Contrary to popular belief, the world is not running out of oil and gas; plenty still remains in the Middle East, Russia and Venezuela. The world is running out of cheap sources located in politically stable countries with open fiscal and regulatory regimes.
Duke Energy and China Huaneng Group will collaborate to develop gasification technology that allows carbon to be captured and stored.
Australia's carbon trading plan has been rejected in the same week that the UN strives to make its climate proposals more manageable.
Although the financial crisis has hit both the thermal and met coal markets hard, the outlook for both markets is now more positive.
Rising demand for electricity at home and abroad will bolster Southeast Asian coal markets in the current financial climate.
Following the resignation of Alaska Governor Sarah Palin, her successor Lieutenant Governor Sean Parnell has announced that the North Slope pipeline will be his top priority. Parnell is expected to pursue many of Palin’s basic policy initiatives, including an Alaska natural gas pipeline.
The sheer potential of geothermal power and its value to the US aids its growing reputation as one of the very best options in the nation's growing energy mix.
When discussing the digital oilfield, one thing the majority of commentators agree on is that it involves operators having maximum awareness and control over their assets. Many also agree that the technology and connectivity across the oilfield is now there and that the key question facing operators is how best to utilise and integrate these technologies.
India has ambitions to become the hub for petroleum products exports. The export potential coupled with the additional capacity additions and new refineries provide a unique opportunity for potential investors.
Newbuild and converted offshore LNG projects are now under review by ABS.
Exxon Mobil's Australian division and India's Petronet have signed a 20 year LNG supply contract, signaling a step towards approval for the Western Australian Gorgon project on Barrow Island.
Many experts predict that South America will become a net exporter of LNG in the future, however many challenges remain to the industry's development.