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.

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 Energy - 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 Energy - 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.

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 Energy - Telegraph
National Grid is facing an investigation by United States regulators over allegations it is trying to charge more than $26m in excessive costs to American consumers, including management expenses for private school tuition fees and the transatlantic shipment of a 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.

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

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

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

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

Congo seizes First Quantum Minerals' assets
2010-08-31 22:45:51 from FT.com - Energy Utilities Mining
The Democratic Republic of Congo, the mineral-rich African country, is set to investigate the Toronto and London-listed copper miner for 'suspected wide-scale misconduct'

PotashCorp calls BHP's behaviour unethical
2010-08-31 20:31:11 from FT.com - Energy Utilities Mining
The hostilities between PotashCorp and its suitor BHP Billiton escalated when the Canadian fertiliser producer accused the multinational miner of "highly unethical" behaviour

US wind power
2010-08-31 20:19:18 from FT.com - Energy Utilities Mining
Utilities snap up wind projects as sector growth stalls

EDF puts up electricity prices for 1 million customers
2010-08-31 18:44:00 from Energy - Telegraph
Electricity prices will go up for the first time in two years, after EDF said more than 1 million customers would see their bills increase.

Power industry to re-energise skills
2010-08-31 09:44:55 from Energy - Telegraph
Power companies desperate to attract more young people into the sector are backing a new, industry-wide qualification to improve career progression.

'Green tax will leave public sector worse off'
2010-08-30 20:45:57 from Energy - Telegraph
Public sector organisations could be forced to pay taxpayer money to private business in heavy penalties under controversial new "green tax" legislation.

'Green boiler' scheme could be scrapped over reliability fears
2010-08-30 19:13:41 from Energy - Telegraph
The £27bn tax on heavy industry to fund "green boilers" for 1m British homes is expected to be radically overhauled, amid claims that the devices are expensive and unreliable at keeping houses warm.

Shell's $1.1bn Nigeria pipeline nears finish
2010-08-30 19:06:42 from Energy - Telegraph
Royal Dutch Shell's Nigerian unit "is close to completing" a $1.1bn (£711m) pipeline that will transport 600,000 barrels of crude oil a day to its Bonny export terminal on the country's Atlantic coast.

Offers made for stakes in India's InterGen
2010-08-30 18:22:55 from FT.com - Energy Utilities Mining
India's GMR Infrastructure has received "unsolicited" expressions of interest to buy stakes in its US-based power group InterGen

'Brideshead' house Castle Howard goes green
2010-08-30 09:28:01 from Energy - Telegraph
The owner of Castle Howard, the stately home featured in the television adaptation of Brideshead Revisited, has cut his fuel bill in half by going green.

Wave hub targets sea power
2010-08-29 22:31:31 from FT.com - Energy Utilities Mining
An experiment is about to begin off the Cornish coast in south-west England that could influence the future of wave power generation around the world

Steel glut to hit iron ore price
2010-08-29 22:30:19 from FT.com - Energy Utilities Mining
The price of steelmaking commodities iron ore and coking coal will drop next quarter for the first time in a year as lower steel production forces global miners Vale of Brazil and UK-listed Rio Tinto and BHP Billiton, to offer discounts on their supply contracts

Doubts over Chinese coal-bed methane
2010-08-29 22:22:18 from FT.com - Energy Utilities Mining
China's ambitious targets for the commercial production of coal-bed methane need 'a reality check', according to a consultant's report

Kazakh tax has Western oil firms over a barrel
2010-08-29 20:26:32 from Energy - Telegraph
This month, Britain's BG Group and US oil giant Chevron faced a case of Hobson's choice - either start paying Kazakhstan more than $1m (£650,000) a day in unwarranted export duties, or see their oil and gas exports stopped dead at the border. There are no prizes for guessing which option they took.

Vedanta safety award is withdrawn
2010-08-29 20:17:38 from FT.com - Energy Utilities Mining
Vedanta Resources has been stripped of an international safety award withdrawn on concerns it failed to declare the deaths of 41 workers at an Indian plant

Mining mogul with a mountain to climb
2010-08-29 20:09:50 from FT.com - Energy Utilities Mining
Vedanta Resources' plan to extract bauxite has fallen foul of tribal rights

Obama could kill fossil fuels overnight with a nuclear dash for thorium
2010-08-29 18:55:13 from Energy - Telegraph
If Barack Obama were to marshal America's vast scientific and strategic resources behind a new Manhattan Project, he might reasonably hope to reinvent the global energy landscape and sketch an end to our dependence on fossil fuels within three to five years.

Russia opens China pipeline for Siberian oil
2010-08-29 18:00:32 from FT.com - Energy Utilities Mining
The pipeline, running 67km from Skovorodino in east Siberia to China's north-eastern frontier, is an offshoot of a new oil export route Russia is building to the Pacific Ocean

Berlin debates nuclear power extension
2010-08-29 16:29:55 from FT.com - Energy Utilities Mining
Rainer Brüderle, economics minister, said a government-commissioned report found Germany would benefit most, in terms of energy prices and emissions reduction, if nuclear plants ran an extra 12 to 20 years

BP to admit $1m-a-week advertising spree
2010-08-28 22:01:23 from Energy - Telegraph
BP is set to come under renewed fire from US politicians this week as it reveals it has spent more than $1m (£644,000) a week on television and radio advertising since the April 20 oil explosion in the Gulf of Mexico.

Heritage targets Iraq after Uganda pull-out
2010-08-28 19:26:33 from Energy - Telegraph
Tony Buckingham's right-hand man reveals the oil company's expansion plans

Kazakhmys spends $130m on Astana library
2010-08-28 02:57:48 from FT.com - Energy Utilities Mining
Copper miner discloses the charge for 'major social projects' in its half-year results, saying the money is being used to build the national library in Kazakhstan's capital city

Tullow Oil misses out on Uganda licence
2010-08-27 23:20:02 from FT.com - Energy Utilities Mining
A tax dispute with the Ugandan government has ended TullowOil's hopes of obtaining a licence to develop the Kingfisher oil field

Dana swings back into profit
2010-08-27 09:44:28 from FT.com - Energy Utilities Mining
The oil exploration group swung back back into profit in the first half but delayed its defence against a £1.87bn hostile takeover from Korea National Oil Corp

Dana Petroleum urges shareholders to bide their time over KNOC bid
2010-08-27 08:54:29 from Energy - Telegraph
Dana Petroleum, the oil and gas explorer facing a hostile £1.87bn takeover bid from the Korean National Oil Corporationed, has promised to detail its response by September 8.

Documents hint at BP planning failures
2010-08-27 01:53:56 from FT.com - Energy Utilities Mining
E-mails and other testimony referred to in an investigation into the Macondo accident show that the UK oil group's planning had fallen behind operations on the well that exploded on April 20

Dana delays takeover defence
2010-08-26 23:06:25 from FT.com - Energy Utilities Mining
Dana Petroleum will hold back from announcing the purchase of a package of North Sea assets with its interim results on Friday, in a move to delay South Korea's national oil company launching a raid for the UK oil explorer's shares

Premier plans to double production
2010-08-26 22:42:31 from FT.com - Energy Utilities Mining
The FTSE 250 explorer aims to raise its production to 75,000 barrels of oil equivalent a day by 2012 and up to 100,000 boe/d by 2015

Petropavlovsk suffers 26% fall in gold output
2010-08-26 22:40:41 from FT.com - Energy Utilities Mining
The group opens its third Russian mine, but this positive news contrasted with a grim period of lower production and lower income in the first half of the year

Regional regulator ready for big time on BHP
2010-08-26 22:33:54 from FT.com - Energy Utilities Mining
The Saskatchewan Financial Services Commission may be called on to pass judgment on complex issues such as the validity of PotashCorp's poison pill defence against BHP

$3m paper loss on Svanberg's BP shares
2010-08-26 19:11:29 from FT.com - Energy Utilities Mining
BP's chairman Carl-Henric Svanberg is nursing a paper loss of almost £2m ($3.1m) after the spill in the Gulf of Mexico in April

Bolivia launches ambitious energy plans
2010-08-26 18:27:24 from FT.com - Energy Utilities Mining
Bolivia's energy plans for the next five years are ambitious, no less than an industrial revolution, switching Bolivia from being a net exporter to more added value production, starting with gas derivatives such as fertilisers

HR careers: Interview with Ann Henshaw, HR director at EDF Energy
2010-08-26 18:02:41 from Energy - Telegraph
Invaluable career advice for anyone pursuing recruitment jobs and HR jobs, or for anyone looking to build an HR career.

Nigeria to privatise power generation
2010-08-26 16:11:32 from FT.com - Energy Utilities Mining
Nigerian president Goodluck Jonathan invited foreign investors to join what could be one of Africa's biggest privatisations as the country seeks to sell its power generation and distribution companies

India business wary over nuclear law
2010-08-26 06:38:28 from FT.com - Energy Utilities Mining
India's lower house of parliament approve a draft liability law that the national nuclear power company and industry groups fear will jeopardise the benefits of New Delhi's deal with the US

UK Coal expects return to the black
2010-08-26 02:52:50 from FT.com - Energy Utilities Mining
Pre-tax losses at the country's largest coal miner widen to £93.2m in the first half as weaker revenues reflect a decline in production, but the group says it should to return to profitability next year

New entrant makes a push in carbon capture
2010-08-26 00:02:50 from FT.com - Energy Utilities Mining
A new entrant has applied to the government competition to fund a carbon capture and storage plant, relying on a different form of the technology from other applicants.

Big sporting events power up Aggreko
2010-08-25 20:38:29 from FT.com - Energy Utilities Mining
Contracts for major world sporting and entertainment events help prompt a surge in revenues, profits and dividends at the world's leading supplier of rented electricity generators

Diversification linchpin of BHP's Potash plan
2010-08-25 19:51:37 from FT.com - Energy Utilities Mining
The grand design of BHP's strategy continued to translate from theory to practise, as relative strength in some of its commodities compensated for weakness in others

Indians step back from Cairn counter-bid
2010-08-25 19:50:55 from Energy - Telegraph
Inida's state-run oil companies will not make a counter-bid for Cairn India, freeing Vedanta Resources to complete the $9.6bn (£6.2n) purchase.

Tullow deal with Heritage meets fresh snag
2010-08-25 19:13:56 from FT.com - Energy Utilities Mining
Tullow Oil's attempt to complete a $1.5bn deal with Heritage Oil of Canada is expected to be further delayed until a tax dispute with the government of Uganda is settled

Safety regulator tells nuclear reactor makers to redouble efforts
2010-08-25 18:18:54 from Energy - Telegraph
It is increasingly unlikely that the UK's first nuclear reactors will get full regulatory approval by mid-2011, according to the Health and Safety Executive.

Uganda row delays Tullow drilling despite strong profits
2010-08-25 17:18:19 from Energy - Telegraph
Shares in Tullow Oil dropped 5pc after the Ugandan government withheld approval for its development of giant fields near Lake Albert.

BHP chief's concerns for Rio joint venture
2010-08-25 15:13:39 from FT.com - Energy Utilities Mining
Marius Kloppers' comments indicate that the $116bn Western Australian iron ore joint venture, first proposed 15 months ago, is far from completion

India's nuclear liability plans under fire
2010-08-25 13:57:23 from FT.com - Energy Utilities Mining
India's national nuclear power company and business associations have attacked the government's proposed nuclear liability law, claiming it would jeopardise the benefits of the 2008 civil nuclear deal with the US

BHP Billiton: cash in hand
2010-08-25 13:13:08 from FT.com - Energy Utilities Mining
Results show awesome spending power, but it should not overstretch for Potash

Tullow deal with Heritage hit by fresh snag
2010-08-25 10:27:42 from FT.com - Energy Utilities Mining
Tullow Oil's attempt to complete a $1.5bn deal with Heritage Oil of Canada is expected to be further delayed until a tax dispute with the government of Uganda is settled

International order book boosts Aggreko
2010-08-25 09:02:28 from FT.com - Energy Utilities Mining
Power generator rental group pledged to raise its interim and final dividend by 50% after trading in the first half was underpinned by contracts to supply temporary power to a string of sporting and entertainment events

BHP results underline financial strength
2010-08-25 08:03:36 from FT.com - Energy Utilities Mining
BHP Billiton, the Anglo-Australian miner that last week launched a $39bn hostile bid for Canada's PotashCorp, has reported its second best full-year profit on record fuelled by a strong performance in petroleum and base metals

John Wood upbeat in spite of profit fall
2010-08-25 02:15:01 from FT.com - Energy Utilities Mining
The oil services company reported a 24% drop in first-half profits but also said that a resumption in projects by oil companies gave it confidence for the second half of the year

Russian atomic agency looks to diversify
2010-08-24 22:31:35 from FT.com - Energy Utilities Mining
Rosatom chief executive says it plans to use its proposed majority stake in Canada's Uranium One as the starting point for global diversification

Antofagasta cuts output forecast
2010-08-24 22:19:13 from FT.com - Energy Utilities Mining
The miner changed its copper production prediction to 530,000 tonnes, down from 543,000 tonnes, after delays at its Los Pelambres mine caused by the earthquake in Chile

Jury still out over BHP bid for fertiliser
2010-08-24 20:12:43 from FT.com - Energy Utilities Mining
Saskatchewan residents take very different views of the unfolding battle for control of PotashCorp that was sparked by the $39bn hostile bid from Anglo-Australian BHP Billiton

China's fertiliser needs in view
2010-08-24 20:09:30 from FT.com - Energy Utilities Mining
As all eyes look to China for a possible competing offer for PotashCorp, the country's fertiliser needs are increasingly in the limelight

Korea's KNOC rapped as it rules out raising Dana price
2010-08-24 20:07:02 from Energy - Telegraph
State oil company bidding for Dana Petroleum has been rapped by the Takeover Panel for categorically ruling out raising its £1.87bn offer.

Cairn expects Indian sale to go ahead as Greenland test wells look promising
2010-08-24 19:59:30 from Energy - Telegraph
Sir Bill Gammell, the Cairn chief, believes the sale of key oilfields to Vedanta will go ahead despite warnings from the Indian state.

Sunny outlook for solar panels
2010-08-24 19:51:45 from FT.com - Energy Utilities Mining
A record number of homeowners installed solar panels this month, in a sign of Britons' enthusiasm for domestic renewable energy generation

BHP faces hurdle of shareholder vote
2010-08-24 19:10:29 from FT.com - Energy Utilities Mining
BHP Billiton will be forced to put its hostile bid for Canada's PotashCorp to a shareholder vote if the global mining group has to significantly increase its $39bn offer to win over PotashCorp's investors

Cairn
2010-08-24 17:50:10 from FT.com - Energy Utilities Mining
The potential pay-out from the India deal will be a game-changer

Crackdown on carbon credit scam
2010-08-24 15:43:45 from Energy - Telegraph
Carbon credit trading is to be subject to reverse value-added tax (VAT) charges in a bid to prevent fraud.

India rejects Vedanta mining plan
2010-08-24 10:26:39 from FT.com - Energy Utilities Mining
The environment ministry has rejected a plan by the India-focused mining group to dig for bauxite in an eastern state, saying it violates environment protection laws

Cairn Energy switches focus to Greenland
2010-08-24 10:05:16 from FT.com - Energy Utilities Mining
The Edinburgh-based oil group mapped out the growth potential for Greenland following the planned disposal of a majority stake in its lucrative Indian operation

Xstrata launches $381m deal for Sphere
2010-08-24 07:34:10 from FT.com - Energy Utilities Mining
Coal and base metals miner Xstrata pushed deeper into the iron ore sector with a $381m agreed takeover of Australian-listed Sphere Minerals, which holds magnetite iron ore deposits in Mauritania

Petrofac plans African and Asian expansion
2010-08-23 22:43:39 from FT.com - Energy Utilities Mining
The FTSE 100-listed energy services company has announced plans to expand in Asia and Africa as it seeks to bolster its record contract backlog

PotashCorp warning on BHP strategy
2010-08-23 22:34:27 from FT.com - Energy Utilities Mining
PotashCorp cautions that BHP Billiton has a 'bankrupt strategy' with its plans to run the fertiliser producer at full capacity and break from the industry's marketing cartels if its $39bn hostile takeover bid succeeds

Dana / KNOC
2010-08-23 16:01:44 from FT.com - Energy Utilities Mining
A deal will most probably happen but it's still all to play for on price

Korea pension fund eyes US pipeline stake
2010-08-23 12:29:38 from FT.com - Energy Utilities Mining
World's fourth-largest pension fund is in talks to buy a stake in a US oil pipeline operator as it ratchets up efforts to broaden its international investment

Potash in third-party talks to see off BHP
2010-08-23 12:16:52 from FT.com - Energy Utilities Mining
The Canadian fertiliser group has entered talks with a number of other companies to help bolster its defence against BHP's hostile $39bn offer

BHP in Canadian charm offensive
2010-08-22 22:44:48 from FT.com - Energy Utilities Mining
BHP Billiton will launch its charm offensive in Canada this week, as the mining group seeks to convince Canadian regulators and PotashCorp shareholders of the value in its $39bn (£25.1bn) bid to take over the fertiliser producer

Ministers to help UK energy firms win deals abroad
2010-08-22 21:15:43 from Energy - Telegraph
David Cameron and other ministers will "get out there" lobbying Russia and other oil-rich countries to give UK energy companies new business, says Charles Hendry, the energy minister.

Minister with the energy to bat for Britain
2010-08-22 20:15:46 from Energy - Telegraph
He might be a Cameronite working for a Lib Dem secretary of state, but Britain's Energy Minister has some old-school Tory allegiances. For Charles Hendry's obsession with promoting British industry makes him a self-confessed "Michael-Heseltin-ian" - a man who claims to think "business before breakfast, before lunch, before tea".

Dana aims to convince KNOC to raise offer
2010-08-22 18:46:04 from FT.com - Energy Utilities Mining
Dana Petroleum will this week make a final attempt to convince South Korea's national oil group to raise its £1.87bn takeover offer in return for the blessing of the UK oil explorer's board

Hedge funds to reap £80m from Dana
2010-08-21 22:07:47 from Energy - Telegraph
Hedge funds are poised to make estimated profits of £80m from the Korean state oil company's hostile takeover of Dana Petroleum - which appears to be nearing success.

Lidl set to power trade
2010-08-21 22:05:41 from Energy - Telegraph
Lidl, the cut-price supermarket, is dipping its toes into the world of electricity trading dominated by banks and utilities - as it seeks to deal with increasing energy bill volatility.

ENRC buys into disputed Congo project
2010-08-21 06:05:21 from FT.com - Energy Utilities Mining
The Kazakh mining group expands into Africa with a $175m purchase of a large suite of assets that includes a majority stake in Kolwezi, a copper mine snared in high-profile arbitration

German plea for nuclear power
2010-08-20 22:37:38 from FT.com - Energy Utilities Mining
A phalanx of Germany's business elite that includes the heads of Deutsche Bank, BASF, and Metro urges government to extend the life of the country's 17 nuclear power stations

BP oil leak victims face strings on $20bn spill fund
2010-08-20 21:53:36 from Energy - Telegraph
Victims of the Gulf of Mexico oil spill will waive their right to sue BP staff and the energy major if they take money from the official $20bn (£13bn) compensation fund.

Dana slips from founder's grip
2010-08-20 20:33:09 from FT.com - Energy Utilities Mining
Korean oil group's bold move for the UK company is seen as likely to succeed

KNOC bid for Dana is a rare act of aggression
2010-08-20 20:00:31 from FT.com - Energy Utilities Mining
The move is the first time an Asian state-run company has taken a bid directly to shareholders in a foreign country with hostile deals being extremely rare in the region

Resource demand spurs M&A deal surge
2010-08-20 18:50:14 from FT.com - Energy Utilities Mining
The rise of China and India has sparked a renewed surge in aggressive dealmaking in the resources sector, with more than $50bn in proposed take­overs this week alone

Sinochem pays 'close attention' to Potash
2010-08-20 13:09:05 from FT.com - Energy Utilities Mining
Chinese-state owned chemical group said it would 'pay close attention' to BHP Billiton's $39bn hostile bid for PotashCorp, adding that it was 'interested in overseas potash investment opportunities'

KNOC launches hostile bid for Dana
2010-08-20 08:28:19 from FT.com - Energy Utilities Mining
KNOC of South Korea launches a landmark £1.87bn hostile takeover offer for Dana Petroleum after shareholders owning almost half of the UK oil explorer offered their support

Rio vows to push ahead with iron ore venture
2010-08-20 07:46:04 from FT.com - Energy Utilities Mining
Tom Albanese, chief executive of Rio Tinto, insists the miner would push ahead with its controversial Australian iron ore joint venture with BHP Billiton

Essar FD resigns two months after float
2010-08-20 07:19:29 from Energy - Telegraph
The British finance director of Essar Energy has resigned after just five months in the job, as the newly listed Indian company saw its profits drop by a quarter.

Dana targeted for hostile bid
2010-08-19 23:24:28 from FT.com - Energy Utilities Mining
South Korea's national oil company is on the brink of launching a £1.67bn hostile takeover bid for Dana Petroleum that could be announced as early as Friday

PotashCorp chief in line for $370m
2010-08-19 20:28:49 from FT.com - Energy Utilities Mining
The chief executive of PotashCorp stands to make at least $370m if BHP Billiton succeeds in taking over the company for $130 a share and possibly more if market expectations of a rising offer price prove accurate

China chiefs split top roles in push for board independence
2010-08-19 18:57:14 from FT.com - Energy Utilities Mining
Two of the most senior managers at Chinese state-owned enterprises resign from their chief executive posts, the latest in a series of moves separating the roles of CEO and chairman

CNOOC's Fu to step down as chief executive
2010-08-19 18:05:09 from FT.com - Energy Utilities Mining
Fu Chengyu resigns from his position as CNOOC's chief executive, in a sign that he is gradually stepping aside to make way for new leadership of China's largest offshore oil and gas company

Essar Energy profits slide
2010-08-19 13:08:32 from Energy - Telegraph
Essar Energy, the Indian group whose flotation this year was the largest in London for three years, reported a sharp drop in first-half profits.

Essar Energy first-half profits drop 34%
2010-08-19 09:30:00 from FT.com - Energy Utilities Mining
The Indian power and energy group reported a 34% fall in first half profits in its first set of interim results since it listed in London earlier this year

Exxon abandons bid for Ghana stake
2010-08-18 23:16:27 from FT.com - Energy Utilities Mining
ExxonMobil, the world's biggest western oil company, has given up trying to acquire a share of Ghana's giant Jubilee oil field from Kosmos, the American oil company

BHP / PotashCorp
2010-08-18 17:58:48 from FT.com - Energy Utilities Mining
It is hard to escape the impression that the miner is overpaying

ENRC boosted by China stimulus spending
2010-08-18 12:05:53 from FT.com - Energy Utilities Mining
The Kazakh miner announces bumper profits

BP's cash drive
2010-08-18 11:47:10 from FT.com - Energy Utilities Mining
Extraordinary move marks a permanent shift to a more cautious future

BHP turns hostile with $39bn Potash bid
2010-08-18 09:51:59 from FT.com - Energy Utilities Mining
The Anglo-Australian miner launched a direct offer to PotashCorp's shareholders, valuing the world's largest fertiliser group at $39bn

Blackstone buys $300m Indian power stake
2010-08-18 09:01:33 from FT.com - Energy Utilities Mining
The private equity group is to invest $300m in exchange for a significant minority stake in Indian power developer Moser Baer, marking its second energy deal in as many months in the country

US oil speculators fined for $100-a-barrel "vanity trade"
2010-08-18 06:46:47 from Energy - Telegraph
US regulator fines oil traders $12m for 'famed' bet that pushed oil above $100 a barrel for the first time in 2008.

Dana in talks over £200m North Sea deal
2010-08-17 22:51:04 from FT.com - Energy Utilities Mining
Dana Petroleum is in talks to acquire a package of UK assets from Canada's Suncor, its second large acquisition this year

Argentina orders oil companies to cut fuel prices
2010-08-17 21:38:38 from FT.com - Energy Utilities Mining
Argentina's government, which has long been fighting a losing battle against inflation by trying to control prices, ordered oil companies and petrol stations to restore fuel prices to their levels at the end of July

Melrose Resources opens new fields in Bulgaria
2010-08-17 21:37:01 from FT.com - Energy Utilities Mining
The oil and gas group expects to receive a boost when the first of two Bulgarian fields begins production as the extra income will help pay down the company's $459m of net debt

Pretoria moves to allay mineral rights concerns
2010-08-17 21:00:10 from FT.com - Energy Utilities Mining
South Africa attempts to calm investor fears over several controversial awards of mineral rights, promising measures including an audit of all licences granted in the past six years

Hunting buys Innova-Extel
2010-08-16 21:05:39 from FT.com - Energy Utilities Mining
The oil services group acquires Innova-Extel for $125m in an all-cash offer to bolster its offshore oil service range in Asia and the North Sea

Alarm at Vedanta's drive for diversity
2010-08-16 20:41:18 from FT.com - Energy Utilities Mining
Critics question the rationale of entering a non-metals commodity business at a price that would add more than $6bn in debt to the balance sheet

Cairn's Indian exploration bet pays off
2010-08-16 20:20:14 from FT.com - Energy Utilities Mining
Cairn India's most important asset is the Mangala field in Rajasthan, which was the country's largest oil find in 22 years when it was discovered in January 2004

Plan to relieve Macondo well pressure
2010-08-16 19:12:59 from FT.com - Energy Utilities Mining
US government officials are considering installing a new blowout preventer – the stack of valves intended to stop oil and gas escapes – into BP's ruptured well in the Gulf of Mexico

BP raises $5bn in loans from oil revenue
2010-08-16 19:00:01 from FT.com - Energy Utilities Mining
BP has raised $5bn in new loans by pledging revenues from oil sales for the first time in a bid to bolster its liquidity following the Gulf of Mexico spill

Vedanta under fire over Orissa mine
2010-08-16 18:41:55 from FT.com - Energy Utilities Mining
Plans by India's largest mining company to build a controversial bauxite mine in the eastern state suffered a serious setback when a government panel accused it of 'total contempt for the law' and recommended against giving permission for the mine to go ahead

Ceramic Fuel wins A$3.9m in lawsuit
2010-08-16 17:48:54 from FT.com - Energy Utilities Mining
Ceramic Fuel Cells, the Aim-quoted developer of a domestic micro heat and power boiler, is to receive about A$3.9m (£2.2m) from a legal action against its former investment adviser

Vedanta to take Cairn India stake
2010-08-16 09:25:31 from FT.com - Energy Utilities Mining
Vedanta Resources, the London-listed Indian mining group, is to take a majority stake in Cairn India for up to $9.6bn in a deal that would give it control of one of India's biggest onshore energy assets

Who is Anil Agarwal?
2010-08-16 09:13:19 from Energy - Telegraph
Anil Agarwal founded Vedanta Resources in 1976 and is one of India's richest men.

