Daily Archives: May 9, 2011

The Financial Times this week hosts guests writers and industry leaders who will debate the future of global energy after nuclear disaster in Japan and turmoil in the Middle East.

DAY ONE:

How shale gas will transform the markets

Lasting changes are unlikely to flow from political conflicts in north Africa or the nuclear sector in Japan. It is geology and technology that could transform global energy, says Nick Butler, who chairs the King’s Policy Institute at King’s College London.

DAY TWO:

We must electrify the transport sector

Washington needs to promote investment and energy diversity to ensure the US can be weaned off its dependency on oil, writes Frederick Smith, president and chief executive of FedEx Corporation

 

FT RESOURCES:

Energy Source – the FT blog that gives an insight into the financial, economic and policy aspects of energy and the environment;

Powering America – interactive graphic on the future of US energy;

Oil in-depth – news and analysis as a consensus emerges that countries need to do everything to stabilise oil prices following the dramatic market volatility of 2008;

Unconventional oil and gas ‘hot areas’ – an interactive graphic on alternative sources of oil energy.

 

 

Serious interest in buying Poland’s Lotos Group has come only from Russian companies, making the sale of the government-owned refiner politically problematic before this autumn’s parliamentary election.

Unofficially, the Russian companies who submitted bids for Lotos before the treasury ministry’s deadline at the end of last month include TNK BP, GazpromNeft and Rosneft, according to Poland’s Parkiet newspaper.

Russian companies have long been interested in Lotos, the country’s second largest refiner – which owns a modern refinery in northern Poland as well as a chain of petrol stations and some oil production on the Baltic Sea – as a way of gaining a foothold in the Polish market.

Bob Dudley, BP chief executive, and Vladmir Putin, Russian prime minister, when the BP-Rosneft deal was announced in January 2011BP is bending over backwards to save its controversial deal with Rosneft, the Russian state-controlled oil group, and try to square its interests with those of the Russian authorities and of the oligarch partners in its current Russian joint venture, TNK-BP.

Shareholders should be wondering whether all the contortions involved are worth the effort.

Rosneft has given the British company until May 16th to negotiate an acceptable alternative to their original January agreement, that envisaged a $16bn share swap and an ambitious exploration and development joint venture for the Russian Arctic.

FT Energy Source

- Biggest commodity hedge fund loses $400m in oil slide – FT

- Investors move back into risky assets – FT

- Analysts warn oil price will remain high – NY Times

- Goldman predicts commodities recovery – Bloomberg

- How shale gas will transform the markets – Nick Butler, FT

- Rivals RWE and Iberdrola hold merger talks – FT

- BP still has a deal to be done – The Telegraph

- Energy producers expect pressure over tax breaks – FT

- Moulton hires former BP chief for green energy fund – The Telegraph

- Texas City refinery restart efforts continue – WSJ

- Climate panel calls for two more reactors – FT

- Japanese nuclear operator rejects shutdown demand – WSJ

- Japan, US plan nuclear waste storage in Mongolia – Reuters

- Fukushima fails to dent UK nuclear support – FT

- US nuclear agency criticised for being too close to industry – NY Times

- Cameron under fire for poor green progress – The Guardian

- Climate change adviser warns of test for Cameron’s green credentials – The Guardian

- China leads push to go green – NY Times

- Petrobras ethanol target tripled – FT

- Demand for LNG flares worldwide – FT

- Total chief showing his Dunkirk spirit – WSJ

- Putanin backs Norilsk’s role in Rusal fight – FT

- Gulf Keystone rises on Kurdistan hope – FT

Energy Source is no longer updated but it remains open as an archive.

Insight into the financial, economic and policy aspects of energy and the environment.

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