Daily Archives: March 23, 2010

Ed Crooks

On Energy Source:

The climate emails inquiry

Anadarko’s exploration success

Energy headlines

Elsewhere:

Virent produces small quantities of “biogasoline” from sugar (WSJ)

Toshiba and Bill Gates to develop nuclear reactor (Sify)

More scepticism over Calera’s carbon capture (NY Times)

India competes with China in the battle for oil (The National)

World oil reserves over-stated by up to a third, says former UK chief scientific adviser (The Telegraph)

…and how he was attacked for taking a different view in 2007 (The Oil Drum)

Sheila McNulty

Anadarko Petroleum’s unprecedented exploration success has left the US oil and gas producer with the challenge of developing a string of big projects on time and on budget. The company announced nine deepwater discoveries in 2009 – big discoveries in key areas, such as the US Gulf of Mexico, Brazil and along the newly found oil coast stretching from Ghana to Sierra Leone.

Each of these could easily cost billions of dollars to bring on production if appraisal activity determines they are large enough to be commercially developed.  They are the long-life assets coveted by the world’s biggest oil companies, who have pulled back from exploration to focus on managing big projects, such as liquefied natural gas, or buying assets discovered by others.

This has stoked rumors Anadarko is being targeted by companies such as Royal Dutch Shell and Chevron looking to acquire future production, following ExxonMobil’s decision in December to buy XTO Energy for $31bn in stock and $10 in XTO debt.

James Fontanella-Khan

Rio treads tangled path through Chinese diplomacy (FT)

Ukraine to hold gas talks with Russia (FT)

Interview: Jann Brown, Cairn Energy (FT)

BHP says trend to market-based ore pricing will stay (Bloomberg)

Venezuelan electricity crisis deepens (FT)

Green investment fund hit by delays (FT)

Engyco flotation seeks to raise up to €1bn (FT)

Carbon traders try to reply to fears (FT)

Graham says climate-change legislation may be ‘very difficult’ (Bloomberg)

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