Sheffield Forgemasters' expansion into nuclear power may go ahead if Government loan is approved
2010-08-15 23:05:03 from Energy - Telegraph
Sheffield Forgemasters' controversial publicly-financed expansion into nuclear power could still go ahead if a loan is approved from the Government's £1bn regional growth fund, the city council has said.

Vedanta finalises plans over Cairn India
2010-08-15 19:44:37 from FT.com - Energy Utilities Mining
India's largest mining company is putting the finishing touches to a plan to take a 51 per cent stake in Cairn India, a subsidiary of British oil explorer Cairn Energy

Renewable energy is the cash crop of the future for British farmers
2010-08-14 22:32:24 from Energy - Telegraph
There's a new beast on the loose in the countryside.

We have to create a more local, decentralised energy system
2010-08-14 22:32:10 from Energy - Telegraph
When David Cameron became Prime Minister he pledged that the new Coalition would be the greenest government ever. As Climate Change Minister my job is to help deliver this promise.

Britain is struggling to power the nuclear revolution
2010-08-14 22:30:18 from Energy - Telegraph
About 40km south of Beijing, some of the world's most exciting science is splitting atoms in pursuit of the nuclear physicist's Holy Grail - the tiny, cheap reactor.

Will China leapfrog France as a nuclear superpower?
2010-08-14 22:30:14 from Energy - Telegraph
Enthusiasm for nuclear power is growing across the globe and China intends to be the world's biggest domestic producer and a key international supplier.

School leavers 'not interested' in engineering career
2010-08-14 21:05:42 from Energy - Telegraph
Hopes that the UK can develop a green energy industry are under threat because school leavers are not interested in engineering, the country's leading power companies have warned.

BP presses on with 'risky' relief well, as Alabama sues over oil spill
2010-08-13 23:27:30 from Energy - Telegraph
BP to keep drilling relief well aimed at sealing its Gulf of Mexico leak - despite fears that opening up the hole again could do more harm than good.

Fund pulls plug on utility bail-outs
2010-08-13 23:02:30 from FT.com - Energy Utilities Mining
Invesco Perpetual warns utility companies that it will refuse to bail them out if they are forced to turn to the market to raise equity as a result of a harsher regulatory regime

Dynegy
2010-08-13 22:42:14 from FT.com - Energy Utilities Mining
Despite creating zero value in his tenure, the chief is no failure

Oil price slides below $75 a barrel
2010-08-13 22:39:25 from Energy - Telegraph
The oil price dropped below $75 on Friday after Opec's Monthly Oil Report predicted low demand growth by historical standards for 2011 on the back of a slight slowdown in world GDP growth.

Third Aim oil group hits back at chatrooms
2010-08-13 21:38:56 from FT.com - Energy Utilities Mining
Empyrean Energy, an oil explorer with operations in the US, investigates multiple cases of internet chatroom users posting defamatory comments about the company and its management

Business begs for more time to comply with new green tax
2010-08-13 16:17:18 from Energy - Telegraph
Businesses are pleading for more time to prepare for a new green tax after it emerged that the deadline is sooner than expected and costs could reach £500,000 over the next five years.

Oil spill: BP well may not need 'bottom kill'
2010-08-13 09:26:17 from Energy - Telegraph
BP may not need a relief well to drill into the bottom of its ruptured Gulf of Mexico well if a test shows last week's top kill has worked.

Aquarius Platinum to boost output
2010-08-12 22:29:12 from FT.com - Energy Utilities Mining
South Africa-based miner will increase production by 100,000 ounces next year to meet rebounding demand from the car industries in Europe and Japan

KNOC signals intent as Dana spurns advances
2010-08-12 22:27:51 from FT.com - Energy Utilities Mining
South Korea's national oil company signalled it was willing to launch a $1.7bn hostile takeover for the UK oil company

Gulf fishermen put BP on the hook for losses
2010-08-12 22:22:54 from FT.com - Energy Utilities Mining
States most affected by the oil spill want the company to pay to help rebuild livelihoods

BP caves in over record $50m fine for Texas safety failings
2010-08-12 20:56:56 from Energy - Telegraph
BP has agreed to pay a record $50m fine for failing to fix alleged safety problems at its Texas City refinery after a 2005 explosion that killed 15 men.

Koreans may go hostile after Dana rejection
2010-08-12 20:12:35 from Energy - Telegraph
Dana Petroleum has risked the wrath of its largest shareholders by rejecting a £1.7bn approach from the Korean state oil company.

Centrica agrees £229m deal to buy Canadian gas assets
2010-08-12 18:34:57 from Energy - Telegraph
Britain's biggest energy supplier, Centrica, is to buy natural gas assets in Canada from Suncor Energy in a C$375m (£229m) deal.

Companies face further fines under new 'green tax'
2010-08-12 16:38:25 from Energy - Telegraph
The Environment Agency has been accused of leaving businesses open to further fines under a new 'green tax' by asking companies to register their carbon footprint even if it is not accurate.

Dana and KNOC talks hit an impasse
2010-08-12 14:15:22 from FT.com - Energy Utilities Mining
Shares in the FTSE 250 listed oil exploration company fell more than 10% after it failed to agree terms for a £1.7bn takeover by Korea National Oil Corporation

Vedanta in talks to buy Cairn India stake
2010-08-12 13:45:42 from FT.com - Energy Utilities Mining
Vedanta, India's biggest mining group, is in talks with Cairn Energy to take a substantial stake in its Indian-listed subsidiary. The discussions, if successful, would mark its entry into the oil sector

Dana Petroleum talks with Korea's KNOC stall
2010-08-12 09:40:40 from Energy - Telegraph
Dana Petroleum, the British oil explorer, said talks on a possible takeover has stalled after the Korea National Oil Corp (KNOC) refused to raise its offer from £18 a share.

Centrica boosts gas reserves with Suncor deal
2010-08-12 09:25:14 from FT.com - Energy Utilities Mining
British Gas owner to buy 97 natural gas wells and 42,000 acres of land in western Canada in a deal that will help vertically integrate its North American operation

S Koreans closer to £1.7bn Dana takeover
2010-08-12 02:09:57 from FT.com - Energy Utilities Mining
The oil explorer's board is expected to decide this week about a response to KNOC's £18 per share bid, and is likely to provide it with detailed information about the company, people close to the talks say

BP revenues to secure fund for damages
2010-08-12 01:27:23 from FT.com - Energy Utilities Mining
British oil group's US earnings will go towards the $20bn pot for victims of the Gulf of Mexico spill, and will serve as an incentive to let it continue drilling

Spill claims to test limits of BP's liability
2010-08-12 00:53:17 from FT.com - Energy Utilities Mining
A swathe of oil disaster lawsuits sent to a New Orleans court could have a multibillion-dollar impact on the UK company's finances and a wider effect on the offshore US energy industry

Eon's warning on energy policy
2010-08-11 22:45:46 from FT.com - Energy Utilities Mining
Group's cricicism comes at sensitive time for government with its plan for an 'energy concept'

BP dividend 'will resume in February' after oil spill suspension
2010-08-11 21:59:12 from Energy - Telegraph
One of BP's British shareholders has thrown its sizeable weight behind the troubled oil giant, predicting dividend payments will resume as early as next February.

Lonmin settles South Africa dispute
2010-08-11 21:33:44 from FT.com - Energy Utilities Mining
The London-listed miner has resolved its row with the South African government over the right to mine and sell minerals found at its showpiece platinum mining operation

Rusal takes Norilsk dispute to court
2010-08-11 20:22:54 from FT.com - Energy Utilities Mining
Oleg Deripaska's UC Rusal is taking its dispute with Vladimir Potanin's Interros holding company to a London arbitration court as it seeks to regain parity on the board of Norilsk Nickel, the world's biggest nickel producer

Oil prices fall as IEA predicts recovery will slow next year
2010-08-11 18:49:00 from Energy - Telegraph
Oil prices fell on Wednesday after the International Energy Agency (IEA) warned of risks to demand as it predicted a slowdown in the global recovery.

IEA warns of Gulf spill effect on new oil supplies
2010-08-11 14:50:10 from FT.com - Energy Utilities Mining
BP's oil spill in the Gulf of Mexico has placed the ability of the industry to find important new oil supplies on a "knife-edge", the International Energy Agency, the rich country's watchdog, warned

Iran hit by tough fuel sanctions
2010-08-11 13:22:08 from FT.com - Energy Utilities Mining
Tougher sanctions imposed by the EU and US on Iran led to a halving of the country's gasoline imports last month, according to the International Energy Agency

ArcelorMittal re-enters Africa mine project
2010-08-11 06:19:45 from FT.com - Energy Utilities Mining
The group has secured its re-entry into the Sishen project with the R800m acquisition of Imperial Crown Trading, which owns a stake in the continent's biggest iron ore mine

Oil spill: BP nears deal to continue drilling in Gulf of Mexico
2010-08-10 23:33:40 from Energy - Telegraph
BP was on Tuesday night close to safeguarding its future in the Gulf of Mexico as it neared a break-through deal aimed at smoothing relations with the Obama administration.

Questor share tip: Cape is up 327pc but remains a buy
2010-08-10 23:23:18 from Energy - Telegraph
Cape has been a Questor success story, with the shares up 327pc since they were tipped in March last year. However, it has been quite a volatile ride for investors.

Repsol's IPO of Brazilian unit on track
2010-08-10 22:42:52 from FT.com - Energy Utilities Mining
The Spanish oil and gas group has filed a preliminary document with securities regulators, marking the first stage in the listing process which could value the Brazilian business at $4bn

Business facing a wave of green taxes
2010-08-10 22:28:54 from Energy - Telegraph
Thousands of British businesses will be liable for significant fines and charges under a new government "green tax" scheme.

BP spill suits to be heard in New Orleans
2010-08-10 22:20:02 from FT.com - Energy Utilities Mining
Judges' allocation of 77 cases to a jurisdiction near the 'geographic and psychological' heart of the disaster means BP faces the possibility of a more hostile jury and a bigger pay-out than in its own preferred venue of Texas, legal experts say

Phil Cox to stay in charge as GDF agrees International Power tie-up
2010-08-10 21:53:22 from Energy - Telegraph
Phil Cox, the chief executive of International Power, will pick up a £1m cash windfall and continue to lead the company, after confirming its takeover by GDF Suez.

Patience pays off for GDF-Suez
2010-08-10 19:59:27 from FT.com - Energy Utilities Mining
The International Power deal allows the French group to achieve its goal of 100GW of electricity generating capacity two years ahead of schedule and will create the world's largest utility

International Power sweetens GDF Suez merger with £1.4bn cash for investors
2010-08-10 10:20:05 from Energy - Telegraph
British power producer agrees merger with France's GDF Suez, sweetening the deal with a special dividend.

Int Power owners set for £1.4bn windfall
2010-08-10 09:30:51 from FT.com - Energy Utilities Mining
International Power shareholders are set to receive a 92p-per-share special dividend after agreeing to a reverse takeover by France's GDF Suez that would create one of the world's biggest independent power generators

GDF / International Power
2010-08-09 23:38:47 from FT.com - Energy Utilities Mining
The French just love the UK power game

Anadarko looks beyond spill with $2bn issue
2010-08-09 23:24:17 from FT.com - Energy Utilities Mining
BP's US oil partner is launching a sale of seven-year bonds, the proceeds of which will be used to refinance bank debt, highlighting renewed confidence in the sector

Higher oil prices lift Dragon despite dip
2010-08-09 22:23:32 from FT.com - Energy Utilities Mining
Higher oil prices helped to offset subdued interim production growth at Dragon Oil, the London-listed company with operations focused on Turkmenistan

International Power and GDF boards approve deal
2010-08-09 22:18:50 from FT.com - Energy Utilities Mining
Merger to pave the way for the creation of one of the world's biggest independent power generators with estimated sales of €13.5bn

BP's $6bn oil spill cost is two-thirds higher than 'worst-case scenario'
2010-08-09 21:57:28 from Energy - Telegraph
BP's clean-up costs for the Gulf of Mexico have now reached $6.1bn (£3.8bn) - two-thirds higher than the worst case scenario cited in June by Tony Hayward, its chief executive.

Sicilians mobilise against offshore drilling
2010-08-09 20:52:10 from FT.com - Energy Utilities Mining
With concerns heightened by BP's disaster in the Gulf of Mexico and its plans to start deep-sea drilling off nearby Libya, Sicily's parliament and regional authority have voiced strong objections to Italy's central government, while a dozen mayors are to meet this week to prepare a joint protest to Rome

Dragon oil profits rise by a third on high oil price and output
2010-08-09 18:04:39 from Energy - Telegraph
Profits have increased by a third at Dragon Oil, the £2bn explorer whose small shareholders defeated a takeover attempt by its majority owner at the end of last year.

BP pays $3bn into oil spill fund
2010-08-09 16:43:08 from Energy - Telegraph
BP makes its initial deposit into a $20bn US-managed fund to compensate victims of Gulf of Mexico oil spill as cost of clean-up tops $6bn.

Whole buildings could become solar panels
2010-08-09 15:50:51 from Energy - Telegraph
Whole buildings - including their windows - could potentially become solar power generators thanks to new technology.

BP relief well seven days away from intercept, oil spill costs rise above $6bn
2010-08-09 08:25:06 from Energy - Telegraph
BP expects its first relief well to intercept the now plugged Macondo well in the Gulf of Mexico within seven days as the cost of its response to the spill rose above $6bn (£3.8bn).

Online chatroom rumours under scrutiny
2010-08-09 03:02:36 from FT.com - Energy Utilities Mining
Two Aim-quoted oil companies are investigating rumours spread by anonymous users in bulletin boards, highlighting the influence of the websites on the smaller end of the London stock market

Low-carbon investment at risk, warn employers
2010-08-09 00:02:11 from FT.com - Energy Utilities Mining
Uncertainty about planning leaves investors wary of committing to projects says the report No time to lose: deciding Britain's energy future

BP spill leads to demand for more regulation
2010-08-08 23:52:51 from FT.com - Energy Utilities Mining
The majority of people in the US believe oil companies should be more regulated in the wake of BP's oil spill in the Gulf of Mexico, according to a Harris poll carried out for the Financial Times

BP confirms Gulf of Mexico oil well plug has worked
2010-08-08 22:31:53 from Energy - Telegraph
BP, the embattled oil company, has confirmed that a test on the cementing operation needed to plug its leak in the Gulf of Mexico had been successful.

CBI urges action on energy reform plans
2010-08-08 20:35:30 from Energy - Telegraph
Business leaders have urged the Government to deliver key energy and planning reforms within six months or risk undermining emissions targets and energy security.

Tony O'Reilly Junior out to prove that oil quest is no Irish joke
2010-08-08 20:09:16 from Energy - Telegraph
It's hard not to get infected by Tony O'Reilly Junior's enthusiasm for oil prospecting in the Irish Sea.

International Power set to sign GDF deal
2010-08-08 18:50:12 from FT.com - Energy Utilities Mining
A takeover of International Power by France's GDF Suez would spark a windfall of up to £1.3bn for its shareholders

Patriotic Britons rally round BP
2010-08-08 17:18:07 from FT.com - Energy Utilities Mining
A Harris poll carried out for the Financial Times shows people in the UK have taken a far more benign view of BP's huge spill in the Gulf of Mexico than their international counterparts.

BP sued over dispersant used on spill
2010-08-07 21:48:03 from Energy - Telegraph
BP has been hit by the first personal injury lawsuit which claims that its "toxic" chemicals in the Gulf of Mexico are causing health problems - a move that could lead to a new slew of litigation against the company.

Carbon windfall for EDF
2010-08-07 21:41:35 from Energy - Telegraph
EDF Energy will bank windfall profits of an estimated £350m a year at the expense of British customers, when the Government introduces a new green tax.

Lonmin and Anglo in fight over mine rights
2010-08-06 20:08:33 from FT.com - Energy Utilities Mining
Two of the biggest London-listed mining companies are battling the South African government over its granting of mining rights to small, politically connected companies

Gulf clean-up operation scales down
2010-08-06 19:09:27 from FT.com - Energy Utilities Mining
BP said that it was refocusing its efforts in the Gulf of Mexico on clean-up and restoration, after the plugging and cementing of its Macondo well this week.

Dana meets South Koreans over £1.7bn offer for company
2010-08-06 18:49:06 from Energy - Telegraph
Executives from Dana are locked in talks with their Korean bidders who have offered £1.7bn for the North Sea oil explorer.

Dana meets South Koreaans over £1.7bn offer for company
2010-08-06 18:49:06 from Energy - Telegraph
Executives from Dana are locked in talks with their Korean bidders who have offered £1.7bn for the North Sea oil explorer.

Town halls could become eco-power stations
2010-08-06 10:42:14 from Energy - Telegraph
Electricity could be sold to the national grid by councils under plans to encourage town halls to generate power.

Pressure intensifies on nickel tycoon
2010-08-05 20:48:48 from FT.com - Energy Utilities Mining
The withdrawal of banks from a loan discussion highlights the uncertainty surrounding Vladimir Potanin's battle with Oleg Deripaska for control of Norilsk Nickel

Ferrexpo to double iron ore output
2010-08-05 20:45:35 from FT.com - Energy Utilities Mining
The Ukraine-based iron ore miner plans to double ore output by 2013 to meet rising demand in China and Europe

EDF deal shows Li's faith in the old order
2010-08-05 20:17:13 from FT.com - Energy Utilities Mining
The decision of Li Ka-shing to buy the UK electricity distribution business of France's EDF was drawn by parallels with HK's own common law-based legal system, which provides a solid basis for business

New spat over BP Macondo disaster
2010-08-05 19:59:38 from FT.com - Energy Utilities Mining
Transocean, the world's largest offshore drilling company, says that its contract with the UK oil group largely protected it from penalties and liabilities for damage from the spill

BP pumps in cement to secure 'bottom kill'
2010-08-05 17:48:41 from FT.com - Energy Utilities Mining
BP began pumping cement into the Macondo well after the US government ordered that nothing be left to chance in ending the world's biggest offshore oil spill

Investors urge oil spill action plans
2010-08-05 05:19:30 from FT.com - Energy Utilities Mining
Stakeholders managing over $2,500bn in assets press chief executives at 26 energy companies to disclose their spill prevention and response plans for offshore operations

Gulf clean-up process to take months
2010-08-04 23:23:27 from FT.com - Energy Utilities Mining
BP appears finally to be on the front foot in its efforts to combat the Gulf of Mexico oil spill, but its work is far from over and the clean-up operation will take months, if not longer

First Quantum escalates Congo dispute
2010-08-04 22:28:15 from FT.com - Energy Utilities Mining
A Canadian mining company and the World Bank escalated their legal challenge against the Congo on Wednesday, as claims of asset expropriation continued to cloud the African country's investment climate

Damage from BP spill is less than feared
2010-08-04 19:33:35 from FT.com - Energy Utilities Mining
About three-quarters of the oil spilled following the BP explosion in the Gulf of Mexico has evaporated and the rest is being dispersed, the White House said, as it released a new report suggesting that the environmental damage would be nowhere near as severe as first feared

Oil spill: BP hails 'significant milestone' after static kill of Macondo oil well
2010-08-04 09:30:22 from Energy - Telegraph
"Static kill" successfully pushes oil from its damaged Macondo well back into the reservoir 13,000 feet below the Gulf of Mexico.

Deep-water drilling ban may end early
2010-08-04 00:19:38 from FT.com - Energy Utilities Mining
The Obama administration's moratorium on deep-water drilling in the Gulf of Mexico could be lifted earlier than its November 30 expiry date if oil companies could show they had improved their spill containment and response plans, the drilling watchdog said

Forget stealing lead off church roofs. Copper thieves up the ante with chainsaws
2010-08-03 23:33:02 from Energy - Telegraph
The thieves that are making stealing lead off church roofs look passe.

BP looks to rebuild bridges in Russia tie-up
2010-08-03 21:05:11 from FT.com - Energy Utilities Mining
The visit of Bob Dudley, BP's incoming chief executive, in Moscow shows the value of the joint venture to the UK group amid the massive oil spill in the Gulf of Mexico

Drax delays biomass plans as harsh winter boosts profits
2010-08-03 20:42:04 from Energy - Telegraph
Drax, the coal-fired power station company, has delayed its £2bn plan to build three biomass plants amid concerns about their profitability.

BP starts second attempt at plugging oil leak
2010-08-03 20:04:19 from FT.com - Energy Utilities Mining
BP began its second attempt in 24 hours to begin plugging the world's biggest oil spill

Xstrata digs in for organic growth
2010-08-03 19:40:46 from FT.com - Energy Utilities Mining
Increase in copper and gold prices alone added $948m more in operating profits, which were $3.2bn in total for the period

Adani buys Linc coal assets for $2.72bn
2010-08-03 18:47:24 from FT.com - Energy Utilities Mining
India's largest importer of coal acquires reserves from Australia's Linc Energy in a move to meet the country's growing demand for energy as it hopes to reach double-digit growth

BP agrees $1.9bn Colombian sale
2010-08-03 17:10:43 from FT.com - Energy Utilities Mining
The deal with Talisman of Canada and Colombian group Ecopetrol is the latest in a string of divestitures BP has announced as it seeks to raise up to $30bn to pay for its oil spill in the Gulf of Mexico

Talk from the City: RAK Petroleum-DNO International takeover rumours persist
2010-08-03 12:42:14 from Energy - Telegraph
Talk from the City: Here is a little update on the rumour we broke about the potential takeover of Iraqi oil explorer DNO International a couple of weeks ago.

BP leak the world's worst accidental oil spill
2010-08-03 11:47:58 from Energy - Telegraph
The BP spill spewed 4.1m barrels of oll into the Gulf of Mexico over 87 days, making it the biggest unintentional offshore oil spill in the history of the petroleum industry.

Oil price hits three-month high on renewed recovery hopes
2010-08-03 10:57:28 from Energy - Telegraph
Oil prices climbed above $81 a barrel in Asia on Tuesday after surging stock markets and a weaker dollar helped boost crude to nearly a three-month high.

Subsidy reform threatens Drax biomass push
2010-08-03 09:07:53 from FT.com - Energy Utilities Mining
The UK's biggest power station says government changes to subsidies for renewable energy have thrown into doubt its planned massive expansion of the use of the fuel

Kinross to buy Red Back Mining for $7.1bn
2010-08-03 04:13:49 from FT.com - Energy Utilities Mining
The Toronto miner's full acquisition of Vancouver-based Red Back is expected to boost the combined company's gold production to 3.9m ounces by 2015

House move to ban BP from gulf set to fail
2010-08-03 00:22:29 from FT.com - Energy Utilities Mining
BP will probably be able to breathe a sigh of relief and it will have little to do with the leaking oil well in the Gulf of ­Mexico

Potanin's man appointed Norilsk president
2010-08-02 22:54:03 from FT.com - Energy Utilities Mining
Holding company chief joins nickel miner's board, exacerbating divisions between the tycoon and his rival, Oleg Deripaska, whose company Rusal has condemned the move

Final tests go ahead before BP's 'static kill'
2010-08-02 19:43:37 from FT.com - Energy Utilities Mining
BP engineers were conducting final tests before pumping heavy mud into the top of the Macondo well to seal it permanently, more than three months after its rupture led to the worst oil spill in US history

Expert points to window for fossil fuel tax
2010-08-02 18:06:38 from FT.com - Energy Utilities Mining
A carbon levy has become politically feasible, says an Oxford economist, who believes that voters' resistance is being outweighed by the government's urgent need to raise more revenue

Dana Petroleum / KNOC
2010-08-02 14:25:12 from FT.com - Energy Utilities Mining
Independent oil producer's chief is playing a risky game, but it may pay off

BP preparing to seal leaking Gulf of Mexico oil well 'for good'
2010-08-02 04:13:09 from Energy - Telegraph
Engineers are preparing to seal the leaking Gulf of Mexico oil well permanently, three months after a rupture led to the worst oil spill in US history.

S Africans stake claims to Congolese oil
2010-08-01 19:43:31 from FT.com - Energy Utilities Mining
South African prospectors are staking claims to oil proved to exist in vast quantities under Lake Albert on the other side of the disputed border between the Democratic Republic of Congo and Uganda

Dana and KNOC to meet for crucial bid talks
2010-08-01 19:39:13 from FT.com - Energy Utilities Mining
The UK oil explorer prepares to ask Korea National Oil Corporation to raise its £1.7bn takeover approach

Madrid cuts subsidies for solar power plants
2010-08-01 18:23:14 from FT.com - Energy Utilities Mining
Spain will cut the subsidised electricity prices paid to new photovoltaic solar power plants by up to 45%, in a move designed to increase efficiency and cut government spending at a time of austerity

Icelandic geothermal takeover under a cloud
2010-08-01 18:08:31 from FT.com - Energy Utilities Mining
Magma Energy of Canada has threatened to delay or pull out of the biggest foreign investment in Iceland since the country's banking crisis

Dana Petroleum agrees to meet Koreans to discuss £1.7bn deal
2010-07-31 20:37:38 from Energy - Telegraph
The board of Dana Petroleum, the London-listed oil company, has capitulated to shareholder demands and agreed to meet representatives of the South Korean national oil company next week.

