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Oil Explorers Searching Ever More Remote Areas

Article Abstract:

Experts fear that the Western Hemisphere's oil reserves are being depleted because of examples such as that of Norway's Statoil, which is predicting decreased future production while spending more money than in previous years on exploration in more and more remote areas.

Author: Mouawad, Jad

Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004

Norway, International aspects, Oil and gas exploration, Petroleum exploration, Statoil ASA

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Big Oil's Burden of Too Much Cash

Article Abstract:

The world's largest oil companies are finding that their profits are in excess of what they are prepared to spend on production and exploration, and are thus awarding large dividends to investors.

Author: Mouawad, Jad

Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005

Sales & consumption, Industry sales and revenue

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Subjects list: Production management, Finance, Forecasts and trends, Petroleum industry, Market trend/market analysis, Company financing

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