Daily Archives: December 15, 2010

Fiona Harvey

As the UK government prepares to announce its proposed “radical” reforms to the energy market, it is worth recapping on some advice meted out by the Committee on Climate Change a few days ago. Read more

Kiran Stacey

Chris Huhne, the UK energy secretary, will tomorrow announce the details and scope of the government’s consultation on electricity market reform (EMR). The bill will come before parliament in the spring, but tomorrow’s announcement is expected to give some indications of the direction of government thought on certain key issues.
Huhne will be answering your EMR-related questions on this blog next week – email energysource@ft.com by Friday, December 17th to pose your question. Meanwhile, here is what the energy industry wants to see ahead of the tomorrow’s release. Read more

Brazil refineryAt a year-end breakfast in Rio de Janeiro this morning, Petrobras announced a bit of pre-holiday housekeeping to help set the stage for the expansion planned over the next few years. The Brazilian state-controlled oil company will pay $850m to buy back complete control of the Refap refinery, Brazil’s fifth-largest, from Repsol. Read more

FT Energy Source

- BP agrees $775m sale of assets in Pakistan – FT
- KNOC to buy Hunt Oil’s Canada assets for $521m – Bloomberg
- Global resources spending soars – FT
- Financing UN climate plan ‘may be tough’ – Argus
- Mol reveals intention to take control of INA – FT
- China faces a ‘peak coal’ threat – NY Times Green blog
- US gas could surpass coal – Argus
- Anadarko’s Jubilee party caps tough year – FT
- Sellafield security ‘flaws’ exposed – The Telegraph
- Activists found guilt of coal station plot – The Guardian
- GE plans further share buy-backs – FT
- First Solar raises 2011 forecasts – WSJ (£)
- Australia upbeat on energy commodities demand – FT
- To conquer wind power, China writes the rules – NY Times
- Privatising Petronas would send a signal – FT
- New power plants would boost the UK economy – Vincent de Rivaz and Sam Laidlaw, The Telegraph Read more