Enel appoints banks for green business IPO
2010-07-30 23:15:38 from FT.com - Energy Utilities Mining
Credit Suisse, Goldman Sachs and Mediobanca to list minority stake in renewable energy unit

CKI snaps up EDF Energy Networks
2010-07-30 20:28:52 from FT.com - Energy Utilities Mining
Asia's wealthiest man is to buy the UK electricity distribution business of France's EDF for £5.8bn in what is set to be the biggest European investment by Hong Kong companies on record

Knoc provides proof of funding for £1.7bn deal to buy Dana Petroleum
2010-07-30 19:58:38 from Energy - Telegraph
South Korea's national oil company has sent a letter to Dana Petroleum proving it has the financial firepower to fund a £1.7bn takeover of the London-listed rival.

Moratorium on drilling to hit Chevron output
2010-07-30 19:11:58 from FT.com - Energy Utilities Mining
Chevron said that the moratorium on deep-water drilling in the Gulf of Mexico following the leak from the Deepwater Horizon well had significantly affected its exploration programme and would lead to lost production this year

Dudley visit to mend fences with TNK-BP
2010-07-30 19:11:05 from FT.com - Energy Utilities Mining
Bob Dudley, BP's incoming chief executive, will fly to Moscow to meet shareholders in its Russian joint venture TNK-BP, a visit that will underscore a thawing in relations between the two companies

Li Ka-Shing, Asia's richest man, buys EDF's UK power grids for £5.8bn
2010-07-30 19:08:36 from Energy - Telegraph
LI Ka-Shing, Asia's richest man, has bought EDF's British electricity network business for £5.8bn in a deal that will see its £500m pension deficit for UK workers reduced by a quarter.

BP cuts back oil spill clean-up as it prepares to 'kill' leak
2010-07-30 18:04:10 from Energy - Telegraph
BP has begun scaling back its efforts to clean up oil in the Gulf of Mexico after its giant spill at the "right time", according to incoming chief executive Bob Dudley.

Vale boosted by iron ore pricing overhaul
2010-07-30 15:27:33 from FT.com - Energy Utilities Mining
A doubling in the price of the metal after a shift to quarterly contracts helps the Brazilian miner deliver a healthy rebound in the second quarter

Salar de Uyuni: Bolivia has half of the world's known reserves of lithium
2010-07-30 14:22:54 from Energy - Telegraph
Bolivia has about half of the world's known reserves of lithium.

CKI drawn by UK's regulatory framework
2010-07-30 13:03:15 from FT.com - Energy Utilities Mining
The energy and water group controlled by billionaire Li Ka-shing says the UK's regulatory environment has been a significant factor in its approach for EDF's electricity networks business in the UK

Hong Kong billionaire Li Ka-Shing bids for UK electricity network
2010-07-30 09:06:51 from Energy - Telegraph
Hong Kong billionaire Li Ka-Shing has offered to buy an electricity network that serves more than 7 million people in and around London for £5.8bn.

Anglo reinstates dividend after two-year break
2010-07-30 08:25:27 from FT.com - Energy Utilities Mining
The global mining group is resuming dividend payments after a two-year hiatus, but warns that a key iron ore project in Brazil faces further capital expenditure costs and delays

Li Ka-shing pays £5.8bn for UK utility
2010-07-30 00:10:52 from FT.com - Energy Utilities Mining
EDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel

KNOC set to complete bid package for Dana
2010-07-29 23:51:07 from FT.com - Energy Utilities Mining
Korea National Oil Corporation is close to arranging the loans needed to launch a formal £1.7bn offer for Dana Petroleum as the UK oil explorer battles to convince its shareholders to push for a higher offer

Pipeline leak deals blow to Canada's oil sands industry
2010-07-29 23:32:26 from FT.com - Energy Utilities Mining
Canada's oil sands industry is trying to defuse a fresh public relations headache after a ruptured pipeline spilled about 4m litres of Alberta crude into waterways in southern Michigan

Forgemasters set Cable nuclear deadline
2010-07-29 23:23:18 from FT.com - Energy Utilities Mining
Sheffield Forgemasters will warn the business secretary it will ditch an ex­pansion into nuclear pow­er unless the government helps fund the project

Chinalco and Rio sign $1.35bn Guinea deal
2010-07-29 20:10:38 from FT.com - Energy Utilities Mining
Pact allows the Chinese state-owned miner to buy in to a rich iron ore project in Guinea, in a move that places both mining companies at the centre of multi-billion-dollar scramble for west Africa's iron ore

European heavyweight results impress
2010-07-29 19:12:55 from FT.com - Energy Utilities Mining
Industrial companies have led the recovery after a crushing fall in earnings last year

Shell: There's life in Big Oil yet
2010-07-29 16:30:51 from FT.com - Energy Utilities Mining
Group is more streamlined and profitable, but still has room to improve

High oil prices buoy Repsol results
2010-07-29 15:26:19 from FT.com - Energy Utilities Mining
Spanish energy group reveals a 39 per cent year-on-year increase in first-half net profits, buoyed by higher oil prices and improved refining margins.

Exxon soars on improving energy prices
2010-07-29 15:03:05 from FT.com - Energy Utilities Mining
The biggest US oil company reported a 91 per cent rise in net profit to $7.6bn as its production growth enabled the biggest US oil company to capitalise on improving energy prices.

Statoil profits surge on higher oil price
2010-07-29 10:17:35 from FT.com - Energy Utilities Mining
Norwegian oil and gas group reports a surge in profits during the second quarter as rising oil prices offset continued decline in natural gas prices

Indian mining faces development dilemma
2010-07-29 03:33:18 from FT.com - Energy Utilities Mining
The country is struggling to balance its growing demand for minerals with the rights of tribal groups, who are supposed to have special legal protection against forcible dispossession from their land

Centrica wants guarantee for new plants
2010-07-29 03:22:02 from FT.com - Energy Utilities Mining
The British Gas owner, whose earnings more than doubled at end-June, says energy companies will need more incentives to boost investment in nuclear stations

Areva and EDF told to 'get along'
2010-07-28 23:03:18 from FT.com - Energy Utilities Mining
France's nuclear groups, must end years of bickering and form a strategic partnership to win overseas contracts, the government said

Activists heckle Vedanta over bauxite mine
2010-07-28 22:45:56 from FT.com - Energy Utilities Mining
Vedanta's board defended the company's practices against several human rights groups who packed its annual meeting where activists jeered chairman Anil Agarwal

Energy bills to rise as British Gas profits soar
2010-07-28 20:39:14 from Energy - Telegraph
Profits at British Gas jump but parent company Centrica warns of bill rises this winter.

UK steps up offshore rig inspections as US probe begins
2010-07-28 19:45:40 from Energy - Telegraph
North Sea rigs undergo safety inspections as US begins inspections into Gulf oil spill well.

Conoco to sell stake in Russia's Lukoil
2010-07-28 17:47:20 from FT.com - Energy Utilities Mining
ConocoPhilips said it would sell its entire stake in Lukoil, Russia's second biggest oil producer, as part of continuing efforts to raise funds to repurchase shares and reduce debt

British Gas profits leap thanks to bitter winter
2010-07-28 09:57:29 from Energy - Telegraph
The coldest winter for 30 years helped the UK's biggest energy firm almost double first-half profits.

BG raises dividend 7% despite fall in profits
2010-07-28 09:40:04 from FT.com - Energy Utilities Mining
UK oil and gas group reports 25 per cent decline in second-quarter profit as it writes off the value of a dry well in the North Sea

US senators pare down 'drill and spill' bill
2010-07-28 05:31:16 from FT.com - Energy Utilities Mining
Democrats put forward the Clean Energy Jobs and Oil Company Accountability Act – a shadow of more ambitious versions – in an attempt to craft legislation that might pass a partisan Congress

Ban on new coal-fired power plants without CCS
2010-07-27 23:10:57 from FT.com - Energy Utilities Mining
No new coal-fired power stations can be built in the UK without including carbon capture and storage technology, the government says.

Tullow to start $10bn Uganda development
2010-07-27 23:08:40 from FT.com - Energy Utilities Mining
Completion of the $1.45bn cash acquisition of Heritage Oil's 50% stake in the Lake Albert blocks clears the way for a sale of two-thirds of the project to be split between Total and CNOOC

US examines BP shares as vilified Tony Hayward resigns
2010-07-27 22:07:36 from Energy - Telegraph
BP has admitted that trading in its shares is under investigation in the US.

BP's new boss Bob Dudley strikes a cautious tone
2010-07-27 21:29:53 from Energy - Telegraph
For the past three months, Bob Dudley has quietly watched the man who once beat him to the post of BP chief executive struggle to contain the fallout from the Gulf of Mexico oil spill.

BP analysis: Era of 'Toxic Tony' ends with a fiery salvo
2010-07-27 21:14:03 from Energy - Telegraph
Oil has stopped flowing into the Gulf of Mexico, but departing chief Tony Hayward remains one gusher that BP can't stop.

US renewable energy industry in call for action
2010-07-27 20:51:01 from FT.com - Energy Utilities Mining
In spite of the Obama Administration's pledge to create green jobs, the US renewable energy industry said it had stalled in the absence of strong federal policy, low power demand and bureaucratic funding.

BP chairman Svanberg must prove he was right to dump Hayward
2010-07-27 18:39:03 from Energy - Telegraph
It will be a very different BP that the oil giant's beleaguered chairman Carl Henric Svanberg will find himself selling to investors when he speaks to institutional shareholders over the coming weeks following Tuesday's half-year results.

BP plans $30bn assets sale
2010-07-27 08:35:55 from FT.com - Energy Utilities Mining
Oil major plans to sell assets worth $30bn to meet the costs of its massive oil spill in the Gulf of Mexico and confirms the departure of Tony Hayward, chief executive, as it reports a $17bn loss in its second quarter

Dudley a veteran of shareholder conflicts
2010-07-26 23:57:23 from FT.com - Energy Utilities Mining
When Bob Dudley ran TNK-BP, BP's Russian oil venture, he regularly faced down some of the toughest operators in Russian business

Bob Dudley: a 'straight-talker' who's used to crisis at BP
2010-07-26 23:31:12 from Energy - Telegraph
Bob Dudley's career with BP has not always been easy.

BP breaks the mould as it seeks recovery
2010-07-26 22:53:22 from FT.com - Energy Utilities Mining
Making Bob Dudley chief executive of BP will help to assuage the US

BP oil spill: the rise and fall of Tony Hayward
2010-07-26 22:32:27 from Energy - Telegraph
Tony Hayward promised to put safety first at BP. As he prepares to stand down 100 days after the oil spill, Rowena Mason examines his record.

BP's Russian partners back Bob Dudley to replace Tony Hayward as chief
2010-07-26 21:43:26 from Energy - Telegraph
Tony Hayward expected to move to TNK-BP board, as the disaster-struck oil giant prepares to unveil radical shake-up and impairment charge.

Shake-up at UK Coal leads to two departures
2010-07-26 21:00:06 from FT.com - Energy Utilities Mining
UK's largest coal miner, will now search for an executive chairman as chief executive Jon Lloyd and non-executive chairman David Jones are to depart

Ofgem ovehauls UK energy regulation
2010-07-26 20:37:12 from Energy - Telegraph
Ofgem has laid out proposals to make what it described as the biggest change to energy regulation in 20 years in order to facilitate £32bn of investment in low carbon networks.

Hayward's end just first step for BP
2010-07-26 20:00:38 from FT.com - Energy Utilities Mining
When a company suffers a calamity on the scale of that experienced by BP, some sort of catharsis is needed. Tony Hayward's resignation will go some way to fulfilling this. But it will be nowhere near enough on its own

Ghana's Owo oil find lifts Tullow
2010-07-26 19:45:29 from FT.com - Energy Utilities Mining
UK-listed Tullow Oil announces an oil discovery in Ghana potentially as valuable as the Jubilee field that helped catapult the explorer into the FTSE 100 index

Dudley poised to replace Tony Hayward as BP chief
2010-07-25 21:52:54 from Energy - Telegraph
Bob Dudley is set to be named as the new BP chief within 24 hours as the company launches the fight to repair its reputation and finances.

China gas growth to hit western groups
2010-07-25 21:04:46 from FT.com - Energy Utilities Mining
International energy groups are set to miss out on billions of dollars of future sales during the next decade as China, their most voracious customer, aggressively develops its own large gas reserves

Sellafield faces pay dispute hearing
2010-07-25 20:10:09 from Energy - Telegraph
Sellafield is facing allegations that it used "bribery and blackmail" to coerce workers into settling a pay dispute.

BP chief poised to lose battle for survival
2010-07-25 19:02:08 from FT.com - Energy Utilities Mining
BP still believes it has a future in the US, in spite of the spill, and it would have been impossible to sustain its presence there with Mr Hayward as chief executive

BP board considers Hayward's departure
2010-07-25 14:10:16 from FT.com - Energy Utilities Mining
Tony Hayward, is set to step down as the chief executive of BP possibly as early as Monday, according to people close to the company.

Fund chief brands Ofwat 'dysfunctional'
2010-07-24 23:06:37 from Energy - Telegraph
One of Britain's leading investors in the UK's water industry has said that Ofwat is "dysfunctional" and should be merged with the electricity regulator, Ofgem.

Oil spill: BP plans for life after Deepwater
2010-07-24 21:52:29 from Energy - Telegraph
This week is likely to see the oil giant announce $5bn profits in three months that has seen its reputation and finances crippled, its name used as a political football, and its CEO set to resign.

Oil spill: BP considers Tony Hayward exit
2010-07-23 22:41:43 from Energy - Telegraph
Speculation mounting that the board of BP is preparing to part company its chief executive as a direct result of the Gulf of Mexico oil spill.

Woodford in push for Int Power deal
2010-07-23 22:38:31 from FT.com - Energy Utilities Mining
Neil Woodford, of Invesco Perpetual, which has an 11 per cent stake, said he would be content not to be paid a special dividend to get the deal done

Zamin weighs up London flotation
2010-07-23 17:07:48 from FT.com - Energy Utilities Mining
The Brazilian iron ore company's planned listing, which would likely value the group at $2bn-$2.5bn, comes after Ferrous Resources cancelled its own London offering

Dana urged to negotiate with KNOC
2010-07-23 15:33:49 from FT.com - Energy Utilities Mining
The company's largest shareholder has called on it to talk to South Korea's national oil company after a £1.65bn takeover offer for the FTSE 250 oil explorer

BP distorts rising trend for dividends
2010-07-23 00:02:26 from FT.com - Energy Utilities Mining
Income investors have been hit hard by the suspension of BP's dividend but the energy group's Gulf of Mexico oil spill has been obscuring a healthier trend at UK plc

Siemens raises stakes on ports upgrade
2010-07-22 23:47:14 from FT.com - Energy Utilities Mining
Britain must improve its port infrastructure if planned investments in offshore wind power are to happen, the head of one of the biggest wind companies has warned

US lawmakers attack Macondo well partners
2010-07-22 23:28:01 from FT.com - Energy Utilities Mining
BP's partners in its leaking Gulf of Mexico oil well were criticised by US lawmakers for refusing to pay their share of clean-up costs

Democrats scale back climate proposals
2010-07-22 23:10:15 from FT.com - Energy Utilities Mining
Senate Democrats narrow the scope of an energy bill to be introduced next week, putting on hold plans for comprehensive climate change legislation until later this year

India approves sale of Power Grid stake
2010-07-22 22:15:33 from FT.com - Energy Utilities Mining
New Delhi plans to sell stakes in a number of state-owned companies in the coming months to help it reduce one of the widest fiscal deficits in 20 years

BP faces storm delay at spill site
2010-07-21 20:43:06 from FT.com - Energy Utilities Mining
The oil group could attempt to begin a 'static kill' of the leaking Macondo well in the Gulf of Mexico as early as this weekend, a procedure that involves pumping heavy drilling mud into the top and then sealing it with cement to stop the gusher

Oil chiefs to give evidence in UK after BP spill fears
2010-07-21 19:10:07 from Energy - Telegraph
Tony Hayward, the chief executive of BP, and other oil bosses will be expected to give evidence to a new UK political inquiry into offshore drilling.

Salmond has 'no regret' on Megrahi release
2010-07-21 18:43:07 from FT.com - Energy Utilities Mining
Scotland's first minister insists he has 'no regrets' about his devolved government's decision to free the Lockerbie bomber, arguing that it had followed due process

ONGC in talks with BP on Vietnam assets
2010-07-21 17:23:31 from FT.com - Energy Utilities Mining
India's largest oil group is in talks with BP to buy its Vietnam assets and plans to discuss the matter with UK prime minister David Cameron on his official visit to New Delhi next week

BP oil spill: BP says Tony Hayward to stay as chief executive
2010-07-21 13:26:27 from Energy - Telegraph
BP's board has denied reports that chief executive Tony Hayward is to step down.

Domestic demand lifts Iberdrola
2010-07-21 12:15:20 from FT.com - Energy Utilities Mining
Recovery in domestic demand and foreign expansion helps the Spanish electricity group lift its underlying first-half results

Ban forces oil rigs to head for new waters
2010-07-21 03:41:53 from FT.com - Energy Utilities Mining
As much as $7.4bn in output and up to 100,000 jobs will be lost by year's end because of the BP spill in the Gulf of Mexico, says Moody's Analytics

Salamander buys Thai unit from Soco
2010-07-20 23:49:25 from FT.com - Energy Utilities Mining
The $105m purchase, which gives Salamander full control of the Bualuang field in the Gulf of Thailand, will lift its daily production to more than 20,000 barrels of oil equivalent a day

Oil spill: BP sells $7bn of assets to Apache as Cameron warns against unfair legislation
2010-07-20 23:41:55 from Energy - Telegraph
BP sold $7bn (£4.6bn) of assets to Apache, as Prime Minister David Cameron said he would oppose US laws that directly targeted the oil giant.

Oil spill: BP mulls using mud to block Gulf of Mexico oil well
2010-07-20 14:17:26 from Energy - Telegraph
BP considers nexts steps as US government concludes that seepage near damaged Gulf of Mexico oil well is 'inconsequential'.

BP given extra time with well cap
2010-07-20 00:28:47 from FT.com - Energy Utilities Mining
The US government allowed BP to extend for 24 hours the containment cap shutting off the leak from the Macondo well after determining that nearby seepage was not related to pressure tests

Oil spill: BP calms new leak fears as shares slide
2010-07-19 23:11:50 from Energy - Telegraph
BP keeps cap over the Gulf of Mexico well for now, as it seeks to convince the US the seal is safe and a second leak nearby is naturally occurring.

US shines a light
2010-07-19 22:40:42 from FT.com - Energy Utilities Mining
Congress has put the force of law behind the existing gold standard for transparency in the industry: the text explicitly refers to the voluntary Extractive Industries Transparency Initiative

Production delays hit UK Coal
2010-07-19 22:38:23 from FT.com - Energy Utilities Mining
Britain's biggest coal miner reported slower production and predicted a first-half pre-tax loss of £94m, sending its shares down 13 per cent.

UK lagging behind on energy investment
2010-07-19 20:00:50 from FT.com - Energy Utilities Mining
The UK spent 0.01 per cent of GDP on energy in 2007, the latest year for which comparative figures are available, compared with 0.03 per cent in the US, 0.05 per cent in France and 0.09 per cent in Japan, the committee said

International Power's top investor backs fresh tie-up talks with GDP
2010-07-19 18:34:11 from Energy - Telegraph
Revived takeover talks between International Power and GDF Suez got an early boost with the UK group's biggest shareholder supporting the deal.

China knocks US off top energy use spot
2010-07-19 17:50:29 from Energy - Telegraph
After more than a century as the country that consumes the most energy, the United States has been knocked off its perch by China.

BP shares fall amid fresh spill fears
2010-07-19 13:20:00 from FT.com - Energy Utilities Mining
BP's shares have fallen as much as 5 per cent amid fears that some of the company's oil was still seeping from the Macondo well despite the newly-installed containment cap holding back most of the leak

BP oil spill: US orders new emergency plan as seepage detected near capped well
2010-07-19 10:47:44 from Energy - Telegraph
The US government ordered BP to submit an emergency plan to reopen its capped oil well after experts detected a potential leak.

BP oil spill clean-up costs rise to $4bn as it plans final kill
2010-07-19 09:30:22 from Energy - Telegraph
BP said it aims to permanently kill its damaged Gulf of Mexico oil well in the first half of August, as shares fell 5pc on fresh leak fears.

International Power and GDF-Suez renew tie-up discussions
2010-07-19 07:59:17 from Energy - Telegraph
International Power, the UK power generation company, and GDF-Suez of France have revived talks about entering a partnership to create a global electricity group, they said on Monday.

Oil spill: BP confident oil plug is steady but scientists express concerns
2010-07-19 00:38:04 from Energy - Telegraph
BP said it hoped the custom-built cap on its broken well could remain in place until the leak is permanently plugged, but scientists expressed concerns about a possible seep.

International Power and GDF-Suez restart partnership talks
2010-07-18 23:31:18 from Energy - Telegraph
International Power, the UK power generation company, and GDF-Suez of France are understood to have revived talks about entering a partnership to create a global electricity group.

Chloride raises prospect of more deals
2010-07-18 22:56:28 from FT.com - Energy Utilities Mining
Opinion remains divided over whether this month's £997m takeover of Chloride by Emerson of the US is the starting gun for a resumption in takeouts of UK companies

Viridor chief Colin Drummond sees a green future in company's landmark energy-from-waste plant
2010-07-18 21:58:15 from Energy - Telegraph
Viridor chief executive Colin Drummond loves rubbish. There's a very good reason why: the waste arm of £2bn utility company Pennon is paid both to take it away and to sell it on after processing - either as electricity or recycled material.

Judges draw up battlefield for BP damages
2010-07-18 18:34:59 from FT.com - Energy Utilities Mining
BP is facing its first big public legal skirmish over the Gulf of Mexico disaster, at a hearing thousands of kilometres away that could have an impact on how much it ends up paying in compensation claims.

Containment cap working well, say BP
2010-07-18 18:34:59 from FT.com - Energy Utilities Mining
BP said its containment cap was holding back oil from the Macondo well and would, therefore, remain in place until a relief well shut off the leak completely

KPMG says nuclear power 'won't happen'
2010-07-17 21:13:58 from Energy - Telegraph
Britain's new generation of nuclear power stations will not be built if the Government persists with a promise to refuse them any taxpayer support, a KPMG report will say this week.

Dana steps up oil exploration promotion
2010-07-16 22:18:42 from FT.com - Energy Utilities Mining
The group's promotion of its oil programme comes after a preliminary takeover approach from Korea National Oil Corp, prompting speculation that the move was aimed at stressing the value of its assets to the South Korean group

Buncefield explosion: Five companies fined £9m
2010-07-16 21:13:10 from Energy - Telegraph
Total, the French energy giant, and four other companies must pay £9m in fines for safety violations that led to an oil depot explosion measuring 2.4 on the Richter scale.

Barack Obama keeps pressure on BP as oil leak seal holds
2010-07-16 20:22:15 from Energy - Telegraph
President Barack Obama warns BP still has a "big job to do", despite positive signs that a seal on its leaking Gulf of Mexico well will hold.

BP stops leak from stricken gulf well
2010-07-16 01:30:20 from FT.com - Energy Utilities Mining
BP stopped the flow of oil from its blown-out well in the Gulf of Mexico, raising hopes of an end to the environmental and economic disaster that has been escalating since the Deepwater Horizon drilling rig exploded almost three months ago

Bid to block BP oil leases gains support
2010-07-16 01:11:18 from FT.com - Energy Utilities Mining
BP's future in the US has become inextricably tied to political machinations on Capitol Hill in the wake of the Deepwater Horizon disaster, a national catastrophe that has many Democratic lawmakers questioning whether the British oil giant has a right to remain in business in the US

BP 'stops oil leaking into the Gulf of Mexico'
2010-07-16 00:18:26 from Energy - Telegraph
BP has succeeded in stopping its Gulf of Mexico leak for the first time since an accident on April 20 killed 11 men and triggered a giant oil spill.

Nuclear industry jitters over government 're-consultation'
2010-07-15 23:27:40 from Energy - Telegraph
The nuclear industry was plunged into further uncertainty on Thursday when the Government insisted it was necessary to re-examine planning laws aimed at speeding up the UK's first atomic plants for a generation.

OPEC lifts demand for its oil for first time in three years
2010-07-15 22:09:31 from Energy - Telegraph
OPEC, the 12-country oil cartel, expects demand for its petroleum products to increase for the first time in three years in 2011.

Fairfield Energy unlikely to try IPO again until 2011
2010-07-15 21:57:40 from Energy - Telegraph
Fairfield Energy has insisted that it will press ahead with its London listing when markets are less volatile - but is unlikely to make another attempt at raising cash through a flotation until 2011.

BP cautiously tests Gulf of Mexico oil well after new leak setback
2010-07-15 20:14:19 from Energy - Telegraph
BP signals early success after it starts "very, very intricate operation" to test a cap aimed at sealing its gushing Gulf of Mexico well.

Russian energy industry facing fresh tax blow
2010-07-15 18:34:42 from FT.com - Energy Utilities Mining
Russia's energy industry is bracing itself for a set of tax increases that could be agreed by the end of July, and warns of a possible production decline owing to rising – and unpredictable – taxes and costs

Fairfield Energy pulls London listing
2010-07-15 08:53:25 from Energy - Telegraph
Fairfield Energy has pulled its £330m listing on the London Stock Exchange after failing to drum up enough interest from investors.

Greenko to pay €26m for Hemavathi
2010-07-14 23:44:34 from FT.com - Energy Utilities Mining
The purchase of the hydropower operation – Greenko's biggest acquisition to date – will see the group become the largest green energy provider in India

BP faces US ban on new oil and gas drilling licences
2010-07-14 23:36:54 from Energy - Telegraph
House committee passes a bill which would ban BP from getting any new offshore licences to produce oil and gas in the US for a number of years.

Fairfield to pull London Stock Exchange listing
2010-07-14 20:18:37 from Energy - Telegraph
Fairfield Energy is today expected to admit that it has been forced to pull its £330m listing on the London Stock Exchange, after failing to drum up enough interest from investors.

Hillary Clinton looks into BP's Libya deals
2010-07-14 19:10:10 from Energy - Telegraph
Hillary Clinton, the US Secretary of State, has pledged to look into BP's involvement in the release of the Lockerbie bomber.

