Daily Archives: February 17, 2011

Bahraini army tanks take position near Pearl SquareBloody clashes between anti-government protesters and riot police in Bahrain have got many people outside the Middle East looking at the island state for the first time. But does it matter to business and investors?
The answer is yes. Not so much because Bahrain is a financial centre and home to the US Navy’s Fifth Fleet. But because Bahrain has the potential – belied by its tiny size – to inspire political ructions in Saudi Arabia, the world’s biggest oil producer. Read more

Sheila McNulty

When Hercules Offshore agreed to buy Seahawk Drilling’s 20 jackup rigs, the obvious question was whether it planned to use them in the Gulf of Mexico. After all, Seahawk is only focused on the Gulf, and it is pricey to move rigs. Read more

Sheila McNulty

Bad news for those out there with high hopes of moving quickly to convert the world to electric vehicles.
A new report by Accenture, the consultancy, says that the large-scale rollout of plug-in electric vehicles will be hindered unless investors stimulate demand, lower the cost of public charging infrastructure and manage the impact on the grid. Those are three pretty big challenges.  Read more

FT Energy Source

- HK Electric considering bid for Eon’s UK grid distribution business – WSJ (£)
- Abu Dhabi fund buys Spain’s Cepsa – FT
- Oil hits $104 as Iran warships head for Suez – The Telegraph
- GE Hitachi and Lockheed in nuclear security tie – FT
- US 2009 emissions lowest since 1995 – Argus
- Auditors find oil and gas oversight still lacking – NY Times Green blog
- US court upholds Airgas’s ‘poison pill’ – FT
- Tullow falls on report of Total’s Ugandan talks – The Telegraph
- Providence promises Irish boom if he finds oil – The Times (£)
- Uranium forecast to hit new highs – FT
- A lawmaker’s critique for Obama’s energy stance – NY Times Green blog
- Saudi turns to alternatives to prop up oil – Reuters
- Santos says earnings climbed 15% – Bloomberg
- Williams Cos plans to split in two – WSJ (£) Read more