Daily Archives: October 27, 2010

Sheila McNulty

Conoco Phillips, the US’ third biggest oil and gas company, said today it scaled back north America natural gas production late in the third quarter by about 180m cubic feet equivalent per day. It did so because of low natural gas prices, under constant pressure from the shale gas production boom. Read more

Kiran Stacey

A total of 144 new licences have been granted to explore oil and gas off the UK coast today. But the industry isn’t happy – 99 have been held back for further assessments on the likely ecological impact. Read more

Kiran Stacey

It seems like Rick Boucher is not the only one being forced to fight for his political life over the cap-and-trade bill. Tom Perriello, another Virginia Democrat, is also coming under fire for his support of the bill. Read more

Kiran Stacey

Masdar city was meant to be the world’s first carbon neutral city. Based in Abu Dhabi, its creators envisioned a glittering city in the desert, entirely self-powered, and after the initial building stage, having no net effect on the world’s carbon emissions.
But earlier this month, the company confirmed it would cut up to $3.3bn from its budget after a 10-month strategy review. Last weeks, days after the results of the review were announced, I talked to the company’s CEO, Sultan al-Jaber, and the city’s director, Alan Frost, about their plans for the future. Read more

FT Energy Source

- Vestas to cut 3,000 jobs at wind turbine plants – FT
- Vestas uses downturn as an excuse to reorganise – FT Lex
- Peeling away the onion of Denmark wind energy – Master Resource
- EDF to buy Constellation nuclear stake for $249m – Bloomberg
- Higher output and prices push up TNK-BP sales – FT
- Shetland drilling could trigger spill worse than BP’s – The Telegraph
- Explorers endure bumpy ride for Falklands oil – FT
- Cairn fails to strike oil in Greenland – The Times (£)
- Abu Dhabi award oilfield contracts in $10bn onshore programme – Bloomberg
- California tax initiative may disrupt climate efforts – Argus
- Best to tune out the fanfare over Coal India IPO – FT Lex
- Navajos comes to grips with coal mining – NY Times Green blog Read more