FT Energy Source Energy headlines: Companies’ profits boosted by oil price

- 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