Daily Archives: November 17, 2009

Sheila McNulty

A programme to bring plug-in hybrid electric vehicles to the streets of Houston is being launched on Tuesday by Reliant Energy, which is backed by one of the nation’s largest power producers, NRG Energy.

The programme includes converting 10 Toyota Prius cars, owned by the city of Houston, to plug-in hybrid electric vehicles and installing 10 vehicle-charging stations to power them. Seven of the 10 charging stations will be open to use by the public, representing the biggest public charging infracture in Texas.

The goal is to raise consumer awareness and education about plug-in electric cars and promote Houston and Texas as an electric vehicle center.

Carola Hoyos

On Energy Source:

The downsides of subsidising gas

Devon bets on US natural gas, selling its international and Gulf of Mexico assets

Elsewhere:

Dragon Oil says Enoc won’t offer more than 455p/share (Reuters)

Oil pollutes Sudanese waters (BBC)

Judge: Protecting the environment is no excuse for buying oil leases you can’t pay for (NYT)

China to build another oil storage base (Reuters)

Philippines lifts oil price cap (Philippines Daily Inquirer)

Brazil finds more oil in Campos Basin (AFP)

Russia to open new export route to Asia in December (Reuters)

Regal gets hit with record fine (Guardian)

UK Farmer cashes in on oil boom (sort of), but his wife has the clearest assessment of the oil industry (Express)

What Equatorial Guinea’s agriculture minister can buy in California (NY Times)

Ship to ship oil transfers off Suffolk coast to be banned (EDP 24)

Indian nuclear facilities put on terrorist alert (Vancouver Sun)

Carola Hoyos

Starter for 10: Which is the world’s third largest natural gas consuming country?

Sheila McNulty

The announcement by Devon Energy that it will sell its Gulf of Mexico and international assets to generate up to $7.5bn, so it can focus its attention on the north American onshore assets and retire debt, underlines the growing significance of the US natural gas play.

Devon, which has been an early investor in the natural gas play, with its leading position in the Barnett Shale, must believe that future returns lie with natural gas trapped in shale across the US. Indeed, a lot of the independents do.

James Fontanella-Khan

UN links climate with hunger
World can’t achieve food security without tackling global warming, says Ban Ki-Moon (FT)

Copenhagen hope fading, warns Seychelles
‘Copenhagen was a beacon of hope, but its brightness is fading’ (FT)

Essar to buy stake in Dhabi group’s Africa telecom assets
Total enterprise value of Uganda and Congo operation is $318m (WSJ)

Devon to offload international assets
US oil-gas group looking to sell assets for up to $7.5bn (FT)

South Korea to cut greenhouse emissions 30% by 2020
Move comes as a binding global accord on climate change appears unlikely (Bloomberg)

Copenhagen is only the beginning
It will not be the last word in climate change negotiations (FT)

Doosan focuses energy on renewables
South Korea’s biggest power plant maker is stepping up its shift (FT)

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