Daily Archives: January 21, 2011

From beyondbrics January 21, 2011

Vietnam: Petrolimex joins the privatisation parade

After stalling because of the global financial crisis, Vietnam’s long-delayed privatisation programme appears to be slowly getting into gear again.

On Friday, Petrolimex, Vietnam’s downstream oil and gas monopoly, revealed in a statement that it was planning to complete its partial share sale, known in Vietnam as “equitisation”, by the end of this year.

This came after the FT broke the news on Monday that Vietnam Airlines, considered by some investors to be one of the country’s best-run state-owned enterprises (SOEs), wanted to complete a partial IPO by the end of 2012.

Continue reading: “Vietnam: Petrolimex joins the privatisation parade”

Tags: Petrolimex, Vietnam
Posted in Corporate news, Gas, Oil, Politics | Permalink

Shareholders challenge gas companies on fracking

January 21, 2011 3:07 pm by Sheila McNulty

A group of US investors have filed shareholder resolutions with nine oil and gas companies, pressing them to disclose plans for managing risks associated with the technology being used to extract gas from shale rock.

With the US Environmental Protection Agency investigating the risks; a New York State moratorium on use of the technology; and cases like the one being built against Range Resources in Texas, the resolutions are no surprise.

Continue reading: “Shareholders challenge gas companies on fracking”

Tags: API, Chevron, ExxonMobil, Fracking, Shale gas
Posted in Corporate news, Gas, Politics | Permalink

Magued Eldaief answers your questions – Part Two

January 21, 2011 2:47 pm by Kiran Stacey

In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.

In this post, he discusses subsidies for carbon capture and storage, legislation to curb emissions and the future of smart metering.

Earlier, he answered questions on the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects.

Next in the hotseat is Iam Simm, chief executive of Impax Asset Management. He will be answering your questions next Friday, January 28th. Send in your questions for consideration by the end of Sunday, January 23rd to energysource@ft.com.

But for now, over to Magued:

Continue reading: “Magued Eldaief answers your questions – Part Two”

Posted in Uncategorised | Permalink

Magued Eldaief answers your questions – Part One

January 21, 2011 1:28 pm by Kiran Stacey

In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.

In the first of two posts, he discusses the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects.

In the second post, he discusses subsidies for carbon capture and storage, legislation to curb emissions and the future of smart metering.

But for now, over to Magued:

Continue reading: “Magued Eldaief answers your questions – Part One”