GLG News by Oil and Gas Industry Experts (Gulf of Mexico)

Jeff Franks (Reuters) in Havana reported in the June13 issue of the International Herald Tribune that Cuba plans a drilling campaign off the north coast of the island. The U.S. Geological Survey estimates that the Cuban oil field could contain 5 billion barrels of oil and 10 trillion cubic feet of natural...

Matthew Saltmarsh in Paris reported in the June11 issue of the International Herald Tribune that the International Energy Agency lowered its forecast of crude oil demand. The agency now thinks global consumption will be 86.8 million bbl/day in 2008. that is a reduction of 70,000  bbl/day from its...

The question posed does not specify a time period, so the reply is a qualified "yes". China's growth alone to reach even a major percentage of the GDP of the US will have a significant impact to aspects of the worls's other developed economies. We are experiencing some of that impact now. Even greater...

While this is a bit like asking the fox that is in the henhouse if he intends to eat the chickens, coal-fired plants can be cleaned without this type of technology risk, cost and delay.

Dale Fuchs in Madrid and Alan Cowell in Paris reported in the June 10 issue of the International Herald Tribune that Spanish truckers began blockading the borders with France on Monday. Traffic was blocked in both directions. Some strike-breakers found their vehicles damaged. Traffic was also slowed...

Alison Smale in St. Petersburg reported in the June 9 issue of the International Herald Tribune that the chief executives of the major oil companies met at the St. Petersburg International Economic Forum. BP, Royal Dutch Shell, Chevron, Exxon Mobil, ConocoPhillips, Total, Schlumberger, Dow Chemical,...

 Mr. Whitmore thinks that everything is peachy keen with the U.S. $. He thinks oil suppliers are conspiring to elevate prices.

Simon Webb and Ahmed Rasheed ( both with Reuters) in Dubai reported in the June 6 issue of the International Herald Tribune that Iraq is about to sign contracts that would increase production. Six contracts are expected to be signed which include both supergiant s Kirkuk in the North and South Rumaila....

Stephen Castle and James Kanter in Brussels reported in the June7-8 issue of the International Herald Tribune that the European Union agreed Friday to open energy markets and weaken the grip of the largest providers. The consensus of the commissioners is expected to be approved by European Parliament....

Jad Mouawad reported in the June 6 issue of the International Herald Tribune that crude oil prices had their biggest gains ever on Friday. News that Israel was considering an attack on Iran was one cause. The Iran risk premium has returned. The sharp fall of the dollar related to a Jean-Claude Trichet...