Last updateFri, 18 Jan 2019 3pm


China Signs Deal for Gas in Trade Talk with Putin

China and Russia announced $3.5 billion worth of trade agreements on Tuesday and reaffirmed their commitment to a huge natural gas deal that would give the Chinese an important new Russian source of supply, once the final details on pricing are negotiated.


The agreements, signed by Prime Ministers Vladimir V. Putin and Wen Jiabao, came on the second day of Mr. Putin’s trip to China, which both countries have portrayed as a reflection of their increasingly close collaboration.


Source: New York Times


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Energy Secretary Aims for Carbon Capture in a Decade

The US wants to have technology for coal-fired power stations to capture and store their carbon dioxide emissions ready for commercial deployment within a decade, said Steven Chu, the energy secretary.


If the US can keep to Mr Chu’s ambitious timetable, its technology would be ready for deployment sooner than in the European Union, which has until now been more aggressive in pursuing carbon capture.


Source: Financial Times


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Solar Power Outshining Colorado’s Gas Industry

As La Plata County in southwestern Colorado looks to shift to cleaner sources of energy, solar is becoming the power source of choice even though it still produces only a small fraction of the region’s electricity. It’s being nudged along by tax credits and rebates, a growing concern about the gases heating up the planet, and the region’s plentiful sunshine.


Source: Daily Global


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Half of Shell's Production Will Be Gas by 2012, CEO Says

Oil and natural gas are indispensable in a growing world energy market, and Royal Dutch Shell PLC plans to make gas roughly half of its total production by 2012, its chief executive officer said on Oct. 8.


“This is not merely a shift in our portfolio. Increasing natural gas production and transportation by liquefying it and shipping the LNG to global markets means that more natural gas will be available to displace coal as the fuel for power plants,” Peter Voser said in an address at the Woodrow Wilson International Center for Scholars.


Source: Oil & Gas Journal


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Refining a Region: BP 'on Track' With $3.8 Billion Project

The road has been rocky since engineering and construction work began in May 2008 on BP Whiting Refinery's $3.8 billion modernization project -- touted as the largest single private investment in state history. There have been economic and fuel-price collapses; environmentalists and municipal officials challenged the project's impact on the region's air quality; and U.S. Immigration and Customs Enforcement agents led a December raid leading to contract workers being arrested.


Source: The Times


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