Daily Archives: March 5, 2009

Ed Crooks

Come back here for regular updates…

You can find the webcast here. And look at the slides hereRead more

Ed Crooks

Sheila McNulty in New York writes:

As the US independents lay off staff and scale back development plans, ExxonMobil is continuing to invest at record levels. At this morning’s annual meeting with analysts, Rex Tillerson, Exxon’s chief
executive, said the company would continue with plans to invest between $25bn and $30bn annually over the next five years, despite the economic downturn. Read more

Ed Crooks

Venezuela puts the squeeze on its suppliers as $45 oil bites

Crude holds gains after its boost from US data on inventories and demand. China’s stimulus also helps Read more

James Fontanella-Khan

Energy news from elsewhere:

- Crude oil trades near $45 as China to boost commodity imports (Bloomberg)

- Fire breaks out at quake-hit Japanese nuclear plant (Reuters)

- Denis Morozov back in running to lead TNK-BP (Times)

- EU carbon rises to highest since January after coal dropped (Bloomberg)

- Airlines that break emission rules could have planes seized (GuardianRead more

James Fontanella-Khan

Energy news from the FT:

- BP promises to ‘refresh’ board
Peter Sutherland confirmed his exit

- Suez ditches its profit targets
Chief said the priority was to preserve cashflow

- Armed agents raid Ukraine gas group
Tension between president and premier grows

- Fiscal sun shines on renewables groups
Green stimulus generates new hope for alternative energy Read more