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Saudi Arabia has accused Iran of straying onto its territory near oil and gas fields in the Gulf and warned it was looking at how to respond http://www.jpost.com/Headlines/Article.aspx?id=291492
“I have submitted to Secretary-General Ban Ki-moon a letter that details Iran’s breaches of the official conventions and treaties between it and Saudi Arabia,” Okaz quoted Mualimi as saying. A Foreign [...] Exxon Mobil is no longer the world’s number-one oil producer. As of last week, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company. Rosneft is buying TNK-BP, which is a vertically integrated oil company co-owned by British oil firm BP and a group of Russian billionaires known as AAR. One of the top-ten privately owned oil producers in the [...] Computer systems at the Saudi oil giant Aramco have been taken offline by a computer virus only days after a similar attack. It is the second cyber attack targeting the Aramco computer network in less than a month. A ‘hacktivist’ group named the Cutting Sword of Justice has claimed responsibility for the attack on August 15 in an online forum, saying the company was the main source of income for the Saudi [...] I have just one question… WHY THE HELL DO NUCLEAR PLANTS HAVE COMPUTERS HOOKED UP TO THE NET?
http://www.bbc.com/news/technology-19293797 A new threat targeting infrastructure in the energy industry has been uncovered by security specialists. “It is a destructive malware that corrupts files on a compromised computer and overwrites the MBR (Master Boot Record) in an [...] The Economic Collapse
The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014. Over the past several years, China [...] From breitbart: Saudi state oil giant Aramco inked a deal Saturday with China’s Sinopec to build an oil refinery in the Red Sea city of Yanbu that will process 400,000 barrels per day, state news agency SPA said. The project, named Yasref, aims to be operational in 2014, SPA reported. Saudi Aramco will hold a 62.5 percent stake with Sinopec holding the balance in the venture that highlights China’s growing role as an infrastructure developer in the [...] From WSJ: DHAHRAN, Saudi Arabia—A senior oil executive said Saudi Arabia is unlikely to proceed with plans to raise its oil output capacity to 15 million barrels a day, as expansion plans in other producing countries such as Iraq and Brazil should be enough to satisfy world markets. “There is no reason for Saudi Aramco to pursue 15 million barrels [of output capacity],” Saudi Arabian Oil Co. chief [...] Amherst, Mass. AS WikiLeaks’s trove of diplomatic dispatches continues to trickle out, one recent release has caused quite a stir: a cable from an American diplomat who said he was told by a Saudi oil executive that both official estimates of Saudi oil reserves and their ability to meet global demand in the long run have been vastly exaggerated. In turn, many proponents of “peak [...] |
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