Monthly Archives: March 2011

Kiran Stacey

[Amrita Sen] Many thanks for all your questions for Keith Parker, chief executive of the UK Nuclear Industry Association. His answers will appear on this site on Friday, April 1st.
Next week, the person in the hotseat will be Amrita Sen, Barcap’s oil analyst and expert on the Middle East and North Africa. Read more

FT Energy Source

Dmitry Medvedev, Russian president, touring Mognitogorsk metal works March 2011President Dmitry Medvedev has grumbled more than once about ministers holding top jobs at state-controlled companies – and to little effect. But this time it seems to be for real.

After Medvedev late on Wednesday ordered the removal of ministers from state enterprise boards by mid-year, Arkady Dvorkovich, his economic aide, followed up on Thursday and named names, starting with Igor Sechin, deputy prime minister, and Alexei Kudrin, finance minister. This is serious – and Moscow is rife with speculation about what it all means.

 Read more

FT Energy Source

- Obama urges boost in energy production – FT
- Can we do without the Middle East – NY Times
- Funds plea to speed up oil drilling permits – FT
- Leadership vacuum at Tepco – WSJ
- Tepco to seek state support – FT
- Tepco claims may reach Y10-11 trillion – WSJ
- Japan may have to nationalise nuclear provider – The Telegraph
- EDF warned to improve reactor safety – FT
- EDF committed to nuclear despite Clegg cost fears – The Telegraph
- Total sounds alarm over tax swoop – FT
- Energy groups seek windfall tax reprieve – The Times
- Tullow faces further Uganda tax dispute – FT
- Tullow Oil: punching above its weight – FT Lex
- China to raise renewable power tariffs within two years – Reuters
- Spain’s financial crisis claims another victim: solar power – The Guardian
- Giant wind turbines face epic challenge – The Times
- EU long-term strategy supports ethanol use – Argus Read more

Sheila McNulty

President Barack Obama is calling on oil companies to increase production in the US, accusing them of sitting on tens of millions of unused and unexplored acres of leases on public land waiting to be tapped. But this must be put in context. Read more

In this week’s podcast: Fukushima update; Germany’s shifting stance on nuclear; Opec cashes in on rising oil prices; and, your comments on Energy Source. Read more

With Brent Crude at $115 a barrel, it is little surprise to see the International Energy Agency talking in terms of oil remaining at $100 for 2011. And if it does, the organisation expects OPEC members to generate over $1,000bn in export revenues for the first time, as the FT reported on Wednesday. Read more

Kiran Stacey

The tension between oil companies and George Osborne surrounding North Sea oil taxes has erupted into war.  Read more

FT Energy Source

- Opec set for $1,000bn in export revenues – FT
- Gulf of Mexico lawsuit fears hit BP – The Telegraph
- BP could be charged with manslaughter – The Times
- BP faces revolt on £8m Hayard pay – The Telegraph
- The politics of oil: Wells of anxiety – FT
- Covering Libyan oil eats into Saudi capacity – FT
- Warning on oil price threat to the UK – FT
- Oil companies go to war with Osborne – The Times
- Statoil takes on Osborne over $10bn North Sea projects – FT
- Cnooc, Total sign agreements to buy Tullow Ugandan assets – Bloomberg
- Tepco shares slide amid nationalisation fears – FT
- Japan to scrap stricken reactors – BBC
- Science chief backs nuclear renewal – FT
- UK has £10bn chance to reuse spent nuclear fuel – WSJ
- Germany’s nuclear tensions erupt – FT
- Berlusconi in power policy rethink – FT
- EDF in corporate row with Italy – FT
- GE steps up drive on energy with $3.2bn deal – FT
- GE Converteam buy to boost UK wind industry – The Telegraph
- GE plugged into demand – FT Lex
- Proposal to gut DOE loan guarantee programme – WSJ
- California passes higher clean energy goal – Reuters
- Spain regulator halts subsidies to 350 solar plants – Reuters
- Lithuania focuses on breaking Russia’s grip – FT Read more

Kiran Stacey

As Italy becomes the latest European government to consider changing its solar subsidies, ministers should pay attention to today’s report into green investment from the Pew Environment Group. Read more