New oil sands mine projects need crude prices to remain over $100 a barrel to turn a decent profit, analysts at UBS Securities said following Petro-Canada’s announcement last week that costs for its planned Fort Hills project had soared by…
The speaker program for the ASPO 7 Conference has now been finalized. Among the speakers are Colin Campbell, Kjell Aleklett, Jean Laherrere, Chris Skrebrowski and much more. The theme of the conference is below ground and above ground. Sessions will…
John Browne, the former chief executive of BP, said at the opening conference session of the Offshore Northern Seas show that he expected oil prices to stay above $80 to $100 a barrel. “It is difficult to see oil prices…
Apparently, the topic of Peak Oil is now becoming discussed more and more within the environmental movement as an alternative reason for a change to a more sustainable society. As peak oil and the limitations of available fossil energy resources…
Oil production in non-Opec countries is set to peak within the next two years, leaving the world increasingly dependent on supplies from the cartel of exporting nations, according to one of the world’s leading energy experts. The North Sea is…
Press release: ASPO China is formed On the 26th of October 2007, a Peak Oil workshop was held at the China University of Petroleum Beijing (CUPB). It was unanimously agreed that ASPO China should be formed and that Peak Oil…
One of the newest additions to ASPO International is ASPO Kuwait. They were started in 2008 and consists of mostly chemical engineers. ASPO Kuwait is lead by the engineer Ahmad Al-Majed. The group has already been interviewed by newspaper, radio…
Oil prices crossed 140 dollars a barrel for the first time in New York and London on Thursday amid a declining dollar and after OPEC warned prices could hit 170 dollars this year. New York’s main oil futures contract, light…
The US Energy Information Administration said crude oil production from non-Opec countries would not be able to keep up with growing global demand in the next few years, forcing oil consuming nations to rely more on Opec for supplies. In…
BP Plc Chief Executive Officer Tony Hayward is putting money on the line to dispute the theory of peak oil, according to his counterparty in the wager Kjell Aleklett, a professor at Sweden’s Uppsala University. Hayward bet Aleklett the price…