Energy Source

UN links climate with hunger
World can’t achieve food security without tackling global warming, says Ban Ki-Moon (FT)

Copenhagen hope fading, warns Seychelles
‘Copenhagen was a beacon of hope, but its brightness is fading’ (FT)

Essar to buy stake in Dhabi group’s Africa telecom assets
Total enterprise value of Uganda and Congo operation is $318m (WSJ)

Devon to offload international assets
US oil-gas group looking to sell assets for up to $7.5bn (FT)

South Korea to cut greenhouse emissions 30% by 2020
Move comes as a binding global accord on climate change appears unlikely (Bloomberg)

Copenhagen is only the beginning
It will not be the last word in climate change negotiations (FT)

Doosan focuses energy on renewables
South Korea’s biggest power plant maker is stepping up its shift (FT)

Obama rules out Copenhagen treaty
Summit will not produce a binding agreement to tackle global warming (FT)

Repsol weighs Brazil options
Spanish oil firm seeks financing to develop discoveries (WSJ)

EU warned of green energy threat
Investment rate must increase sharply, says report (FT)

Global recovery ‘carries new risk of price surge’
Conditions are ripe for a fresh surge in food prices, says UN (FT)

Exxon shares poised to shine
Shares in the world’s largest oil group could rise over 20% next year (Barron’s)

Global warming threat for Asia financial hubs, says WWF
Hong Kong and Singapore are at serious risk of disastrous flooding (FT)

Executives arrested in Italy wind farm probe
Prominent businessmen charges of fraud (FT)

Russia warns of gas crisis if Ukraine misses payment
Ukraine ships about 80% of Russian gas exports to Europe (Bloomberg)

Exxon flips the switch on Chinese plant
US groups is betting big on China’s seemingly endless hunger for fuel (WSJ)

Lex: World Energy Outlook
Forecasters may be underestimating how we will react to rising oil prices (FT)

IEA warns carbon price must double
Move to make high-tech solutions economically attractive (FT)

Shell says 2010 global investments down to $28bn
Ceo Peter Voser said He added that demand for oil is slowly improving (Reuters)

Venture capitalist to lead energy loan programs
Obama has hired VC to speed efforts to choose alternative-energy companies (WSJ)

Eon agrees €1.1bn long-distance grid sale
Decision signals a further move away from tightly regulated markets (FT)

Analysis: Heating up
Campaigners are badging the talks as the last 45 days in which to save the world (FT)

Editorial: The deal we need from Copenhagen
In order to prevent catastrophe the whole world needs to cut emissions (FT)

Burma’s neighbors advance pipeline project
Oil and gas plans to lift financial strength as West tries to weaken Junta (WSJ)

UN climate envoys may want Chinese actions
Poorer nations may be urged to adopt measures to limit emissions growth (Bloomberg)

Coal-rich US puts faith in CO2 storage
Demand is so high for coal, which fuels 50 per cent of US electricity output (FT)

EDF set to finalise $4.5bn deal in US
A move that could prevent the French group’s pull out of the US market (FT)

Setback for US crackdown on oil speculation
Leaders at the US commodity regulator raise doubts (FT)

Gazprom, EDF clinch US-UK long-term gas swap
The deal allows Gazprom to expand in the US (Reuters)

EU finance ministers dodge decision on climate
Baton passes to European Union leaders (WSJ)

Nuclear power revival for GE leaves waste unsolved
Governments globally endorse plans to temporarily warehouse waste (Bloomberg)

Russian pipelines win key approvals
Denmark and Turkey support plan (WSJ)

Special report: Carbon trading
Greenhouse gases offer growth prospects (FT)

Cnooc 9-month pretax net falls to $4bn
Revenues in the same period were down 33.8% (WSJ via Bloomberg)

GE attacks protection of green industries
US group says protectionism undermining fight against global warming (FT)

Concession raises hopes for climate deal
Developed nations are preparing to relent on their demand (FT)

CNPC’s Operations Are ‘Better Than Anticipated’
Chinese group says businesses maintained ‘stability and growth’ (Bloomberg)

Reliance Industries eyeing refineries in US, Europe
Planning to buy assets worth $3-4bn (Reuters)

Options-driven rally likely if oil hits $80
A large number of call have been struck above $80 (FT)

Exxon Mobil ordered to pay $105m in NYC case
Fined for contaminating New York’s ground water (Reuters)

Gazprom in tie-up with Nigerian company
Move advances Russians interests in energy-rich West Africa (FT)

Industry urged to embrace action on climate
Peter Huntsman tells the FT that controls are needed (FT)

US enlists oil to sway China’s stance on Tehran
Obama encouraging Arab states to boost oil exports to Beijing (WSJ)

Public backing for deep China emission cuts
FT poll says westerners want China to cut emissions (FT)

Energy firms deeply split on bill to battle climate change
Energy producers are battling each other over policy decisions (NYT)

Climate deal hopes boosted
Rich countries have dropped long-standing demands (FT)

Nigerian rebel group MEND says it resumes hostilities
Attacks have cut Nigeria’s oil exports by more than 20% since 2006 (Bloomberg)

Ghana in negotiations to buy Kosmos
GNPC is soliciting offers from foreign oil companies to develop oil field (FT)

Imperial CEO says refining business has worsened
Says refining “marginally worse” than in Q2 (Reuters)

China and Kenya in infrastructure talks
Investment could provide a new route for Chinese oil in southern Sudan (FT)

Crude oil reaches 1-year high
Price pushed north by weak dollar and economic optimism (Bloomberg)

EU attacks carbon border tax initiative
Commissioner said tax should not be used to force a climate deal (FT)

Climate legislation would cost US jobs, CBO’s Elmendorf says
‘Significant shifts’ in employment from industries with heavy emissions (Bloomberg)

Farm bureau aims to kill climate bill
Lobby to seeks to derail Congressional bills to combat climate change (NYT)

Cairn raises $310m for Greenland exploration
Indian group to fund its exploration through a deal with Petronas (FT)

Voyage of discovery in the Northwest Passage
More ice in the Arctic than in the past two years (FT)

Crescent Point to raise C$500 mln in bought deal
Canadian group plans to sell shares worth $486m (Reuters)

RWE claims bid for Enea too expensive
Polish energy company worth around €1.5bn (FT)