Archive for the ‘Gas’ Category

MSCI launches family of low carbon indexes, first to address reserves.

September 16, 2014 Climate, Coal, Finance, Gas, Oil

Business Wire:  ”MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, announced today the launch of the MSCI Global Low Carbon Leaders Indexes, consisting of companies with significantly lower carbon exposure than the broad market.”
(more…)

“At least three oil and gas majors have ordered full strategic reviews.”

September 8, 2014 Finance, Gas, Oil

Nick Butler in the FT:  ”Energy executives returning from their summer holidays face some hard choices. I know of at least three major oil and gas companies that have ordered full scale strategic reviews.”
(more…)

Pro-fracking newspaper ad banned by UK Advertising Standards Authority.

September 3, 2014 Climate, Gas, Oil

Guardian: “The Advertising Standards Authority has ruled that a US energy company misled the public when it made unsubstantiated claims about the benefits of fracking and claimed a gas shortage put the UK close to catastrophe.”
(more…)

Nova Scotia bans fracking.

September 3, 2014 Gas, Oil
Herald Business: There will be no fracking in Nova Scotia. Energy Minister Andrew Younger announced Wednesday that the Liberal government plans to introduce legislation in the fall prohibiting hydraulic fracturing in shale oil and gas projects in the province.”
(more…)

Water shortages pose larger than expected threat to shale gas.

September 2, 2014 Gas, Oil

FT: “Water shortages pose a bigger threat to the global shale oil and gas industry than is widely realised, according to one of the most detailed studies to date of how much water is available at some of the world’s most promising shale sites.”
(more…)

“Fossil fuels are no match for the climate elephant.”

September 1, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil
Jeremy Leggett in Recharge magazine: “Evidence of imminent total-system change in energy markets has become clearer in recent months. Let me take five themes in turn: climate change, carbon bubble, shale “surprise”, oil shock and solar revolution.”
(more…)

Aramco CEO puts oil majors’ unsustainable capex in perspective.

August 29, 2014 Gas, Oil

Mark Lewis for Kepler Cheuvreux: (e-mail circular, no url): “Saudi Aramco’s CEO, Khalid A. Al-Falih, warned earlier this week about the huge amount of investment that will be required to bring on new oil supply over the next two decades (a full transcript of Mr. Al-Falih’s comments is available on the Saudi Aramco website here).”
(more…)

Divesting from fossil fuels: “last man out loses”.

August 29, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

REW.com: “A new report written by Nathaniel Bullard at Bloomberg New Energy Finance (BNEF) highlights the difficulties large institutional investors would have divesting from fossil fuels. What it does not specifically discuss is that these difficulties could lead to large financial losses for investors who see the difficulty of divesting as a reason to delay.”
(more…)

“This approach to climate change doesn’t involve Obama or the the Senate.”

August 28, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Bloomberg: “Forget the Senate, as President Obama is trying to do. Pull the plug on the annual United Nations climate negotiations. Maybe it’s time for investors to save the planet.”
(more…)

Shale oil and gas producers’ finances set for turnaround next year, they say.

August 27, 2014 Gas, Oil

FT: “The independent oil and gas companies at the forefront of the US shale revolution have substantially improved their financial position – boosting confidence that the rapid growth in production can continue.”
(more…)

“Saudi Aramco to invest $400bn to keep oil production steady.”

August 26, 2014 Gas, Oil, Top Ten Signposts to Energy Crisis

ArabianBusiness.com: “Saudi Aramco has announced plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production.”
(more…)

Bill Gates: “the poor can’t afford today’s expensive clean energy solutions.”

August 25, 2014 Clean Energy, Coal, Gas, Oil

Bill Gates blog: “Many developing countries are turning to coal and other low-cost fossil fuels to generate the electricity they need for powering homes, industry, and agriculture. Some people in rich countries are telling them to cut back on fossil fuels. I understand the concern: After all, human beings are causing our climate to change, and our use of fossil fuels is a huge reason.”
(more…)

Reasons for optimism about prospects for the Paris climate summit.

August 21, 2014 Clean Energy, Climate, Coal, Commentaries, Gas, Oil

BusinessGreen: “BusinessGreen Leaders Awards Champion of the Year, Jeremy Leggett, reveals why there are reasons to be optimistic in the run up to the Paris climate summit.”
(more…)

Oil industry on borrowed time as switch to solar and gas accelerates.

August 20, 2014 Clean Energy, Gas, Oil

Ambrose Evans-Pritchard in the Telegraph: “The props beneath the global oil industry are slowly decaying. The big traded energy companies resemble the telecom giants of the late 1990s, heavily leveraged to a business model already threatened by fast-moving technology. Citigroup warns – or cheerfully acclaims, depending on your point of view – that world energy markets are entering a period of “extreme flux”, with oil caught in triple encirclement by cheap natural gas, much more efficient vehicles and breathtaking advances in solar power as scientists crack the secrets.”
(more…)

UK energy dependence – five hidden costs expose truth about fracking.

August 18, 2014 Clean Energy, Climate, Commentaries, Gas, Oil

Jeremy Leggett in the Guardian: “The shale boom is a bubble waiting to burst as economics of extraction falter and the trickle of bad environmental news starts to swell.”
(more…)

UK anti-fracking group stages day of protests.

August 18, 2014 Gas, Oil

Guardian: “Anti-fracking protesters caused peaceful disruption at several locations on Monday, gluing themselves to the doors of a government department, occupying a building used by an energy firm and blockading access to a test drilling site.”
(more…)

Citigroup: solar industry to outperform fossil fuels in long term.

August 15, 2014 Clean Energy, Gas

Blue&GreenTomorrow: “Investment bank Citigroup predicts that the solar industry will continue to grow on a global scale and will become competitive with fossil fuels, because of “pure economics” and the need to diversify energy supply over the long term.”
(more…)

Oil majors gambling US$91bn on 20 high-risk projects.

August 15, 2014 Climate, Finance, Gas, Oil

CarbonTracker: “The world’s biggest publicly listed oil companies plan to develop the projects, which will put nearly $91 billion of investor cash at risk over the next decade.”
(more…)

Rosneft asks Moscow for $42bn as western sanctions bite.

August 14, 2014 Gas, Oil

FT: “Rosneft has asked the Russian government for as much as Rb1.5tn ($42bn) in support, in a clear sign of the growing cost of western sanctions against Moscow.”
(more…)

Support for UK fracking drops to 24%, DECC survey finds.

August 12, 2014 Gas, Oil

Telegraph: “Support for fracking in the UK has fallen, with less than a quarter of the public now in favour of extracting shale gas to meet the country’s energy needs, according to official government polling.”
(more…)