On Energy Source:
Nissan’s battery plant to create real green jobs
Chinese oil deal in Angola shows how asset prices have cooled off
Kurdistan’s oil still lures investors
Slow and steady, the Exxon way
An exercise in futility: Looking for gas in Saudi Arabia’s Empty Quarter (The National)
The US LNG import surge may have been overstated (chron.com)
Oil analysts bearish on current prices, but say $147 a barrel is likely to return (The Barrel/Platts)
POET’s head of science on making cellulosic ethanol from corn cobs viable (R-Squared)
About that £50m earmarked for UK marine power development… (Guardian)
Energy storage + smart grid = cheap, cool (SeekingAlpha)
Why royaldutchshellplc.com do what they do (The Times)
North Dakota Democrat Senator won’t support cap-and-trade bill, citing speculator bubble fears (Platts)
Surprise, surprise: wealthier households produce more carbon emissions (The Telegraph)
There is still risk of falling in to political quicksand but Iraqi Kurdistan continues to draw oil explorers eager to own a piece of the next big thing. For Gulf Keystone, that means exiting Algeria in favour of Kurdistan, if it can find a buyer for its Algerian joint venture interest before the joint venture falls apart.
The decision by Nissan to site its European centre for battery production at Sunderland in the north-east of England is a very important move: a sign that behind all the hype and all the gloom, the industry really is changing.
The UK plant is expected to mean an investment of £200m, and create 350 direct jobs, which are not enormous numbers, but the announcement is nevertheless highly significant. The announcement is good news for the UK economy, and for the development of electric vehicles in Europe.
Sinopec and CNOOC of China have agreed to pay $1.3bn for Marathon Oil’s 20 per cent stake in Angola’s offshore oil block 32, in the latest move by well-financed Chinese companies to secure resource assets at a time when prices are depressed by the global recession.
The big Chinese oil groups have been on a spate of acquisition activity in recent months, including Sinopec’s $8.8bn (including debt) agreed bid to buy Addax Petroleum, and M&A advisers say more deals are in the works.
The really interesting thing about the deal is the price, for an stake that was being speculated about a year ago as being worth up to $2bn.
India rebuffs US carbon demands
Clinton says plans would not hit growth (FT)
Chinese companies in Angola oil deal
CNOOC and Sinopec to buy 20 per cent stake in oil field for $1.3bn (FT)
How to end America’s deadly coal addiction
US switch to natural gas would help environment and economy (FT)
GdF Suez eyes Brazil nuclear market
French group sees country as attractive (FT)
India steps into Ambani brothers’ dispute
Court recommends quashing private family pact over gas (FT)
Exelon faces vote in bid for NRG
Vote for energy company’s board will dictate direction of takeover bid (FT)
Utilities grapple with prices and costs
UK utilities companies update shareholders this week (FT)
Chevron expects to fight Ecuador lawsuit in US
Oil company reassures shareholders in environmental lawsuit (WSJ)
ONGC hires Citi in bid for Kosmos Ghana stake
Indian oil producer seeks stake in oil field offshore Ghana (Reuters)