Daily Archives: May 23, 2011

Kiran Stacey

We all knew that the collapse of BP’s deal with Rosneft to drill in the Arctic was more damaging for BP than it was for its Russian prospective partners.

For BP, the deal represented the chance not only to tap the significant Arctic resources for which Rosneft holds licenses, but also a chance to diversify away from the Gulf of Mexico, and to show the world it can still drill safely in difficult places, even after last year’s spill.

But Rosneft, while preferring the technical skills BP had to offer, still has plenty of options on the table. Big oil companies are lining up to take BP’s place and exploit the Arctic’s resources themselves. And none of them bring the baggage of existing Russian partners who could get in the way.

FT Energy Source

- Gas threat to wind farm growth – FT

- As natural gas prices fall, search turns to oil – WSJ

- US approves first natural gas exports – FT

- Iran says finds light crude in offshore gas field – Reuters

- Al Qaeda ‘planned to attack oil tankers’ – The Times

- BP gets $1bn from Mitsui towards Gulf of Mexico costs – The Telegraph

- US and Ensco seek more time to settle drilling suit – Bloomberg

- NSW imposes 60-day exploration freeze – Argus

- Iberdrola tries to talk energy out of deal talk – FT

- Japan nuclear leak 100 times more than permitted – Reuters

- Tepco head resigns after nuclear crisis – NY Times

- New Toshiba reactor hits hurdles – WSJ

- Scottish and Southern warns on energy bills – The Telegraph

- Kazakh PM says dispute risks oilfield delays – FT

- Cairn Energy gets permission to drill in Gulf of Valencia – The Guardian

- China New Energy to requote on Aim – FT

- UK looks for new generation of electricity pylons – The Guardian

- EV charging stations could use subscriptions – WSJ

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