Archive for the ‘Gas’ Category

Rising Marcellus shale output disrupts US gas prices.

September 29, 2014 Gas, Oil

FT: “….The new direction for the Rockies Express shows how pipeline companies are scrambling to keep up with breakthroughs in shale gas drilling. Unlike shale oil, which is booming in North Dakota and Texas, the strongest shale gas growth is in northeastern states.”
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US soon to be no. 1 liquid petroleum producer (but still 3rd in crude).

September 29, 2014 Gas, Oil

FT: “The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.”
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Latest US shale failure wipes out almost all Sumitomo’s earnings.

September 29, 2014 Gas, Oil

FT: “Sumitomo of Japan has drawn a line under its disastrous two-year foray into shale oil in the US, with writedowns connected to the project almost completely erasing its full-year earnings.”
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British firm Ineos accused of ‘bribes and bulldozers’ approach to fracking.

September 29, 2014 Gas, Oil

Guardian: “One of Britain’s biggest industrial firms has been accused of taking a “bribes and bulldozers” approach to fracking after unveiling a multi-billion pound plan to compensate landowners and local communities affected by its plans to use the controversial drilling technique.”
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Fracking trespass law changes move forward despite huge public opposition.

September 26, 2014 Gas, Oil

Guardian: “Fracking will take place below Britons’ homes without their permission after ministers rejected 40,000 objections to controversial changes to trespass laws.
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Big oil groups blame climate change on coal at UN summit.

September 26, 2014 Climate, Gas, Oil

FT: “….Khalid A Al-Falih, chief executive of the world’s biggest oil producer, Saudi Aramco, a goliath in a fossil fuel industry that many summit speakers said would eventually need to be wiped out. ….Saudi Aramco, said Mr Al-Falih, was “committed to being a part of the climate solution the world needs”, and he was not alone.”
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Times “Fracking ‘greener than solar panels’” story refuted by author quoted.

September 24, 2014 Clean Energy, Gas

Guardian: “Researchers at Manchester University have found that fracking causes less toxicity to humans and marine ecosystems and uses less resources than solar panels and wind turbines.”
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“Clean growth is a safe bet in the climate casino.”

September 23, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Martin Wolf in the FT: “The debate on action over climate change is stuck. Despite copious words and many international conferences, including a UN summit in New York this week, emissions of greenhouse gases continue their upward march. Could this change?”
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Shale gas part of climate solution UK PM says, not renewables targets.

September 23, 2014 Climate, Gas

Telegraph: “Shale gas can be part of the solution to tackling climate change and must not be restricted by “green tape”, David Cameron is expected to say on Tuesday at a UN summit on tackling global warming.”
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“Heat rises for fossil fuel industry as climate talks gather pace”: FT.

September 22, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

FT: “This is not a comforting week to be an investor in a big oil or coal company. It began with rallies in capital cities around the world, where tens of thousands of people marched to demand more action to fight climate change. It continues with a UN summit in New York on Tuesday, where Barack Obama, the US president, is to join more than 120 national leaders to set out what sort of climate action they plan to take.”
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Organisations controlling £30bn are divesting from fossil fuels.

September 22, 2014 Climate, Coal, Finance, Gas, Oil

Jamie Arbib in the Guardian: “Today marks an important milestone in the emergence of a growing and increasingly significant movement to withdraw investments from fossil fuels and reinvest them into clean energy. Ahead of the UN Climate Summit, it has been announced that organisations and individuals controlling investments of more than £30bn have committed to divesting their dirty energy investments, seven of which – controlling £250m of assets – are from the UK.”
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“Rockefellers, heirs to an oil fortune, will divest charity of fossil fuels.”

September 21, 2014 Climate, Coal, Finance, Gas, Oil

NYT: “The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.”
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Climate warning to world leaders: stick to 2C limit or face ‘mayhem’.

September 20, 2014 Clean Energy, Climate, Coal, Gas, Oil

Observer: “World leaders must commit themselves to holding current rises in global temperatures to 2C. That is the stark message of experts and campaigners in the runup to the United Nations climate summit that will be held in New York later this week.”
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Exxon winds down Russian Arctic drilling campaign as sanctions bite.

September 19, 2014 Gas, Oil

FT: “Exxonmobil, the US oil company, is winding down its drilling campaign in the Russian Arctic, making it the biggest corporate casualty of sanctions announced by the US and EU this month, by putting its $700m project on indefinite hold.”
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“US solar and wind start to outshine gas”: FT.

September 18, 2014 Clean Energy, Gas

FT: “Large wind farms and solar plants are now cost-competitive with gas-fired power in many parts of the US even without subsidy, according to Lazard, raising the prospect of a fundamental shift in the country’s energy market.”
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Study finds gas could be worse than coal in climate-policy role.

September 18, 2014 Change for Good, Climate, Coal, Gas

Energy Innovation’s latest study compares the climate impacts associated with electricity generated from natural gas versus coal. The research calculates life-cycle emissions from natural gas and coal, taking into account methane leakage rates, time periods over which the impact is measured, and the quality of gas turbines (and coal plants) being used (and replaced).”
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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.”
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New Climate Economy report says fighting climate change can be low cost.

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

Guardian: “Barak Obama has welcomed a report finding that reducing greenhouse gas emissions can be achieved at a low cost and with added benefits in the form of a better quality of life for people around the world.”
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Groundwater contamination: leaks from faulty fracked wells to blame.

September 15, 2014 Gas, Oil

Science Daily: “A study has pinpointed the likely source of most natural gas contamination in drinking-water wells associated with hydraulic fracturing, and it’s not the source many people may have feared.”
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ExxonMobil underestimates climate risks: Carbon Tracker.

September 11, 2014 Climate, Finance, Gas, Oil

Carbon Tracker press release: “In March 2014 ExxonMobil published a document entitled, “Energy and Carbon – Managing the Risks” in response to a shareholder proposal by Arjuna Capital and As You Sow.” (more…)