Our new Senior Editor Nina Rach, whose focus is on the drilling portion of our magazine and Web site, kindly asked for us to change our blog name Internet Drillers as our blogs have nothing to do with drilling. Fulfilling a logical request, we now introduce Rebecca’s and Ralph’s “Internet Oil Drum.” No, there’s no drumming involved, but I am a musician so I say it counts (for the record I’m not a good drummer).
That aside, I wanted to focus your attention to an article I was reading earlier: “Chinese oil demand fueling Iranian defiance”
Despite tough talk from Washington, China needs Iran's oil too much to support sanctions that might actually bite.
http://money.cnn.com/2009/09/30/news/international/Iran_oil/index.htm?cnn=yes
The article discusses how our government is working to tighten trade sanctions with Iran after it uncovered information there is a hidden facility that makes materials for nuclear weapons in Tehran.
The problem is that Iran is the fourth largest crude exporter in the world. So, which countries are going to be willing to sanction their oil supply? Read the article to find out. There’s also a video embedded in the article. Definitely a great read!
Recommended Reading
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Inside Ineos’ US E&P Business Plan: Buy, Build, Buy
2025-01-27 - The E&P chief of U.K.’s Ineos says its oily Eagle Ford Shale acquisition in 2023 has been a profitable platform entry for its new U.S. upstream business unit. And it wants more.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
2025-03-11 - Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
BKV Positions Itself to Meet Growing Power, CCS Demand
2025-02-26 - Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply.
Sabine Oil & Gas to Add 4th Haynesville Rig as Gas Prices Rise
2025-03-19 - Sabine, owned by Japanese firm Osaka Oil & Gas, will add a fourth rig on its East Texas leasehold next month, President and CEO Carl Isaac said.