He said that the Brazilian Intelligence Agency was assisting federal police in their investigation.īut Silva said it is too soon to determine whether the information was stolen by a group planning to pass information about the Tupi and Jupiter petroleum fields to foreign companies or governments. In comments to reporters during a trip to Brazil's Antarctic research station, Silva characterized last month's theft of four laptops and two hard drives as "serious" because it involved state secrets. Warnings like his have been largely ignored but a new film aims to bring oil production into mainstream debate just as Al Gore did with climate change.īrazil's president confirms Petrobras data theft related to big petroleum finds SAO PAULO, Brazil (AP) - Information stolen from Brazil's state-run oil company was related to two huge new offshore petroleum finds, President Luiz Inacio Lula da Silva said. Not the words of a green evangelist but US vice-president Dick Cheney – while still CEO of Halliburton. That means by 2010 we will need an additional 50 million barrels per day." How expensive does oil have to get before your habits change? "By some estimates, there will be 2 per cent annual growth in global oil demand over the years ahead, along with, conservatively, a 3 per cent natural decline in production. "They took 500,000 barrels of crude from here without reporting them, before they began developing" the fields, Chavez said during his radio and television show. Venezuela's Chavez threatens to sue Exxon over oil `theft' CARACAS (Dow Jones)-Venezuela President Hugo Chavez Sunday said his government may file a suit against ExxonMobil for allegedly taking as much as 500,000 barrels of crude from oil fields without paying for them. mediation in oil crisis LAGOS, Nigeria – Militants behind attacks on Nigeria's oil infrastructure have asked the United States and President Bush to mediate to try to end a crisis that has seen foreign workers kidnapped and cut output of Africa's biggest producer. Western fears on Russian energy A clear majority of west Europeans regard Russia as an unreliable energy supplier but remain resistant to paying more for alternative supplies from renewable energy sources. But, the Department of Business As Usual (DBERR) doesn't seem to be on the case at all. Reasons to see red over green energy You'd hope, wouldn't you, that the government department responsible for energy to heat our homes, power our cars and so on would be on top of two key issues - a switch to a low-carbon economy and the possibility that oil might run out sooner than we thought.īoth these issues should concern us greatly and, indeed, there is growing discussion of them everywhere. The two Houston companies shelved their IPOs this week, pointing to a weakening investor market.
and Plains All American Pipeline LP get their public offerings to market in the midst of souring investment sentiment. Two more energy IPOs shelved as public investment market continues on unstable ground Not even the cushion provided by $90 oil could help Forum Oilfield Technologies Inc. ExxonMobil bangs Sakhalin 1 gas drum ExxonMobil believes Russia should allow it to export gas from the Sakhalin 1 project off Russia's east coast saying that, contrary to Gazprom's claims, the gas is not needed by the local market.
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