Daily Archives: March 17, 2011

Kiran Stacey

Fighting in Ras Lanuf, LibyaA note has come through from Moody’s about oil companies operating in the Middle East, which makes some interesting points.

Its main thrust is that any disruption to supply from Libya, even for major players in the country, will be counteracted by a surge in oil prices.

One reason for that is that Libya taxed these companies at roughly 94 per cent. It has previously been said that one risk to IOCs is that if a new regime comes to power it will inflict more punitive terms on these companies as a populist measure. But realistically, it couldn’t get much more punitive than it already was, at least not without pushing out companies altogether and so stopping that source of revenue for the regime altogether.

Kiran Stacey

My last post on Japanese LNG demand and its effect on prices generated some debate from readers, so here are a few more views from a report in Petroleum Economist.

As expected, the report states that Japan is not yet purchasing on the spot market, but is using existing long-term contracts. If suppliers are being generous, as Shell has promised to be, they shouldn’t be having to pay much more than normal for their supplies.

Kiran Stacey

FT Energy Source

You can follow live coverage of the Japanese nuclear crisis here.

- Fresh nuclear concerns hit Japan – FT

- Just 48 hours to avoid ‘another Chernobyl’ – The Telegraph

- Lessons from Japan from Chernobyl – The Guardian

- The long half-life of Chernobyl – NY Times Green blog

- US nuclear official outlines Japan threat – FT

- Obama pushes ahead with new nuclear plans – The Telegraph

- Nuclear power: Too hot to handle – FT

- Crisis should not matter in nuclear debate – George Monbiot, The Guardian

- Nuclear problems put energy markets in a spin – FT

- Japan’s Kyukoto refinery restarts – Argus

- Nuclear crisis forces rethink on suppliers – FT

- Beijing’s freeze will hit sector rebirth – FT

- Oil spikes as Iran attacks Bahrain violence – The Telegraph

- Major tidal energy scheme set for Scottish waters – BBC

- Heritage rejects informal £1.2bn bid – FT

- Eaga agrees to give employees pay-out – FT

- EPA proposes air rules that could hit coal-fired power – Reuters

- PG&E missing pipe-safety records – WSJ

- Colombia sees record oil output – Reuters

- Gillard sees support dwindle on carbon tax U-turn – The Guardian

- Winds of fortune blow through Romania – FT

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