Oct 2013

The growth of unconventional gas and oil production will be hindered by an undeveloped service industry, industry leaders told the annual Oil & Money conference in London

Chief economist at the IEA said Europe is especially vulnerable to high prices

Asia are slowly waking up to the fact that new supplies from North America will not be cheap – and nor will they flood the market anytime soon

It might take at least a decade, but industry insiders believe Singapore is positioning itself to take the lead in the region's gas trade. But will the country be a physical trading location or a price-reference point?

Total has joined the crowd of majors flocking to South African waters

The Russian oil major has made a decision to buy out minority stakeholders in TNK-BP

Almost four years on from the Macondo disaster, the deep-water Gulf is experiencing a revival. Output is growing and explorers are making major finds in deeper, newly emerging plays

The Hungarian government has criticised Croatia over tactics used

Problems still stand in the way, but the mood has shifted

China's major state-owned producers have been dogged by a spate of corruption scandals, with senior officials accused of abusing their positions and encouraging anti-competitive practices. Will new president Xi Jinping curb the might of the country's big three?

Technical challenges and unattractive economics have forced China back to the drawing board to figure out how to develop the country’s shale-gas resources

Damaging and disruptive, gas flaring is bad for the environment and for companies, yet it's on the rise in North Dakota

An international reinsurance consultancy, Willis Energy, predicts there will be a softening of the market in the rest of 2013

BG revealed problems at key projects, after a share price drop earlier this year

The EIA forecasts total US crude production will reach 13.1 million barrels per day by 2019

Ibrihim Jadhran's skills were once so valued by the Libyan government, he was granted a top post with the country's Petroleum Facilities Guard. Now, after ordering his troops to seize control of a swathe of Libya's vital oil-export ports, Tripoli sees him as the main threat to the country's stability. Wil Crisp meets the eastern Libya rebel in his Ajdabiya headquarters

Opec is losing market share as North American supplies rise and global demand remains tepid

Maria van der Hoeven, executive director of the International Energy Agency (IEA), speaks to WEC Congress News about the issues and sectors likely to top the agenda for delegates to this year's World Energy Congress

As delegates arrive in Daegu, Damon Evans weighs up the issues topping the agenda at the World Energy Congress 2013

Juggling the need for energy security and adequate supply while cutting emissions is a tough task. Justin Jacobs looks at how South Korea deals with these competing demands

Aramco chief’s calls for greater energy efficiency echoed by GE’s Bolze

WEC’s Rose warns CO2 increase ‘inevitable’ unless policy-makers act

Industry leaders see diversification, not revolution, from new supply

The carbon dioxide emissions are expected to increase to 22 billion tonnes by 2035

Saudi Aramco’s chief executive Khalid Al-Falih tells WEC Congress News that the energy industry must work together to find solutions to the challenges that lie ahead

Cost is the main driver behind steep increase, consultancy says

Chief nuclear officer tells of company’s renewed focus on safety, adds the fuel source is both desirable and cheap

Researchers say commercial production ‘realistic’ by mid-century

Carbon capture, utilisation, and storage (CCUS) technologies will become increasingly important as fossil fuels are expected to meet the bulk of global energy demand for decades to come, but major players in the sector need policy and regulatory certainty

The head of one of South Korea's main energy companies told WEC 2013 his country needs to shift energy policy from a supply focus to managing energy demand

IFP Energies Nouvelles chairman predicted the rise of hybrid cars at the WEC Congress

Though the continent has plenty of energy resources, integrating them into a trans-continental energy network remains an elusive goal for the region’s governments

Experts see bright future ahead – but industry players still need to do more

Climate change experts have warned that the international community must do more to halt global warming, writes Helen Robertson

Hydropower has the potential to provide an abundance of low-carbon energy, but public opposition is derailing its expansion

New frontier energy sources, such as methane hydrates and oil shale, have the potential to transform the energy landscape, but technical innovation will be crucial to help unlock them

Demand for natural gas in the Asia Pacific region is projected to expand at 3.9% per year, hitting 1.46 billion tonnes of oil equivalent (toe) by 2035, up from 566 million toe in 2010, driving demand for liquefied natural gas (LNG) in gas-short Asia

