Oil & gas news

Duke Energy and China Huaneng Group will collaborate to develop gasification technology that allows carbon to be captured and stored.

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.

One of the key technologies for the realisation of eco-society is the production of biofuels.

BP and Martek Biosciences Corp. have signed a joint development agreement to develop biodiesel production using sugar feedstocks.

If captured and recovered for energy, coal mine methane is a cost-effective resource. Coal mines around the world are increasingly focusing on the commercially available, cost-effective opportunities to capture and use this often wasted resource.

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.

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.

With the long-term prospect of increasing global energy demand, securing future energy supplies has become a common global issue. For those countries with dwindling production rates or low hydrocarbon reserves, the pressure for energy security is set to increase.

The US electric utility industry must quickly find ways to acquire and integrate a large percentage of its electricity from clean renewable sources in order to meet existing and anticipated state and federal requirements.

December sees the UN climate talks in Copenhagen. Tasked with developing a new climate agreement to replace Kyoto post-2012, government negotiators, NGOs, industry, media, and other interested parties will convene to try to work out how the world can meet the challenge of climate change. Carbon capture and storage (CCS) from coal mining activity should be an important part of the discussions.