LONDON, Jan 30 (Reuters) – Cutting the cost of everything
from salaries and steel pipes to seismic surveys and drilling
equipment is the central challenge for the oil and gas industry
over the next five years.
The tremendous increase in exploration and production
activity around the world over the last ten years has strained
the global supply chain and been accompanied by a predictable
increase in operating and capital costs.
LONDON, Jan 28 (Reuters) – North America’s energy revolution
is remaking all aspects of the global economy and international
relations in what has turned out to be the most profound shift
in the second decade of the 21st century.
Policymakers and climate scientists prefer to talk about the
transformational potential of clean technologies like wind,
solar and electric vehicles.
LONDON, Jan 27 (Reuters) – In the event of a mass-casualty
accident involving the derailment of a crude-carrying train in a
densely populated urban area, who would be responsible for the
compensation for deaths, injuries, damage to property and
environmental clean up?
The short answer is the railroad operator. By law, the
operator of any railroad in the United States or Canada cannot
refuse to transport any cargo, no matter how hazardous, provided
it conforms to applicable regulations.
LONDON, Jan 24 (Reuters) – Accident investigators have told
regulators in the United States and Canada that safety
regulations have failed to keep pace with the risks of moving
large volumes of crude oil by train.
The U.S. National Transportation Safety Board (NTSB) and
Canada’s Transportation Safety Board (TSB) wrote on Thursday to
the Pipeline and Hazardous Materials Safety Administration
(PHMSA), the Federal Railroad Administration (FRA) and Transport
LONDON, Jan 23 (Reuters) – Rapidly growing populations and
rising incomes will drive an enormous rise in car use and
greenhouse gas emissions across Latin America, Africa, the
Middle East and Asia by 2050.
But deliberate policy choices about urban planning, road
building and the provision of public transport will determine
whether the increase is manageable or becomes a nightmare for
congestion and climate change.
LONDON, Jan 21 (Reuters) – Nuclear power is the energy dream
that refuses to die, despite serious accidents at Windscale
(1957), Three Mile Island (1979), Chernobyl (1986) and Fukushima
Many of the arguments that were employed in favour of
nuclear in the 1950s and 1960s as a solution to oil supplies
running out are now being resurrected in favour of nuclear as a
solution to climate change.
LONDON, Jan 20 (Reuters) – Car use appears to have levelled
off and even started falling in many of the world’s advanced
economies long before the global downturn in 2008, according to
The slowdown brings to an end several decades in which car
use grew roughly twice as fast as real GDP and incomes.
LONDON, Jan 17 (Reuters) – If America’s long love affair
with the motor car is not exactly over, it has certainly become
less intense in the past decade.
Statistics compiled by the Federal Highway Administration
(FHWA) reveal a remarkable turning point: for the first time
since the introduction of the internal combustion engine,
vehicle use is rising more slowly than the U.S. population.
LONDON, Jan 14 (Reuters) – The Philadelphia-registered
schooner “Amity” was seized off the island of St Kitts on May 2,
1785 and accused of contravening the British navigation laws,
which required trade with Britain’s Caribbean possessions to be
carried in British-owned and crewed ships.
The captain who seized her was Horatio Nelson, the young
commander of the Royal Navy frigate “Boreas”. It was the first
in a string of seizures of American vessels by Nelson that
antagonised local merchants.
LONDON, Jan 13 (Reuters) – It is a great time to be an oil
refiner, at least if you are located in the central United
States and have access to light oil from North Dakota’s Bakken
formation and similar crudes trapped in the region by transport
bottlenecks and the export ban.
While refiners in Western Europe struggle with overcapacity
in the global refining system and face pressure to close some of
their facilities, their rivals in the United States are
benefiting handsomely from locational advantages and outdated