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IEA: New oilfields needed
Oil - Supply Declining production from aging oilfields poses a much greater threat to world oil supply than rising demand, according to the International Energy Agency. The IEA says "a sea change is underway as international oil companies are facing dwindling opportunities to increase their reserves...
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- News Source: Androscoggin News | 11 months agoWe'll be chasing that play only in B.C.," says president Steve Kapusta. "All our new exploratory wells will be within sight of the Alberta wells, but on the right side of the border -- the B.C. side." Canext is one of several Alberta companies...
- News Source: Islamic Republic News Agency | 11 months agoOil - Supply Declining production from aging oilfields poses a much greater threat to world oil supply than rising demand, according to the International Energy Agency. The IEA says "a sea change is underway as international oil companies are facing...
- News Source: International Herald Tribune | 11 months agoWells are being shut down across the United States, new refineries have been postponed in Saudi Arabia, Kuwait and India, and ambitious offshore drilling plans are being reconsidered off the coast of Africa. Moreover, investment in alternative...
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