I wrote below about whether the industry would get what it wanted from Chris Huhne, the energy secretary, in his speech to the Liberal Democrats today. Now his brief but initiative-packed speech is over, did they get what they wanted? Read more
Shares in Cairn Energy are up 2.95 per cent to 439.40p this afternoon in London after the Edinburgh-based oil and gas explorer said it had found oil off the shores of Greenland. The company, led by founder Sir Bill Gammell, has been drilling there since early summer. Read more
Chris Huhne, the UK energy secretary, stands up to speak to the Liberal Democrat party conference this afternoon. But his audience stretches far beyond a convention centre in Liverpool. The energy industry will be watching, and here is what they want to hear. Read more
Opec said earlier this month that it was “comfortable” with crude oil prices at between $70 and $80 per barrel.
Well, if the latest analysis from the Centre for Global Energy Studies is to be believed, its members will remain “comfortable” for a while longer. Read more
At last — some de-equitisation.
From RNS on Tuesday:
The Board of Wellstream has noted the movement in its share price and confirms that it has received a number of preliminary approaches regarding a possible offer for the Company.
There can be no certainty that an acceptable offer will ultimately be made. A further announcement will be made in due course. Read more
- Petrobras debt costs rise over worries stock sale will not suffice – Bloomberg
- RBS comes closer to offloading energy trading unit – The Times (£)
- China’s crude regime pushes Haike into the red – FT
- Taxpayer-funded windpower manufacturer awaits rescue – The Times (£)
- White House adviser tries to rebrand ‘global warming’ – NY Times Green Blog
- US renewables target not dead yet – Mother Jones
- New Zealand expands energy arm – Argus
- How solar power changed a German mining town – FT
- Survey suggests US crude at five-week low – Bloomberg
- Charles Maxwell forecasts peak oil in seven years – Oil Drum Read more