Daily Archives: March 24, 2009

Ed Crooks

On Energy Source today:

A possible bid for Santos of Australia Read more

Carola Hoyos

A curious patttern emerged in the briefings and interviews Opec ministers gave after their meeting last week. Many of the ministers talked of the fact that it was now the turn of the ‘advanced countries’ to do their bit to improve the world economy and the oil price. The ministers and Opec officials spoke as if from a script, using very similar vocabulary.

What was initially mildly amusing has taken a new level of meaning following Washington’s stimulus package. That did just what Opec had called for, just as Opec did what Washington wanted and stuck to its previously agreed production levels. Read more

Ed Crooks

Rumours have been doing the rounds in Australia today that Santos, the gas and oil company based in Adelaide, is about to be bid for, possibly by BP, Shell or Eni. We don’t know how how reliable those reports are, but they are certainly plausible. Santos makes a tempting target. Read more

It looks like the long-awaited roll-out of smart meters in the UK has been put back yet again. An announcement from the Department of Environment and Climate Change (DECC) had been expected last year, and then again at the start of this year. Now energy industry and government sources are saying that an announcement could come in April.

The UK’s difficulties are a lesson to other countries seeking to press ahead with smart meter and smart grid technologies. Read more

James Fontanella-Khan

Energy news from elsewhere:

- Crude oil trades near highest in four months as stocks gain (Bloomberg)

- EPA raises heat on emissions debate (WSJ)

- Centerra Gold looking for JV partner in China (Reuters)

- Russia recalibrates after commodities downturn (NYTRead more

James Fontanella-Khan

Energy news from the FT:

- Suncor buys rival Petro-Canada for C$19.6bn
Deal will create North America’s fifth biggest oil and gas producer

- Lex: Suncor and Petro-Canada
Deal driven by low crude prices and dicey oil sands profits

- Australia extends review of Oz Minerals deal
Move comes as a blow to hopes for a quick deal

- Coal prices cut by up to 60%
Companies to pay less from April 1 Read more