Oil

Sheila McNulty

Alaska’s decision to host the largest oil and gas lease sale of any US state this year is good news for the oil and gas industry, which has been pressing for more access. And while the resulting exploration and production certainly will be good for the overall economy – creating jobs and boosting activity – it is a pity that it is not against a backdrop of better news on the environmental front.

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Sheila McNulty

The issue of hydraulic fracturing, or fracking, has taken on a life of its own. But with so much misinformation circulating, it is hard for the general public to know whether it is a good thing or a bad thing. The truth is – as with any polarizing issue – somewhere in the middle Read more

Smart meters and BG Group in Brazil

In this week’s podcast: Smart meters in the UK will save energy companies billions – but consumers only £23 per year. And BG Group revises the oil reserve estimates in Brazil. Good fortune for the company, but what does it mean for the energy market? Read more

Sheila McNulty

While oil patches from the Bakken shale to the Eagle Ford have been getting a lot of attention in recent years, the oil industry has been increasingly focusing its attention on one of the oldest and richest oil-producing basins in the country – the Permian Basin. Permian formations have long trapped hydrocarbons in shale and other tight sands and rock in what was formerly the Permian Sea, an area of 110 degree heat desert that stretches 100,000 square miles across West Texas and Southeastern New Mexico.

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BP, EU emissions, India

In this week’s podcast: BP looks to settle potential claims over the Gulf spill; global airlines prepare to be included in EU emission targets; and we talk to Sangram Nayaka, organiser of the Energy Investment Summit in Dehli about India’s energy policy – nuclear vs renewables? Read more

Audio ENRC, Cairn Energy, UK prices
In this week’s podcast: ENRC, the FTSE100 miner implodes; Greenpeace continues its campaign to kick oil companies out of the Arctic; and, energy prices in the UK.

Presented by Sylvia Pfeifer with William MacNamara, Chris Thompson in Greenland and Adam Scorer from Consumer Focus Read more

Sylvia Pfeifer

It’s been a fortnight of corporate comebacks for former BP executives. First out of the blocks was Tony Hayward, the former chief executive of the UK oil group, with the launch last week of his energy fund, Vallares.  Read more

William MacNamara

The movement to enforce a higher standard of transparency in the oil and mining sectors gained ground last week during the G8 meetings, when the head of the European Commission said he expected mandatory disclosure laws to be tabled in October.
The final declaration from Deauville, where G8 group of industrialised countries concluded meetings on Friday, included a commitment “to setting in place transparency laws and regulations or to promoting voluntary standards that require or encourage oil, gas, and mining companies to disclose the payments they make to governments.”
The European Union is moving toward replicating a controversial provision of the US Dodd-Frank act.

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Sylvia Pfeifer

Sylvia Pfeifer reports from “Gas City” or Doha, the capital of the state of Qatar. Located halfway along the Western coast of the Arabian Gulf, Qatar has been enjoying a construction boom fuelled by its hydrocarbon riches, in particular the world’s largest single gas field, the North Field. The field contains more than 900 trillion cubic feet of gas, equivalent to 150bn barrels of oil, or more than 10 per cent of worldwide gas resources.  Read more

Sylvia Pfeifer

The board of Tony Hayward’s new energy fund, Vallares, which will see the former head of BP return to British corporate life, is taking shape. George Rose, the former finance director at BAE Systems, the defence contractor, is in talks to take up the position of chair of the audit committee. Read more