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          Petroleum Economist December 2009 Issue

          Leader

          The EU's climate-change gambit

          The EU has proposed that rich countries put money towards a fund that will give developing countries €50bn a year by 2020 to help fight climate change. But is it enough?

          Analysis

          Climate change

          Investors look for Copenhagen climate agreement to set realistic targets

          The private sector will shoulder much of the responsibility for implementing measures agreed at the UN climate change meeting in Copenhagen. NJ Watson reports

          China

          Cleaning up China's energy supply

          China's energy economy represents more than just a vast opportunity for the resource industries. The country's need for fuel is set to become one of the biggest geo-strategic issues of our times, writes Conal Walsh

          BP takes backdoor approach to Chinese energy-market entry

          Despite China's rapid economic growth – and despite its hunger for energy resources – international oil companies have made relatively little headway in the country's markets, writes Conal Walsh

          China secures first-mover advantage in the market for renewable energy

          China wants to become a world leader in renewable energy technologies and is already staking its claim, writes Conal Walsh

          Middle East

          China nurtures Mideast oil relations

          Chinese national oil companies are developing upstream and downstream relationships across the Middle East, as the country endeavours to secure steady oil supplies, writes Digby Lidstone

          Saudi Aramco looks east for new downstream oil opportunities

          Saudi Arabia has positioned itself as the crude supplier of choice for Asia-Pacific and is quietly cornering the region's refining market as well, writes Digby Lidstone

          Saudis ditch WTI for Argus oil-price index

          Saudi Aramco will use sweet US benchmark WTI for the last time this month to value Saudi crude sales

          Iraqi oil awards signal brighter upstream future

          After the award of three large upstream contracts, Iraq's prospects as an oil producer are looking much brighter, writes Tom Nicholls

          Contract areas under Iraq's second oil licensing round

          Iraq prepares for January election

          Iraq's national election, which will probably take place on 23 January, is critical for a number of reasons, writes James Gavin

          Exploration

          Europe awaits a shale-gas revolution

          Unconventional gas discoveries have transformed the North American gas sector. Could the same happen in Europe? Derek Brower reports

          West Africa's new oil province

          Fresh ideas on west Africa's geology could open up a new oil province stretching across four countries, Martin Quinlan writes

          Ghana drives a hard deal on Jubilee oil interest

          Kosmos' sale of its interest in the Jubilee oil field has pitted Ghana's GNPC against the world's largest oil companies, Martin Quinlan writes

          US Gulf of Mexico yields deep-water oil rewards for risk-averse explorers

          A string of large and medium-sized oil discoveries in the GOM's deep waters are attracting risk-averse explorers to this technically difficult region, writes Anne Feltus

          Oilfield services

          Oilfield services sector optimistic of an upturn

          Margins in the oilfield services sector remain tight. But global exploration successes and a more stable oil price are grounds for optimism that the market is in recovery, writes Ian Lewis

          The lure of the one-stop oil-exploration services shop

          Consolidation in the oilfield services sector is seeing a new breed of organisation developing – the one-stop-shop for all an exploration company's upstream needs, writes Ian Lewis

          Next-generation drillships launched

          Drillship design is evolving fast, with the latest generation of vessels smaller, more energy efficient and able to operate in ultra-deep waters, writes Ian Lewis

          World Energy Outlook

          Oil and gas investment crucial – IEA

          Progress at the Copenhagen climate-change conference to boost the use of renewables is essential, and so is increased investment in fossil fuels, says the IEA. Ian Lewis reports

          The Report Card

          O'Reilly a hard act to follow at Chevron

          Third-quarter profits may be down, but Chevron still exceeded market expectations. David O'Reilly will exit the US major with production ramping up worldwide, writes NJ Watson

          Focus

          Energy supply

          Peak oil debate resurfaces

          Corporate

          Third-quarter oil and gas profits plummet, but it's not all bad news

          Oil and gas sector M&A activity to pick up next year

          E&P spending to remain constrained in 2010

          Environment

          UK: Too little, too late for CCS

          Energy policy

          US energy policy "detached from reality", says Chevron

          Exploration and production

          Canada: Oil sands down but not out

          Angola: Deep-water gambles pay off for Eni and Total

          Power

          UK: Ten new nuclear power stations

          Bulgaria: RWE pulls out of nuclear project

          Oil markets

          Oil stocks held in floating storage soar

          Transparency

          Nigerian transparency initiative fizzles out

          The Back Page

          What do young people think of the energy industry?

          What do students and young professionals think about the energy industry's sustainability, leadership and image? Tom Nicholls reports

          News in brief

          Western Europe

          Eastern Europe and CIS

          Africa

          North America

          Latin America

          Middle East

          Asia and Australasia

          Wordl oil and gas licensing rounds map

          Markets

          Oil prices remain strong, despite worrying fundamentals

          World oil and gas production

          Global oil supply on the rise


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