Daily Archives: December 1, 2010

In this week’s podcast: The early onslaught of winter in Europe has pushed the prices up of natural gas, thermal coal and oil. We’ll be asking what this means for electricity prices and what the outlook is for the rest of the winter. Read more

Kiran Stacey

The Obama administration has decide not to grant any new leases in the eastern Gulf of Mexico, off the coast of Florida, for the foreseeable future, as a result of the BP spill. Read more

Kiran Stacey

How strong a hand will Chris Huhne, the UK energy secretary, take into the Cancun talks? Will he be able to persuade foreign ministers and negotiators that the UK is playing its part? Read more

Sheila McNulty

The majors have a history of selling what they believe are their “cast offs” to the small, independent oil and gas producers because they see little value in them. When they all left the US for global markets, writing the US off as “mature” back in the 1970s, the independents picked up the pieces and carried on.  Read more

Kiran Stacey

Earlier this month, Eon announced its plans to raise €15bn over three years to pay off debt and fund an expansionary drive outside Europe.
Just three weeks into that three-year period, the company has already made its first move, selling its 3.5 per cent stake in Gazprom for €3.4bn.
 Read more

FT Energy Source

- Shell and Gazprom in oil and gas alliance – FT
- Gazprom and Vitol to start trading rainforest – The Telegraph
- Russia and Ukraine settle gas dispute – FT
- Nigerian corruption squad focuses on Shell and Halliburton – The Times (£)
- NWR’s $1.2bn Polish coal bid lapses – FT
- Pertamina drops pursuit of Medco Energi – Argus
- Green investment groups’ fury over BP’s oil sands plans – The Times (£)
- BP to suspend construction of Alaska rig for safety review – Bloomberg
- US Interior Dept to consider new fracking policy – WSJ (£)
- British MPs fire broadside over missed energy targets – The Times (£)
- Wood Group wins $875m Israeli power plant – FT
- Hopes dim on Michigan solar plant – WSJ (£)
Cancun news: day three
- America plays tough at Cancun – The Guardian
- UN talks seek to define duties of rich and poor countries – Reuters
- Canada already on track to be fossil of the year at Cancun – DeSmogBlog
- India steps up at Cancun – Michael Levi
- Let’s look beyond carbon – Tim Yeo, The Guardian Read more