Monthly Archives: December 2010

Kiran Stacey

Energy Source will now be taking its annual Christmas break. We will be away from today (December 23rd) until January 4th. That is unless something major happens in the energy industry, in which case I promise to return promptly to my keyboard and keep you all up to date. Read more

FT Energy Source

- Rio in A$3.9bn bid for Riversdale – FT
- US says Chinese wind power fund breaks trade rules – NY Times
- Spain’s solar power subsidy cuts attacked – FT
- Japan likely to shelve carbon trading scheme – Reuters
- Areva gets €400m German wind turbine contract – WSJ (£)
- Coal shortages worsen in China – NY Times Green blog
- Gulf spill lawyers want Feinberg reined in – AP
- Trafigura readies for battle – FT
- Shell pays $10m fine to Nigerian government – Bloomberg
- Anadarko clean up sites ‘may reach 2,800′ – Bloomberg
- Dwindling supplies keep oil above $90 – FT
- EPA poised to set emission standards – Argus Read more

Kiran Stacey

Many apologies to all of those who sent in questions, but we are having to delay Chris Huhne’s Q&A session until the new year, as the energy secretary has not yet been able to answer all your questions. Read more

In Beijing on Tuesday, long lines began to form around gas stations across the city. It was one of the first tangible signs of the government’s decision to raise fuel prices, which went into effect Tuesday at midnight. Read more

FT Energy Source

- Ghana and Kosmos sign truce agreement – FT
- India’s ONGC eyes new Russian prospects – Argus
- State Grid views Brazil as another smart move – FT
- China raises gasoline prices as crude costs spike – Bloomberg
- Gulf oil and gas groups struggle after spill – FT
- Feinberg’s comments irritate lawyers – NY Times
- Trafigura net income falls as oil trading hit – FT
- Exco buys Marcellus shale assets for $459.4m – Upstream Online
- Why Bolivia stood alone in opposing Cancun agreement – Pablo Solon, The Guardian
- PPG to pay $3.75m to settle illegal export charges – WSJ(£)
- BG picks Vale man for finance role – FT Read more

And then there were five. With the arrival of Dmitry Medvedev in New Delhi on Tuesday, India has completed an impressive diplomatic quintet. Russia’s president is the fifth and final leader from the five members of the UN Security Council to visit India in the past six months, following a path that has led to multi-billion business deals and burnished India’s sense of its rising global importance. Read more

We didn’t think it would happen – but Aim-listed Xcite Energy has delivered an early Christmas present to punters in the oil exploration sector on Tuesday: Read more

FT Energy Source

- Rio Tinto makes new £2.5bn Riversdale offer – The Telegraph
- EDF stake increase in Areva attacked – FT
- Shale gas success drives down prices – NYT/Breakingviews
- Norilsk sells 8% stake to Trafigura – FT
- ‘A wake-up call to the oil industry’ – The Times (£)
- Saudi trading links revived by US groups – FT
- Chevron builds up steam in the Middle East – FT
- Shell signs $6bn Qatari petrochemical deal – Bloomberg
- High costs put North Dakota CCS project on hold – Argus
- Texas takes a shine to solar power – Reuters
- Aggreko wins Olympic power contracted – The Telegraph
- Companies charged in EU Czech probe – FT
- EPA puts emissions rules on hold – WSJ (£)
- Iran cuts send diesel price soaring – FT Read more

Kiran Stacey

The UK’s freezing temperatures are bad news for travellers, but decidedly good news for gas suppliers. National Grid has forecast a record day for gas demand, and has been forced to issue a “gas balancing alert” to encourage suppliers to up supply and big consumers to switch fuels or reduce consumption. That’s the seventh time such an alert has been issued since 2005. Read more

Kiran Stacey

The Times is currently publishing extracts from Loren Steffy’s new book Drowning in Oil, about the BP oil spill, in addition to the extracts on Fuel Fix published earlier this month.  Read more