BP forced to delay tests on leaking well
2010-07-14 08:54:37 from FT.com - Energy Utilities Mining
BP has been forced by the US government at the last minute to delay crucial tests needed before a sealing cap on the leaking well in the Gulf of Mexico can be closed

Buoy sale to US Navy lifts Ocean Power
2010-07-14 02:32:37 from FT.com - Energy Utilities Mining
The wave power group reports a 26% increase in revenues to $5.1m, mostly due to the sale of its first 40kW power buoy. Operating losses due to development spending rise to $21.3m

BP oil spill: US politicians accuse BP over Lockerbie terrorist al-Megrahi
2010-07-14 00:20:03 from Energy - Telegraph
Democratic senators urge investigation into BP's interests in Libya, as they tried to connect the oil group with a deal to free a convicted terrorist.

Bglobal doubles turnover in a year
2010-07-13 23:40:49 from FT.com - Energy Utilities Mining
Smart metering company says it aims to do so again this year as a government roll-out of the energy saving technology could be brought forward

European groups spend £800m on carbon credits
2010-07-13 23:30:51 from FT.com - Energy Utilities Mining
European energy and industrial companies have become the most important buyers of carbon credits from the developing world

Fairfield scrambles to finalise IPO
2010-07-13 23:15:28 from FT.com - Energy Utilities Mining
The oil and gas company hopes to raise up to $500m, which would give it a market capitalisation of up to $1.1bn, just enough to place it within the FTSE 250 index

Kazakh duty ruling rewrites oil terms
2010-07-13 22:54:00 from FT.com - Energy Utilities Mining
The Kazakh government has said it will impose a duty on most crude exports, a decision taken amid mounting resource nationalism

BP on brink of capping Gulf of Mexico leak
2010-07-13 22:18:39 from Energy - Telegraph
BP has begun crucial pressure testing on its leaking Gulf of Mexico well, as it makes a bid to capture all the remaining oil gushing into the ocean.

Abu Dhabi eyes BP stake purchase
2010-07-13 22:14:25 from FT.com - Energy Utilities Mining
Sheikh Mohammed bin Zayed Al-Nahyan, Abu Dhabi's powerful crown prince, says the wealthy emirate is still considering whether to invest in BP

African Minerals in $1.5bn pact with Chinese group
2010-07-13 12:40:57 from FT.com - Energy Utilities Mining
African Minerals, a mining group run by controversial entrepreneur Frank Timis, agrees a $1.5bn investment into a flagship project in Sierra Leone with a state-owned Chinese steel producer

Obama renews ban on deepwater drilling
2010-07-13 00:05:13 from FT.com - Energy Utilities Mining
The Obama administration renewed its ban on deepwater drilling, imposed after the BP oil spill

BP investors look to bypass claims ruling
2010-07-12 23:02:54 from FT.com - Energy Utilities Mining
Lawyers aiming to sue BP on its shareholders' behalf are scrambling to deal with the fallout from a court ruling that could bar the bulk of investors from seeking damages in the US

BP boosted 10pc as oil leak cap and bid talk lifts shares
2010-07-12 22:54:41 from Energy - Telegraph
Talk of more than $10bn of asset sales helped lift BP shares ahead of a critical 48 hours for the embattled oil giant.

Copper price forecast to rise further
2010-07-12 22:33:45 from FT.com - Energy Utilities Mining
The chief executive of the world's biggest copper producing company, Codelco, says he expects to see continued demand for the metal from China to fuel the country's industrial boom

Falkland Oil & Gas tumbles as well comes in dry
2010-07-12 21:44:54 from Energy - Telegraph
Falkland Oil & Gas shares more than halved in value after the company admitted that it had been forced to plug and abandon a well after discovering it contained no oil.

Rio and Ivanhoe clash over copper mine
2010-07-12 20:09:00 from FT.com - Energy Utilities Mining
Tensions rise between Rio Tinto and Canada's Ivanhoe Mines over rights to a rich copper deposit in Mongolia, as the former releases hundreds of millions of dollars to develop the mine

BP oil spill costs hit $3.5bn, work on new cap continues
2010-07-12 09:29:20 from Energy - Telegraph
BP said the cost of cleaning up the Gulf of Mexico oil spill - the biggest in US history - has risen to around $3.5bn (£2.3bn).

Business warns on need for investment in energy
2010-07-12 00:09:34 from FT.com - Energy Utilities Mining
The UK is in the 'last chance saloon' to secure investment in its creaking energy infrastructure, ministers are being warned by a leading business group

PetroChina open to closer ties with BP
2010-07-11 22:46:11 from FT.com - Energy Utilities Mining
PetroChina, China's largest listed oil and gas producer, says it would "welcome" closer co-operation with BP as the embattled UK group struggles to cover liabilities arising from the Gulf of Mexico oil spill disaster

BP nears date with destiny over its future
2010-07-11 22:38:37 from FT.com - Energy Utilities Mining
BP will be announcing more than just its second-quarter results on July 17, when the crisis-hit oil company will be expected to assure investors that it can survive

Energy companies urge move on nuclear build plans
2010-07-11 21:30:27 from Energy - Telegraph
The nuclear industry will meet Chris Huhne, the Energy Secretary, for the first time this week and urge him to push on with plans to build a new generation of nuclear power stations across the country.

BP shores up its defences to resist US swoop
2010-07-11 21:01:41 from Energy - Telegraph
For conspiracy theorists, this has always been the end game. A catastrophic oil spill. A political pummelling from President Barack Obama. And then, when BP is suitably softened up, a swoop from Exxon with a £100bn bid, providing an American solution to a very British problem.

Enel to resume Green Power flotation
2010-07-11 17:47:18 from FT.com - Energy Utilities Mining
Listing of minority stake to go ahead despite fears over market conditions as Enel seeks to reduce debt

Extra £100 to pay energy bill by cash or cheque
2010-07-11 12:00:54 from Energy - Telegraph
Energy customers who pay their bill by cash or cheque are being charged an extra £100 a year more on their bills, compared with those that pay by direct debit.

Managers build bridges in infrastructure
2010-07-11 07:08:01 from FT.com - Energy Utilities Mining
The asset class saw increased flows of money last year as pension funds regained their appetite for infrastructure (PDF of top 20)

Nuclear targets 'at risk'
2010-07-10 21:21:30 from Energy - Telegraph
Britain needs to replace its ageing power plants, but needs better investment incentives to do it.

BP chief puts on brave face in e-mail to staff
2010-07-10 00:39:48 from FT.com - Energy Utilities Mining
Tony Hayward has turned ebullient over prospects for stopping the spill, but his prospects remain uncertain

BP pins hopes on new cap for well
2010-07-10 00:16:43 from FT.com - Energy Utilities Mining
BP was preparing to fit a new containment cap on its blown-out Macondo well in the Gulf of Mexico that could allow it to stop the leaking oil before the end of the month

BP hopes new cap will stop leak early
2010-07-09 20:51:22 from FT.com - Energy Utilities Mining
BP was on Friday preparing to fit a new containment cap on its blown-out Macondo well in the Gulf of Mexico that could allow it to stop the leaking oil before the end of the month

Anadarko rejects BP $272m oil leak bill
2010-07-09 20:09:03 from Energy - Telegraph
Anadarko, BP's partner in leaking Gulf of Mexico oil well, refuses to pay its share of the clean-up costs by Friday deadline.

Vallar co-founder John Campbell did not complete Cambridge doctorate
2010-07-09 19:21:30 from Energy - Telegraph
John Campbell, the co-founder of Nathaniel Rothschild's Vallar Energy, previously lied about his qualifications, claiming to be a doctor for almost three decades.

Inpex
2010-07-09 15:59:02 from FT.com - Energy Utilities Mining
Japan's largest energy explorer and producer may benefit from being the anti-BP

BP oil spill: Obama loses appeal to restore drilling ban
2010-07-09 07:54:03 from Energy - Telegraph
A federal appeals court rejected the Obama administration's effort to restore an offshore deepwater drilling moratorium.

Argos plans to drill for Falklands oil
2010-07-08 23:04:15 from FT.com - Energy Utilities Mining
A fifth UK company intends to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing

BP shares in winning stretch on hopes of relief well success
2010-07-08 20:25:08 from Energy - Telegraph
Shares in BP jumped for the fourth day running in the longest winning stretch since the Gulf of Mexico accident, as the oil giant said the leak could be plugged this month.

Quorum fund manager plans $10m case over dismissal
2010-07-08 19:55:25 from Energy - Telegraph
The founder of an oil and gas private equity fund is planning to sue the London-listed company for $10m and an ex-colleague for almost $1m after she was dismissed as investment manager.

Emerson's bid for Chloride set in train
2010-07-08 19:47:05 from Energy - Telegraph
Chloride, the back-up power company, has agreed to implement a £997m cash offer from US engineering giant, Emerson Electric.

EDF nuclear deal gives Somerset workers hope in face of public sector cuts
2010-07-08 19:45:34 from Energy - Telegraph
Bridgwater seeks 'crumbs' from EDF Energy's Hinkley Point power station project as Government halts school rebuilding contracts.

Rio Tinto confirms Mongolian mine interest
2010-07-08 18:18:54 from FT.com - Energy Utilities Mining
The mining group plans to swap its shares in Ivanhoe Mines for a direct stake in Mongolia's Oyu Tolgoi copper and gold project, which is 66% owned by the Canadian miner

Mexico trains public to fight oil spill
2010-07-08 17:50:59 from FT.com - Energy Utilities Mining
Mexico is to enlist an army comprising thousands of subsistence farmers and fishermen in a rearguard action to help protect its coastline from the potentially devastating effects of the BP oil spill

Chinese score in World Cup sponsorship
2010-07-08 17:33:17 from FT.com - Energy Utilities Mining
Sponsoring the World Cup might seem an odd proposition for a largely unheard of Chinese solar manufacturer, particularly one that sells to distributors and developers, but Yingli Green Energy thinks otherwise.

Interactive timeline: BP oil spill disaster
2010-07-08 16:54:53 from FT.com - Energy Utilities Mining
This graphic chronicles BP's struggle to contain an oil spill following an explosion on the Deepwater Horizon oil rig, off the coast of Louisiana

US fights reversal of offshore drilling ban
2010-07-08 16:45:05 from FT.com - Energy Utilities Mining
The US administration sought to reverse a court ruling that overturned its 6-month ban on offshore oil drilling following the Deepwater Horizon disaster

Total moves into Canada oil sands
2010-07-08 15:18:35 from FT.com - Energy Utilities Mining
France's Total is further expanding its interests in the Alberta oil sands with an agreed C$1.15bn ($1bn) bid for UTS Energy of Calgary

Lithuania eyes sale of state-owned assets
2010-07-08 03:30:53 from FT.com - Energy Utilities Mining
The Baltic government is considering initial public offerings of its energy and real estate companies as part of a sweeping overhaul of the country's troubled public sector

Dublin agrees to buy power network for £1bn
2010-07-08 02:34:25 from FT.com - Energy Utilities Mining
The Irish Republic's state-owned power company will acquire Viridian's transmission and distribution business as well as its construction and maintenance services units

Eni to settle US bribery probe
2010-07-07 23:37:36 from FT.com - Energy Utilities Mining
Eni, the Italian oil group, and a subsidiary are to pay $365m in fines to settle a US probe into bribes paid to top Nigerian officials to win contracts

Renewable energy specialist slips into a faster lane
2010-07-07 23:34:44 from FT.com - Energy Utilities Mining
Italy-based company Acta found itself heading up a cul-de-sac but it now appears to be heading in the right direction and picking up speed

BP's relief well close to target
2010-07-07 21:25:53 from FT.com - Energy Utilities Mining
The first relief well being drilled to allow the gushing BP well in the Gulf of Mexico to be capped is only 300ft from its target depth, having sunk to a total of about 17,710ft through water and rock, the US authorities said

Hayward set to woo UAE power-brokers
2010-07-07 14:00:57 from FT.com - Energy Utilities Mining
The BP chief executive's visit to the Middle East comes at a critical time for the troubled oil company and follows much speculation that it is looking to cash-rich investment entities in the region to buy BP shares but there are also other reasons for Tony Hayward's visit

US seeks advance notice of any BP sales
2010-07-07 05:22:10 from FT.com - Energy Utilities Mining
The US Department of Justice has asked BP for advance notice of any planned asset sale or deal involving cash transfers, underlining the Obama administration's interest in ensuring BP remains a going concern

Enel's Russian unit prospers
2010-07-07 03:20:41 from FT.com - Energy Utilities Mining
The Italian power group says earnings at its Russian power unit, OGK-5, could increase by as much as five times by 2014 as the market recovers from a steep fall in demand

Nuclear waste store plan unveiled
2010-07-06 23:59:42 from FT.com - Energy Utilities Mining
A site for the long-term storage of the UK's nuclear waste could be under preparation within five years, but only if the government agency responsible is spared drastic cuts

Spice shareholder calls for talks with Cinven
2010-07-06 18:05:42 from FT.com - Energy Utilities Mining
One of the biggest shareholders in Spice calls on the directors of the utility services company to hold talks with Cinven after they dismissed an improved takeover approach from the private equity group

Tullow awaits Ugandan decision on dispute
2010-07-06 09:25:46 from FT.com - Energy Utilities Mining
Tullow Oil has said it expects Uganda to imminently resolve a long-running dispute that will allow the UK's largest oil explorer to begin development of the African country's oil fields

Electric cars must be taxed to pay for more power stations 'or National Grid could fail'
2010-07-06 07:52:53 from Energy - Telegraph
Electric cars must be taxed to pay for more power stations or they could drain the National Grid and even contribute to power cuts, an energy firm has warned.

Legacy fears over BP's pot of gold
2010-07-06 01:47:51 from FT.com - Energy Utilities Mining
The oil group's $20bn cash bonanza is giving a short-term boost to some parts of the Gulf Coast economy, but many fear the long-term impact once the crisis is over

Crisis-hit BP rules out issuing new shares
2010-07-06 00:42:29 from FT.com - Energy Utilities Mining
BP is not planning to issue new shares, the company said, in spite of the pressure on its finances caused by its huge oil spill in the Gulf of Mexico

Ex-Sibir boss fined in Russian tycoon case
2010-07-05 22:43:21 from FT.com - Energy Utilities Mining
The £350,000 fine by the FSA against Henry Cameron for market abuse, ends the intrigue surrounding what was once the biggest company on Aim

Oil spill protesters are missing their target
2010-07-05 22:42:29 from FT.com - Energy Utilities Mining
Even if they do not affect sales or share prices, boycotts can make a difference. No country or company likes being disliked. The difference is that BP already knows it is disliked, writes Michael Skapinker

Share swap sends RNRL stock into tailspin
2010-07-05 20:27:41 from FT.com - Energy Utilities Mining
The exchange, which will entitle investors holding four shares in Reliance Natural Resources to one share in sister company Reliance Power, drives the gas unit's stock down 27.6%

Renewable energy
2010-07-05 16:04:33 from FT.com - Energy Utilities Mining
The industry will continue to rely on government incentives to keep it alive

BP clean-up costs for oil spill hit $3.1bn
2010-07-05 10:49:19 from Energy - Telegraph
BP, the oil company struggling to cap a leaking well which has caused the biggest oil spill in US history, said the cost of the clean-up in the Gulf of Mexico oil has hit $3.12bn (£2bn).

Wilmar bids $1.5bn for CSR sugar unit
2010-07-05 06:34:50 from FT.com - Energy Utilities Mining
Singapore commodities group Wilmar International has trumped a bid by China's Bright Food to buy CSR's sugar and renewable energy business in Australia for A$1.75bn ($1.5bn)

Vale in Canadian strike deal
2010-07-05 03:27:02 from FT.com - Energy Utilities Mining
Vale, the Brazilian mining group, has reached a tentative deal with the United Steelworkers union to end a bitter year-long strike by 3,000 workers at its nickel operations in Canada

Fairfield eyes $1bn market value for IPO
2010-07-05 01:31:52 from FT.com - Energy Utilities Mining
If the oil explorer achieves its target it is likely to secure a place in the FTSE 250 index, and become the largest solely North Sea-focused UK independent exploration company by market capitalisation

Passionate about forestry and its long-term growth
2010-07-04 09:57:29 from FT.com - Energy Utilities Mining
The founder of The Forest Company is passionate about forestry and its long-term growth, and predicts demand for timber will continue to shoot

EDF and Scottish Power under scrutiny over high energy bills
2010-07-03 19:51:21 from Energy - Telegraph
EDF and Scottish Power are the two companies under scrutiny by the energy regulator over "serious concerns" that some customers are paying too much on their energy bills.

Bob Wigley says green funding 'can be much better spent'
2010-07-03 19:32:30 from Energy - Telegraph
The report by the chairman of the Green Investment Bank Commission on a green future for Britain has ignited a debate about how the UK can lead on energy.

BP braces for a shake-up at the top
2010-07-02 23:01:45 from FT.com - Energy Utilities Mining
Investors are braced for a clear-out of BP's leadership once its leaking oil well in the Gulf of Mexico is capped, which could come in the next few weeks, according to several leading shareholders and people close to the group

Regal scores Ukrainian court victory
2010-07-02 22:08:19 from FT.com - Energy Utilities Mining
Regal Petroleum wins a court battle against the suspension of its operations after one of its largest gas customers took action against the country's ministry of environment

Chloride recommends £997m Emerson bid
2010-07-02 11:33:56 from Energy - Telegraph
Chloride, the British company that specialises in equipment to protect against power surges, has recommended shareholders accept a £997m, 375p-a-share bid from Emerson Electric.

Miners cheer Australia's tax climbdown
2010-07-02 09:22:24 from FT.com - Energy Utilities Mining
Canberra's swift move to scrap a proposed resource super profits tax and replace it with a new-look tax on iron ore and coal is a huge win for Australia's profitable mining industry

Wellstream warns on profits
2010-07-02 04:12:33 from FT.com - Energy Utilities Mining
The designer and manufacturer of flexible pipelines for the oil and gas industry cites BP's travails in the Gulf of Mexico as a cause of market uncertainty

Australia PM waters down mining tax
2010-07-02 04:09:25 from FT.com - Energy Utilities Mining
Julia Gillard, Australia's new prime minister, has caved in to the demands of the powerful mining industry and watered down the controversial resources super tax as she clears the decks for a federal election as early as August

Canberra caves in over mining tax
2010-07-02 03:00:00 from FT.com - Energy Utilities Mining
Julia Gillard, Australia's new prime minister, has caved in to the demands of the powerful mining industry and watered down the controversial resources super profits...

Under pressure Shell helps Footsie to 10-month low
2010-07-02 03:00:00 from FT.com - Energy Utilities Mining
The FTSE 100 dropped to a 10-month low yesterday, with Royal Dutch Shell the main drag. Shell was under pressure on talk that analysts had been cutting forecasts...

Nuclear vote
2010-07-02 03:00:00 from FT.com - Energy Utilities Mining
Finland's parliament yesterday overwhelmingly approved plans to build two nuclear reactors in an attempt to increase energy security and reduce carbon emissions,...

BP: Eagles and vultures
2010-07-01 22:46:30 from FT.com - Energy Utilities Mining
BP: As the energy group battles to cap the Macondo well, it also has to contend with a vast range of legal claims that, while still unquantifiable, are on course to reach tens of billions of dollars

South Korea's KNOC makes billion-pound takeover approach for Dana Petroleum
2010-07-01 20:38:56 from Energy - Telegraph
Dana Petroleum has received a takeover approach from South Korea's national oil company understood to value the explorer at up to £1.7bn.

BP sounds out buyers in $10bn asset sale
2010-07-01 20:38:46 from FT.com - Energy Utilities Mining
The UK energy group has begun looking for potential buyers in its asset sale to pay for its liabilities from the oil spill, with the Argentine venture Pan American seen as a prime candidate

ABB bows out of bid battle for Chloride
2010-07-01 18:53:20 from Energy - Telegraph
ABB, the world's biggest power grid supplier,on Thursday abandoned its pursuit of Chloride, leaving the way open for Emerson Electric to buy the back-up power company.

Top UN nuclear watchdog inspector resigns
2010-07-01 10:54:35 from FT.com - Energy Utilities Mining
The UN nuclear watchdog says its top investigator Olli Heinonen, head of probes into Iran and Syria, will leave his position for personal reasons after nearly 30 years at the Vienna-based agency

Chalco drops US$2.4bn Australia plan
2010-07-01 06:48:05 from FT.com - Energy Utilities Mining
China's Chalco, the world's second-largest aluminium producer, has pulled out of a US$2.4bn deal to develop a bauxite refinery in Australia, blaming a drop in aluminium prices and difficult global conditions

Drax converts boiler to use biomass fuel
2010-07-01 03:59:37 from FT.com - Energy Utilities Mining
As the start of an approach that could eventually see it move entirely to 'green' fuel, the UK's biggest power station is to convert one of its coal-fired boilers to use biomass

Israel set for clash over gas revenue share
2010-07-01 03:00:00 from FT.com - Energy Utilities Mining
The Israeli government is heading for a clash with energy companies over how to divide the revenues from natural gas reserves, possibly worth hundreds of billions of...

Oil groups protest as Senate moves closer to liability bill
2010-07-01 03:00:00 from FT.com - Energy Utilities Mining
The US Senate inched closer to passing a law that would make oil companies liable for unlimited damages in the event of a big spill, prompting strong ob-jections from...

Turkish bypass
2010-07-01 03:00:00 from FT.com - Energy Utilities Mining
Turkey is renewing pressure on the oil industry to cut tanker traffic through the congested Bosphorus and Dardanelles straits, tapping into fears of an environmental...

Senate moves closer to oil liability bill
2010-07-01 01:55:44 from FT.com - Energy Utilities Mining
The US Senate inches closer to passing a law that would make oil companies liable for unlimited damages in the event of a big spill, prompting strong objections from petroleum groups

Poland's energy sell-off moves ahead
2010-07-01 01:40:43 from FT.com - Energy Utilities Mining
Tauron Polska Energia, the country's second-largest generator, raises 4.2bn zlotys in its initial public offering as the government calls for bids to buy a majority stake in Enea

Cadogan reveals Ukraine problems
2010-06-30 23:31:54 from FT.com - Energy Utilities Mining
Cadogan Petroleum has become the second UK oil company in three days to reveal that Ukraine's government had suspended its operating licences.

Bids spark power struggle for Chloride
2010-06-30 22:39:20 from FT.com - Energy Utilities Mining
A hitherto unremarkable UK electronics company, has pitted two heavyweight US chief executives, from Emerson and ABB respectively, against each other

BP in move to raise more funds
2010-06-30 22:30:39 from FT.com - Energy Utilities Mining
The UK energy group returns to banks looking for additional short-term loans to help tackle its growing liabilities following the oil spill in the Gulf of Mexico

Unite union urges inquiry into death at Total's Lindsey oil refinery
2010-06-30 21:51:58 from Energy - Telegraph
Unite, Britain's biggest union, has called for an independent investigation into the death of a worker in an explosion at Total's Lindsey oil refinery.

BP executives to face public grillings
2010-06-30 14:41:31 from FT.com - Energy Utilities Mining
Top BP executives including Tony Hayward could be thrust into a lion's den following a decision by the presidential commission investigating the Gulf of Mexico oil spill to hold hearings in affected states

The Green Investment Bank is going down the wrong path
2010-06-30 12:39:16 from Energy - Telegraph
The Green Investment Bank should boost struggling independents not hand public money to multinational utilities, says Jo Butlin.

Verbund seeks €1bn share issue
2010-06-30 11:12:03 from FT.com - Energy Utilities Mining
Austria's biggest utility hopes to reinforce its capital structure and fund further investment

Regal tumbles after licence suspension
2010-06-30 06:18:42 from FT.com - Energy Utilities Mining
Ukraine reveals that it began talks to suspend Regal Petroleum's gas licences more than five months before the company, which saw its shares tumble 30% this week, updated the market about the issue

Planning body's closure angers industry
2010-06-30 03:00:00 from FT.com - Energy Utilities Mining
Business groups yesterday accused the government of playing politics with the planning system after the coalition confirmed it would close Labour's new planning body...

Years wasted in climate battle, study says
2010-06-30 03:00:00 from FT.com - Energy Utilities Mining
A decade has been wasted in the fight to reduce greenhouse gas emissions because official policies have failed to deliver, according to a critical assessment from the...

Siemens highlights German industry rebound
2010-06-29 23:28:59 from FT.com - Energy Utilities Mining
Industrial group forecasts simultaneous rise in new orders and profits for first time since summer 2008 ,aided by strong emerging market demand

Britain's Green Investment Bank will have to walk a political tightrope
2010-06-29 23:14:52 from Energy - Telegraph
Bob Wigley's Green Investment Bank Commission has delivered a blueprint for how private sector funds can be successfully diverted into funding essential investment, particularly in energy.

Anadarko approved key BP well designs
2010-06-29 22:33:27 from FT.com - Energy Utilities Mining
Anadarko, the US partner to BP in its ill-fated Macondo well in the Gulf of Mexico, approved several key aspects of the UK company's designs for the project that have been sharply criticised by Washington lawmakers

Stakes are high for warring oil spill partners
2010-06-29 22:33:27 from FT.com - Energy Utilities Mining
One of the bitterest battles resulting from the oil spill in the Gulf of Mexico is the dispute between BP, operator of the Macondo well, and Anadarko, its biggest junior partner.

Britain needs £1 trillion to turn the country's infrastructure green
2010-06-29 18:36:12 from Energy - Telegraph
Britain will need up to £1 trillion of investment to replace and decarbonise infrastructure over the next 20 years, according to a report by the Green Investment Bank (GIB) Commission on behalf of the Government.

Chloride: why the company that keeps the lights on at Arsenal is attracting US interest
2010-06-29 18:20:30 from Energy - Telegraph
Chloride, the back-up power provider, is dealing with a new kind of surge as it finds itself the target of a £1bn bidding war.

NY pension fund reviews suit against BP
2010-06-29 17:45:19 from FT.com - Energy Utilities Mining
New York's state pension fund is reviewing its planned lawsuit against BP over the Gulf of Mexico disaster, after a Supreme Court ruling that could curb the expected crop of investor claims against the company.