The country was named as the host of the congress last November

Industry has both the opportunity and responsibility to determine our future

The power sector needs to juggle reliability, sustainability and affordability, says Dr Suess

Power generation spend needs to double in 20 years to meet surge in electricity demand

The US looks set to achieve net energy self-sufficiency within two decades, but it could be a lot faster than that if innovation is allowed to flourish in a stable business environment, according to a panel of US politicians and business leaders

GDF Suez’s Mestrallet hits out in speech to WEC 2013

Shell chief executive tells Asia that intelligent urban planning is key to managing energy demand

South Korea’s president voices support for proposed gas trunkline from Russia

Figueres spells out problems that hamper action on carbon emissions

The International Energy Agency (IEA) is championing energy efficiency as a major new fuel with huge potential to cut carbon emissions, as well as pollution, whilst providing cost effective energy security, writes Damon Evans

Price agencies and industry leaders call on Beijing to lift veil on nation’s crude trades

Power network linking Russia to Japan "concrete way towards a more harmonious region"

UAE adapting oil and gas expertise to spearhead renewables drive

Improving international trade of clean energy will help to lift millions of people in developing countries out of poverty, industry leaders said

Turkish deputy energy minister believes East Mediterranean gas finds will help forge closer bonds

Genel boss Hayward tells delegates tyranny of scale may force IOCs to rethink strategy

Improving energy efficiency is the key to balancing increasing global energy demand in an environmentally sustainable way

The prospects that Asia’s economic growth will be powered by green energy technologies are decidedly bleak, writes Justin Jacobs

Wang Yumin vows green growth, as Russia and Canada outline plans to meet global needs

Recent policy shifts implemented by a number of European Union (EU) member states have cast doubt on the bloc’s plan to integrate its gas and power networks into a common energy market by the end of next year

In spite of persistent safety concerns the industry remains confident that it can return to growth

Development banks and commercial institutions argue for different strategies to provide energy to the world’s poor

UK environmentalist Jonathan Porritt maps out his vision for a world that has broken its reliance on fossil fuels – and that vision has its merits. Book review by Damon Evans

Germany's renewable energy policy has pushed up consumer bills, but carbon emissions have also increased over recent years

Demand for natural gas in the Asia Pacific region is projected to expand at 3.9% per year, hitting 1.46 billion tonnes of oil equivalent (toe) by 2035, up from 566 million toe in 2010, driving demand for liquefied natural gas (LNG) in gas-short Asia

Brent and WTI prices slipped in October as a partial US government shutdown threatened to depress crude demand from one of the world’s largest oil consumers

Steep falls in output from Libya and Iraq led to Opec output falling below 30m b/d

Australian producer Woodside Petroleum has claimed the Japanese government is fuelling gas buyers’ rising losses and stalling the development of new projects

The country's 20% hike in domestic gasoline prices will push thousands more people even deeper into food poverty

New Zealand aims to open up its deep-water frontiers to help offset slumping oil production and boost export earnings

Drilling has shown East Africa to be rich in oil and gas. Now the region and its investors must do the hard part, and turn the reserves into production and income

Seven years after oil was discovered in inland Uganda, first flows are still in the distant future

A world-class gas reservoir should make Mozambique a global LNG power. But the pace of development may be slower than expected

Tanzania's offshore gas reserves are developing quickly. Plans to use the resource are not. Hopeful LNG exporters will have to be patient

New drilling campaigns underway will decide whether the country joins its neighbours as an East African upstream player

The Chinese company needs to expand internationally if it is to hit 2015 output targets

The country's prolific pre-salt fairway enters a new era as western majors team up with Petrobras and two of China's state-owned players to tap Libra's bounty

Fatih Birol of the IEA said LNG markets would face strong competition from coal as demand increases

The agreement will see the development of gas from the Olesko field in western Ukraine

The country has amended its oil-exploration law to include guidelines for hydraulic fracturing (fracking) in a signal it will support shale-gas development

A series of unfortunate events has spelled the end for one of Brazil's most high profile companies, writes Justin Jacobs

Shale-gas development poses little risk to public health, according to a new report by the UK government

Chevron has signed a draft production sharing agreement (PSA) for shale-gas exploration in Ukraine