Daily Archives: October 19, 2010

Kiran Stacey

Siemens has tied up a deal with Masdar, the carbon-neutral city being built in Abu Dhabi, to base its Middle East HQ there and to help develop the city’s smart grid and other infrastructure.

Siemens will also work on CCS working in collaboration with academics at the Masdar Institute.

It’s a rare piece of good news for Masdar, which has recently been beset by problems, and is important in showing that Western companies are still willing to work with it on this unique project. But how is the project proceeding otherwise? I will be asking that question to its CEO later on this afternoon.

Kiran Stacey

Chris Huhne sped from his cabinet meeting this morning to address the European Future Energy Forum to send the message to investors that Britain is open for green business.

But will his warm words for the renewables industry and promises of solid government support mean much in tomorrow’s spending review? Not if a report in today’s Guardian is to be believed.

Kiran Stacey

Several important themes have come from the first session of the European Future Energy Forum here in London, where among the speakers were European energy ministers, campaigners and industry executives. I will try and write a bit more about them later on today, but here were some of the dominant themes of the discussion. These were the dominant topics at the initial debate, which looked at the challenges currently facing European renewables (which I have now updated with quotes).

Kiran Stacey

Here’s some news you may have missed overnight. It looks almost certain that the £60m promised by the last UK government to allow the country’s ports to cope with the next generation of offshore wind will be preserved in tomorrow’s spending review.

Energy secretary Chris Huhne has previously dropped big hints that this will be the case, but the clearest came yesterday when he told Lib Dems in the north east to expect “good news” on this front.

Here at the European Future Energy Forum 2010 in London, Maria McCaffery has welcomed the news, saying the “key issue” facing renewable energy providers at the moment is the supply chain.

Interestingly Lord Howell, a minister in the foreign office, did not contradict what is being described here as a “leak”. It seems offshore wind builders may be one of the few groups to be happy with the outcome of tomorrow’s review.

UPDATE: This is why the story is being called a “leak”. The Guardian has the full story.

FT Energy Source

- BP to link bonuses to safety performance – FT

- BP leads plans for North Sea oil spill cap – The Telegraph

- Premier Oil considers $500m for BP’s Pakistan gas assets – The Times (£)

- Halliburton profit surges in third quarter – FT

- PetroChina explores Australian tight gas prospects – Argus

- No Euro shale until 2025: Ofgem – No Hot Air

- EDF turns up heat in fight with Constellation – FT

- Solar market developments – Energy and Capital

- Wave of closures set to hit US coal stations – FT

- Nascar moves to ethanol blend – Des Moines Register


Apologies for having missed this one earlier:
- Chris Huhne wins £1bn for carbon capture technology – The Guardian

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