Monthly Archives: October 2010

Kiran Stacey

Could Tony Hayward be looking for a comeback? The FT’s Kevin Brown reports from Singapore that BP’s former boss has held informal talks to sit on the advisory panel at Temasek, the Singapore state investment agency. Read more

Kiran Stacey

Energy analysts are still digesting news from the US last night that the US National Commission investigating the Macondo oil spill had found that both BP and Halliburton had known about problems with the cement used to seal the well, but did not act on the information. Read more

Fiona Harvey

It has been a busy week for wind energy.
First came the good news – a massive investment in offshore wind in the UK. Although the UK leads the world in offshore wind generation, that is mainly because so little of it has been built anywhere. But a vote of confidence in the UK’s prospects came from three wind turbine manufacturers who announced on Monday they would set up shop on the UK’s north-east and eastern coasts. Read more

FT Energy Source

- Halliburton and BP knew risk before spill – FT
- Federal investigators pose uncomfortable questions – FT
- Inquiry puts Halliburton in a familiar seat – NY Times
- This could be most damaging scandal yet for Halliburton – FT Lex
- Total profits surge 32 per cent – Bloomberg
- Exxon and Shell profits surge – FT
- Shell warns of two-year hit from Gulf ban – The Times (£)
- Nigeria resumes push for higher Opec output – The Barrel
- Anger over German nuclear plant vote – FT
- Enel cuts IPO price – Argus
- First Wind pulls IPO – Reuters
- Revealed: How Desire’s advisers have cashed in – The Telegraph
- Poland picks Kulczyk to buy Enea – FT
- Arnie flexes muscle to defend climate law – The Guardian Read more

India may be catching up with China in terms of GDP growth but it still lags far behind on electricity provision. The contrast between the two global heavyweights is stark: nearly 404m Indians currently live without any electricity at all, compared to 8m Chinese. Read more

Kiran Stacey

If you want to drive a change in the wider energy mix, start with the navy. That was the case when Winston Churchill helped spur a boom in oil demand by switching the British navy from coal to oil. Now the US navy may be about to do the same with algae. Read more

Sheila McNulty

As if there were not enough gas in the US.
The US Geological Survey has discovered that much of what it thought was oil in the National Petroleum Reserve in Alaska is actually gas. It says in a new report that new estimates are for 896m barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered, non-associated gas within the reserve and adjacent state waters. Read more

FT Energy Source

- Shell profits rise 7 per cent on higher oil price – Bloomberg
- PetroChina profit increases on higher oil prices – Argus
- Conoco more than doubles quarterly earnings – FT
- Internet talk of Falklands oil discovery ramps Desire – The Telegraph
- EDF looks for new US partner – FT
- EDF and Constellation come to a sensible compromise – FT Lex
- Total gas project brings 500 jobs to Shetland – The Times (£)
- BG project hit with $1.2bn tax claim in Kazakhstan tussle – The Telegraph
- UK carbon tax has been killed by austerity – FT Lex
- Dubai faces environmental problems after growth – NY Times
- Saudi Arabia goes ‘green’ – FT
- Prop 23 outcome could sway venture funds – WSJ
- World Bank launches scheme to ‘green’ government accounts – Reuters Read more

Sheila McNulty

Conoco Phillips, the US’ third biggest oil and gas company, said today it scaled back north America natural gas production late in the third quarter by about 180m cubic feet equivalent per day. It did so because of low natural gas prices, under constant pressure from the shale gas production boom. Read more

Kiran Stacey

A total of 144 new licences have been granted to explore oil and gas off the UK coast today. But the industry isn’t happy – 99 have been held back for further assessments on the likely ecological impact. Read more