'Hurricane' Alex to slow BP's oil spill containment plans
2010-06-29 08:14:00 from Energy - Telegraph
High winds and large waves in the Gulf of Mexico will set back efforts to contain the largest oil spill in US history, warns BP.

Traders and banks face US reform hazard
2010-06-29 03:00:00 from FT.com - Energy Utilities Mining
Some of the largest commodity traders on Wall Street could face changes under the US financial reform bill advanced by lawmakers last week, with some banks being...

North Sea oil find lifts groups
2010-06-29 02:31:46 from FT.com - Energy Utilities Mining
Encore, Premier and Nautical Petroleum shares surge after the companies announce that four fields could contain as much as 300m barrels, which analysts say could be the largest find since 2001

Accusations reignite debate over Norilsk
2010-06-29 01:39:15 from FT.com - Energy Utilities Mining
The festering dispute over control of nickel producer erupts again after UC Rusal accused the company's chief executive of manipulating shares to reduce its representation on the board

Russia claims BP chief Tony Hayward is poised to resign
2010-06-28 23:08:31 from Energy - Telegraph
Doubts over Tony Hayward's future after Russian official claims the embattled oil boss is close to quitting.

Bond investors 'very negative' on BP in US
2010-06-28 20:14:34 from FT.com - Energy Utilities Mining
BP has the most shorted bond among US investment grade corporate issuers, and, unusually, more of its bonds are being borrowed for shorting than its shares.

Petrol stations cautiously eye Indian boost
2010-06-28 18:07:54 from FT.com - Energy Utilities Mining
Private and public oil companies hail New Delhi's ability to undertake tough reforms to the crucial energy sector, but operators remain cautious on any expansion of their retail networks

Noble buys FDR Holdings for $2.16bn
2010-06-28 15:22:01 from FT.com - Energy Utilities Mining
The Swiss oil drilling company with a heavy presence in the Gulf of Mexico says it has agreed to purchase its independent rival in a deal that will provide six additional floating drilling units to its existing fleet of 62

Oil price falls from seven-week high as hurricane fears ease
2010-06-28 12:33:33 from Energy - Telegraph
Tropical storm Alex forecast to bypass the Gulf of Mexico's main oil producing region - and the BP oil spill.

Teesside poised for bioenergy plant in Europe
2010-06-28 04:24:21 from FT.com - Energy Utilities Mining
Ineos Bio is a step closer to realising the conversion of dustbin contents into biofuel and renewable energy by securing £7.3m of grants towards its development of the continent's first waste to bioethanol plant

Drax finds capacity crushed by renewable obligations
2010-06-28 03:00:00 from FT.com - Energy Utilities Mining
Government restrictions on the use of plants to generate electricity mean a new biomass power plant opened this month is operating at only half its capacity, according...

Counsel for an industry under fire
2010-06-28 01:44:32 from FT.com - Energy Utilities Mining
John Hofmeister dissects issues affecting America's oil companies as an insider and urges the industry to educate and build relationships with consumers if it is to avoid being demonised

DSM claims biofuel breakthrough
2010-06-27 23:10:24 from FT.com - Energy Utilities Mining
The Dutch life sciences and chemicals company will announce a breakthrough in bioconversion this week

Scottish Resources hopes to raise £25m in IPO
2010-06-27 22:58:38 from FT.com - Energy Utilities Mining
The country's second-largest coal producer will launch a London stock market listing that could value it at £250m

Delays feared as BP relief bore nears well
2010-06-27 22:33:40 from FT.com - Energy Utilities Mining
Pressure from Washington has steered the energy company into a risky procedure that has no precedent at 6,060m below the surface of the Gulf of Mexico

Obama and Cameron agree BP must not collapse
2010-06-27 21:01:57 from Energy - Telegraph
BP must not be allowed to implode in the wake of the Gulf of Mexico oil spill disaster, Barack Obama and David Cameron have declared, as the company starts the week with its shares at a 14-year low.

BP oil spill: Barack Obama and David Cameron agree BP must not collapse
2010-06-27 21:01:57 from Energy - Telegraph
BP must not be allowed to implode in the wake of the Gulf of Mexico oil spill disaster, Barack Obama and David Cameron have declared.

BP is in eye of the storm
2010-06-27 19:52:57 from FT.com - Energy Utilities Mining
For those prepared to brave the risks, substantial value may be revealed when the storm clouds finally pass

Oil spill: storm could threaten BP clean-up for 14 days, says Coast Guard
2010-06-26 21:47:16 from Energy - Telegraph
BP has been warned that the first major hurricane of the season could halt clean-up operations at the Deepwater spill site for at least 14 days, which would leave the oil giant at the mercy of further downward pressure on its share price.

Tropical storm threatens BP oil slick clean-up in Gulf of Mexico
2010-06-26 11:30:02 from Energy - Telegraph
Clean-up operations could be shutdown for at least two weeks and threaten to push millions of gallons of oil and toxic dispersant onshore.

Dutch court orders Rosneft payment
2010-06-26 04:44:55 from FT.com - Energy Utilities Mining
Yukos Capital says the Dutch Supreme Court has issued a final ruling ordering the Russian state oil company to pay $400m in claims by a former affiliate of Yukos

The big stories
2010-06-26 03:00:00 from FT.com - Energy Utilities Mining
If BP shareholders were expecting a reprieve this week from a brutal sell-off that has wiped out more than half of the oil company's market capitalisation, they were...

Court orders Rosneft payment
2010-06-26 03:00:00 from FT.com - Energy Utilities Mining
The Dutch Supreme Court has issued a final ruling ordering Rosneft to pay $400m in claims by a former affiliate of Yukos, the bankrupt Russian oil group that was...

Coal-fired power plants to be snuffed out faster than expected
2010-06-26 03:00:00 from FT.com - Energy Utilities Mining
US Congress may not pass a climate bill this year, but that would not mean the environmental movement has lost its fight to cut coal use. On the contrary, there will...

Ambanis agree terms on gas supply
2010-06-26 01:37:15 from FT.com - Energy Utilities Mining
Anil Ambani's Reliance Natural Resources has reached an agreement to buy gas from elder brother Mukesh Ambani's Reliance Industries, settling for now the issue at the centre of a family feud

BP oil spill: The more optimistic Tony Hayward sounds, the worse things get
2010-06-25 20:59:17 from Energy - Telegraph
As object lessons go, the BP saga has become a must for oil men, engineers and financiers. But what about linguists?

BP shares at 14-year low on funding woes, storm fears
2010-06-25 19:44:24 from Energy - Telegraph
BP's funding costs rise amid questions over oil spill finances and threat a potential hurricane in the Gulf of Mexico.

BP's shares hit 14-year low
2010-06-25 14:13:55 from FT.com - Energy Utilities Mining
Shares fall to a 14-year low on Friday on fears that the company will have to raise larger-than-expected cash funds to pay the costs associated with its oil spill

BP oil spill: shares slump further as hurricane fears rise
2010-06-25 10:52:27 from Energy - Telegraph
Shares slump to a 14-year low as hurricane worries add to a cocktail of fears for investors.

Nat Rothschild launches new mining venture
2010-06-25 09:17:01 from FT.com - Energy Utilities Mining
The scion of the famous banking family has teamed up with James Campbell, the former head of Anglo American, and is seeking to raise £600m for a new venture called Vallar to invest in mining operations

Gillard makes mining tax her top priority
2010-06-25 08:41:29 from FT.com - Energy Utilities Mining
Julia Gillard, the country's new prime minister, says her first priority will be to resolve an impasse with the mining industry over a controversial proposed resources profits tax.

Gillard calls truce with miners
2010-06-25 03:00:00 from FT.com - Energy Utilities Mining
Julia Gillard, Australia's newly crowned prime minister, has declared a truce with the country's powerful mining industry over a controversial new resources tax,...

Court drops Yukos charges
2010-06-25 03:00:00 from FT.com - Energy Utilities Mining
A Moscow court yesterday dropped criminal charges against the former vice-president of Yukos, the now dismantled oil company. Vasily Alexanyan's three-year detention...

20 questions: T. Boone Pickens, Oilman
2010-06-25 03:00:00 from FT.com - Energy Utilities Mining
After graduating with a geology degree, T. Boone Pickens went into the oil business. In 1956, he founded his own company, later to become known as Mesa, which...

Judge rejects hold on drilling ban decision
2010-06-25 02:47:49 from FT.com - Energy Utilities Mining
The federal judge who overturned the Obama administration's ban on deepwater drilling dealt another blow to the White House, rejecting its application to put a hold on his decision

BP oil spill: Suicide of fisherman 'distraught at spill'
2010-06-24 22:57:34 from Energy - Telegraph
Further blow for BP amid reports that a fisherman forced to take a job as one of its clean-up workers killed himself after becoming upset about the oil spill.

Chief moves to assure staff that worst is over
2010-06-24 22:43:47 from FT.com - Energy Utilities Mining
Tony Hayward performs a sweep of town hall meetings with the company's staff, telling employees that BP's health had stabilised and that it had moved into the 'intensive care' ward

Venezuela to nationalise US oil rigs
2010-06-24 17:40:56 from FT.com - Energy Utilities Mining
Venezuela is nationalising 11 oil rigs belonging to US driller Helmerich & Payne, the latest in a series of takeovers in President Hugo Chávez's drive to create a socialist economy in the middle of a recession

Russia restores gas supply to Belarus
2010-06-24 10:10:03 from Energy - Telegraph
Russia's state-controlled natural gas monopoly is resuming gas supplies to Belarus now that it has paid its nearly $200 million (£135 million) debt for previous shipments.

Oil spill: BP resumes siphon after accident
2010-06-24 08:07:59 from Energy - Telegraph
BP has resumed collecting oil from its leaking Gulf of Mexico well after an accident left oil gushing largely unchecked.

Petrobras delays share issue
2010-06-24 03:00:00 from FT.com - Energy Utilities Mining
Petrobras, Brazil's national oil company, has postponed until September a share issue that was expected to raise about $25bn. The company said it would delay the issue...

A bear hug brings benefits for wary Taiwan
2010-06-24 03:00:00 from FT.com - Energy Utilities Mining
Along with their electricity bill from the state-owned power company, Taiwanese residents recently received a pamphlet extolling the virtues of a trade agreement with...

US oil regulator pledges to create internal 'swat team'
2010-06-24 03:00:00 from FT.com - Energy Utilities Mining
The new regulator for the oil and gas industry said he is creating an internal "swat team" to ensure that inspectors are as aggressive as possible in their review of...

Oil drops after IEA forecasts oversupply
2010-06-24 03:00:00 from FT.com - Energy Utilities Mining
Oil and natural gas markets are set to remain oversupplied until 2015, the International Energy Agency said yesterday, forecasting in its annual medium-term outlook...

Cadogan stake changes hands
2010-06-24 02:08:09 from FT.com - Energy Utilities Mining
The purchase by Shon Invest of a 29.1% interest in US hedge fund Weiss Asset Management ends the battle to remove Cadogan's management ahead of winding down the gas explorer

Claimants weigh risks of BP fund
2010-06-24 00:07:12 from FT.com - Energy Utilities Mining
The compensation pot set up by BP over the Gulf of Mexico oil pollution could prove less attractive to claimants than the fund for victims of the September 11 2001 terrorist attacks, legal experts said

Budget 2010: Time to see the light on nuclear energy
2010-06-23 23:58:16 from Energy - Telegraph
Tuesday's Budget saw the Government adopt Ofgem's estimate that the UK must spend £200bn on its power stations and energy infrastructure if it is to keep the lights on with secure, diverse and low carbon sources of energy.

BP claimants offered route to fast payout
2010-06-23 23:57:37 from FT.com - Energy Utilities Mining
Kenneth Feinberg, newly appointed administrator of the $20bn BP fund, is faced with the challenge of getting claimants sign away their rights to sue the British oil giant

BP oil flow increases after accident
2010-06-23 22:38:14 from Energy - Telegraph
Oil gushing largely unchecked from BP's stricken well on Wednesday night - after robot crashes into containment system.

Spain pressed over solar tariff cuts
2010-06-23 22:33:37 from FT.com - Energy Utilities Mining
The country's cash-strapped government is under increasing pressure to back down on plans to retroactively reduce special tariffs to photovoltaic energy operators

Dudley: the Mississippian who survived Russia
2010-06-23 20:23:29 from FT.com - Energy Utilities Mining
It was during his visit to the oil-spattered beaches of Louisiana's Grand Isle that Robert Dudley made his first serious impression on the American public

Film raises shale gas pollution fears
2010-06-23 20:18:11 from Energy - Telegraph
The US energy industry is facing further criticism over its environmental record, after a new film claimed some Americans living near shale gas fields can ignite their polluted drinking water.

Dudley to head BP taskforce in Gulf of Mexico
2010-06-23 19:48:16 from FT.com - Energy Utilities Mining
The UK oil group group hopes the even-tempered Mississippian will help revive its fortunes in the US

BP removes cap from leaking well
2010-06-23 19:38:52 from FT.com - Energy Utilities Mining
Crews check after an underwater robot bumped into the venting system, sending gas through the vent that carries warm water down to prevent ice-like crystals from forming in the cap

Belarus threatens to cut off Europe's gas
2010-06-23 19:13:35 from Energy - Telegraph
Belarus warned it would cut off gas supplies to Europe on Thursday unless Moscow handed over £175 million in transit fees.

BP oil spill: White House to appeal ruling ending deepwater drilling freeze
2010-06-23 09:02:03 from Energy - Telegraph
White House to issue a fresh moratorium on deepwater oil drilling due to BP's Gulf of Mexico spill after judge blocks freeze.

Petrobras postpones $25bn share issue
2010-06-23 03:41:21 from FT.com - Energy Utilities Mining
Brazil's national oil company is delaying its complex capitalisation plan because a valuation commissioned by the industry regulator will not be ready before August 

Lessons from the 1930s for a rising renminbi
2010-06-23 03:00:00 from FT.com - Energy Utilities Mining
Last weekend China, under relentless US pressure to end the renminbi's peg to the dollar, once again blew hot and cold by announcing that it would "enhance" exchange...

Guinea threat over Rio dispute
2010-06-22 23:46:40 from FT.com - Energy Utilities Mining
The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the Anglo-Australian mining group of more of its rights to one of the world's biggest undeveloped iron ore deposits

BP seeks to reassure North Sea workers
2010-06-22 23:31:54 from FT.com - Energy Utilities Mining
The oil group's managing director in the North Sea is to meet staff in Aberdeen to tell them BP will continue its operations there, as Tony Hayward, the embattled chief executive, makes a similar trip to Russia

US judge reverses drilling moratorium
2010-06-22 22:34:14 from FT.com - Energy Utilities Mining
A federal judge in Louisiana over-turned the Obama administration's six-month moratorium on deepwater oil drilling in the Gulf of Mexico, imposed after the BP oil spill began nine weeks ago

BP fallout threatens smaller operators
2010-06-22 21:45:06 from FT.com - Energy Utilities Mining
Washington's pursuit of BP to set up a $20bn (£13.5bn) fund to pay for the liabilities from the fatal explosion of Deepwater Horizon in the US Gulf of Mexico, could have important unintended consequences for other companies in the oil industry

Russia pushing for control of fuel supplies to crucial US airbase
2010-06-22 19:40:56 from Energy - Telegraph
Russia is pushing to impose a direct fuel supply deal on the US's airbase in Kyrgyzstan that would allow it to force a rapid closure of the base once it is no longer necessary to support Nato operations in Afghanistan.

Brazil lobbyist urges US to scrap ethanol tariff
2010-06-22 19:26:13 from FT.com - Energy Utilities Mining
President Obama should remove a tariff on imported ethanol that protects the US maize-based industry and locks out sugarcane-based ethanol, according the president of the Brazilian sugarcane industry association

Obama to push climate change on back of BP spill
2010-06-22 17:56:26 from FT.com - Energy Utilities Mining
Barack Obama will make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels

Anxious Anadarko goes on the attack
2010-06-22 17:40:36 from FT.com - Energy Utilities Mining
While most independent oil and gas operators in the Gulf of Mexico have been hit by the oil spill, the impact on Anadarko is far more severe

Oil spill: BP reassures over Russian, North Sea assets
2010-06-22 16:49:06 from Energy - Telegraph
Oil group sends top executive on a tour of North Sea oil rigs to reassure workers their jobs are safe.

'Gas war' breaks out between Russia and Belarus
2010-06-22 16:23:59 from Energy - Telegraph
Belarus has said it will cut off pipes supplying gas from Russia to Europe and start to siphoning off supplies in a move that marked a sharp escalation in the "gas war" with the Kremlin.

BP warns on 'severe' impact of Gulf spill
2010-06-22 13:33:10 from FT.com - Energy Utilities Mining
Oil group admits that Deepwater Horizon oil rig explosion was a 'major setback at a key frontier'

BP oil spill: Tony Hayward pulls out of oil conference
2010-06-22 09:07:38 from Energy - Telegraph
BP shares fall another 2pc on new allegations that it ignored safety warnings before the Deepwater Horizon rig exploded in the Gulf of Mexico.

Fabio Capello, Tony Hayward and Roger Federer: The men unaccustomed to failure...
2010-06-22 08:38:36 from Energy - Telegraph
Capello, Hayward and Federer have been under extraordinary pressure. But at least one of them knows how to handle it, says Jim White.

Canada to capitalise on Australia's super-tax
2010-06-22 04:03:49 from FT.com - Energy Utilities Mining
Politicians and business groups use Canberra's proposed natural resources tax to lure foreign investment as Ottawa's ruling Conservatives move to lower corporate taxes

Petrobras plans $224bn fields investment
2010-06-22 03:45:40 from FT.com - Energy Utilities Mining
Brazil's national oil company aims to invest between 2010 and 2014 as it begins to produce oil from its potentially vast deep water pre-salt fields, discovered in 2007

BHP and Rio agree to higher venture royalties
2010-06-21 23:36:59 from FT.com - Energy Utilities Mining
The two miners cleared an important hurdle in their plans to establish an iron ore production undertaking in Western Australia after reaching a deal with the state government

Reliance poised for US shale gas deal
2010-06-21 22:14:10 from FT.com - Energy Utilities Mining
India's Reliance Industries is to announce that it will pay $1.35bn to acquire a stake in a Texas shale gas field controlled by Pioneer Natural Resources of the US

BP 'informed of leak' by worker weeks before oil spill
2010-06-21 21:46:33 from Energy - Telegraph
BP shares fall another 2pc on new allegations that it ignored safety warnings before the Deepwater Horizon rig exploded in the Gulf of Mexico.

Robert Dudley: the BP fixer tasked with winning over US oil spill critics
2010-06-21 21:39:19 from Energy - Telegraph
Bob Dudley has endured his fair share of hostile working environments during his time with BP.

Democrats scour for BP sympathisers
2010-06-21 19:51:05 from FT.com - Energy Utilities Mining
In the past few days, Democratic operatives have been scouring every Republican utterance for evidence the Grand Old Party sympathises with BP, or hankers to restart offshore drilling as soon as possible

Lawyers tap into gush of potential court actions
2010-06-21 19:30:52 from FT.com - Energy Utilities Mining
The operation of the $20bn compensation fund agreed by BP over the Gulf of Mexico oil spill is the largest uncertainty yet in a series of evolving legal conundrums that will face the group during the coming months and years

Hayward acts to stem BP identity crisis
2010-06-21 19:18:01 from FT.com - Energy Utilities Mining
At BP's sprawling campus in suburban Sunbury-on-Thames and in the elegant halls of its headquarters in St James's Square, Mayfair, the realisation that the company was in deep trouble set in about a week ago, two months after the deadly explosion of the Deepwater Horizon rig in the Gulf of Mexico.

Acergy and Subsea 7 agree $5.4bn merger
2010-06-21 18:44:11 from FT.com - Energy Utilities Mining
Acergy and Subsea 7 agree a $5.4bn merger, in the first major consolidation in the oil services sector since BP's Gulf of Mexico oil spill raised industry concerns of a regulatory clampdown on deepwater drilling activity

Enel's green credentials challenged ahead of IPO
2010-06-21 17:38:23 from FT.com - Energy Utilities Mining
Enel hopes the flotation of its renewable energies division will become Europe's biggest initial public offering since the global financial crisis erupted two years ago

India to press for extradition of Bhopal gas leak boss
2010-06-21 14:58:58 from Energy - Telegraph
India is to press the US to extradite Warren Anderson, the former Union Carbide head blamed for the 1984 Bhopal gas leak in which as many as 25,000 people died in the world's worst ever industrial disaster.

Russia cuts off gas supply to Belarus over unpaid bill
2010-06-21 09:38:53 from Energy - Telegraph
Russia reduced natural gas supplies to Belarus on Monday after Minsk failed to settle arrears, brandishing again the country's energy clout and raising the spectre of supply disruption to Europe.

Australia and China sign over $8bn worth of deals
2010-06-21 06:00:47 from FT.com - Energy Utilities Mining
Australia and China inked commercial deals worth more than $8.8bn, largely in mining, in another sign that a new Australian mining tax has failed to dampen inward Chinese investment

Australia mine executives on missing plane
2010-06-21 05:31:45 from FT.com - Energy Utilities Mining
An aircraft carrying Ken Talbot, director of Sundance Resources, and other executives from Gindalbie and Western Areas, has disappeared en route from Cameroon to the Republic of Congo

View from the Top: Gareth Penny, Chief executive, De Beers
2010-06-21 03:00:00 from FT.com - Energy Utilities Mining
Gareth Penny has led De Beers, the world's largest diamond company, through its worst crisis since it lost its monopoly status a decade ago. The South African manager...

Oil groups expect rethink on drill moratorium
2010-06-21 03:00:00 from FT.com - Energy Utilities Mining
The big oil companies are keeping their rigs on standby in the Gulf of Mexico in expectation of at least a partial lifting of the moratorium on new deep-water drilling...

Miners still in the dark over 'super tax' plan
2010-06-21 03:00:00 from FT.com - Energy Utilities Mining
Funding for mining projects in Australia, a golden goose of global metal supplies, is entering a potentially extended slowdown as mining companies wait to see if the...

Saudi Arabian gold reserves double
2010-06-21 03:00:00 from FT.com - Energy Utilities Mining
Saudi Arabia, the world's fourth-largest holder of foreign exchange reserves, is sitting on more than twice as much gold as previously thought, according to new...

Risks, hazards and the conflicting roles of regulators
2010-06-21 03:00:00 from FT.com - Energy Utilities Mining
These are tricky times to be a regulator. Last week the main US oil and gas watchdog got a new boss, the old one having gone with the BP blow-out. And the UK's...

Oyster processors close shop as spill grows
2010-06-20 23:52:34 from FT.com - Energy Utilities Mining
The US Gulf coast's leading oyster processor suspended operations at the weekend because of supply shortages that the company blamed in part on the diversion of oyster boats to BP's oil cleanup efforts

Anadarko's bright future dimmed by Gulf spill
2010-06-20 23:14:03 from FT.com - Energy Utilities Mining
Anadarko Petroleum started the year the envy of the majors, with unprecedented exploration success yielding nine significant deep-water discoveries in 2009. These discoveries stretched from the Gulf of Mexico to Brazil and along west Africa's oil coast from Ghana to Sierra Leone

Peter Loscher believes green technology is key to Siemens' future
2010-06-20 21:48:23 from Energy - Telegraph
As thousands of gallons of oil wash up on the shores of Louisiana this weekend, one man might be forgiven for thinking it's not all as bad as it seems.

BP considers doubling sale of assets
2010-06-20 19:58:06 from FT.com - Energy Utilities Mining
BP is considering doubling its planned asset disposal programme to $20bn (€16bn, £13.5bn) as part of a drive to strengthen the company's liquidity as it comes under severe financial pressure

BP chief seeks to reassure on damages fund
2010-06-20 19:43:53 from FT.com - Energy Utilities Mining
Tony Hayward's planned trip to Russia underscores the country's importance to BP and also the concerns that have begun to surface following the company's oil spill in the US

BP chief looks to calm Russian fears
2010-06-20 19:19:25 from FT.com - Energy Utilities Mining
Tony Hayward, BP's chief executive, is planning to travel to Russia to reassure Dmitry Medvedev, its president, that the UK oil group is not on the brink of collapse after its spill in the Gulf of Mexico

British landscapes under threat from new wave of pylons
2010-06-20 16:00:54 from Energy - Telegraph
Britain's most beautiful landscapes are under threat from a new wave of high-voltage pylons to be announced by the National Grid, conservationists warned yesterday.

The 'hippy' wind farm tycoon receiving millions in subsidies
2010-06-19 19:26:43 from Energy - Telegraph
With a fortune estimated at close to £100 million, Dale Vince, a former hippy who once lived in a truck, is probably Britain's most successful eco-tycoon.

BP shuts drillship systems Friday
2010-06-19 17:16:06 from FT.com - Energy Utilities Mining
BP said one of its oil-capture systems at the gushing leak in the Gulf of Mexico shut down to fix a problem on a piece of fire-prevention equipment

Firms paid to shut down wind farms when the wind is blowing
2010-06-19 14:03:55 from Energy - Telegraph
Britain's biggest wind farm companies are to be paid not to produce electricity when the wind is blowing.

'Reckless' BP blamed by partner for oil spill
2010-06-19 09:11:04 from Energy - Telegraph
Oil giant under further pressure after partner said "gross negligence or wilful misconduct" were to blame for the disastrous Gulf of Mexico oil spill.

BP North Sea venture with Iran hit by US ban
2010-06-18 21:49:19 from Energy - Telegraph
The US has imposed sanctions on an Iranian oil company working with BP in the North Sea - listing it as a body that "persons should not do business with".

BP set for overhaul as it seeks cash to pay for oil spill crisis
2010-06-18 21:29:14 from Energy - Telegraph
Which assets will BP sell and what shape will the group take after the Gulf of Mexico oil spill?

Hayward and Svanberg are compounding BP oil spill crisis rather than solving it
2010-06-18 19:40:40 from Energy - Telegraph
The public flogging is over - for now. No doubt BP's senior management will find themselves back in the stocks before too long.

