Petroleum Economist
Chilling vision of global warming
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
The greening of coal
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
Galsi gas to flow in 2012, but export targets will be missed
Galsi gas to flow in 2012, but export targets will be missed
The relentless juggernaut
The predictions for Chinese energy demand growth are good news for energy firms – but very bad news for the environment. Derek Brower reports
LNG deals hint at tactical shift
Does a host of new deals suggest China is back in the market for LNG? Derek Brower reports
Tougher times for investors
New legislation empowering Kazakhstan to break natural-resources contracts will undermine investor confidence in the republic, writes Isabel Gorst
Chevron: still an oil company
Like its peers, Chevron has had to acclimatise to a world where life is increasingly difficult for private-sector energy investors. It is making a good fist of it, writes Derek Brower
Gains tempered by North America caution
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.
US offshore LNG project survives, but others fail
With the US authorities seeming unlikely to accept proposals for open-loop vaporisation systems at US regasification terminals, McMoRan solved the problem by changing its design to incorporate a closed-loop system, writes Anne Feltus
Big blender
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
The Tupi of the iceberg
The Tupi oil discovery transforms Brazil's upstream prospects, writes Tom Nicholls
New gas pipe quashed
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
Tackling the last frontier
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