Investors unmoved by Dana defence
2010-09-08 09:20:51 from FT.com - Energy Utilities Mining
Dana Petroleum's shares remain stuck around £18, the price offered by hostile bidder Korea National Oil Corps, in spite of the publication of a defence document by the Aberdeen-based oil and gas explorer that argues it is worth between £21.10 and £24.65

Dana pitch for higher KNOC offer falters
2010-09-07 23:55:30 from FT.com - Energy Utilities Mining
Almost half of Dana's investors have indicated they are willing to accept KNOC's £18-a-share offer, and people close to the situation last night doubted Dana's effort to win back support could succeed

BP oil spill: Deepwater oil blow-out in North Sea not considered by BP
2010-09-07 19:43:58 from Energy - Telegraph
BP admits consquences of an oil blow-out in the North Sea was 'never considered in detail' in its emergency spill plan filed to the Government.

MPs warned on deep sea drilling ban
2010-09-07 19:12:55 from FT.com - Energy Utilities Mining
Stopping the drilling of wells in the waters off the UK would send 'a very negative message' to investors in the oil industry, the head of Oil and Gas UK, the industry body, has warned

Transocean denies staff bullied over safety fears in North Sea
2010-09-07 19:12:41 from Energy - Telegraph
The oil rig operator involved in BP's Gulf of Mexico disaster has denied "bullying and intimidating" its North Sea staff, insisting any problems were "isolated incidents".

Taxman claims first cases of missing trader fraud in energy
2010-09-07 18:25:22 from Energy - Telegraph
The first suspected cases of attempted missing trader fraud in the gas and power sector have been identified by the tax authorities - a year after the carbon trading industry was hit with a €5bn (£4.2bn) attack.

Ofgem launches review into energy sales practices
2010-09-07 01:15:36 from Energy Saving Trust

Govt could introduce green taxes
2010-09-07 01:15:32 from Energy Saving Trust

Suzlon turns to emerging markets growth
2010-09-06 22:50:48 from FT.com - Energy Utilities Mining
The world's third-largest turbine supplier is embarking on a significant push for new business as it battles a depressed market in the developed world, where it built its reputation

National Grid's US costs 'won't occur here'
2010-09-06 21:57:25 from Utilities - Telegraph
OFGEM has promised National Grid's attempts to pass on millions of dollars in management expenses to US customers will not be repeated in the UK - as it prepares to "assess the efficiency" of the company.

BHP needs to strike balance on Potash price
2010-09-06 20:13:37 from FT.com - Energy Utilities Mining
Three weeks after its initially secret $39bn approach to PotashCorp, the Anglo-Australian miner faces conflicting pressures over the price it might have to pay to secure its target

Compromise boosts energy groups
2010-09-06 19:46:56 from FT.com - Energy Utilities Mining
Agreement to extend the life of Germany's 17 nuclear plants is true to the power companies' original proposal to the government

Brazil stakes future on $75bn Petrobras offer
2010-09-06 19:27:28 from FT.com - Energy Utilities Mining
The mere fact Brazil is attempting this now, and on the eve of a presidential election, is a sign of brazen confidence

New Delhi looks to energy stake sales
2010-09-06 17:25:39 from FT.com - Energy Utilities Mining
India is planning sell minority holdings in two of its largest oil companies by March, a move that would help it raise more than $5bn

National Grid suffers US power failure
2010-09-06 16:59:37 from Utilities - Telegraph
An inquiry into executives' expenses by US regulators puts pressure on the British utility over its strategy in the world's biggest economy.

US coal
2010-09-06 16:58:00 from FT.com - Energy Utilities Mining
The fuel's price could rise enough to make it more expensive than gas

German groups agree €30bn nuclear deal
2010-09-06 11:51:37 from FT.com - Energy Utilities Mining
Germany's four big power companies are to pay the Berlin government a total of €30bn to extend the phase-out of the country's nuclear power stations by up to 12 years

'Floating Chernobyls' to hit the high seas
2010-09-06 09:03:50 from Energy - Telegraph
"Floating Chernobyls-in-waiting" are coming to a sea near you after a major international agreement was signed last week, according to critics of nuclear power.

National Grid chairman to step down
2010-09-06 04:00:08 from FT.com - Energy Utilities Mining
Sir John Parker intends to stand down from his role at the utility group at the end of next year and the list of candidates to succeed him is expected to include some current board members

Flexitricity aims to bolster power grid
2010-09-06 03:27:37 from FT.com - Energy Utilities Mining
Scottish start-up believes that private industry, by selling spare electricity to the National Grid through the use of the company's patented technology, can make millions of pounds annually

Jubilant Energy to raise exploration cash
2010-09-05 22:44:20 from FT.com - Energy Utilities Mining
Oil and gas exploration arm of Indian group to seek $160m from London's junior market over the next few months to fund prospecting in north-east India

US authorities seize BP's blowout preventer
2010-09-05 22:15:11 from Energy - Telegraph
There was a touch of legal drama in the Gulf of Mexico oil disaster yesterday. The 350 tonne, 50 feet high blowout preventer that should have prevented the explosion in the BP oil well, was effectively placed under "arrest" by US authorities.

