Oil in Spotlight

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Oil falls 2.5 percent on Dubai default worries Friday, 27 Nov 2009

NEW YORK (Reuters) - Oil prices settled down more than 2 percent at about $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar.  Full Article

 
Iraq drilling firm to drill 180 wells in 2010 Friday, 27 Nov 2009 

BASRA, Iraq (Reuters) - The state-run Iraq Drilling Company plans to drill 180 oil wells in 2010, and will be able to drill more than 250 new wells every year from 2011 onwards, the head of the company said.  Full Article  

In Depth

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Alternatives

North Sea production is well below its peak, Aberdeen diversifies.  Full Article 

The Shearwater platform is seen beside the Safe Scandinavia, an accommodation barge for 500 workers conducting maintenance on the Shearwater platform, in this handout photograph taken on September 30, 2009, and received in London October 7, 2009.  REUTERS/Ken Taylor/Royal Dutch Shell/Handout
What next?

Prospects of an end to North Sea oil, with no clear replacement.  Full Article 

 
A Nenets man works at his settlement near the remote village of Gornokniazevsk on the Yamal peninsula, above the polar circle some 2000km (1242 miles) northeast of Moscow in this February 27, 2008 file photo.  REUTERS/Vasily Fedosenko
Russian risk

The Nenets live on top of enough gas to heat the world for five years.  Full Article 

The island of Big Diomede sits in the morning mist on the Russian side of the Bering Strait as seen from the Russian research vessel Professor Khromov August 28, 2009.  REUTERS/Jeffrey Jones
Arctic studies

Tensions simmer among stakeholders amid exploration.  Full Article 

 
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Former foes

Researchers gauge the impact of climate change on far north waters on a joint U.S.- Russian expedition.  Full Article 

A general view of an artificial island on Kashagan offshore oil field in the Caspian sea, western Kazakhstan August 11, 2009.  REUTERS/Shamil Zhumatov
New frontier

Kashagan is the biggest oil discovery since 1968, with reserves under the Caspian Sea.  Full Article 

 
 
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