BP in race to boost rate of oil capture
2010-06-18 19:25:13 from FT.com - Energy Utilities Mining
BP is now capturing about two-thirds of the oil that the US government believes is leaking from its ruptured well in the Gulf of Mexico, with the embattled company rushing to improve the rate of capture in the next two weeks

Lord Turner calls for cleaner gas power plants
2010-06-18 19:22:02 from Energy - Telegraph
Lord Adair Turner, chairman of the Committee on Climate Change, has written to the Energy Secretary asking that the Carbon Capture and Storage (CCS) competition be extended to include gas as well as coal projects.

Moody's downgrades BP over burgeoning oil spill costs
2010-06-18 14:25:34 from Energy - Telegraph
BP received a fresh blow after the burgeoning cost of the Gulf of Mexico oil spill led Moody's to downgrade the embattled oil group's credit rating.

UK investors more sanguine on BP
2010-06-18 03:50:25 from FT.com - Energy Utilities Mining
British brokers talk about lining up hedge funds and long-term institutions to pick up BP shares on the cheap following the oil spill in the Gulf of Mexico

China to step up exploring in deep water
2010-06-18 03:06:26 from FT.com - Energy Utilities Mining
The Gulf of Mexico is still under a drilling moratorium after the BP oil spill but plans by CNOOC on the other side of the world, in the South China Sea, remain largely unchanged

Small talk
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
John Gapper's blog: Oh dear. Language can be so tricky. Carl-Henric Svanberg, the BP chairman, whipped up yet more trouble for the company following his meeting...

US queries oil price benchmark
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
The US Department of Energy has joined the list of critics of West Texas Intermediate, saying the US oil benchmark "does not always exactly follow the broader oil...

'Small people' seize chance to vent fears
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
The 33,439 inhabitants of Chalmette, Louisiana are among the "small people" of the oil-stricken Gulf of Mexico coast, in the illchosen words of Carl-Henric Svanberg,...

EU aligns with US to tighten Tehran sanctions
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
European leaders joined the US effort to escalate pressure on Iran yesterday, agreeing economic sanctions beyond those approved by the United Nations Security Council...

Backers resigned to no dividend payments
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
Investors may not relish the prospect of no dividend pay-outs from BP for the rest of the year, but they were resigned to this reality yesterday, writes Kate...

Watchdog's fitness to handle spill investigation questioned
2010-06-18 03:00:00 from FT.com - Energy Utilities Mining
The Obama administration's investigation into the Deepwater Horizon disaster is being conducted "completely backwards", according to a government watchdog that...

Transit deal boosts Edison's pipeline hopes
2010-06-18 02:23:21 from FT.com - Energy Utilities Mining
An agreement between the energy group and Greek and Turkish state gas companies takes it closer to completing a pipeline link that will bring Caspian gas to Italy

Share drift signals Anadarko dispute
2010-06-18 01:54:06 from FT.com - Energy Utilities Mining
The US exploration and production company owns a 25% stake in the ill-fated Macondo well and is liable to pay a share of any clean-up bill unless BP is found guilty of gross negligence

BP considers successors for Hayward
2010-06-17 22:59:27 from FT.com - Energy Utilities Mining
Sources say Carl-Henric Svanberg is seeking advice on a possible replacement for the UK oil group's CEO – likely between Bob Dudley and Iain Conn – as the company faces a US Congress panel

Uganda firm on $360m Heritage Oil tax bill
2010-06-17 21:54:37 from FT.com - Energy Utilities Mining
Uganda is insisting that Heritage Oil, the UK-listed oil explorer, must agree to pay $360m in capital gains tax on the "super profits" it will make on a $1.35bn oil fields sale, before it will sanction the deal.

Tax dispute hits Heritage's Ugandan sale to Tullow
2010-06-17 19:46:47 from Energy - Telegraph
Heritage Oil, the company that discovered two of the largest oil fields in Uganda, said yesterday that it would seek arbitration in London to settle a tax dispute with the African nation's government.

Cape shares surge on talk of potential suitor
2010-06-17 19:44:25 from Energy - Telegraph
Shares in energy and mining service company Cape jumped 26p to 227½p on market speculation that the group had received a takeover approach.

Energy explorer Fairfield plans £338m flotation
2010-06-17 18:29:47 from Energy - Telegraph
UK energy exploration company Fairfield Energy hopes to raise as much as £338m from a London listing.

Shell faces tougher scrutiny of Nigeria drilling
2010-06-17 17:45:52 from FT.com - Energy Utilities Mining
Royal Dutch Shell has reviewed the safety of its operations in Nigeria following the BP oil spill in the Gulf of Mexico and is braced for tougher scrutiny of its much criticised environmental performance in the country

BP oil spill: Tony Hayward 'will be spliced and diced' by US politicians
2010-06-17 11:03:27 from Energy - Telegraph
Tony Hayward faces up to the 'terrible reality' of BP's oil spill ahead of his appearance before key Congressional committee in Washington.

Long wait before BP knows total bill
2010-06-17 05:14:16 from FT.com - Energy Utilities Mining
The $20bn initial settlement with the US to cover claims relating to the Gulf of Mexico oil spill is not a cap on potential liability, with analysts estimating it could reach up to $49bn

Mining trio unite against Australian tax
2010-06-17 02:58:43 from FT.com - Energy Utilities Mining
Rio Tinto, BHP Billiton and Xstrata press the Labor government to address the industry's three most serious concerns about the proposed 'super-profits tax on miners'

Xstrata commits to Australian mine
2010-06-16 23:41:33 from Energy - Telegraph
Xstrata has said that it remains "committed" to its copper and zinc operations at Mount Isa in Queensland despite increasing rhetoric surrounding the proposed resources super tax in Australia.

Oil spill: Rothschild mulls Transocean stake sale after Gulf spill
2010-06-16 23:37:09 from Energy - Telegraph
Lord Rothschild took a £30m gamble on the offshore oil specialist Transocean just months before the explosion on its drilling platform.

Fairfield gearing up for $500m flotation
2010-06-16 23:04:02 from FT.com - Energy Utilities Mining
The bulk of the funds that would be raised is likely to be used for developing its Dunlin North Sea fields, with about $100m going toward exploration

Oil has become the new tobacco
2010-06-16 22:54:18 from FT.com - Energy Utilities Mining
Corporations' reserves make them what lawyers call 'deep pockets' – defendants that are worth suing because they can afford to pay large sums in compensation, writes John Gapper

Oil spill: BP suspends dividend to pay for $20bn clean-up fund
2010-06-16 22:22:56 from Energy - Telegraph
BP suspends dividend payments and moves to slash its capital expenditure bill after agreeing to $20bn (£13.5bn) clean-up and compensation fund.

MEG Energy plans C$500m IPO
2010-06-16 17:16:45 from FT.com - Energy Utilities Mining
MEG Energy, an Alberta oil sands producer 17 per cent owned by China National Offshore Oil Corporation, plans to raise more than C$500m through a public share offering

BP oil spill: Tony Blair is the right man to be BP chairman
2010-06-16 11:15:15 from Energy - Telegraph
It's not a sinecure after all, being chairman of an international oil company. Nobody blames Carl-Henric Svanberg for taking the job at BP - it was an honour to be asked, and lack of experience in the oil business did not prevent his predecessor, Peter Sutherland, coping with his own crisis well enough.

Congress attacks energy groups
2010-06-16 03:00:00 from FT.com - Energy Utilities Mining
The world's top energy companies are just as unprepared as BP to handle a big oil spill, US lawmakers charged yesterday after a review of the companies' emergency...

BP oil spill: Barack Obama's speech in full
2010-06-16 02:15:33 from Energy - Telegraph
Barack Obama has made his first speech from the Oval Office, addressing the BP oil spill crisis that is unfolding in the Gulf of Mexico. Here is his speech in full;

Obama vows BP will pay for spill
2010-06-16 01:41:42 from FT.com - Energy Utilities Mining
President Barack Obama issued an urgent call for the US to lessen its reliance on oil and move towards cleaner energy, urging Congress to act to reduce the chances of a catastrophe like the Gulf of Mexico oil spill ever happening again

Sharp increase in BP spill estimate
2010-06-16 00:48:41 from FT.com - Energy Utilities Mining
The Obama administration has sharply lifted its estimate of the amount of oil gushing into the Mexican gulf because of the BP disaster to 60,000 barrels a day

Obama picks official to lead drilling watchdog reform
2010-06-16 00:17:56 from FT.com - Energy Utilities Mining
The Obama administration named Michael Bromwich, a former justice department inspector-general, to reform the Minerals Management Service, the drilling watchdog that has been widely criticised for lax oversight of the industry

Fitch sharply lowers BP's rating
2010-06-15 23:05:30 from FT.com - Energy Utilities Mining
BP's credit rating was cut sharply by Fitch, the rating agency, from double A to to triple B, leaving it just two notches above 'junk' status and potentially raising the company's cost of borrowing

High-level tensions behind the clean-up effort
2010-06-15 22:52:32 from FT.com - Energy Utilities Mining
Tensions between BP and the US administration – to be on show at the highest levels today in the meeting between President Barack Obama and the company's chairman and senior executives – are also having an effect all the way down the chain of command on the effort to fight the Gulf of Mexico spill.

Spice rejects £316m takeover bid from Cinven
2010-06-15 22:27:45 from FT.com - Energy Utilities Mining
Offer of 56p a share is 'opportunistic' as price rally following gas unit disposal cuts the premium to under 10%, says utility services group

Oil spill: Barack Obama to appoint BP 'oil tsar'
2010-06-15 21:06:18 from Energy - Telegraph
Barack Obama is expected to name an 'oil tsar' to co-ordinate the US government's response to the Gulf of Mexico oil spill.

Questor: Western Coal's ambitious growth plans make it a buy
2010-06-15 18:26:43 from Energy - Telegraph
Western Coal shows ambitious growth plans while GlaxoSmithKline shares show a good entry point, Questor says buy.

BP oil spill: Fitch downgrades BP to near-junk rating
2010-06-15 13:52:02 from Energy - Telegraph
International ratings agency Fitch has slashed BP's credit rating six notches from "AA" to "BBB", on concerns over the Gulf of Mexico oil spill disaster.

Texans fear offshore drilling ban will make economy the second disaster
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
Staff at the Ocean Star offshore drilling rig and museum say they have seen visitor numbers pick up since the Gulf of Mexico oil disaster began dominating headlines...

Tale of two strikes
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
Two disputes tell us something about the future of industrial relations - and a lot about the politics of Unite, the largest trade union. These are the bitter strikes...

Korea Finance to pump $80bn into growth industries
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
Korea Finance Corp, a state-run financing group, plans to provide more than $80bn in policy loans over the next five years to support Seoul's push into strategic...

Nigerian group eyes Exxon venture
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
A Nigerian company with close ties to China has offered $4.8bn to buy stakes in ExxonMobil's oil venture in the country, intensifying a tussle for sub-Saharan Africa's...

Ministers urged to extend wind subsidies
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
One of the biggest backers of UK wind power will warn the government today that subsidies for the industry must be extended or investment will be put at risk as...

BP faces demand for $20bn pay-out
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
Shares in BP tumbled more than 9 per cent yesterday as US Democratic senators called on the multinational oil company to inject $20bn immediately into a ring-fenced...

The age of 'Indovation' dawns
2010-06-15 03:00:00 from FT.com - Energy Utilities Mining
When Armin Bruck, managing director of Siemens in India, set out to convince the board of the German engineering company of the potential of Indian innovation, he gave...

Tony Hayward prepares to face his accusers
2010-06-15 00:32:51 from Energy - Telegraph
When Tony Hayward enters the rather ordinary wood-panelled surroundings of committee room 2123 in the Rayburn Building on Capitol Hill on Thursday morning, it will be no ordinary day.

BP shares plunge as spill costs grow
2010-06-14 23:44:03 from FT.com - Energy Utilities Mining
BP's shares suffered one of their steepest falls in its history, losing nearly 10 per cent of their value, as investors digested the fact that US lawmakers had hit the company with a bill for $20bn and demanded a response by Friday

US lawmakers point to BP's 'hasty decisions'
2010-06-14 21:19:29 from FT.com - Energy Utilities Mining
BP took decisions aimed at cutting costs and speeding work at its Gulf of Mexico oil well that increased the risk of a blow-out, two Democratic lawmakers said in a letter to Tony Hayward, BP chief executive officer

Dana buys Suncor's North Sea oil assets
2010-06-14 20:24:26 from FT.com - Energy Utilities Mining
The UK oil explorer has purchased £270m of Dutch assets from Canada's Suncor Energy, rekindling expectations for a renewed round of corporate consolidation in the North Sea

Nigerian group eyes stake in Exxon venture
2010-06-14 16:53:33 from FT.com - Energy Utilities Mining
A Nigerian company with close ties to China is offering $4.8bn to buy stakes in ExxonMobil's oil venture in the country, in a move that appears designed to capitalise on uncertainty in the country's oil industry

Oil spill: BP tumbles 10pc as Moody's raises fears for Gulf of Mexico oil companies
2010-06-14 15:56:08 from Energy - Telegraph
BP stock hit after credit rating agency said the US's worst oil spill has created a crisis for Gulf of Mexico operators.

China's Goldwind shelves Hong Kong IPO
2010-06-14 10:22:04 from FT.com - Energy Utilities Mining
The wind power equipment maker has scrapped plans to raise as much as $1.2bn, blaming a deterioration in market conditions

Dana Petroleum pays £270m for Petro Canada Netherlands
2010-06-14 09:00:24 from Energy - Telegraph
Dana Petroleum, the British oil and gas explorer, is to pay €328m (£270m) for Petro Canada Netherlands, which operates in the Dutch sector of the North Sea.

Call to set up fund to meet claims by spill victims
2010-06-14 03:00:00 from FT.com - Energy Utilities Mining
The US administration said yesterday it wanted an independent third party to administer a BP fund that would be set aside to meet claims by victims of the Gulf of...

Svanberg under scrutiny at BP
2010-06-13 23:03:27 from FT.com - Energy Utilities Mining
Shareholders are critical of the energy group chairman's low profile over the oil spill in the Gulf of Mexico

BP oil spill: Canada suspends licenses for deepwater drilling
2010-06-13 21:55:20 from Energy - Telegraph
Just weeks before the Gulf of Mexico oil spill disaster BP was actively lobbying the Canadian government to ease some of the planned rules for Arctic Ocean oil and gas exploration.

BP oil spill: Largest shareholders cut stake as price falls
2010-06-13 21:50:58 from Energy - Telegraph
Five of BP's top 10 shareholders have sold shares in weeks since the start of the Gulf of Mexico oil spill.

BP chases moving target
2010-06-13 20:40:04 from FT.com - Energy Utilities Mining
On Monday night or Tuesday morning, BP expects to put in place a new system for capturing oil from its leaking Macondo well

Oil groups distance themselves from BP
2010-06-13 20:29:20 from FT.com - Energy Utilities Mining
The chief executives of the world's biggest international oil companies will testify that the BP oil spill in the Gulf of Mexico "was preventable'', publicly distancing themselves for the first time from the UK company, the Financial Times has learnt

Britain should back down over BP
2010-06-13 19:50:30 from FT.com - Energy Utilities Mining
The row might open a rift between Barack Obama, no instinctive admirer of the British to begin with, and the new government in London. But if a serious falling out is to be avoided, it is the Brits more than the Americans who need to be careful, writes Clive Crook

Petrobras plans $25bn rights issue
2010-06-13 19:50:14 from FT.com - Energy Utilities Mining
Brazil's national oil company is preparing a share issue to raise $25bn next month to help develop its "pre-salt" oil fields

Reliance Industries eyes more US shale gas
2010-06-13 19:22:06 from FT.com - Energy Utilities Mining
India's conglomerate is in talks to acquire what would be its second US shale gas interest in as many months

Burgeoning bullion prices see vaults leap to head of banks' priority lists
2010-06-12 03:00:00 from FT.com - Energy Utilities Mining
Some of the world's biggest banks and security companies are building vaults to store gold bars and coins worth tens of billions of dollars, cashing in on resurgent...

BP seeks truce on oil spill
2010-06-12 03:00:00 from FT.com - Energy Utilities Mining
BP will next week try to reach a truce in its acrimonious battle with the US administration over its huge oil spill in Gulf of -Mexico, but will reject calls for the...

Growing demand for bullion hands banks golden opportunity in storage
2010-06-12 03:00:00 from FT.com - Energy Utilities Mining
Some of the world's biggest banks and security companies are building vaults to store gold bars and coins worth tens of billions of dollars, cashing in on resurgent...

Demand for bullion puts strain on vaults
2010-06-12 03:00:00 from FT.com - Energy Utilities Mining
Veteran gold traders are fascinated by the sea-change in bullion demand - and the strains it is putting on banks and security companies' network of cavernous vaults...

Resetting focus to African perspective
2010-06-12 01:52:30 from FT.com - Energy Utilities Mining
Mining spin-off African Barrick Gold is eyeing projects and acquisitions across the continent, a move that is bringing existing assets up to speed

BP feels the ire of a Machiavelli
2010-06-11 22:45:33 from FT.com - Energy Utilities Mining
Disasters such as that in the Gulf can be addressed without all-out witch-hunts or constitutional abuses, writes Christopher Caldwell

BP pressured to expand oil capture capacity
2010-06-11 20:48:31 from FT.com - Energy Utilities Mining
The US government is pressuring BP to build the capacity to capture up to 50,000 barrels per day of oil as estimates of the amount gushing from its leaking well into the gulf continue to rise

Florida frets as BP spill hits tourism
2010-06-11 20:40:49 from FT.com - Energy Utilities Mining
Pensacola, Florida, which depends on tourism and business from a large naval base nearby, has suffered a rash of cancellations in the past 10 days

BP oil spill clean-up costs could total $6bn
2010-06-11 15:13:40 from Energy - Telegraph
BP's share price increased on Friday despite rising estimates for the cost of cleaning up the Gulf of Mexico oil spill.

BP oil spill: Is Barack Obama the man for a crisis?
2010-06-11 08:31:11 from Energy - Telegraph
Despite the tough talk directed at BP, Americans are demanding more passion from Barack Obama, says Alex Spillius.

Cameron steps into fray to defend BP
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
Prime Minister David Cameron has leapt to BP's defence, emphasising the "economic value" the oil company brings to the UK and US, in a clear signal of British concerns...

Costs absorbed
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
Most oil companies are absorbing the costs of the moratorium in the Gulf of Mexico and maintaining contracts with drilling rigs, which will limit the financial effect...

Energy scare
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
Ian Holdsworth: I once came across a letter to a newspaper from someone who had calculated that wind turbines and tidal power might damage global weather...

Cameron urged to defend BP against attack
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
David Cameron, the British prime minister, was under intensifying domestic pressure last night to defend BP from being "beaten up over the airwaves" by President...

Funds wait on dividend news
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
BP's UK shareholders were yesterday anxiously awaiting a statement from the oil company on plans for its dividend. The oil major is a big income generator for UK fund...

BP's Russian misadventure may be useful experience
2010-06-11 03:00:00 from FT.com - Energy Utilities Mining
BP is no stranger to dealing with threats from politicians. But they usually come from the Kremlin, not Capitol Hill. The risk of expropriation of assets and abuse of...

Questor share tips: Hargreaves Services is a buy
2010-06-11 00:12:16 from Energy - Telegraph
Hargreaves Services 626p -9 Questor says BUY

Lawyers file class action suits against BP
2010-06-11 00:02:02 from FT.com - Energy Utilities Mining
More than 160 class action lawsuits have been filed against BP over the damage caused by the Gulf of Mexico oil spill, plaintiffs' attorneys say, as they gear up to sue the British oil group for billions.

BP stock goes from blue-chip to hot tip
2010-06-10 23:51:16 from FT.com - Energy Utilities Mining
The UK oil company's shares have undergone a remarkable and rapid transformation in the eyes of investors in only seven weeks: from value stock, to growth stock, to day-trader stock

Backlash grows to 'anti-British rhetoric'
2010-06-10 23:25:33 from FT.com - Energy Utilities Mining
Boris Johnson, the Conservative mayor of London, launched an attack on Thursday on what he called the 'anti-British rhetoric that seems to be permeating from America'. His statement typified the growing British backlash against the perceived scapegoating of BP by Barack Obama

Options that face BP if matters worsen
2010-06-10 22:26:33 from FT.com - Energy Utilities Mining
If pressure mounts, one early option is likely to be a dividend cut – a risk re­flect­ed in the shares' notional prospective yield of about 10 per cent

Investors fear no limit to BP damages
2010-06-10 22:15:01 from FT.com - Energy Utilities Mining
The reason investors have been panicking about BP over the past couple of days is that the US administration has apparently crossed a line in its determination to take action against the company

Funds wait on BP dividend news
2010-06-10 21:52:06 from FT.com - Energy Utilities Mining
BP's UK shareholders are anxiously awaiting a statement on the oil company's plans for its dividend as others express concern that its shares are unlikely to recover soon

Gazprom resists contract renegotiation
2010-06-10 18:34:58 from FT.com - Energy Utilities Mining
Gas group's chief executive fought back against pressure to further renegotiate its oil price-linked contracts as it battles falling demand and an influx of alternative gas sources

US scientists debate scale of spill
2010-06-10 14:49:31 from FT.com - Energy Utilities Mining
Although the BP and government estimates for the flow rate stood for several weeks at 5,000 b/d, one member of a team studying new evidence has said the crude flow could now be 20 times greater

Mol received illegal state aid
2010-06-10 03:00:00 from FT.com - Energy Utilities Mining
Mol, the Hungarian energy company, received about €112m ($134m) of illegal state aid from the Hungarian government, European Union competition officials in...

Increased US demand helps buoy oil price
2010-06-10 03:00:00 from FT.com - Energy Utilities Mining
Oil prices jumped to nearly $75 a barrel, up 4 per cent at some points yesterday, on optimistic signs for global economic growth and a pick-up in US oil demand...

Equity raising by energy groups hits 15-year high
2010-06-10 03:00:00 from FT.com - Energy Utilities Mining
London's independent energy companies have raised more equity capital than any other sector so far this year, as investors seek out returns less correlated with the...

BP faces bill for lost drilling wages
2010-06-10 00:55:02 from FT.com - Energy Utilities Mining
The White House stepped up pressure on BP, telling it to add the salaries of workers laid off by an offshore drilling moratorium to its bill for the Gulf of Mexico oil disaster.

BP finds unlikely ally in former critic
2010-06-10 00:31:55 from FT.com - Energy Utilities Mining
Mikhail Fridman, shareholder in TNK BP who used to be the sharpest thorn in BP's side, gives the oil company credit for what it has achieved in Russia

Energy group equity raising hits 15-year high
2010-06-09 22:34:59 from FT.com - Energy Utilities Mining
London's independent energy companies have raised more equity capital than any other sector so far this year, as investors seek out returns less correlated with the wider market turbulence

Petrobras poised for $25bn rights issue
2010-06-09 21:01:58 from FT.com - Energy Utilities Mining
Brazil's senate expected to approve move to enable national oil company to complete ambitious investment programme

Abu Dhabi plans largest solar power plant
2010-06-09 18:24:16 from Energy - Telegraph
An Abu Dhabi state-owned company on Wednesday announced plans for the biggest single solar power plant in the world, as the emirate tries to diversify energy supplies from oil.

BP shares tumble as US oil spill pressure prompts dividend fears
2010-06-09 12:32:17 from Energy - Telegraph
Shares in BP dropped a further 4pc on Wednesday as investors feared US pressure may lead the company to suspend its dividend payment.

Gas trader claims victory over Kiev
2010-06-09 03:00:00 from FT.com - Energy Utilities Mining
A company controlled by Dmitry Firtash, the Ukrainian natural gas trader, said a Stockholm court had ruled in its favour and ordered Kiev to return 11bn cu m of gas to...

Regulators in US consider UK-style approach
2010-06-09 03:00:00 from FT.com - Energy Utilities Mining
US regulators are considering scrapping the way they police the oil industry and adopting a model more closely resembling the type of regime introduced in the UK after...

Rosatom controls Uranium One
2010-06-09 03:00:00 from FT.com - Energy Utilities Mining
Rosatom, Russia's state-owned nuclear power agency, has acquired a controlling stake in Uranium One, the Toronto-listed mining company, in exchange for a mixture of...

Oil-stained pelicans clip the wings of offshore drilling lobby
2010-06-09 03:00:00 from FT.com - Energy Utilities Mining
Lengthy prime-time coverage of oil-drenched pelicans rescued from the Gulf of Mexico is rallying US public opinion behind opposition to both BP and further offshore...

Oil companies must make safety pledges
2010-06-09 00:46:13 from FT.com - Energy Utilities Mining
The heads of oil companies will be required personally to certify that their operations are in compliance with regulations in order to obtain licences to work on the outer continental shelf of the US, according to new government rules

Obama in scathing attack on BP chief
2010-06-09 00:35:22 from FT.com - Energy Utilities Mining
BP's share price fell sharply again – down almost 38 per cent since the start of the 50-day Gulf of Mexico oil crisis – as President Barack Obama launched a scathing attack on the company's chief executive and said he wanted to know 'whose ass to kick'

After the credit crisis – next it will be oil
2010-06-08 22:22:16 from FT.com - Energy Utilities Mining
Every year, peak-oil worriers say they doubt the Opec's reserve statistics that are echoed in BP's review, writes Jeremy Leggett

GDF-Suez stands by core strategic goals
2010-06-08 21:02:43 from FT.com - Energy Utilities Mining
Chief executive of the French utility group says that the draft law being debated in the French parliament could provide the framework for real competition in France

Total and Abengoa to sign UAE solar farm deal
2010-06-08 20:59:33 from FT.com - Energy Utilities Mining
Deal highlights Total's increasing presence in solar energy, an alternative fuel in which its competitors have reduced their interest in favour of developing second generation biofuels

Chloride soars as investors predict the start of a bidding war
2010-06-08 19:09:29 from Energy - Telegraph
Chloride shares jumped 19pc as investors bet that the British power protection company will become the subject of a fierce bidding war.

