Carbon Tracker recently collaborated with global credit-ratings agency Standard & Poors to publish ‘What a carbon-constrained future could mean for oil companies’ creditworthiness’. (more…)
Archive for the ‘Oil’ Category
Maria van der Hoeven in the FT: Thanks to fracking, “US crude oil production has increased by 1.3m barrels per day in the past two years, and the US Energy Information Administration forecasts that the US will produce a further 1.4m b/d by the end of 2014.” Fracked oil trades at a discount to international benchmarks, but there is a problem. (more…)
My presentation to Enova 2013 in Trondheim, posted on You-Tube, professionally edited, on the same day as the impressively organised conference. The part in English starts 1 minute in.
Guardian: “Bob Dudley’s remarks came as the company published a study predicting oil production will increase substantially, and that unconventional and high-carbon oil will make up all of the increase in global oil supply to the end of this decade, with the explosive growth of shale oil in the US behind much of the growth.” (more…)
FT: “The production cut of November and December, which has lowered the country’s crude oil output to 9m barrels a day, down from 9.7m b/d in October, appears to respond to lower seasonal demand – yes, oil consumption no longer explodes during the northern hemisphere winter, but rather over the spring and summer.” (more…)
A young film maker wanted to make a film on the democratisation of energy, and we decided to help him at Solarcentury. This film is what he came up with.
FT: Shell’s programme is riven with uncertainty in the aftermath of the grounding of its rig. Others are not drilling at all. Canada’s federal regulator, the National Energy Board, is requiring a Same Season Relief Well capability (the technique that finally stopped Macondo). The drilling season in the Beaufort Sea is as little as 100 days, and some wells require three summers. SSRW capability seems is proving a little difficult to prove.