The chair person of the SilverBirch Energy Corp, the emerging miner of Oilsands declared that, the company will make slow and strong measures in its project development and it will be learning from its downfall which the company has experienced in the recent past. Howard Lutley, the new Chief Executive Officer of the SilverBirch Energy Corp. told that, all the oil and gas drilling companies should learn from the past failures and mistakes, the companies should not undermine and they should not develop project at rapid speeds. He also mentioned that the companies should perform rigorous examination on the oil wells with the help of competent engineers and the engineering reports should be clear before they embark on the field.
The SilverBirch Energy Corp. is the byproduct of the Canada’s Total E&P that is 1.5-billion acquisition of UTS Energy Corp., which was closed recently, currently the company is managed and controlled by the UTS’s banner asset and it manages nearly 20 percent of the stakes in the upcoming Fort Hills mine. SilverBirch Energy Corp. has made its debut recently in trading and it is formed by the faculties of the UTS Energy Corp. and Howard Lutley, was the vice-president for the mine extraction since he is experienced in facing numerous challenges in the Fort Hills.
The full details on investing in energy, energy investments, investments in energy are found in our site Oil well Companies. Sheikh Ahmad Al-Abdullah Al-Sabah, the Oil Minister and Minister of Information of Kuwait announced that, Kuwait is very eager to innovate new methodologies in the oil fields and to develop Kuwait to vie on an universal scale. Sheikh Talal Al-Khaled Al-Sabah, the Managing Director for Parliament, Government and Public Relations for the Kuwait Petroleum Corporations, declared in a conference that, the people of the Kuwait are very eager to experiment the latest technologies in the oil trade and to enhance the oil industries. Sheikh Talal Al-Khaled Al-Sabah mentioned that they will be getting the guidance of the national working force for the oil project implementation and they consider this project will provide grandness to the nation and around KD20 billion was allocated for this oil venture.
IHS Herold, the oil and gas research firm declared its latest report the 2010 Global Upstream Performance Review portrayed that, global upstream investment of more than 224 oil and gas companies has been diminished around 23 percent in 2009, estimated around $378 billion. Amid the spending on the development fell to 20 percent, this was an unprecedented decline for the past ten years and the hydrocarbon reserves were increased to three percent since 2005. The natural gas production has been increased nearly 2.2 percent.
