In March 2009, Brazil adopted the much-awaited Gas Law; regulating the transportation of natural gas. The Gas Law establishes a 30 year concession regime, bringing enhanced security for private companies to enter the market for transportation and storage of natural gas.
South America has an impressive total of gas reserves and is increasing its production, however, the region is continually facing problems despite its desire to expand and develop.
Subsea 7 has been awarded a pipeline engineering, construction and installation contract by BP worth approximately US$ 150 million. In addition, the company has opened a new pipeline fabrication spoolbase in Texas.
BP and Martek Biosciences Corp. have signed a joint development agreement to develop biodiesel production using sugar feedstocks.
One of the key technologies for the realisation of eco-society is the production of biofuels.
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.