As oil flows east, race is wide open to price Asia’s imports

Aefe-

(REUTERS) China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade – a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia’s oil. [Read more...]

Deepwater well construction requires precision, thorough planning

ddrp-

(OFFSHORE) Deepwater well construction is all about planning and logistics. Typically, if these two challenges are not handled flawlessly, they can cause more issues than drilling and completion. [Read more...]

Tough fiscal terms seen as major threat to IOCs’ exploration activities

ddso-

(BUSINESS DAY) Tough government fiscal terms have been identified as the major challenge facing oil exploration by international oil companies (IOCs). This is against the background of the downturn in exploration activity in the oil and gas industry, especially in the deepwater, coupled with decreasing resource size and uncertain gas terms, according to industry operators. [Read more...]

Thailand Solar Energy: Government Subsidy Spurs Investment Frenzy

Tsps-

(INTERNATIONAL BUSINESS TIMES) Thai energy companies will invest up to $2 billion in the solar energy industry over the next five years, as the government incentivizes solar projects to provide power for Southeast Asia’s second-largest economy. [Read more...]

New lab at Clemson University advances study of electric power grid technology

epgl-

(CLEMSON UNIVERSITY) With the opening of the Real-Time Power and Intelligent Systems Laboratory, Clemson University will be in a position to better prepare the electrical power industry workforce of the future. [Read more...]

U.S. Dept. of Energy to Fund 18 Research Projects to Drive Down Costs of Carbon Capture

pscc-

(POWER) Eighteen carbon capture projects across the U.S. have been chosen to receive $84 million in federal funding to help improve the efficiency and drive down costs of carbon capture processes for new and existing coal power plants. [Read more...]

Texas A&M to lead new offshore safety institute for oil & gas industry

osif-
(UPSTREAM) US regulators have chosen Texas A&M as a partner in a five-year project to promote dialogue and partnerships across industry on offshore safety matters. [Read more...]

Indonesia plans to build new 300,000bpd refinery

Iora-

(ENERGY BUSINESS REVIEW) Indonesia is planning to build a new state-owned refinery to reduce its dependence on imported fuels. [Read more...]

New natural gas royalty structure announced for New Brunswick province in Canada

NBng-

(SACKVILLE TRIBUNE-POST) The provincial government has developed a new royalty structure that will significantly increase the royalties received for natural gas in the long-term without discouraging development. [Read more...]

Future Challenges for Electricity Security – see the presentations from IEA conference

eswp-

International Energy Agency

Electricity Security Action Plan Workshop:  “Future Challenges for Electricity Security [Read more...]