Daily Archives: October 29, 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.

This presumably wouldn’t detract from his day job at TNK-BP, but could mean a return to international prominence and a seat alongside the likes of Chuck Prince and Lee Raymond, the former ExxonMobil boss.

Kevin Brown writes:

It is understood that the discussions with Temasek have been brief and informal, and that they relate only to a possible appointment to Temasek’s International Advisory Panel, which usually meets only once a year and has no management role.

The idea that Mr Hayward might join the international panel was floated at a recent conference in Singapore at which Mr Hayward was a speaker.

UPDATE: Apologies to Sky’s (and our own) Mark Kleinman – I should have also linked to his story, which he broke on Thursday evening.

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.

The company itself has come out all guns blazing, issuing a 1,300 word statement contesting the findings of the report. In it, the company states robustly:

Halliburton does not believe that the foam cement design used on the Macondo well was the cause of the incident.

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.

General Electric, Siemens and Gamesa are arriving, with more than £300m in investment promised and the creation of an estimated 3,000 jobs. (That is direct jobs – more will follow along the supply chain.)

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

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