Water chief's pay leaps by a third
2010-09-05 21:30:21 from Utilities - Telegraph
The boss of United Utilities, Britain's largest listed water company, has seen his pay rise by one third against a backdrop of cost-cutting, it has emerged.

Rosneft appoints technocrat president
2010-09-05 20:35:13 from FT.com - Energy Utilities Mining
Rosneft executive Eduard Khudainatov has been picked by Russian president Dmitry Medvedev to replace Sergei Bogdanchikov as head of the country's top oil producer

National Grid in $26m US inquiry
2010-09-04 23:08:47 from Utilities - Telegraph
Electricity group accused of trying to charge consumers $26m in excessive costs, including expenses for school fees and transport of wine collection.

BP raises suspect safety valve
2010-09-04 22:45:46 from Energy - Telegraph
The safety device that should have helped prevent the Gulf of Mexico oil spill was being raised to the surface late last night.

New facility helps reduce CO2 emissions in the east of England
2010-09-04 01:15:31 from Energy Saving Trust

Report key for Dana bid defence
2010-09-03 23:33:12 from FT.com - Energy Utilities Mining
The UK oil explorer finalises a third-party valuation report that it hopes will force Korea National Oil Corp to raise its £1.87bn hostile takeover offer

Disquiet over ENRC's purchase of Congo assets
2010-09-03 21:13:50 from FT.com - Energy Utilities Mining
Anger is growing among London's investor community over the decision by Eurasian Natural Resources Corp, the London-listed Kazakh miner, to buy a disputed copper project in the Democratic Republic of Congo

Petrobras prepares to raise $75bn
2010-09-03 20:02:04 from FT.com - Energy Utilities Mining
Petrobras, Brazil's national oil company, is preparing to raise as much as R$55bn from minority shareholders in one of the biggest capital market transactions

Beijing eyes counterbid for PotashCorp
2010-09-03 19:14:26 from FT.com - Energy Utilities Mining
The Chinese government has backed Sinochem, the state-owned chemicals giant, to pursue a counterbid that could trump BHP Billiton's $39bn hostile offer for PotashCorp

Goldcorp in C$3.6bn offer for Andean
2010-09-03 18:29:25 from FT.com - Energy Utilities Mining
Canada's Goldcorp has launched a C$3.6bn (US$3.4bn) cash-and-stock takeover offer for Andean Resources, trumping a C$3.4bn bid made public only hours earlier by Eldorado Gold, another Canadian miner.

BP spill costs still $90m a day after oil leak sealed
2010-09-03 18:09:55 from Energy - Telegraph
BP's Gulf of Mexico oil spill is still costing the oil giant $90m (£58m) a day, despite the fact that the leak was stopped a month ago.

Japan toughens sanctions against Iran
2010-09-03 16:55:34 from FT.com - Energy Utilities Mining
Tokyo has tightened its sanctions against Iran, banning new investment in energy development, restricting financial dealings and freezing the assets of people and institutions linked to Tehran's 'nuclear activities'

BP disaster costs rise to $8bn
2010-09-03 09:10:44 from FT.com - Energy Utilities Mining
The oil group said the costs associated with the Gulf of Mexico oil spill have risen by $2bn in the last month to $8bn and that it expected the relief well currently under construction to be completed by mid-September

BP oil spill costs rise to $8bn
2010-09-03 09:03:22 from Energy - Telegraph
Another oil rig has exploded in the Gulf of Mexico - just over four months since BP's Deepwater Horizon catastrophe.

Aviva hangs on but Spice heads for Cinven
2010-09-03 03:26:27 from FT.com - Energy Utilities Mining
A top shareholder has signalled it would wait for a better takeover bid even as the UK utility services company's board said it was minded to back the private equity group's £364m approach

BP tells US regulator of oil spill lessons
2010-09-03 01:19:29 from FT.com - Energy Utilities Mining
The energy group has told the US drilling watchdog that systems for responding to oil spills have been improved as a result of lessons learnt from the Gulf of Mexico accident

Construction begins on south-west's largest wind farm
2010-09-03 01:15:39 from Energy Saving Trust

Wind farm construction gathers pace
2010-09-03 01:15:34 from Energy Saving Trust

Statoil paves way for IPO of filling stations
2010-09-02 23:47:35 from FT.com - Energy Utilities Mining
Norwegian energy group is pushing ahead with the planned spin-off of its international chain of filling stations as it sharpens focus on oil and gas exploration

Kosmos considers $5bn listing in UK or US
2010-09-02 23:28:04 from FT.com - Energy Utilities Mining
Blackstone and Warburg Pincus, the US private equity owners of the the Texas-based oil exploration company that operates Ghana's large Jubilee oil field, are studying an alternative to the collapses $4bn deal with ExxonMobil

Petrobras looks to raise $25bn with share issue
2010-09-02 22:26:59 from FT.com - Energy Utilities Mining
Brazil's national oil company is due to release details of the transaction, which would help fund an ambitious $224bn capital expenditure plan for 2010 to 2014

Rockhopper execs collect early bonuses after Falklands oil find
2010-09-02 21:12:23 from Energy - Telegraph
Rockhopper has awarded almost £1m in early bonuses to four executives after finding oil in the Falkland Islands - before key tests on the flow have been completed.

