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A temporary reprieve
Libya
Gas – and Gazprom
With its vast untapped gas reserves and proximity to European markets, the new investment-welcoming Libya is top destination for Europe's big gas companies. Hence the chill in the air after Gazprom went public with its plans for the country, Martin Quinlan writes
United States
The energy election
John McCain and Barack Obama both want the US to buy less foreign oil. Will the Republicans' wish to open the country's offshore to drillers make a difference? Derek Brower reports
Rush for tight gas renews production growth
A stagnant decade for US gas production appears to be over – thanks largely to booming development of unconventional resources. Alex Forbes assesses the implications for LNG imports
Hurricanes halt GOM operations
Deep water
US GOM: Rig market stalls development
Despite a rush to build new vessels, a lack of ultra-deep-water drilling units will hinder GOM development for at least four years, writes Anne Feltus
Gabon plumbs the depths
The country may hold significant sub-salt hydrocarbon reserves, but interest in Gabon's deep water is thin, writes Ian Lewis
Brazil: Increased state control could deter investment
PETROBRAS made a second discovery in the Santos basin's BM-S-11 block, offshore Rio de Janeiro, in September, writes Robert Cauclanis. The Iara field, the operator claims, holds 3bn-4bn barrels of recoverable reserves, of mostly light oil. The block's other discovery is the 5bn-8bn barrels of oil equivalent (boe) Tupi discovery.
Central Asia
Georgia on Europe's mind
Russia's invasion of Georgia highlights the vulnerability of energy flows through the Caucasus – and Europe's inability to diversify its energy sources away from Russia, writes Tom Nicholls
Kashagan faces uncertain future
The Kashagan partners are expected to agree terms for the field's development this month, but the project still faces an uncertain future, writes NJ Watson
Carbon capture and storage
Show us the money
CCS is being held up as a way of cutting global CO2 emissions without radically changing the way big economies are powered. But serious doubts remain about how quickly it can be mobilised, writes Ian Lewis
Australia
Woodside urges carbon caution
Plans to introduce a cap-and-trade scheme for CO2 emissions is facing opposition from energy companies, writes Ian Lewis
The Report Card
Petro-Canada's operational struggles
Cost inflation in the oil sands and a mixed performance elsewhere are disappointing Petro-Canada's investors. Derek Brower reports
Finance
Speculators in the frame as Wall Street shudders
Exploration and production
Iraq: Two steps forward, one step back
Canada: New-found impetus for Newfoundland
Angola: Status quo suits oil firms
Energy efficiency
Energy productivity could halt energy demand growth to 2020, says McKinsey
Corporate
TNK-BP: peace – for now
Global energy fights windfall tax pressure
Alternative energy
EU parliament calls for shift away from food-crop biofuels
Natural gas
Sasol cuts stake in Escravos GTL as costs rise to $6bn
Italy: First offshore terminal soon to flow
High prices to continue amid rising demand and poor investment, IEA says
An alternative index
The predicted, inevitable rise of alternative energy sources has brought a new indexing service to the market to guide investors, writes NJ Watson
News in brief
Financial crisis brings volatility
Global supply takes a hit
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