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Petroleum Economist

Our chances of successfully tackling climate change before damage to the environment becomes irreversible are worsening. So says the IEA in its most worrying World Energy Outlook ever. Alex Forbes reports
Drax Power must continue to provide reliable baseload electricity for the UK while reducing its environmental impact. Chief executive Dorothy Thompson says it is making progress. Interview by Tom Nicholls
RISING oil prices and strong demand for production increases worldwide ensured a strong third quarter (Q3) for the international oilfield services sector. But weakness in North America is keeping market exuberance in check, writes Ian Lewis.
As part of its programme to bolster offshore oil output, Pemex is redeveloping its 4.9bn barrel Ku-Maloob-Zaap field with a large-scale FPSO capable of blending crude oils with varying API ratings and sending 1.2m b/d to shore. Darius Snieckus reports
In a move seen as demonstrating her green credentials, the country's new energy minister has turned down StatoilHydro's planned further development of the Troll field – a decision that has led to the cancellation of plans for a new gas export pipeline to Europe, Martin Quinlan writes
Fields lying west of the Shetland islands may hold enough gas to meet 8% of the UK's present consumption. Developing infrastructure in this hostile area calls for a multi-company initiative, according to a government-industry task force, and the business plan should be in place by summer 2008, Martin Quinlan writes