Second Gulf of Mexico rig explodes and 'leaks oil into ocean'
2010-09-02 20:53:33 from Energy - Telegraph
Another oil rig has exploded in the Gulf of Mexico - just over four months since BP's Deepwater Horizon catastrophe.

Eaga looks for 250,000 sunny roofs to power profit
2010-09-02 19:57:16 from Energy - Telegraph
Eaga, the £250m energy efficiency company, said it is in talks to access 250,000 roofs for installing solar panels, as it revealed a 10pc increase in full-year pre-tax profits.

Oil rig explodes in Gulf of Mexico
2010-09-02 18:09:52 from FT.com - Energy Utilities Mining
An oil platform 80 miles offshore in the Gulf of Mexico exploded on Thursday, sparking a rapid search and rescue helicopter response that recovered 13 people, the US Coast Guard said

Spice in advanced takeover talks after Cinven sweetens offer
2010-09-02 14:36:03 from Utilities - Telegraph
Spice, the UK's largest water metering company, has entered advanced takeover talks with Cinven, after the private equity firm increased its offer to fend off rivals.

Wind turbines meet power demand
2010-09-02 01:15:50 from Energy Saving Trust

Offshore wind farm development planned off Scottish coast
2010-09-02 01:15:21 from Energy Saving Trust

Ofgem probes energy suppliers' offers
2010-09-02 00:01:22 from FT.com - Energy Utilities Mining
The industry watchdog has launched an investigation into four big UK energy companies amid concerns over mis-selling, and says it will take 'strong action' if it finds a failure to comply with new obligations

BP ad spend triples since spill
2010-09-01 23:45:19 from FT.com - Energy Utilities Mining
Revelation that oil group spent $93m in three months after catastrophe in Gulf of Mexico likely to inflame tensions with US lawmakers

Spice has second potential buyer
2010-09-01 23:28:06 from FT.com - Energy Utilities Mining
Prospect of a bidding war for the utility services group is seen to intensify

Lessons learnt from spill response
2010-09-01 23:11:59 from FT.com - Energy Utilities Mining
The offshore oil industry should be able to cope better with deepwater accidents in the future in the wake of lessons learnt by BP in how it responded to the Gulf of Mexico spill, according to a report by the UK group

BP ready to publish findings of probe
2010-09-01 23:06:10 from FT.com - Energy Utilities Mining
The UK oil group's internal report into the Gulf of Mexico oil spill will focus on a combination of breakdowns and mistakes in the lead-up to the disaster on April 20

US oil industry protests against drilling moratorium
2010-09-01 19:42:02 from FT.com - Energy Utilities Mining
Thousands of oil industry workers rallied to lift the moratorium on new deepwater drilling in the Gulf of Mexico and try to head off new taxes and punitive measures in the wake of the Deepwater Horizon spill

Rosatom launches global charm offensive
2010-09-01 19:33:50 from FT.com - Energy Utilities Mining
Amid surge in demand for nuclear energy Russia's state-owned atomic power group outlines plans to become a leading international player

BP attacked over $5m a week spend on adverts since oil spill
2010-09-01 19:23:57 from Energy - Telegraph
Troubled oil giant BP has confirmed massive spending on advertising since the Deepwater Horizon disaster and oil spill in the Gulf of Mexico.

ADB plans triple currency bond
2010-09-01 18:36:44 from FT.com - Energy Utilities Mining
The Asian Development Bank plans to finance clean energy projects across the region by selling a bond denominated in three currencies to Japanese retail investors

BP to sell off stakes in Malaysia business
2010-09-01 09:24:06 from FT.com - Energy Utilities Mining
UK energy group is selling stakes in two petrochemical production businesses to Petronas for $363m in cash

Businesses can realise 'massive savings' by going green
2010-09-01 01:15:25 from Energy Saving Trust

Could tidal power play an important role in future energy saving projects?
2010-09-01 01:15:22 from Energy Saving Trust

Flagship field set to double Afren output
2010-09-01 01:12:12 from FT.com - Energy Utilities Mining
Osman Shahenshah, chief executive, says the development of the company's offshore Ebok field will add 35,000 barrels of oil equivalent per day to existing production

Former chief sues Abu Dhabi energy company
2010-09-01 00:08:26 from FT.com - Energy Utilities Mining
The former chief executive of a state-controlled energy company in Abu Dhabi, is suing his former employer, alleging that he was sacked after trying to put a stop to "kickbacks, bribery, accounting fraud and corruption" at the company

Exelon to buy Deere's wind power unit
2010-09-01 00:07:52 from FT.com - Energy Utilities Mining
Exelon, the US's biggest nuclear generator, said it was buying John Deere Renewables to gain a foothold in the wind power industry for as much as $900m