Norway bans deepwater oil drilling
2010-06-08 15:09:53 from FT.com - Energy Utilities Mining
The country's energy minister says deepwater oil and gas drilling will not be permitted in new areas until the investigation into the explosion and spill in the US Gulf of Mexico is complete

Petronas weighs $2bn petrochemicals IPO
2010-06-08 09:45:04 from FT.com - Energy Utilities Mining
The Malaysian state energy company is in discussions with investment banks over an initial public offering for its petrochemicals arm

Rockhopper plans £48.5m share placing after Falklands oil find
2010-06-08 08:23:15 from Energy - Telegraph
British oil explorer Rockhopper said it will raise £48.5m in a fully-underwritten placing to help it exploit larger-than-expected reserves at its Sea Lion well in the Falklands.

Rockhopper completes £48.5m share placing after Falklands oil find
2010-06-08 08:23:15 from Energy - Telegraph
British oil explorer Rockhopper has completed a £48.5m share placing to help it exploit larger-than-expected reserves at its Sea Lion well in the Falklands.

ABB to buy Chloride for £860m
2010-06-08 07:42:10 from Energy - Telegraph
ABB, the world's largest supplier of power grids, has agreed to buy Chloride Group for £860m.

Falklands oil group primes £40m cash call
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one...

Exxon Valdez case points to lengthy battle for litigants
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
It took two decades and more than $1bn (€836m, £690m) in damages for ExxonMobil to resolve the last of the lawsuits from the 1989 Exxon Valdez oil spill in...

Stakeholder coalitions in crisis
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
The diamonds are twinkling at the London offices of De Beers but appearances can deceive. Away from the showroom vault of the world's biggest diamond producer, all is...

Berlin reveals drastic €80bn cuts
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
Drastic spending cuts of more than €80bn (£66bn) were unveiled by Angela Merkel, German chancellor, yesterday, along with up to 15,000 job losses in the public...

BP seeks to increase capture of leaking oil
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
While BP says it is confident that it can improve the performance of the containment cap fitted to its leaking well in the Gulf of Mexico, it is already working on...

BP ramps up oil recovery effort as White House defends its response
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
BP is increasing the amount of oil it is capturing from its leaking Macondo well in the Gulf of Mexico but is still far from staunching the flow, the admiral in charge...

Gulf spill colours Norwegian debate
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
Norway will consider lessons from the BP spill in the Gulf of Mexico when deciding whether to open Arctic waters to oil drilling, the prime minister has promised. Jens...

Falklands explorer set for £40m cash call
2010-06-08 03:00:00 from FT.com - Energy Utilities Mining
Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one...

Pemex sues companies over illicit fuel sales
2010-06-08 00:58:17 from FT.com - Energy Utilities Mining
Pemex, Mexico's state oil monopoly, filed legal proceedings against BASF Corporation, the German chemicals group, and several US-based energy trading companies in a case involving illicit fuel sales

Texas natural gas pipeline explodes
2010-06-07 22:01:09 from FT.com - Energy Utilities Mining
A natural gas pipeline exploded in north Texas on Monday afternoon, CNN reported

BP oil spill: UK to step up checks on North Sea oil rigs
2010-06-07 20:30:16 from Energy - Telegraph
Checks on North Sea drilling rigs are to be stepped up to reduce the risk of a repetition of the Gulf of Mexico oil disaster.

BP pins hopes on relief wells to plug leak
2010-06-07 19:10:09 from FT.com - Energy Utilities Mining
After a series of over-optimistic announcements from BP about its successive failed efforts to plug its leaking well in the Gulf of Mexico or contain the oil, there is widespread public scepticism about what is intended to be the ultimate solution: the two relief wells being drilled to allow the Macondo well to be plugged

BP poised to double oil spill collection
2010-06-07 16:19:59 from FT.com - Energy Utilities Mining
British energy giant BP Plc plans to double the amount of oil it is capturing from its ruptured Gulf of Mexico well to 20,000 barrels per day, the US Coast Guard admiral leading the government relief effort

BP oil spill clean-up costs rise to $1.25bn
2010-06-07 08:04:05 from Energy - Telegraph
BP plans a second containment system to stem its Gulf of Mexico oil leak, as costs of the clean-up rise to $1.25bn.

MCT hopes tide is high for UK energy
2010-06-07 02:42:09 from FT.com - Energy Utilities Mining
The Bristol company has to persuade energy and engineering companies on the long-term credibility of its single working commercial prototype of marine renewable energy technology

Rosneft and Crescent eye Iraq venture
2010-06-07 00:13:34 from FT.com - Energy Utilities Mining
The two oil companies will announce a partnership to develop a gas project in the UAE's Sharjah and are looking at several opportunities in the Middle East, including southern Iraq

BP oil spill: British companies fear backlash in America
2010-06-06 23:27:51 from Energy - Telegraph
British companies with US operations are monitoring the impact of the savage attacks on BP over the Gulf of Mexico oil crisis for any anti-British signs.

BP told to raise US refinery safety levels
2010-06-06 23:07:56 from FT.com - Energy Utilities Mining
BP has yet to sufficiently raise safety standards at its US refineries five years after a fatal accident at a Texas installation, according to an independent expert monitoring the energy company's progress.

Emerson Electric lobbies Chloride shareholders ahead of increased bid
2010-06-06 22:50:04 from Energy - Telegraph
American power giant Emerson Electric has lobbied the shareholders of British bid target Chloride amid growing expectations that it will increase its £723m offer.

Chocolate lovers hit by rising price of cocoa as disease blights crops
2010-06-06 21:35:35 from Energy - Telegraph
Swollen shoot viral disease is blighting the crops of thousands of cocoa growers in the Ivory Coast - by far the world's biggest exporter.

Markets take dim view of other oil companies
2010-06-06 21:07:07 from FT.com - Energy Utilities Mining
While the political storm over the Gulf of Mexico oil spill has raged around BP, the other companies involved in the accident on the Deepwater Horizon rig on April 20 have gone largely unnoticed

BP hopes to catch 'vast majority' of oil
2010-06-06 19:20:00 from FT.com - Energy Utilities Mining
The company sees further success with its attempt to capture oil pouring from its leaking well deep in the Gulf of Mexico, the company has said, but it is still catching only about half of the estimated flow

IEA counts $550bn energy support bill
2010-06-06 18:44:02 from FT.com - Energy Utilities Mining
The world economy spends more than $550bn in energy subsidies a year, about 75 per cent more than previously thought, according to the first exhaustive study of the subject

BP boss has 'no fear' of jail threat
2010-06-05 20:49:00 from Energy - Telegraph
Tony Hayward, the chief executive of BP, says he does not fear the threat of jail and has vowed to still be in his job a year on from the oil company's catastrophic spill in the Gulf of Mexico.

BP's Hayward: 'I'm also angry and frustrated'
2010-06-05 20:34:29 from Energy - Telegraph
BP chief Tony Hayward has been called 'the most hated man in America'. He says he understands the outcry but maintains that he is the right person to lead the energy giant.

BP 'cap' catching 6,000 barrels of oil a day
2010-06-05 17:38:17 from FT.com - Energy Utilities Mining
Two days after fitting a containment cap on its leaking Macondo well in the Gulf of Mexico, BP is capturing thousands of barrels of gushing oil but is still a long way from staunching the flow

Gulf of Mexico oil spill: Barack Obama attacks BP over spending
2010-06-04 22:43:10 from Energy - Telegraph
BP chief executive Tony Hayward paves the way for a dividend cut as President Barack Obama accuses oil company of "nickel and diming" local businesses.

BP's Tony Hayward: I'm a Brit. I can take it
2010-06-04 21:41:33 from Energy - Telegraph
BP chief answers shareholders' questions about the oil company's Gulf of Mexico catastrophe.

Gulf of Mexico oil spill: BP to mull politics of shareholder dividend payments
2010-06-04 21:08:01 from Energy - Telegraph
Tony Hayward opens the way for a cut in BP's dividend by confirming the oil giant will consider US political pressures over the Gulf of Mexico spill.

BP fails to rule out cut in dividend
2010-06-04 21:03:00 from FT.com - Energy Utilities Mining
The company's first priority is to put right the effects of the huge oil spill in the Gulf of Mexico, its chairman has warned investors, as the effort to trap oil from the leaking well records some initial success

Rockhopper jumps after Falklands oil upgrade
2010-06-04 19:53:13 from FT.com - Energy Utilities Mining
The company, which had made a preliminary oil find offshore of the contested Falklands, says an independent report raised the estimated recoverable oil at the discovery by 42%

Steel cap brings hope of stemming tide of oil
2010-06-04 18:53:30 from FT.com - Energy Utilities Mining
The hopes of BP, the US administration and the people of the gulf coast are resting on a 4.25 metre-high steel cap sitting on top of the company's leaking Macondo well in 1,250m of water

Perhaps BP chief Tony Hayward should be more worried about sea birds
2010-06-04 17:53:05 from Energy - Telegraph
Tony Hayward, the embattled BP boss, must be sure that the Gulf of Mexico oil spill does not harm walruses, says Geoffrey Lean.

Scottish & Southern pays $324m for North Sea gas
2010-06-04 17:17:42 from Energy - Telegraph
Scottish & Southern Energy is to buy almost 80pc of the North Sea gas assets of Hess for $324m (£290m) after the US company's partners exercised their right to acquire the remaining 20pc.

BP's spill 'cap' catching 1,000 barrels per day
2010-06-04 16:30:52 from FT.com - Energy Utilities Mining
BP's latest effort to stem the flow of oil pouring into the Gulf of Mexico from its Macondo well is capturing about 1,000 barrels a day, the first real signs of progress in the frustrating efforts to contain the spill

BP leaves Barack Obama looking all at sea
2010-06-04 15:57:44 from Energy - Telegraph
It doesn't help that Obama's anti-BP rhetoric appears to be fired by an apparent anti-Britishness, writes Simon Heffer.

Gulf of Mexico oil spill: BP chief faces investors as US political storm deepens
2010-06-04 08:17:43 from Energy - Telegraph
Tony Hayward will today aim to reassure investors, as he faces political pressure in the US to suspend the dividend.

German trio to finance 'wind in sea'
2010-06-04 06:50:44 from FT.com - Energy Utilities Mining
One of the biggest new offshore wind farms in the UK is to go ahead, after three German companies formed a joint venture to finance the €2bn project

Jetion hopes to catch light in Asia listing
2010-06-04 01:48:28 from FT.com - Energy Utilities Mining
If the solar cell maker attracts a higher valuation in the fast-emerging Hong Kong market, it could be a blow to the perception of Aim as something more than a fund-raising market for new companies

BP moves to calm investors as shares fall
2010-06-04 01:14:51 from FT.com - Energy Utilities Mining
BP will try to reassure investors about its financial position after its massive oil spill in the Gulf of Mexico, in spite of the steep fall in its share price and downgrades from credit rating agencies

Super tax increases investment risk
2010-06-03 23:31:18 from FT.com - Energy Utilities Mining
Australia's powerful mining industry is at war with the government, and until the dust settles, the impact on future earnings will not be known

'Robin Hood' move on mining lambasted
2010-06-03 23:22:04 from FT.com - Energy Utilities Mining
The chief executive of BHP Billiton says the proposed 'super tax' could seriously undermine investment, particularly in long-term projects that require a great deal of capital up front

Florida braced for gulf slick to hit land
2010-06-03 22:25:13 from FT.com - Energy Utilities Mining
The state of Florida was bracing itself for the arrival of the gulf oil slick in a development that would be likely to sharply escalate the political fallout from the disaster. Until as recently as Wednesday both BP and Obama administration officials were confident the slick would not reach as far as the Florida coastline – America's largest east coast magnet for tourism

Gulf of Mexico oil spill: BP downgraded as engineers make leak breakthrough
2010-06-03 21:58:16 from Energy - Telegraph
BP's financial prospects have been downgraded by two agencies, despite "important milestone" in attempt to stem oil leak.

TNK-BP steps up gas field sale drive
2010-06-03 19:38:15 from FT.com - Energy Utilities Mining
BP's Russian joint oil venture increases the pressure for a sale of its vast Kovykta gas field, announcing that it is pushing the unit that owns the licence to the field into bankruptcy

Further setback in bid to contain leak
2010-06-03 19:27:08 from FT.com - Energy Utilities Mining
BP has been forced to use a less effective method of capturing the oil pouring from its leaking Macondo well in the Gulf of Mexico, raising the risk that the spill will continue to worsen

Kazmunaigas demands 10% stake in field
2010-06-03 19:17:36 from FT.com - Energy Utilities Mining
State energy group has expressed interest in a stake in Karachaganak, the only big foreign-led Kazakh oil project where it is not involved, but until now has not specified the size of the stake it is seeking

BP and Prudential: As the cream of British business turns sour, time for a change at the top
2010-06-03 19:07:33 from Energy - Telegraph
Shareholders have lost billions thanks to management blunders, argues Jeff Randall.

Postcode lottery of energy bills
2010-06-03 18:21:32 from Energy - Telegraph
People have to pay as much as £80 more for their energy bill each year depending on where they live, because of a "postcode lottery", it has been revealed.

Gulf of Mexico oil spill: BP cuts pipe in fresh attempt to staunch spill
2010-06-03 17:00:30 from Energy - Telegraph
BP's underwater robots have successfully sheared off a pipe at the seabed site of the massive oil leak in the Gulf of Mexico.

BP launches fresh attempt to halt spill
2010-06-03 16:32:06 from FT.com - Energy Utilities Mining
Energy group takes first step in its plan to capture the oil pouring from its leaking Macondo well in the Gulf of Mexico, using powerful hydraulic shears to cut off broken pipes from the valves on the sea bed

Iberdrola accuses ACS over one-off charges
2010-06-03 15:05:58 from FT.com - Energy Utilities Mining
Spain's largest electricity company is seeking to contest in court the veracity of last year's accounts at the infrastructure group

Xstrata threatens to scrap Australia projects
2010-06-03 09:10:02 from FT.com - Energy Utilities Mining
Global miner Xstrata threatened to scrap $5.4bn in Australian coal and copper projects, blaming a new mining tax and taking the value of new developments put on hold to above $20bn in just a month

Approaches that came to nothing
2010-06-03 03:00:00 from FT.com - Energy Utilities Mining
BP and Royal Dutch Shell have a long history of courtship, with mergers proposed but never consummated. Lord Browne, BP's chief executive until 2007, tells in his...

Eurofirst defies fears over BP
2010-06-03 03:00:00 from FT.com - Energy Utilities Mining
European stocks recovered ground yesterday after early setbacks on fears of a US criminal investigation into British Petroleum and worries about the vulnerability of...

Siemens eyes bigger role in nuclear sector
2010-06-03 03:00:00 from FT.com - Energy Utilities Mining
When Heinrich von Pierer, the former head of Siemens, first met Anne Lauvergeon, of France's Areva, 10 years ago to discuss the creation of a nuclear joint venture, he...

BP's reputation at all-time low
2010-06-03 02:46:17 from FT.com - Energy Utilities Mining
The oil group's share price is not the only casualty as the spill drags into its second month with no end in sight.The company's standing has also fallen off a cliff in the US and internationally

Lukoil profits double
2010-06-03 02:10:18 from FT.com - Energy Utilities Mining
Russia's second biggest oil producer reports first quarter net profit of $2.05bn, as the company made good on promises to deliver more free cash flow and focus on efficiency over growth

BP 'not prepared' for deep-water spill
2010-06-03 00:51:30 from FT.com - Energy Utilities Mining
The chief executive of BP has said the company and the oil industry need to rethink their approach in order to pursue deep sea drilling following the catastrophic leak of the group's Macondo well in the Gulf of Mexico

Talk of takeover swirls around BP
2010-06-02 23:49:56 from FT.com - Energy Utilities Mining
BP's shares have fallen 34% since the Deepwater Horizon oil rig exploded, but any attempt to acquire its assets on the cheap will meet too many obstacles

Brussels to investigate Areva NP agreement
2010-06-02 23:44:31 from FT.com - Energy Utilities Mining
Acrimonious nuclear power joint venture between France's Areva and Siemens is to be probed by competition officials after German company complains of 'non-compete' clause

Gulf of Mexico oil spill: Barack Obama to rescind billions of dollars in 'Big Oil' tax breaks
2010-06-02 22:58:34 from Energy - Telegraph
The White House has pledged to end its "cosy relationship" with Big Oil, rolling back tax breaks and imposing new green levies, as it seeks to punish the industry for BP's catastrophic spill in the Gulf of Mexico.

Northumbrian's profits rise 11%
2010-06-02 22:22:16 from FT.com - Energy Utilities Mining
The water supply utility group has raised its pre-tax profits from £153m to £170m, despite a rise in bad debts, loss of key industrial customers and an increase in burst pipes

Ferrous pulls out of London flotation
2010-06-02 21:22:21 from FT.com - Energy Utilities Mining
Ferrous Resources cancels an initial public offering that was expected to value the company at $3.5bn, citing difficult market conditions

BP scrapes the barrel for oil spill ideas as cap plan falters
2010-06-02 21:19:56 from Energy - Telegraph
Hollywood's James Cameron and Kevin Costner among those trying to help BP 'plug that damn hole'.

Afren to buy Black Marlin of Canada for £75m
2010-06-02 14:49:20 from FT.com - Energy Utilities Mining
The London-listed West Africa-focused oil explorer's acquisition of the Canadian company will give it a significant foothold in the east of the continent

Brussels to probe Areva-Siemens venture
2010-06-02 11:23:19 from FT.com - Energy Utilities Mining
German group steps up pressure in its effort to get out of its pact with its French partner by revealing to the European Commission previously undisclosed 'non-compete' clauses in its joint venture agreement

Gulf of Mexico oil spill: BP shares slide further as US opens criminal investigation
2010-06-02 08:20:20 from Energy - Telegraph
The oil giant has seen £40bn wiped off its market value since the oil spill started.

Huhne reveals £4bn nuclear shortfall
2010-06-02 03:00:00 from FT.com - Energy Utilities Mining
Britain must plug a £4bn shortfall in funding to decommission its ageing nuclear power stations, Chris Huhne, energy secretary, disclosed last night. Describing...

Pressure grows on BP as it tries fresh plug bid
2010-06-02 00:35:10 from FT.com - Energy Utilities Mining
BP moved to control the oil spill in the Gulf of Mexico by attempting to fit a cap over the valves that were meant to prevent oil and gas from leaking out, the company's chief executive said

Oil riches to test trail-blazer Ghana
2010-06-01 22:49:59 from FT.com - Energy Utilities Mining
Resources: The country that blazed the trail of African independence in 1957, fell among the first into ruin, and emerged ahead of the pack as a budding democracy and frontier market, is about to face another test

Gulf of Mexico oil spill: BP acts to calm investors as shares tank
2010-06-01 20:59:37 from Energy - Telegraph
Chief executive Tony Hayward will this week attempt to reassure investors it can survive the Gulf of Mexico spill.

EU plans green taxes to cut debt
2010-06-01 20:25:29 from Energy - Telegraph
The European Union could seize control of green taxes across the continent in order to make low-carbon energy cheaper.

Gulf of Mexico oil spill: BP and Hayward fight for their survival
2010-06-01 20:09:28 from Energy - Telegraph
As barrel upon barrel of BP's oil gushes into the Gulf of Mexico, the spread of US hostility towards Tony Hayward has been equally insidious.

SSE rules out bid for EDF's £4bn network
2010-06-01 19:41:43 from Energy - Telegraph
Scottish and Southern Energy has ruled out a bid for rival energy supplier EDF's electricity networks, valued at around £4bn.

SSE scales back interest in EDF business
2010-06-01 09:25:20 from FT.com - Energy Utilities Mining
The utility scales back interest in the £4bn sale of EDF's UK electricity distribution business saying it was thinking of taking a smaller stake

BP shares tumble on failed 'top kill', fears of criminal investigation
2010-06-01 08:47:40 from Energy - Telegraph
Shares hit as UK investors react to failure of its "top kill" operation and a potential US criminal investigation.

Experts seek to learn from similar blowout
2010-06-01 05:59:33 from FT.com - Energy Utilities Mining
Striking parallels with a 1979 accident in the Gulf of Mexico, which gushed oil and gas for more than nine months, offer uncomfortable lessons for BP as it struggles to contain the oil spill

Anglo-Irish group seeks North Korean oil
2010-06-01 01:30:11 from FT.com - Energy Utilities Mining
Aminex, an Anglo-Irish oil exploration company, has signed a production-sharing agreement with Pyongyang to explore an area of the seabed larger than Switzerland off the coast of North Korea

China suitors hold hope for small miners
2010-06-01 00:59:45 from FT.com - Energy Utilities Mining
Chinese companies are in­creasingly offering to build transport and energy infrastructure for Aim-quoted mining companies in return for deals to buy the minerals produced, or off-take agreements

BP promised it could stop leak 10 times bigger than Gulf of Mexico spill
2010-05-31 23:02:07 from Energy - Telegraph
Papers will cause further embarrassment as oil firm prepares to send robots down to cut a pipe near the source of the leak.

Trafigura on trial over 'illegal exporting of toxic waste'
2010-05-31 22:09:22 from Energy - Telegraph
Trafigura, the controversial commodities trader, will go on trial in the Netherlands on Tuesday over claims it illegally exported toxic waste that ended up being dumped in the Ivory Coast.

Blurred boundaries in top jobs causes concern
2010-05-31 17:42:54 from FT.com - Energy Utilities Mining
Several of the foreign-focused groups within the FTSE 100 deviate from local custom by allowing a large shareholder to be chairman, instead of installing an independent figure in that role

Scottish hopes over renewable energy
2010-05-31 03:20:07 from FT.com - Energy Utilities Mining
Scotland estimates that wind and wave power could create 26,000 jobs and provide up to £15bn of investment opportunities, but the prospects could be threatened by skills and equipment shortages

Ofwat restrictions muddy waters
2010-05-31 03:00:00 from FT.com - Energy Utilities Mining
Water sector results season concludes with earnings from Northumbrian Water on Wednesday - but as with its peers, the figures themselves will be only part of the...

View from the Top: Mark Clare, Chief executive, Barratt
2010-05-31 03:00:00 from FT.com - Energy Utilities Mining
Mark Clare is chief executive of Barratt Developments, one of the UK's largest housebuilders. Mr Clare joined the company in 2006 from Centrica, where he was managing...

Economic difficulties bring Russia and EU closer
2010-05-31 03:00:00 from FT.com - Energy Utilities Mining
When Russia and the European Union meet tomorrow for their first summit since the Lisbon treaty came into force, economic crisis could push both sides towards greater...

Adrok secures Mideast deal for technology
2010-05-31 02:30:43 from FT.com - Energy Utilities Mining
The Edinburgh-based group claims its scanner can identify any substance down to atomic level, enabling exploration companies to pinpoint the location of hydrocarbons before drilling begins

Miners want more iron ore price rises
2010-05-30 22:28:32 from FT.com - Energy Utilities Mining
Global miners BHP Billiton, Rio Tinto and Vale will demand further price increases for steelmaking commodities iron ore and coking coal, as strong Chinese demand and supply disruptions keep the market tight

Taxmen vs miners
2010-05-30 20:40:18 from FT.com - Energy Utilities Mining
Australia's mining industry has broad enough shoulders to bear the burden of a new super profit tax

Ultrapar set to bid for Shell LPG unit
2010-05-30 20:13:39 from FT.com - Energy Utilities Mining
Brazilian group Ultrapar is expected to submit a bid for Royal Dutch Shell's European liquefied petroleum gas business, which is being put on the block for as much as €1bn

BP's costs could spiral to $3bn if oil leak is not plugged
2010-05-30 20:06:57 from Energy - Telegraph
BP has acknowledged that it is unlikely to stop its leaking oil well until new drilling is completed in August, meaning its near-$1bn of costs could triple during another two months of clean-up efforts.

BP opts for containment in bid to tackle crisis
2010-05-30 19:10:23 from FT.com - Energy Utilities Mining
The failure of the attempted "top kill" on BP's Macondo well in the Gulf of Mexico means that the desperate effort to tackle the leak is entering a another phase

Hurdles remain for non-Russian gas pipeline
2010-05-30 17:30:58 from Energy - Telegraph
The 3,300-mile Nabucco pipeline faces its toughest test yet when half its capacity is auctioned to a global market currently suffering a glut of gas, writes Rowena Mason.

BP prepares new effort to block well
2010-05-30 16:33:29 from FT.com - Energy Utilities Mining
The UK group prepares its latest attempt to block oil spewing out of the well in the Gulf of Mexico after efforts to pump mud and junk, including tyres and golf balls, failed

BP share price fear over latest setback
2010-05-29 22:57:56 from Energy - Telegraph
BP's share price is likely to take another battering as the latest attempts to plug oil leak fail.

BP moves to plug oil well leak with junk
2010-05-29 19:02:47 from FT.com - Energy Utilities Mining
BP began firing golf balls, shredded tyres and rope into a deep sea well that is spilling thousands of barrels of oil into the Gulf of Mexico, in the latest attempt to stop the worst slick in US history

S Africa union says suspends De Beers strike plans
2010-05-29 11:30:25 from FT.com - Energy Utilities Mining
South Africa's National Union of Mineworkers said it would suspend a strike at the world's biggest diamond producer De Beers while it considers a new company wage offer that could end the dispute

Severn Trent plans new job cuts
2010-05-29 03:41:32 from FT.com - Energy Utilities Mining
The water and sewerage group plans to implement further efficiency savings that will result in more job losses, as it looks for ways to deal with one of the toughest regulatory restrictions in the sector

Planning quango defies demolition
2010-05-29 03:00:00 from FT.com - Energy Utilities Mining
Barely 48 hours since the Queen pronounced his professional demise, Sir Michael Pitt contemplates the future with surprising equanimity and indeed optimism. The fate...

Bullion has not yet lost its shine for goldbugs
2010-05-29 03:00:00 from FT.com - Energy Utilities Mining
Gold looks like a classic investment bubble. Not just any mania, but the best-known bubble of the 20th century: the Dow Jones Industrial Average before it...

Hurricane alert gives boost to oil price rally
2010-05-29 03:00:00 from FT.com - Energy Utilities Mining
Commodities prices consolidated their recovery yesterday, with oil prices surging briefly above the significant $75-a-barrel level. The rise in prices over the past...

