Daily Archives: July 12, 2010

Kate Mackenzie

How safe are the shale gas wells that are springing up around parts of the United States? And how well will they pay off for the increasingly large investments that are going into them? Late last month I spoke to Terry Engelder, professor of geosciences at Pennsylvania State University and an expert in shale formations there, about these rather controversial aspects of shale gas, and more. Read more

Kate Mackenzie

Most predictions of supply-side problems choose either the ‘supply crunch’ or the ‘peak oil’ camp. A new paper from thinktank Chatham House and insurance market Lloyds of London says both could be an issue – one that could lead to $200 oil by 2013. Read more

Kate Mackenzie

When it comes to “openness”, publishing data and methodologies and diverting more resources into supporting FOI requests are relatively straightforward. By contrast, a fear that an off-the-cuff comment from a scientist will be misrepresented in the media is understandably the stuff of nightmares for the IPCC secretariat these days. Read more

The score is Dusters: TWO (FOGL and Desire Petroleum), Gushers: ONE (Rockhopper Exploration) in the Falklands Oil drilling campaign, for which £250m was raised via the London stock exchange. The Ocean Guardian drilling rig now returns to Rockhopper’s Ernest and Sea Lion prospects in the North Falklands basin, where the geological conditions are very different, we are told. The rig should arrive by July 20. Read more

Kate Mackenzie

Some mixed evidence for the sometimes-reviled ‘financialisation’ of commodities, at least from the pension funds: Some UK pension fund managers are indeed increasing their commodities exposure. At the same time, traditional US pension funds are being put off by the volatility and poor returns thanks to market contango.  Read more

Kate Mackenzie

- Areva’s Besnainou updates nuclear bloggers

- Gulf oil spill: inserting the transition tool, in pictures

- Pachauri’s media-unsavvy letter to IPCC scientists about dealing with the media

- Rig owner known for testing rules

- Opec output dented

- Are all the best wind farm spots taken? [And more] Read more

Kate Mackenzie

- PetroChina open to closer ties on BP – FT

- New BP oil well cap to take days to fit – FT

- BP chief puts on brave face in email to staff – FT

- Italy set to cut solar incentives: industry sources – Reuters

- Oil firm on China’s large trade surplus – UpstreamOnline

- Obama urges boosting clean energy tax credit – Reuters [And more]  Read more