Although it's difficult to assess precisely how much crude and distillate fuel are now held in floating storage around the globe, the associated risk is increasing significantly, said Olivier Jakob at Petromatrix, Zug, Switzerland.
The petroleum industry's long history of successful carbon dioxide enhanced oil recovery (EOR) operations can make substantial contributions to improve and accelerate the deployment of carbon capture and storage projects.
Technology is moving ahead more quickly than legislation to address global climate change, three federal lawmakers agreed on Dec. 1. Congress won't be able to get back to work on the issue until 2010, they added.
As the United Nations Climate Change Conference Dec. 7-18 in Copenhagen prepares to consider general strategies, a Shell International Exploration & Production official continues to ask practical questions about a specific climate strategy: carbon capture and storage.
Mexico's state-owned Petroleos Mexicanos and the Secretaria de Energia (Sener) are preparing risk contracts that will be offered to oil companies—international and domestic—in order to accelerate the search for oil and gas, according to local media.
The Black Sea energy landscape is going to change dramatically over the next 5-10 years, as the region's nations pursue aspirations not only to become transport hubs for oil and natural gas supplies moving into Europe but also to boost their own hydrocarbon output.