Daily Archives: December 21, 2010

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.

India and Russia signed 11 agreements on Tuesday, the first day of Medvedev’s two-day visit – including a deal through which ONGC, India’s state-owned energy company, will cooperate with Russia’s AFK Sistema in hydrocarbon development.

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:

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

Energy Source is no longer updated but it remains open as an archive.

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