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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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Longer term embedded options include the Wildling (US), Trion (Mexico), Calypso (Trinidad and Tobago) and Browse (Australia) projects. BHP says that Jansen Stage 1 will be low cost and expects it to be one of the world’s most sustainable potash mines, designed for a low carbon footprint and low water intensity. Earlier post.).

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BP takes delivery of 6 new LNG tankers

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BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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The assessment of the carbon intensity of LNG was carried out on a full life cycle basis. The report analyzes several LNG pathways, including LNG from Algeria, Australia, Qatar, Indonesia, Malaysia, Nigeria, Norway, Trinidad & Tobago and the USA. Source: thinkstep.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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May, 2007 : An international team of researchers concluded that the ability of the Southern Ocean to absorb carbon dioxide had slowed by about 15% per decade since 1981 ( earlier post ), and projected that at the present rate of deterioration, it will have lost two-thirds of its ability to store carbon by 2050.

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