Monthly Archives: April 2010

Kate Mackenzie

The leak from site of the deadly Gulf of Mexico oil rig explosion is five times bigger than estimated – 5,000 barrels a day, not 1,000 as previously thought. Meanwhile the US Coast Guard is likely to burn off some of the surface slick on Thursday, after carrying out a test burn on Wednesday with BP. Read more

Carola Hoyos

Angola overtook Saudi Arabia as China’s largest crude oil supplier in March, a month in which China’s imports rose to their second highest level on record, according to Petroleum Intelligence Weekly. Read more

Kate Mackenzie

The US’s first offshore wind project, Cape Wind, has been approved for installation off the Cape Cod coast — although with several revisions, including reducing the number of turbines from 170 to 130. And it only took nine years. Read more

Kate Mackenzie

- Saudi Arabia global oil exports to wane post-2010

- Why burning leaked oil works

- And what happens to the oil already skimmed off the sea surface

- “The automobile is a transient stage in the evolution of mankind’s ability to transport oneself”

- Why Graham dumped the Democrats on climate

- The Libya-UK energy question, updated [And more] Read more

Kate Mackenzie

US Coast Guard finds new leak in undersea well – Reuters

Crews try setting fire to oil slick – AP

Shell joins clean-up effort for BP – FT

Reid says he will move on climate bill first – The Hill

China in Pakistan nuclear deal – FT

Deutsche Bank, 50 other firms raided in carbon VAT investigation – Bild

PPL to buy Eon supply assets in US – FT

Climate change fears cloud Mediterranean tourism outlook – FT [And more] Read more

Fiona Harvey

We can expect carbon allowance prices, which are over €15 and testing six- and seven-month highs, to stay around current levels for a while. Whether prices will go high enough to spur investment in low-carbon energy, however, is another question altogether. Read more

Kate Mackenzie

How safe is hydro-fracking? An expert on the Marcellus shale says that some drillers – and some environmentalists – are making overblown statements about the safety or otherwise of shale gas drilling.  Read more

Carola Hoyos

For a long time, Total, the French oil company, has been one of the boldest of its peers when it comes to venturing to politically troublesome countries. Burma, Sudan and Nigeria are all on the list of countries in which it has investments. The stock line has been that unless United Nations sanctions prohibit investment, Total will consider the country fair game. Read more

Ed Crooks

As Royal Dutch Shell reports first quarter results – matching BP in comfortably exceeding analysts’ expectations – its chief financial officer Simon Henry has had some interesting things to say about the company’s plans in China. Or rather, it would be more accurate to say, “with China”. Read more

Kate Mackenzie

[Chart] Both these companies reported much higher profit rises than consensus analyst forecasts had expected this week. Guess which one was overshadowed by a massive oil spill clean-up? Read more