Daily Archives: January 17, 2011

Video: Sylvia Pfeifer on the BP-Rosneft backlash

January 17, 2011 3:51 pm by FT Energy Source

Tags: BP, Rosneft
Posted in Corporate news, Oil | Permalink

Your chance to quiz Ian Simm of Impax Asset Management

January 17, 2011 3:07 pm by Kiran Stacey

Many thanks for all your questions for Magued Eldaief, head of GE’s UK energy business. His answers will appear on this site on Friday, January 21st.

Next week, the person in the hotseat will be Ian Simm, chief executive of Impax, the specialist UK environmental and clean tech investment company.

This is your chance to ask one of the UK’s top green investors about everything from whether environmental investments can bounce back after a difficult 2010, to how government policies around the world will affect returns, to how significant China’s commitment to green power is.

Email all your questions to energysource@ft.com by the end of Sunday, January 23rd.

Tags: Ian Simm, Impax Asset Management
Posted in Readers' Q&A, Renewables | Permalink

From FT.com January 17, 2011

Commodities daily: Say hello to $100 crude

Say hello to $100 a barrel oil.

Yes, West Texas Intermediate and Brent, the two most-followed benchmarks, have yet to hit the triple-digit level, but the cost of several high-quality crude grades in the physical market has already reached that mark.

WTI and Brent represent only a fraction of the hundreds of different crudes traded globally each day. Petroleum Intelligence Weekly’s International Crude Oil Market Handbook – the crude oil traders’ bible – lists almost 200 different crude grades, from Kutubu of Papua New Guinea to Caño Limón of Colombia.

Continue reading: “Commodities daily: Say hello to $100 crude”

Tags: Oil price
Posted in Markets, Oil | Permalink

From FT Alphaville January 17, 2011

Reflections on BP’s Russian deal

It’s not just US Congressmen who are concerned about BP’s Global and Arctic Strategic Alliance with Rosneft.

BP’s partner in Russia is also worried.

From the FT:

BP’s landmark deal with Rosneft, the Russian state oil company, was on Sunday night facing a backlash from the billionaire shareholders in its other main venture in the country.

AAR, the consortium through which the shareholders hold their stake in TNK-BP, said it was examining whether the deal breaches their agreement which stipulates that BP can only pursue new opportunities in Russia via the venture.

Continue reading: “Reflections on BP’s Russian deal”

Tags: BP, Rosneft, TNK-BP
Posted in Corporate news, Oil | Permalink

From beyondbrics January 16, 2011

BP in Russia: hope over experience?

If anybody understands the difficulties of doing business in Russia it is BP chief executive Bob Dudley. in 2008, as head of the TNK-BP joint venture he had to flee the country in a bitter dispute with BP’s Russian partners.

So why is he now upping the ante - expanding its commitment to Russia with a separate $16bn tie-up with Rosneft, the state-controlled oil group? The answer is oil – the Arctic reserves at the heart of the deal could for the embattled group be a new North Sea.

Oil companies have to go where the oil is. And there is plenty of oil in Russia.

Continue reading: “BP in Russia: hope over experience?”

Tags: Bob Dudley, BP, BP oil spill, Rosneft, TNK-BP, Vladimir Putin
Posted in Corporate news, Oil | Permalink