Monthly Archives: July 2011

Energy headlines: Shareholders target BP chairman

July 29, 2011 11:51 am by FT Energy Source

Shareholders target BP chairman - FT
Exxon’s $10bn profits fall short of forecasts – Telegraph
Anglo American lifted by commodities boom – FT
BHP Billiton digs in against striking miners – FT

Libya years away from oil recovery

July 29, 2011 11:41 am by Mehreen Khan

Libyan oil production will take years, not months, to return to full capacity once a political solution to the conflict is found, according to Barclays Capital.

“The reincorporation of Libyan oil into the world market increasingly seems a distant possibility” according to the study, which warns of a lasting political vacuum after the potential fall of the Gaddafi regime.

Continue reading: “Libya years away from oil recovery”

Tags: Barclays Capital, Europe, Libya, Muammar Gaddafi
Posted in Energy, Oil, Politics, Power | Permalink

Energy headlines: Dana Gas is possible target for Vallares

July 28, 2011 10:50 am by FT Energy Source

Dana Gas is possible target for Vallares – FT
Afren pays $588m for Iraq fields – FT
Canada and Qatar projects help profits surge at Shell – FT
Centrica profits plunge on warm weather – FT
ConocoPhillips earnings slip in solid quarter – FT

Posted in Energy headlines | Permalink

FT podcast: Energy Weekly

July 27, 2011 10:24 pm by FT

BP, solar, De Beers, Centrica

In this week’s podcast: Interim results from BP fail to please investors; solar power – how economic is it? We ask CEO of Canadian Solar, Dr Shawn Qu; diamond company De Beers gets a new chief executive; and, Centrica – what should we expect from its results?

Presented by Sylvia Pfeifer with Vincent Boland, Pilita Clark, William MacNamara and David Blair.

Produced by LJ Filotrani

Posted in Corporate news, Energy, Gas, Markets, Oil, Renewables | Permalink

Energy subsidies cripple Pakistan economy, says study

July 27, 2011 6:05 pm by Mehreen Khan

Energy subsidies in Pakistan are contributing to “severe supply problems” according to a report from the country’s Petroleum Institute.

Power consumption has grown by 80% over the last 15 years, but a failure to keep up with demand has led to crippling electricity shortfalls.

Continue reading: “Energy subsidies cripple Pakistan economy, says study”

Tags: IMF, Pakistan, Petroleum Institute, subsidies
Posted in Energy, Gas, Politics | Permalink

Energy headlines: RWE abandons world’s biggest wave energy plan

July 27, 2011 10:33 am by FT Energy Source

Posted in Energy headlines | Permalink

Energy headlines: BP disappoints with dip in production

July 26, 2011 11:48 am by FT Energy Source

BP disappoints with dip in production - FT
BG Group boosted by soaring oil prices – FT
Shares in small refiners surge with crude spread – FT
Dow Chemical and Aramco in $20bn venture – FT
Reliance reports strongest-ever figures - FT

Posted in Energy headlines | Permalink

Energy headlines: Energy groups told to pay for mis-selling

July 25, 2011 11:49 am by FT Energy Source

Energy groups told to pay for mis-selling – FT
Baker Hughes Q2 profit jumps – Reuters
Commodities boom fuels UK dividends – FT
Amplats sees platinum price averaging $1,800/oz in 2011 – Reuters

Posted in Energy headlines | Permalink

Uganda plans key African refinery

July 21, 2011 4:53 pm by Mehreen Khan

Uganda is planning to build only the second oil refinery in East Africa by 2015.

Following the recent discovery of 2.5 billion barrels of oil, Uganda aims to develop a refinery in Hoima, according to Fred Kabagame Kaliisa, permanent secretary at the energy ministry.

Continue reading: “Uganda plans key African refinery”

Tags: Africa, Kenya, refinery, Uganda
Posted in Energy, Oil | Permalink