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Total head against environment risk of Arctic oil: FT report
by Staff Writers
Paris (AFP) Sept 26, 2012


Oil companies should not drill for oil in Arctic waters, the head of French oil group Total, Christophe de Margerie, told the Financial Times in an interview published on its website on Wednesday.

De Margerie said: "A leak would do too much damage to the image of the company" and that "oil on Greenland would be a disaster."

The newspaper noted that Total has several interests in gas exploration in the Arctic particularly in Russia, beneath the Barents Sea, and that De Marjorie held that energy companies could cope more easily with any gas leak than with a leak of oil.

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ENERGY TECH
Pricing pressures for Australian LNG
Canberra, Australia (UPI) Sep 24, 2012
Australia's liquefied natural gas sector is facing increasing pressure amid Japanese Industry Minister Yukio Edano's call last week for a change to the oil-linked pricing system for natural gas. Edano's remarks at an LNG conference come as four LNG projects in Australia, worth $104.3 billion, await final decisions. Kwon Young-sik, who heads LNG procurement for South Korea's Kogas ... read more


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