Daily Archives: October 28, 2010

India may be catching up with China in terms of GDP growth but it still lags far behind on electricity provision. The contrast between the two global heavyweights is stark: nearly 404m Indians currently live without any electricity at all, compared to 8m Chinese. Read more

Kiran Stacey

If you want to drive a change in the wider energy mix, start with the navy. That was the case when Winston Churchill helped spur a boom in oil demand by switching the British navy from coal to oil. Now the US navy may be about to do the same with algae. Read more

Sheila McNulty

As if there were not enough gas in the US.
The US Geological Survey has discovered that much of what it thought was oil in the National Petroleum Reserve in Alaska is actually gas. It says in a new report that new estimates are for 896m barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered, non-associated gas within the reserve and adjacent state waters. Read more

FT Energy Source

- Shell profits rise 7 per cent on higher oil price – Bloomberg
- PetroChina profit increases on higher oil prices – Argus
- Conoco more than doubles quarterly earnings – FT
- Internet talk of Falklands oil discovery ramps Desire – The Telegraph
- EDF looks for new US partner – FT
- EDF and Constellation come to a sensible compromise – FT Lex
- Total gas project brings 500 jobs to Shetland – The Times (£)
- BG project hit with $1.2bn tax claim in Kazakhstan tussle – The Telegraph
- UK carbon tax has been killed by austerity – FT Lex
- Dubai faces environmental problems after growth – NY Times
- Saudi Arabia goes ‘green’ – FT
- Prop 23 outcome could sway venture funds – WSJ
- World Bank launches scheme to ‘green’ government accounts – Reuters Read more