Daily Archives: October 20, 2010

Sheila McNulty

Six months after BP’s Macondo well disaster, the deepwater drilling industry is still finding its way forward. While no other countries followed the US and imposed moratoriums on drilling in the deepwater, many, like the European Commission, are reviewing the process in their patch and wondering if they should tighten regulations.

PFC Energy, the consultancy, describes how countries have reacted to the accident in a new report: Read more

George Osborne has come up with a £1bn a year toll, mainly on businesses, which is so complicated that some may not spot it straight away. Read more

Kiran Stacey

The chancellor has stopped speaking and the figures are in. But did the experts to whom this blog spoke earlier get what they wanted? Here are their responses. Read more

Kiran Stacey

George Osborne did not spend much time talking about the energy industry today, but the spending review contained some important new figures and policies. Here, then is the spending review – as far as it effects the energy industry – in numbers. Read more

Kiran Stacey

The green investment bank was never likely to be scrapped entirely in today’s CSR, but George Osborne’s announcement that it will receive only £1bn will dismay many environmentalists. As Greenpeace wrote for this blog, they wanted to see the bank receive at least £6bn.

Even yesterday, it was being reported that the bank would receive £2bn, so this will come as a major disappointment for green campaigners*. Read more

Kiran Stacey

Eon has confirmed it is shelving its delayed plans to build a new coal energy plant at Kingsnorth. Read more

Kiran Stacey

to look like over the next four years. But what will George Osborne’s announcement mean for the energy industry? We asked a group of experts, industry insiders and campaigners to give us their view on the main things they want to hear from the chancellor. Here’s what they said. Read more

FT Energy Source

- Occidental ahead 29% in quarter – FT
- Iran warns British oil groups in refuelling row – The Telegraph
- Zambia accused of ignoring mine abuse – FT
- Oil heats up as bulls target $100-a-barrel price – FT
- TNK-BP bids for Iraq oil – The Times
- Exxon, Chevron, Shell may bid for Iraqi gas – Bloomberg
- BP turns down legal right to cap Macondo liabilities at $75m – The Telegraph
- Indian Oil plans record $4.3bn IPO – FT
- India mulls shale upstream licensing round – Argus
- Spending review will test chancellor’s green promises – The Guardian
- A cheaper route to solar cells – NY Times Green blog
- France’s cooling nuclear ambitions – FT
- US ethanol producers seek renewed tax breaks – Reuters Read more