Daily Archives: May 4, 2011

Kiran Stacey

Oil and gas operators in the North Sea have ramped up their lobbying efforts to persuade the government to reverse, or at least dilute, its tax hike on those companies to pay for the cut in fuel duty. Read more

India’s hunger for coal is just as insatiable as China’s, and in the race with the Middle Kingdom for foreign acquisitions, it would appear that India is outpacing China. Read more

By Patricia de Leon of mergermarket

Thai companies are keeping up the pace with their overseas deals, boosted by a maturing domestic economy and and a stronger baht.

In the latest  deal announced this week, Ratchaburi Electricity, one of the country’s largest power generators, is paying Bhat6.7bn ($223m)  for 56 per cent in Australia’s Transfield Services Infrastructure Fund – a power and water company.

This will not be Ratchaburi’s last foray overseas, says Jirasee Kasuwan, energy sector banker at The Quant Group, a Bangkok-based independent investment bank. The company has “a very huge ambition to expand internationally,” he says, which began with  investing in a greenfield power plant in Laos a couple of years ago.

 Read more

FT Energy Source

- BP to pay $25m for 2006 spill in Alaska – FT
- Energy prices boost Statoil – WSJ
- Discord over European nuclear plant tests – FT
- Turmoil, disasters cloud atomic energy pact – WSJ
- Sharp rise in European anxiety on nuclear safety – FT
- German nuclear shift hits Eon – WSJ
- Five arrested at Sellafield nuclear site – FT
- Sellafield terror arrests prompt London police raids – The Guardian
- Takeover panel blocks reduced Chinese offer for Kalahari – FT
- Adani buys Australian coal port for $1.98bn – FT
- UK will ‘utterly destroy’ North Sea industry – The Telegraph
- Treasury should rethink North Sea oil tax hike – FT Lex
- Madagascar oil initiates arbitration – FT
- Hoof power returns on small farms – NY Times Read more