Monthly Archives: January 2011

Russian oligarch Mikhail Fridman is throwing caution to the wind. He and his Russian partners in TNK-BP questioned the BP-Rosneft deal as soon as it was announced last week. Read more

At times the European Gas Conference in Vienna felt more like a television dating gameshow than a humdrum industry get-together. Read more

Kiran Stacey

Last night, we reported that Igor Sechin, the Russian energy tsar, Rosneft chairman and deputy prime minister, had moved to damp down a brewing rebellion from BP’s Russian partners in TNK-BP against the Rosneft tie-up.
Well, it didn’t work.  Read more

FT Energy Source

- Conoco benefits from higher oil prices – FT
- Oil majors: radical rethink needed – FT Lex
- Exelon results hurt by hedging losses and lower earnings – WSJ (£)
- BG jumps after Brazil oil discovery and spin-off talk – FT
- Heritage Oil falls 29% after gas find – FT
- Australian cyclone halts oil production – Bloomberg
- Brent and WTI gap continues to widen – FT
- Oil dispersants lingered in deep water – NY Times Green blog
- Lawmakers vow to pursue oil spill bill – Reuters
- Founding father backs Glencore IPO – FT
- South Korea to debate carbon-emission trading bill – Bloomberg
- Backing for Brussels on energy market – FT
- Icahn extends offer for Dynegy – FT
- BP and Rosneft clear way for Arctic exploration – The Times (£)
- TNK-BP investors reassured on Rosneft – FT
- Pension giants tilt at the wind – The Times (£)
- UK must deliver on reforms this year, says EDF – FT
- GE Hitachi to re-enter UK reactor market – Argus
- Huhne warms to nuclear option – FT
- India bowls nuclear industry a surprise googly – FT Read more

In this week’s podcast: We turn our attention to BP’s 4th quarter results due next Tuesday. We ask Theepan Jothilingam, oil and gas analyst from Morgan Stanley, what he thinks Bob Dudley’s inaugural speech will focus on. We then look at the looming board shake-up at Swiss-based trading house Glencore and we end the show in Hinkley Point in Somerset, the site of the UK’s new nuclear reactor – the first to be built for many years. Read more

Kiran Stacey

Earlier, I promised you the reaction of the oil industry to the call by Barack Obama to end its subsidies.

Well, here is the API’s full reaction, courtesy of Jack Gerard, the organisation’s chief:

 Read more

Kiran Stacey

Many thanks for all your questions for Ian Simm, chief executive of Impax Asset Management. His answers will appear on this site on Friday, January 28th.
Next week, the person in the hotseat will be James Cameron, vice chairman of Climate Change Capital, the boutique investment bank specialising in carbon trading. Read more

While China declares itself as a world leader in wind energy, India is also trying to make its claim in the global renewable energy sector, and it is one step closer with the announcement that it plans to build Asia’s first commercial tidal power plant. Read more

Kiran Stacey

Yesterday I blogged on what Carol Browner’s departure could mean for green policies under the Obama administration. Environmentalists were worried that this showed a shift by the White House away from tackling climate change and towards appeasing business.
They needn’t have worried. In the president’s State of the Union Address last night, he spent a considerable amount of time stressing his commitment to clean energy, and making some important and concrete pledges at the same time. Read more

FT Energy Source

- Lithuania to hit at Gazprom in EU complaint – FT
- UK policies ‘could lead to second dash for gas’ – WSJ (£)
- Industry warns over delays in Gulf permits – FT
- Obama sets 2035 clean electricity target – Reuters
- Dynegy attracts no offers to rival Icahn’s bid – WSJ (£)
- Russians prepare for listing spree in London – FT
- Glencore to seek $2.5bn from Hong Kong IPO – Bloomberg
- MPs ‘sceptical’ that nuclear power stations will be built on time – The Telegraph
- Siemens lifted by industrial and power orders – FT
- Baker Hughes profit quadruples on demand for drilling – Bloomberg
- CSX expects strong gains in coal exports – Argus
- China’s energy use could fox the bears – FT
- High heating oil prices spark OFT inquiry – The Telegraph
- Companies are key to climate change agreement – FT
- Climate sceptic ‘misled Congress over oil industry funding’ – The Guardian
- Having faith in Bob Dudley – FT
- The future of algae fuels is… when? – NY Times Green blog Read more