Daily Archives: April 4, 2011

From FT.com April 4, 2011

Libyan rebels are set for their first oil export as soon as Tuesday as they seek funding to sustain their uprising against Muammer Gaddafi’s 41-year rule of the north African nation.

The Liberia-flagged Equator tanker was off Port Said, Egypt, early on Monday and is expected to dock at the Marsa el-Hariga crude oil export terminal near Tubruq, in east Libya, on Tuesday morning, according to Lloyd’s Intelligence, the shipping industry data provider.

The owner of the tanker, Greek-based Dynacom Tankers Management Ltd, declined to comment when contacted by the Financial Times. Dynacom is Greece’s third-largest tanker operator.

Continue reading: “Libyan rebels set for first oil exports”

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Posted in Markets, Oil, Politics |

Kiran Stacey UBS: Fukushima is worse for the nuclear industry than Chernobyl

April 4, 2011 4:01 pm by Kiran Stacey

Fukushima Daiichi before the tsunamiThere has been a great deal of commentary in the last few weeks that the nuclear crisis at the Fukushima plant is not as bad as the Chernobyl meltdown.

We can only hope that prediction proves correct. But for the nuclear industry, say the analysts at UBS, the consequences are already even worse.

In a mammoth 140-page report looking at the future of the global nuclear industry, they say:

While the 1986 Chernobyl accident, at least to date, had a significantly greater environmental impact, we would argue that Fukushima raises even larger credibility issues for the nuclear industry than previous accidents.

Continue reading: “UBS: Fukushima is worse for the nuclear industry than Chernobyl”

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Posted in Markets, Nuclear |

Kiran Stacey Ask Amrita Sen your oil-related questions – deadline extended

April 4, 2011 12:01 pm by Kiran Stacey

Amrita Sen, BarCap’s oil analyst, has kindly agreed to extend the deadline so more Energy Source readers will get the chance to ask their questions.

Amrita is one of the oil industry’s best known analysts, and is expert on everything from the effect of the Libyan conflict on oil supplies to what high oil prices mean for Opec and the wider economy.

Email all your questions to energysource@ft.com by the morning of Tuesday, April 5th.

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Posted in Markets, Oil, Readers' Q&A |

FT Energy Source Energy headlines: BP to resume Gulf of Mexico drilling

April 4, 2011 8:03 am by FT Energy Source

- BP to resume drilling in Gulf of Mexico – FT

- Transocean cites safety in bonuses – WSJ

- Transocean employees decline to testify in BP spill inquiry – NY Times

- Oligarchs renew bid to halt BP deal with Rosneft – The Telegraph

- Conoco targets deepwater even as it streamlines – FT

- Alaska pushes offshore drilling – WSJ

- Shell extends global sell-off – The Times

- Oil majors step aside for newcomers – The Times

- Tepco struggles to halt radioactive leak – FT

- Tepco speeds up thermal power expansion – Argus

- Japanese turn to paper and sawdust to plug leak – The Guardian

- Nuclear workers found – WSJ

- Japan may review 202 emission cut target – Reuters

- RWE plans to sue over nuclear shutdown – FT

- GE to campaign for cut in gas flaring – FT

- Saudi Arabia looks to cut oil use by half – Bloomberg

- Danish pensions invest in giant offshore wind farm – FT

- Enel: Well diversified geographically – FT Lex

- Ronson targets UK petrol stations – FT

Posted in Energy headlines |

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