Stay up to date with the latest news and updates from the oil industry.
In March 2009, Brazil adopted the much-awaited Gas Law; regulating the transportation of natural gas. The Gas Law establishes a 30 year concession regime, bringing enhanced security for private companies to enter the market for transportation and storage of natural gas.
Rising demand for electricity at home and abroad will bolster Southeast Asian coal markets in the current financial climate.
The sheer potential of geothermal power and its value to the US aids its growing reputation as one of the very best options in the nation's growing energy mix.
Many experts predict that South America will become a net exporter of LNG in the future, however many challenges remain to the industry's development.
Following the resignation of Alaska Governor Sarah Palin, her successor Lieutenant Governor Sean Parnell has announced that the North Slope pipeline will be his top priority. Parnell is expected to pursue many of Palin’s basic policy initiatives, including an Alaska natural gas pipeline.
Exxon Mobil's Australian division and India's Petronet have signed a 20 year LNG supply contract, signaling a step towards approval for the Western Australian Gorgon project on Barrow Island.
Contrary to popular belief, the world is not running out of oil and gas; plenty still remains in the Middle East, Russia and Venezuela. The world is running out of cheap sources located in politically stable countries with open fiscal and regulatory regimes.
Petrobras has announced a new light oil find in the Campos Basin. This article looks at the new oil find; Petrobras’ International Business Plan; relations between Brazil and China; foreign participation in the Brazilian market and prospects for the Brazilian pipeline sector over the next few years.
December sees the UN climate talks in Copenhagen. Tasked with developing a new climate agreement to replace Kyoto post-2012, government negotiators, NGOs, industry, media, and other interested parties will convene to try to work out how the world can meet the challenge of climate change. Carbon capture and storage (CCS) from coal mining activity should be an important part of the discussions.
The article looks at the prospects for the continuing availability of hurricane insurance in the offshore energy markets, discusses some of the problems with the products offered, reports on efforts to improve these products and the effect that low product take up is having on the energy insurance market. Windstorm premium makes up 15 to 20% of the offshore energy insurance portfolio.
With the long-term prospect of increasing global energy demand, securing future energy supplies has become a common global issue. For those countries with dwindling production rates or low hydrocarbon reserves, the pressure for energy security is set to increase.
Newbuild and converted offshore LNG projects are now under review by ABS.