Energy transition
Mexico sees return to normality for oil hedging
Banks’ ability to act as a counterparty is “back to a very normal situation” after the credit crunch, according to one of the designers of Mexico’s oil price hedging programme.
Venezuelan sands could dwarf Canadian reserves
Venezuela’s Orinoco Oil Belt could contain 513 billion barrels of technically recoverable heavy oil, double original estimates, according to a report released last week.
Carbon regulation block unlikely to get past President
A congressional move to prevent US Environmental Protection Agency (EPA) regulation of carbon emissions is unlikely to get past President Barack Obama, but the bipartisan protest indicates legislators want extra time to formulate their own climate change…
Indian power market faces increased regulation
India’s Central Electricity Regulatory Commission (CERC) issued Power Market Regulations for 2010 this week as part of the Electricity Act passed in 2003.
Iran sets out mixed energy plan 2010/2011
Iran’s national budget for 2010/2011 will be less reliant on oil revenues but will still reveal "good news" on oil production of 20% enriched fuel in February this year, says Iranian president Mahmoud Ahmadinejad, in a move aimed at making the state less…
India boosts renewables market with REC scheme
India has followed many US states’ example with the introduction of Renewable Energy Certificates (RECs) this month.
Eni, Oxy & Kogas seal Iraq deal
Three major oil and gas companies have sealed a deal with Iraq’s South Oil Company and Missan Oil Company that is set to increase production by 1 million barrels per day (bbl/d) over the next six years.
CFTC to include Ice Henry Hub SPDC contracts in traders' reports
The Commodity Futures Trading Commission (CFTC) will include positions in the IntercontinentalExchange (Ice) Henry Hub natural gas contract in its weekly Commitments of Traders (COT) reports.
EU & Iraq pact will not boost energy supplies
Iraq will not boost the European Union’s (EU) oil, gas or power supply, or become a key supplier in the near future, say analysts, following the announcement that the two parties signed a Memorandum of Understanding designed to secure the EU’s energy…
Masdar and E.on create carbon trading venture
Abu Dhabi-based renewables company Masdar has joined forces with German utility E.on to form E.on Masdar Integrated Carbon (EMIC), a company focused on developing carbon emission reduction projects.
Sonatrach CEO probe not affecting exports
Market fears about an Algerian oil and gas export shutdown are unfounded, say analysts, following confirmation that the chief executive of state-owned energy company Sonatrach is now under judicial review.
Kupe light crude oil ready to ship
Origin Energy New Zealand has revealed that the Kupe gas project will be making the first shipment of light crude oil from Taranaki port on January 17.
Upstream deals boost oil and gas companies’ outlooks
The value of oil and gas deals announced last year increased by 10% from 2008 to $198 billion, although the total number of deals fell from 1,152 to 837, according to Ernst & Young’s third annual global oil and gas transactions review.
Moody’s: Oil will average $75 in 2010
Oil prices will average $75 per barrel (bbl) in 2010, following rising growth in global oil consumption, fuelled by buoyant demand in developing economies, led by China, says rating agency Moody’s.
WEF: Oil price spikes remain top 10 risk for 2010
Oil price spikes remain one of the World Economic Forum's (WEF) top 10 economic risks for 2010, with the risk-rating moving up to medium risk from low risk in 2009.
Deals of the Year: Ventyx
Ventyx partners with Xcel Energy in SmartGridCity initiative.
Deals of the Year: Barclays Capital
BarCap structures hedging facility for Chesapeake Energy
EIA: World will be more dependent on Opec oil
The world will become more dependent on Organization of the Petroleum Exporting Countries (Opec) oil by the start of 2011, following sustained surplus production capacity and a forecasted decline in growth from countries outside the producer group, says…
Is there joined up thinking on Smart Grid?
The modernisation of the European power industry through smart grids could transform electricity supply and demand but there is still a long way to go. In the first of a two-part series, Rachel Morison looks behind the hype at what smart grid really means
Special report: Canada
Our special report this month takes an in-depth look at Canada's oil and gas markets.