Spot News

Denbury to buy Encore Acquisitions in $4.5bn deal
US independents pressured to consolidate (FT)

EU proposes €50bn climate change deal
Stops short of specifying how much it will contribute (FT)

Woodside offloads stake in Otway gas project to Origin
Oil producer to focus on western Australian coast (FT)

RWE says not in talks with Iran on Nabucco gas pipeline
Tehran holding ‘unofficial’ talks with several European firms (Reuters)

Thailand’s PTTEP ‘under pressure’ as fire burns at Timor sea rig
Estimates well leaking 300-400 barrels of oil a day (Bloomberg)

Trouble flares in Niger delta
Slow progress in curbing burn-off (FT)

Lex: Spot the difference

Editorial comment: Follow the science on climate change