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Today's Energy News Summaries
A summary of recent energy industry news from a variety of sources.
Coley to stay on at British Energy
Vincent de Rivaz , chief executive of EDF Energy, the UK division of the French power giant, has been rewarded for his successful year-long pursuit of British...
Read more [Financial Times Energy News]
Putin orders cut in Ukraine supply
Vladimir Putin, Russia's prime minister, yesterday ordered Gazprom, the Russian energy giant, to reduce gas supplies to Ukraine bound for Europe in a move that...
Read more [Financial Times Energy News]
Volvo tie-up lifts Clean Air Power
Shares in Clean Air Power, the Aim-listed maker of equipment that enables trucks to run on a mixture of liquefied natural gas and diesel, rose 14 per cent to 14½p...
Read more [Financial Times Energy News]
Energy landscape poised for a dramatic reshape
Leading international oil and gas companies could emerge as winners from the financial crisis, as the steep drop in oil prices and asset valuations creates...
Read more [Financial Times Energy News]
Emerging markets grab a bigger slice of the action
The most striking trend in oil and gas M&A in recent years has been the rise of bidders from emerging economies - a development that hit the headlines with the...
Read more [Financial Times Energy News]
Conditions ripe for a reshuffle of energy sector pack
Leading international oil and gas companies could emerge as winners from the financial crisis, as the steep drop in oil prices and asset valuations creates...
Read more [Financial Times Energy News]
Escalating violence pushes oil price higher
Crude oil prices closed above $49 a barrel yesterday as fighting between Israel and Hamas escalated. Nymex February West Texas Intermediate rose $2.47 to $48.81 a...
Read more [Financial Times Energy News]
Water supply deemed safe near Kingston coal plant fly ash spill
Washington (Platts) -- 5Jan2009 -- The public water supply in eastern Tennessee towns near the site of the
December 22 fly ash dike failure at Tennessee Valley Authority's Kingston
coal-fired power plant is safe to drink, according to the...
Read more [Platts - Coal News]
US oil/gas sector set record high for drilling costs in 2007: API
Washington (Platts) -- 5Jan2009 -- The US oil and natural gas industry spent an all-time high of $226.4
billion in drilling expenditures in 2007, more than double the previous record
of $109.8 billion set in 2006, the American Petroleum...
Read more [Platts Oil Industry News]
Citgo suspends US heating oil program on price slide: partner
New York (Platts) -- 5Jan2009 -- Venezuelan state oil company PDVSA has "suspended" its winter heating oil
assistance program to underprivileged communities in the US because of falling
oil prices, the company's US partner, Citizens Energy...
Read more [Platts Oil Industry News]
Israeli oil demand unaffected by Gaza conflict
London (Platts) -- 5Jan2009 -- The ongoing clashes between Israeli forces and Palestinians in the Gaza
Strip are being closely monitored by the oil industry, sources said Monday.
Jet fuel is of particular interest as the conflict...
Read more [Platts Oil Industry News]
Moody's downgrades E&P independents to 'negative' on price falls
New York (Platts) -- 5Jan2009 -- Moody's has downgraded the independent exploration and production
industry to "negative" because of the "precipitous" decline in oil and natural
gas prices expected to lead to low cash margins and "fundamental...
Read more [Platts Oil Industry News]
Banks pull plug on Oilexco's UK operations
The UK arm of Oilexco is likely to go into administration within days, taking all the London and Toronto-listed exploration and production company's oil and gas reserves with it
Read more [Financial Times Energy News]
Slo-mo splat
Remember the wall that environmentalists (like the 1972 "Limits to Growth" authors) have long been saying that industrial society would eventually hit? Permit me to make the formal introduction: Industrial society, meet wall; wall, meet industrial society.
Read more [Energy Bulletin]
EDF calls on UK to declare nuclear need
The French energy group gave a policy deadline if the first of a new generation of reactors is to be ready for 2017
Read more [Financial Times Energy News]
Conditions ripe for reshuffle in energy sector
Many small players could become potential targets of leading companies as the drop in oil prices and asset valuations creates opportunities for deals
Read more [Financial Times Energy News]
Gas Supplies Drop, EU Plays Down Dispute
EU officials say there is no reason to panic, despite several countries having to dip into reserves to meet the shortfall.
Read more [The Street - Energy News]
Nigerian communities demand $1.3bn gas flare compensation
Lagos (Platts) -- 5Jan2009 -- Communities in Niger Delta region have demanded that the Nigerian
government pay them Naira 165 billion ($1.3 billion) as compensation for years
of gas flaring that caused environmental pollution, the...
Read more [Platts Oil Industry News]
Crude futures higher on geopolitical tensions, gas dispute
London (Platts) -- 5Jan2009 -- Global crude futures firmed in European morning trading Monday, holding
on to recent gains as geopolitical tensions in the Middle East and the gas
dispute between Russia and Ukraine underpinned sentiment,...
Read more [Platts Oil Industry News]
European ethanol poised to rise on gasoline strength
London (Platts) -- 5Jan2009 -- European ethanol prices may be set to strengthen on the back of a sharp
surge in gasoline prices, trading sources said Monday.
"Ethanol will be interesting today as gasoline has come up sharply,...
Read more [Platts Petrochemical news]
