You are hereEnergy News / Energy Financial News - Summary
Energy Financial News - Summary
Summary of recent energy financial news.
AGL Energy acquires majority interest in Sydney Gas at 54.4%
Auckland (Platts) -- 5Jan2009 -- Australia's AGL Energy has acquired a majority interest in Sydney Gas
at 54.4% according to a release on the Australian Securities Exchange Tuesday.
AGL Energy had announced a takeover bid for Sydney...
Read more [Platts Oil Industry News]
Asian toluene prices climb $15/mt on bear market rally
Singapore (Platts) -- 5Jan2009 -- Spot prices in the Asian toluene market trekked $15/mt higher on Tuesday
morning after receiving a boost from overnight crude oil gains and a surge in
US toluene prices, but most industry observers considered...
Read more [Platts Petrochemical news]
Asian Stocks Trade Mostly Higher
Stock markets in Asia mostly rose on growing optimism the world economy will recover later this year. Japan's Nikkei 225 stock average gained 0.9%.
Read more [The Street - Energy News]
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]
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]
Yellow metal will soar above $1,000 per ounce, says mining chief
The price of gold will go above $1,000 per ounce this year, according to Peter Hambro, chairman of Russian gold producer Peter Hambro Mining, writes William...
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]
Restaurant Group faces cocktail of troubles
... says that 2009 will be a year of consolidation, and with the price of carbon credits falling in recent weeks, there is plenty for the buyer to be nervous about. ...
Read more [Energy Industry Today - Emissions Trading News]
LyondellBassell seeks higher US prices despite Chap 11 concerns
Houston (Platts) -- 5Jan2009 -- LyondellBassell was expected to continue pushing for price hikes in the
US despite concerns that the company could declare Chapter 11 bankruptcy.
LyondellBasell has already nominated its January...
Read more [Platts Petrochemical 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]
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]
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]
Stocks keep gains
... 12 months ended 31 December 2008 will be ahead of market expectations, it added. Carbon credit specialist Camco sees a reduction of 6m in expected revenues and an associated reduction ...
Read more [Energy Industry Today - Emissions Trading News]
2009 Ag and Construction Expo Brings Bigger and Better to the MetraPark
... Ag Reporter and Northern Livestock Video. They include: Livestock nutrition, pesticide application, farm finance, carbon credits and energy. Visitors can sign up in a Grand Prize drawing sponsored by Tractor ...
Read more [Energy Industry Today - Emissions Trading 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]
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]
Japan LNG buyers conclude NWS import price review: source
Tokyo (Platts) -- 5Jan2009 -- A consortium of Japanese LNG buyers has recently concluded price review
talks on its existing LNG supply contract with Australia's North West Shelf,
sources close to the matter told Platts Monday.
...
Read more [Platts Oil Industry News]
