teeming with enough natural gas and heavy crude oil...

Oil Sands Costs Spiral

The costs of developing major oil sands projects in Alberta are spiralling ever higher, as a consortium led by Petro-Canada estimated yesterday that the first stage of its Fort Hills development will cost a huge $14.1-billion. The project - the...

Nigeria: 1.5 Million Tons of Oil Spilt in 50 Years

Here is the official news: Oil giant Royal Dutch Shell has driven the FTSE London market to a new five-and-a-half year high, as shares in the company lifted 3 per cent after its third quarter figures came in better than...

Invest in Alberta’s “Risk-Free” Oil Sands

Independent investment analysts “Investment U” are promoting Alberta’s oil sands as a “win-win” investment opportunity. They say: “the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia”. Oil producers...