In this week’s podcast: We look at movements in the coal industry as the US prepares to become the world’s most active market, we look at oil prices and the call from Opec’s secretary general Abdalla El-Badri for tighter regulations, we hear about the EU’s proposed target of cutting emissions by 30 per cent in part by looking to the food and drink industry and we discuss the upcoming consultations in the UK on the reform of the electricity market.
Botswana was once a darling of investors on the African continent. Long loved for its placidity and its diamonds, the world’s largest producer of the gem is now on the map of resource-hungry Brics for another resource: coal. Read more
BP marked a return to the deep water today – in Africa.
Seven months after its accident in the deep waters of the Gulf of Mexico, the UK oil group announced it has made a significant discovery in the deepwater West Nile Delta area in Egypt. Read more
There have already been some noises off between the UK government and the green energy industry over the green investment bank, the government’s proposed investment vehicle for funding clean energy projects. Apart from anything, many in the sector simply don’t think the £1bn promised by Chris Huhne, the energy secretary, is enough.
But another faultline opened up today at a briefing attended by both Sam Laidlaw, the chief executive of Centrica, and Huhne himself. Specifically, the pair seemed to be at odds over whether the green investment bank could be used to fund energy efficiency initiatives. Read more
When Chris Huhne, the UK energy secretary, announced last month that he was cancelling the public funding for the Severn barrage – the massive tidal power project which was due to provide around 5 per cent of the UK’s electricity needs – it initially looked like the project was dead in the water. Read more
Our US energy editor Ed Crooks last night won the UK Foreign Press Association’s print and web news story of the year for his story on BP’s response to the Gulf spill.
You can read the story, which judges called a “rigorous and balanced” piece on “one of the biggest stories of the year”, here. Read more
- US group gives nuclear details to China – FT
- Petrobras could leave Ecuador – FT
- Hess extends Bakken footprint with $1bn deal – Rigzone
- Kinder Morgan plans $1.5bn IPO – FT
- XTO cited for Pennsylvania spill – Upstream Online
- China group’s Cuba oil deal – FT
- Record seen for Chinese coal imports – NY Times Green blog
- Coal demand shifts M&A focus to US – FT
- Salazar outlines plans to boost offshore wind – WSJ (£)
- National Grid to buy from first US offshore wind farm – Reuters
- Blackstone’s Dynegy flop set to embolden activists – FT
- Santos strengthens presence in North West Australia – Argus
- Montara spill may lead Australia to strip PTTEP of licences – Bloomberg
- Vallar must weigh up Indonesia’s risks – FT Read more