CERAWeek: What the rest of the media is saying

A few items that other media outlets are getting out of CERAWeek:
New Qatargas LNG delays not a big problem – exec
Wed Feb 13 20:14:39 UTC 2008
HOUSTON, Feb 13 (Reuters) – Start-up of a Qatari liquefied natural gas train that will supply Britain has been pushed back from June to the third quarter of 2008, an executive with the national gas company said on Wednesday.
Start-up of another train, or production line, that will supply North America and Europe has slipped from the end of 2008 to first-quarter 2009, according to Ahmed al-Khulaifi, commercial and shipping chief for Qatar Liquefied Gas Co Ltd.
While stating the new schedules, al-Khulaifi said neither target should be characterized as a delay and neither is a big problem. Previous statements by Qatari officials listed earlier startup schedules.
“It is part of the plan,” al-Khulaifi said of the new schedule for Train 4 for shipments to Britain and Train 5 for shipments to Europe and North America. He was speaking on the sidelines of the Cambridge Energy Research Associates 2008 industry conference.
Panning for black gold, a global challenge
Exxon, Conoco, Hess and Saudi Aramco address the difficulties they face in satisfying the world’s growing thirst for oil.
By Steve Hargreaves, CNNMoney.com staff writer
February 13 2008: 3:07 PM EST
HOUSTON (CNNMoney.com) — The oil is out there. The hard part is getting it to consumers.
Oil industry executives and experts are gathering here this week for the Cambridge Energy Research Associates’ annual conference, one of the sector’s most impressive showings of energy industry clout outside of an OPEC meeting.
The backdrop: Tight supplies and rising demand for crude. As a result, executives said, the industry faces serious challenges getting oil to market.
The consensus among participants at the conference is that the world has enough oil to meet growing demand, but that the industry must focus more attention on harvesting the oil.
Conoco content with current oil sands position
HOUSTON, Feb 13 (Reuters) – The head of ConocoPhillips (COP.N: Quote, Profile, Research) in Canada said on Wednesday the company is content with its oil sands position and has no current plans for expansion.
“We have a substantial resource position, and at this time, we’re focused on developing that resource position,” Kevin Meyers, president of ConocoPhillips Canada, told reporters after a CERA conference breakfast meeting.
ConocoPhillips is operator of Surmont, an oil sands deposit within the Athabasca region of northern Alberta.
Shell cites higher commodity prices in Alaska bidHOUSTON, Feb 13 (Reuters) – A top Royal Dutch Shell (RDSa.L: Quote, Profile, Research) executive said higher commodity prices and new technology were behind the company’s huge bid to explore in the Chukchi Sea off Alaska’s northwestern coast.
“Commodity prices are in a much different place than they were when we were there many, many years ago, and more importantly, technology (has developed),” said Linda Cook, executive director for gas and power at Shell. “We can now have more confidence about our ability to explore and develop and operate in what will be difficult conditions,” she said.
Cap on greenhouse gas emissions may cost consumers
10:57 AM CST on Wednesday, February 13, 2008
By ELIZABETH SOUDER / The Dallas Morning News
esouder@dallasnews.com
HOUSTON – Congress will probably pass legislation to limit greenhouse gas emissions to generate cash for lawmakers to hand out to their favorite causes, according to one expert speaking at an energy conference on Wednesday.
Larry Nettles, a lawyer with Vinson & Elkins, said in a presentation at the Cambridge Energy Research Associates conference that congress will probably place a cap on greenhouse gas emissions, but companies may buy allowances for excess emissions. Such a scheme could generate more than $15 billion in the first year of operation, he said.

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