Obama orders boost to clean-up operation
2010-05-29 01:09:01 from FT.com - Energy Utilities Mining
US president visits Louisiana to show he is taking charge of the response to the catastrophe and orders the tripling of the number of people involved in cleaning up coastal areas affected by the oil spill

Shares in BP slide as 'top kill' tactic fails
2010-05-28 22:25:54 from FT.com - Energy Utilities Mining
BP again temporarily suspends its attempt to pour drilling fluid into its leaking well in the Gulf of Mexico and indicated that the operation could continue into Sunday

Spill casts a long shadow over BP's future
2010-05-28 22:16:18 from FT.com - Energy Utilities Mining
The fact is that the uncertainty from this massive spill is going to hang over oil company for years to come

Gulf drilling curbs set to check expansion
2010-05-28 22:09:03 from FT.com - Energy Utilities Mining
The six-month moratorium on offshore drilling will cut US oil production and hit the revenues of oil and gas companies for years to come

Shell in $4.7bn US shale gas deal
2010-05-28 22:01:13 from FT.com - Energy Utilities Mining
Royal Dutch Shell acquires assets from US gas producer East Resources, the latest in a string of multi-billion dollar deals in the booming North American unconventional gas sector.

Gulf of Mexico oil leak 'halted' amid fears BP could face hefty fines
2010-05-28 20:00:23 from Energy - Telegraph
BP moves closer to plugging leaking well, but its shares fell 5pc on fears that alleged safety failings will leave it open to hefty liabilities.

Shell expands US shale gas reserves with $4.7bn purchase of East Resources
2010-05-28 19:10:03 from Energy - Telegraph
Royal Dutch Shell, the energy major, has almost doubled its reserves of shale gas with the $4.7bn (£3.2bn) acquisition of East Resources.

UK Coal facing fine after pleading guilty to safety breaches
2010-05-28 18:54:16 from Energy - Telegraph
UK Coal, the mining company, is facing a hefty fine after pleading guilty to seven charges of breaching safety regulations related to the deaths of four workers.

Shell / East Resources
2010-05-28 16:00:04 from FT.com - Energy Utilities Mining
The Anglo-Dutch oil and gas group acquires access to key US shale gas field

BP launches 'junk shot' bid to block spill
2010-05-28 14:20:16 from FT.com - Energy Utilities Mining
The UK oil group begins a new operation to block the oil spill in the Gulf of Mexico ahead of a visit to Louisiana by President Barack Obama, as Tony Hayward, BP's chief executive, calls the leak an 'environmental catastrophe'

Barack Obama to 'take charge' of Gulf of Mexico oil spill
2010-05-28 11:15:52 from Energy - Telegraph
President Barack Obama returns to the Gulf of Mexico coast today, insisting he's in charge of efforts to shut down what is now estimated as the worst oil spill in US history.

BP 'top kill' resumes as Gulf of Mexico oil spill clean-up costs near $1bn
2010-05-28 10:48:51 from Energy - Telegraph
Too early to tell if its "top kill" operation to plug biggest oil spill in US history has worked, says oil group as disaster costs rise.

Severn Trent boosted by efficiency drive
2010-05-28 09:55:36 from FT.com - Energy Utilities Mining
Severn Trent has surpassed full-year expectations by exceeding planned efficiency targets, although the utility has taken a £3.3m charge on rising bad debts

Shell strikes £3bn shale gas deal
2010-05-28 09:35:13 from FT.com - Energy Utilities Mining
The Anglo-Dutch oil group has acquired most of the assets owned by privately-held East Resources of Pennsylvania for $4.7bn

Shell swoops on East Resources for $4.7bn to tap US gas reserves
2010-05-28 08:35:26 from Energy - Telegraph
Europe's largest oil producer has bought the majority of East Resources for $4.7bn (£3.2bn), expanding the scale of its unconventional gas deposits in the US.

Rybolovlev in talks to sell Uralkali stake
2010-05-28 07:58:00 from FT.com - Energy Utilities Mining
The news lifted shares in the potash miner by 5.8% on hopes that the political risks overhanging the company would be lifted with the sale of the controlling stake held by Russia's tenth richest man

BP will stop the oil spoil but won't prevent its eventual takeover
2010-05-28 07:48:27 from Energy - Telegraph
Eventually, BP will definitively stop the flow of oil from its deepwater mishap in the Gulf of Mexico.

BP sees leak estimates jump
2010-05-28 02:59:03 from FT.com - Energy Utilities Mining
Much higher estimates of the rate at which oil is escaping from BP's well added to the urgency of the effort to plug the leak as the company temporarily suspended its 'top kill' operation

Drill suspension sparks economy fears
2010-05-28 02:30:22 from FT.com - Energy Utilities Mining
Oil production: American Petroleum Institute calls on the government not to close off areas already open for offshore oil and gas production, and to put in place a process and schedule for restarting drilling

Captain's account raises questions over delays
2010-05-27 20:33:17 from FT.com - Energy Utilities Mining
Testimony by the captain of the Deepwater Horizon rig that exploded on April 20 raised questions about whether emergency systems were activated promptly and how much warning those on the rig had before the blast occurred

BP shares rally on hope oil leak plug is working
2010-05-27 20:22:10 from Energy - Telegraph
Observers were cautiously optimistic on the progress of the company's 'top kill' capping technique.

Chief oil regulator resigns after strong criticism
2010-05-27 19:19:02 from FT.com - Energy Utilities Mining
The head of the regulatory body that oversees the US oil and gas industry has resigned amid fierce criticism over the agency's management practices and its inadequate enforcement of rules.

Mystery over crew's failure to react
2010-05-27 19:00:10 from FT.com - Energy Utilities Mining
At a briefing with reporters this week, BP investigators claim they do not understand why crew members missed – or perhaps did not correctly interpret – several red flags

Nigeria weighs sale of state electricity system
2010-05-27 17:05:34 from FT.com - Energy Utilities Mining
Nigerian officials have begun preparing a plan to sell the crippled state electricity system, in what would be one of Africa's biggest privatisations if Goodluck Jonathan, the president, gives the go-ahead for sweeping reforms

Malaysian central banker upbeat on economy
2010-05-27 03:00:00 from FT.com - Energy Utilities Mining
The European sovereign debt crisis will cause market volatility in Asia but is unlikely to have much impact on the region's "mutually reinforcing" real economy,...

EU probes oil groups as US says change is needed
2010-05-27 03:00:00 from FT.com - Energy Utilities Mining
The European Union is considering tightening its offshore oil industry rules in the wake of BP's oil spill in the US Gulf of Mexico, write Carola Hoyos in London...

Obama warns on 'risky' fossil fuels
2010-05-27 00:55:33 from FT.com - Energy Utilities Mining
President Barack Obama said the US would not be able to sustain the kind of 'risky' exploitation of fossil fuels that caused the Gulf of Mexico oil spill, as he prepared to announce sweeping new regulations for offshore drilling.

Lawmakers hit out at latest MMS revelations
2010-05-26 21:21:16 from FT.com - Energy Utilities Mining
Lawmakers called the Minerals Management Service "incredibly dysfunctional", expressing outrage at the latest revelations that employees of the offshore drilling watchdog allowed oil company officials to fill out their own inspection forms and took gifts from the companies

BP begins 'top kill' to plug oil leak
2010-05-26 20:39:09 from FT.com - Energy Utilities Mining
BP began its planned "top kill" oper-ation on the leaking Mac-ondo well, intended to stop the flow of oil and gas by pumping heavy drilling fluid down the hole

Gulf of Mexico oil spill: 'I let people down', admits BP chief Tony Hayward
2010-05-26 20:34:24 from Energy - Telegraph
But the chief executive has insisted that his success at shaving $4bn off BP's costs last year had not contributed to lower safety standards

Cleaning up after the BP spillage
2010-05-26 19:46:55 from FT.com - Energy Utilities Mining
The need for energy security will force western oil companies to explore increasingly in deep waters so the US needs to develop an adequate safety regime

Gulf of Mexico oil spill: Can BP stem the flow of oil and vitriol?
2010-05-26 17:43:08 from Energy - Telegraph
The next few days will be crucial for the company and the wider world, says George Trefgarne.

BP chairman takes on US critics
2010-05-26 08:11:41 from FT.com - Energy Utilities Mining
BP's chairman faces down the company's critics over its response to the oil spill in the Gulf of Mexico, insisting the group plays a vital role in the US economy

Svanberg links BP's future to response
2010-05-26 04:26:33 from FT.com - Energy Utilities Mining
The oil and gas producer's future reputation depends on whether it can limit the damage from the rig explosion in the Gulf of Mexico, says company chairman

Congress urged to raise liability
2010-05-26 03:00:00 from FT.com - Energy Utilities Mining
The US Congress should increase liability caps and criminal penalties for energy companies and their employees found to have broken federal offshore drilling laws, two...

Iberdrola sells US gas distributors
2010-05-26 03:00:00 from FT.com - Energy Utilities Mining
Iberdrola has agreed the $1.3bn sale of three gas businesses in the US, marking the latest in a series of non-core asset divestments at Spain's largest electricity...

Mission in talks with D1 over all-share bid
2010-05-26 02:55:03 from FT.com - Energy Utilities Mining
The renewable energy provider has said that acquiring D1 would deliver commercial advantages, enabling the combined group to offer one of the world's largest supplies of jatropha oil

BP probe finds warning signs before blast
2010-05-26 01:05:44 from FT.com - Energy Utilities Mining
A preliminary internal investigation finds there were 'several new warning signs of problems' in the hours before the Deepwater Horizon explosion, according to US lawmakers briefed by the company

First Reserve in SunEdison venture
2010-05-25 23:37:42 from FT.com - Energy Utilities Mining
The energy-focused private equity group teams up with SunEdison, the solar power division of US chipmaker MEMC, to make a $1.5bn bet on harnessing the sun's rays to produce electricity

Washington a lonely place for oil group
2010-05-25 23:35:18 from FT.com - Energy Utilities Mining
In the years before the Gulf of Mexico oil spill, BP worked hard to portray itself in the US as a different kind of energy company, running advertisements that depicted it as 'Beyond Petroleum', forging strong ties to leading environmental groups and spending millions of dollars lobbying Capitol Hill

BP spill inquiry points to multiple safety failings
2010-05-25 23:26:25 from Energy - Telegraph
BP has found that multiple failings in safety processes and equipment on the Deepwater Horizon rig caused its giant oil spill in the Gulf of Mexico.

Oil price falls below $68 on weak Europe
2010-05-25 22:29:09 from Energy - Telegraph
Crude oil reached a five-month low in London on Tuesday, as investors continued to take flight from riskier commodities.

US regulator in charge of drilling in bribery case
2010-05-25 22:06:49 from FT.com - Energy Utilities Mining
US safety regulators allowed oil and gas company officials to fill out inspection forms on oil platforms, which were then signed and dated by the safety officials, according to a claim contained in a report by federal investigators

Energy companies face tougher penalties
2010-05-25 18:16:56 from FT.com - Energy Utilities Mining
The US Congress should increase liability caps and criminal penalties for energy companies and their employees found to have broken federal offshore drilling laws, two government agencies said

Energy regulator Ofgem wants tougher rules on mergers between power companies
2010-05-25 18:08:32 from Energy - Telegraph
Ofgem, the energy regulator, wants new laws to restrict mergers between power companies in a move that could stop Scottish & Southern Energy from buying EDF's £4bn electricity network business.

Pennon poised to lift dividend
2010-05-25 17:09:45 from FT.com - Energy Utilities Mining
Water, sewerage and waste group disclosed plans to lift its dividend by 4 per cent a year in spite of a harsher regulatory regime

White House faces fire over BP oil leak
2010-05-25 16:03:18 from FT.com - Energy Utilities Mining
Officials in states hit by the oil-spill disaster say the federal government had been too slow to provide resources and authorise operations to help limit the damage to the fragile coastline

Toshiba buys stake in enriched uranium group
2010-05-25 14:43:18 from FT.com - Energy Utilities Mining
Japanese group set to invest $100m in one of the world's largest producers of enriched uranium, as the top players in the nuclear industry race to secure their supply chain

BP offers $500m for damage study
2010-05-25 09:24:11 from FT.com - Energy Utilities Mining
BP seek to deflect criticism over its handling of the Deepwater Horizon oil spill in the Gulf of Mexico by offering up to $500m for research into the incident's environmental effects

Tony Blair hired by US billionaire Vinod Khosla for climate change advice
2010-05-25 07:33:08 from Energy - Telegraph
Tony Blair has been hired as an adviser on climate change by Californian billionaire Vinod Khosla, the latest in a string of jobs the former prime minister has taken.

First Quantum to fight loss of licence
2010-05-24 22:48:38 from FT.com - Energy Utilities Mining
The UK-listed copper miner threatens to step-up international arbitration against the Democratic Republic of Congo after losing the licence to its best asset in the country

Cadogan asks for probe into US hedge fund
2010-05-24 22:29:59 from FT.com - Energy Utilities Mining
The Ukrainian gas explorer has asked the Takeover Panel to look into whether Weiss Asset Management is acting in concert with an unnamed investor in an attempt to win control of the company

Gulf of Mexico oil spill: BP recovering 40pc less oil than previously claimed as it prepares fourth attempt to halt leak
2010-05-24 20:24:38 from Energy - Telegraph
Oil company on the defensive amid growing political and public frustration in the US at its failure to stem the massive Gulf of Mexico oil spill.

Shale gas will change the world
2010-05-24 20:14:06 from FT.com - Energy Utilities Mining
Gideon Rachman on the growing excitement in the US and Europe at the idea that we may have discovered a large part of the answer to one of the most vexatious problems in foreign and economic policy – energy security

Chloride profits put pressure on Emerson Electric to raise bid
2010-05-24 19:45:32 from Energy - Telegraph
American predator Emerson Electric has come under pressure to raise its proposed £723m bid for Chloride Group after the British power supply company reported underlying profits at the top end of expectations.

Rio on edge of new world of robotic mining
2010-05-24 19:40:04 from FT.com - Energy Utilities Mining
Miners had always used the latest technologies to extract minerals but Rio Tinto is the first company to put significant sums into the realm of mechanised and robotic mining

Rio chief warns on higher sovereign risk
2010-05-24 18:02:13 from FT.com - Energy Utilities Mining
Rio Tinto chief executive raises the temperature in the campaign to kill off Canberra's proposed 40 per cent tax on resource company profits

CIF to fund $2.7bn Bellzone Guinea project
2010-05-24 10:57:08 from FT.com - Energy Utilities Mining
Hong Kong investment company China International Fund confirmed plans to fund a $2.7bn infrastructure project to develop a mining facility held by Bellzone, an Aim-listed explorer

Invensys hit by energy groups' pessimism
2010-05-24 09:23:27 from FT.com - Energy Utilities Mining
Oil and gas producers' falling confidence has hit revenues at the UK engineering group, although the group's order book has swollen thanks to rising demand for rail and energy infrastructure in the developing world

Chloride defends against Emerson Electric
2010-05-24 09:15:34 from FT.com - Energy Utilities Mining
The UK power protection group reports stronger-than-expected fourth-quarter results and gives little encouragement its US suitor

Gulf of Mexico oil spill: Obama piles pressure on BP to plug leak
2010-05-24 07:58:00 from Energy - Telegraph
Barack Obama, the US President, is sending two Cabinet secretaries to the fouled Gulf Coast on Monday to keep pressure on energy giant BP to plug an undersea oil leak that threatens an ecological disaster.

Oil industry braced for report into offshore spill
2010-05-24 03:00:00 from FT.com - Energy Utilities Mining
The Obama administration will reveal the findings of its preliminary investigation into the Deepwater Horizon oil spill by the end of this week, delivering a report...

Chloride investors focused on bid revision
2010-05-23 22:53:24 from FT.com - Energy Utilities Mining
The power protection specialist is expected to deliver improved annual revenue and profits but investors will be focused on the prospects of whether US suitor Emerson will make an improved offer

Arbitration sought on North Sea pipe costs
2010-05-23 22:34:31 from FT.com - Energy Utilities Mining
A North Sea energy explorer has become the first company to ask the UK government to settle a dispute over access to the country's ageing system of offshore pipes and platforms since laws were drawn up over 35 years ago

Tensions escalate over North Sea access
2010-05-23 22:34:31 from FT.com - Energy Utilities Mining
Endeavour International's decision to call on the UK government to settle an infrastructure pricing dispute is only the first public sign of the long-standing frustration of smaller companies at what is often an unequal relationship with their larger peers in negotiating access

Sanctions hit Iranian oil production
2010-05-23 22:33:54 from FT.com - Energy Utilities Mining
Sanctions and underinvestment have reduced Iran's oil production capacity by at least 300,000 barrels per day, depriving the country of billions of dollars of revenues

BSG on prowl for high-class mining assets
2010-05-23 22:33:32 from FT.com - Energy Utilities Mining
The private conglomerate is stepping up its activities after the success of a $2.5bn iron ore deal in west Africa

Ambani brothers end feud
2010-05-23 18:52:41 from FT.com - Energy Utilities Mining
Mukesh and Anil Ambani, India's richest brothers, say they have signed a peace deal, in an attempt to end Asia's biggest business family feud

Energy groups warned over accidents
2010-05-23 18:43:22 from FT.com - Energy Utilities Mining
US safety regulators have issued a stark warning to the petrochemical and energy industries, saying: "Your workers are dying on the job, and it has to stop.''

Norilsk Nickel returns to solid ground
2010-05-23 18:22:33 from FT.com - Energy Utilities Mining
Vladimir Strzhalkovsky, chief executive of the world's biggest nickel miner, has embarked on a tough cost-cutting programme that has resulted in a big lift in net profits, which last year reached $2.65bn, far above forecasts

Obama signals drilling law change
2010-05-22 22:30:34 from Energy - Telegraph
US President Barack Obama has raised the prospect of changing US laws on drilling in the Gulf of Mexico following the catastrophic BP oil spill in the region.

Obama launches commission into oil spill
2010-05-22 15:06:52 from FT.com - Energy Utilities Mining
President Barack Obama has launched a commission to investigate the oil spill into the Gulf of Mexico which will be co-chaired by Democratic senator Bob Graham and William Reilly, former head of the Environmental Protection Agency

Gulf of Mexico oil spill: BP slick is more than the sum of its parts
2010-05-21 20:51:26 from Energy - Telegraph
With each passing day, BP becomes more like the thing it is fighting - the corporate equivalent of an oil spill, all over the place.

Sinochem buys stake in Brazil oil field
2010-05-21 20:34:37 from FT.com - Energy Utilities Mining
The Chinese state-controlled oil group acquires a 40% holding in the offshore Peregrino field in the first sizeable Chinese energy investment into South America's biggest economy

Gulf of Mexico oil spill: BP shares fall over claims of cover-up
2010-05-21 19:40:57 from Energy - Telegraph
BP's share price fell 4pc as the US administration accused it of trying to cover-up the seriousness of its Gulf of Mexico oil spill.

United Utilities tackles funding deficit
2010-05-21 09:42:21 from FT.com - Energy Utilities Mining
United Utilities announced that it had made its defined benefit pension schemes less generous to employees in order to tackle a funding deficit

National Grid rights issue irks investors
2010-05-21 03:00:00 from FT.com - Energy Utilities Mining
The initial reaction to National Grid's rights issue announcement was understandably disgruntled. Speculation about the company's need for a share issue had been...

NationalGrid in £3.2bn cash call
2010-05-21 03:00:00 from FT.com - Energy Utilities Mining
National Grid, the UK-based electricity and gas distributor, has launched a £3.2bn ($4.6bn) rights issue as part of its domestic capital investment programme,...

White House accuses BP of 'falling short'
2010-05-21 02:45:33 from FT.com - Energy Utilities Mining
The Obama administration accused BP of having "fallen short" of commitments to keep public and government officials fully informed of data and information surrounding the Deepwater Horizon oil spill in the Gulf of Mexico

Kazakhstan drops $1.3bn case against KPO
2010-05-21 00:59:08 from FT.com - Energy Utilities Mining
The country has held out an olive branch to the consortium developing the Karachaganak field by dropping the fraud claim and offering to pay for a stake in the oil and gas deposit

Coalition plan to raise wind power target is a joke
2010-05-20 23:24:35 from Energy - Telegraph
National Grid's vision of the next five years came on the day the Coalition published its programme for government which includes a crucial section on energy and the environment.

Diverging streams at water suppliers
2010-05-20 21:39:06 from FT.com - Energy Utilities Mining
With calls for M&A liberalisation, the sector remains split over reforms needed

BP admits underestimating oil leaking from Gulf of Mexico well
2010-05-20 21:25:21 from Energy - Telegraph
BP was on Thursday accused of seriously underestimating the flow of oil from its Gulf of Mexico well.

Guns found in carbon trading 'fraud' raids
2010-05-20 18:12:58 from Energy - Telegraph
Tax investigators found guns and "huge piles of cash" as they arrested four men suspected of taking part in a £38m carbon trading fraud.

National Grid rights issue to raise £3.2bn
2010-05-20 08:20:07 from Energy - Telegraph
National Grid, the British gas and electricity network operator, is to raise £3.2bn in discounted rights issue to strengthen its credit rating and fund increased investment.

National Grid launches £3.2bn rights issue
2010-05-20 08:12:13 from FT.com - Energy Utilities Mining
The operator of gas and electricity networks launches a £3.2bn rights issue to fund a five-year investment programme to replace cable systems in London and Birmingham and strengthen underwater connectors

Rosneft ventures into Middle East
2010-05-20 03:00:00 from FT.com - Energy Utilities Mining
Rosneft, the Russian state oil company, has made its first foray into the Middle East with an agreement to develop projects with Crescent Petroleum, an Emirates-based...

SSE puts Welsh power plant on hold
2010-05-20 03:00:00 from FT.com - Energy Utilities Mining
Scottish & Southern Energy has delayed construction of a new power plant in south Wales, arguing that economic weakness in the UK had undermined plans for it to start...

BP is oil-stained but may now be cheap at the price
2010-05-20 03:00:00 from FT.com - Energy Utilities Mining
The Gulf of Mexico oil spill is bad - the original explosion cost lives and the aftermath threatens livelihoods - but watch the BP share price rather than the progress...

Asian sovereign wealth funds target US shale gas
2010-05-19 23:01:43 from FT.com - Energy Utilities Mining
The sovereign wealth funds of China and South Korea are set to lead a $900m investment in a leading US producer of natural gas from shale rock, becoming the latest Asia-based groups to focus on the sector

Gulf of Mexico oil spill: BP faces growing calls for boycott of its US products
2010-05-19 21:18:13 from Energy - Telegraph
BP's problems over the Gulf of Mexico oil spill mounted on Wednesday as the number of followers of a Facebook group called "Boycott BP" grew.

Shell to cut Nigeria gas flaring
2010-05-19 19:02:21 from Energy - Telegraph
Royal Dutch Shell has pledged to put $700m (£486m) towards phasing out the controversial practice of gas flaring at up to 75pc of its Nigerian operations.

SSE and E.ON delay gas plants on low demand
2010-05-19 18:11:19 from Energy - Telegraph
Two new gas power plants due to be built by E.ON and Scottish & Southern Energy have been put on hold as industrial power demand has not returned after the recession.

Caution urged over laser nuclear licensing
2010-05-18 23:32:30 from FT.com - Energy Utilities Mining
Experts want the US Nuclear Regulatory Commission to focus on security when considering licence applications, such as laser enrichment plans

Gulf of Mexico oil spill: Let's hope BP's Hayward won't regret his 'modest' prediction
2010-05-18 23:25:26 from Energy - Telegraph
Oh dear. The initial success of BP's do-it-yourself siphon appears to have gone to Tony Hayward's head.

Gulf of Mexico oil spill won't stop Shell drilling in Alaska
2010-05-18 20:52:21 from Energy - Telegraph
Royal Dutch Shell intends to push on with its plans for deepwater drilling off the coast of Alaska this summer, despite political hostility caused by BP's catastrophic spill in US waters.

Gulf of Mexico oil spill: BP insists oil spill impact 'very modest'
2010-05-18 20:16:42 from Energy - Telegraph
BP chief Tony Hayward seeks to calm US fears about deepwater drilling by playing down the environmental impact of the giant spill in the Gulf of Mexico.

China set to be Qatar's top gas buyer
2010-05-18 19:42:26 from FT.com - Energy Utilities Mining
The Gulf state is in talks to sell an extra 10m tonnes of liquefied natural gas to Beijing a year and 4m tonnes to India to meet Asia's thirst for energy to offset slowdowns in the US and Europe

BP captures 40pc of Gulf of Mexico oil leak as Obama officials face Congress grilling
2010-05-18 15:15:47 from Energy - Telegraph
Obama administration to be questioned by Congress as BP sucks up more of the oil gushing into the Gulf of Mexico

Macarthur rejects Peabody's A$3.8bn takeover
2010-05-18 07:32:23 from FT.com - Energy Utilities Mining
Peabody Energy's plan to acquire Macarthur Coal for A$3.8bn has collapsed after the Australian group said it could not recommend a revised takeover offer that was unlikely to win support from its two largest shareholders

Gulf of Mexico oil spill: BP faces 'civil and criminal' investigation
2010-05-17 23:55:01 from Energy - Telegraph
BP looks set to be investigated by the Department of Justice after a group of eight senior American politicians called for a full-blown examination of BP's alleged "civil and criminal" transgressions.

BP reduces Gulf of Mexico leak as new safety fears emerge
2010-05-17 22:03:07 from Energy - Telegraph
New concerns about BP's safety record overshadow success at plugging a fifth of its leaking well in the US Gulf.

Vitol sells 50% stake in storage business
2010-05-17 19:32:14 from FT.com - Energy Utilities Mining
The $735m deal with Petronas's MISC is the latest sign of change among the traditionally publicity-shy Switzerland-based trading houses, which dominate global commodities markets

Iran deal sets back US goal of sanctions
2010-05-17 19:03:40 from FT.com - Energy Utilities Mining
The deal with Turkey complicates Washington's drive to impose more UN sanctions on Iran, perhaps the highest priority of the Obama administration's foreign policy

BP oil spill siphon catches 1,000 barrels a day
2010-05-17 14:58:26 from Energy - Telegraph
BP shares rise 2.5pc after a new pipe starts to siphon up about a fifth of the oil gushing from its ruptured well in the Gulf of Mexico.

Medvedev rules out gas merger with Ukraine
2010-05-17 03:15:44 from