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Petroleum Economist

Stopping the flow from the Macondo well is not the end of the Deepwater Horizon affair. Along with BP, environmentalists and the US government must rebuild credibility that has been lacking in the aftermath of the accident
WITH a commitment to cut carbon emissions by 34% by 2020, and little of its own money to spend, the UK government needs to encourage private investment into low-carbon generation. Nuclear power must play a key role in this, but there are regulatory obstacles to the kind of long-term investment needed. A carbon floor price and an obligation for traders to buy low-carbon power under long-term contracts are the two sticking points.
India's Cambay field holds 413bn cubic feet (cf) of economically recoverable tight gas, says one of the companies developing the resource. The estimate – based on a nine-month study by a reserves specialist – is a boost to the prospects of India's unconventional-gas industry
Oil prices, which topped more than $82/b earlier in August, were softening as the month moved on, amid renewed worries over the global economy, record-high stocks in the US and a dip in Chinese demand
Cenovus's extensive oil-sands resources mean "decades of double-digit growth". And the firm may accelerate development through a series of partnerships – possibly with Chinese investors, says Chief executive Brian Ferguson
Cenovus's extensive oil-sands resources mean "decades of double-digit growth". And the firm may accelerate development through a series of partnerships – possibly with Chinese investors. Chief executive Brian Ferguson talks to Tom Nicholls