manifa, Tag

From the time that The Oil Drum first began, and through the years up to the Recession of 2008-9 there was an increase in the price of oil, and that resumed following the initial period of that recession, and, in contrast...

Forbes recently issued a commentary on the closing of The Oil Drum, which deserves some rebuttal, since, as with many stories on the "Peak Oil" topic, it conveys too many incorrect statements and false assumptions.

The latest OPEC Monthly Oil Market Report (MOMR) foresees that demand for OPEC crude oil will decline over the next year by about 300 kbd. This is largely in anticipation of additional production from elsewhere:

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.* If one divides 100 by 2 it yields 50. If one subtracts 50...

In recent posts I have been looking at the potential for the historically high producing Saudi oilfields at Abqaiq, Berri and Ghawar to increase, or even sustain current levels of production into the future...

The development of the Manifa oil field in Saudi Arabia has been accelerated recently. This is the last, neo-virgin field that Saudi Aramco has in its coffers with which it can increase production capacity (by 900,000 bpd...

The development of oil in Texas produced, in its time, the four richest men in the world (H.L. Hunt, Sid Richardson, Roy Cullen and Clint Murchison) and the single richest acre of oil production at Kilgore but is not where...