forbot
All countries
Column news Power market. Actual in United Kingdom in the world
Currency (GBP)
Column news Power market. Actual in United Kingdom in the world
All categories

Power market

The Arctic: a new frontier for oil, gas firms

24 Jan 2011 | Power market
The Arctic: a new frontier for oil, gas firms
BP's deal with Rosneft to jointly explore the Arctic's huge oil and gas reserves sets out a new frontier in the race for resources, but one that is dogged by technical and environmental concerns. More than one fifth of the world's undiscovered but technically recoverable reserves of hydrocarbons are located north of the Arctic Circle, according to the US Geological Survey (USGS). The region accounts for about 13 percent of the world's undiscovered oil and 30 percent of the undiscovered natural gas, USGS data shows. About 84 percent of the resources occur offshore, trapped below the icy waters. After its disastrous oil spill in the Gulf of Mexico, BP hopes to secure its future with the January 14 deal with state-owned Russian firm Rosneft, which gives it access to 125,000 square kilometres of sea in the Russian Arctic. For Western firms struggling to access known reserves, particularly in the Middle East, the British oil giant's move highlights the potential of a largely untouched new frontier....

Rubric news Power market

  • Shell set to invest $1B more in Malampaya
    Shell set to invest $1B more in Malampaya
    19 Jan 2011 | Power market
    The Philippine unit of Royal Dutch Shell Plc plans to invest as much as $1 billion in the development of the second phase of the Malampaya deep-water-to-gas power project off Palawan. Speaking at the joint membership meeting of the Makati Business Club and Management Association of the Philippines...
  • Oil lingers above $91 a barrel in Asia
    Oil lingers above $91 a barrel in Asia
    19 Jan 2011 | Power market
    Oil prices lingered above $91 a barrel Wednesday in Asia, underpinned by a rise in regional stock markets and raised demand forecasts for this year. Benchmark crude for February delivery was up 15 cents at $91.53 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange....
  • Oil slips to near $91 after China tightening move
    Oil slips to near $91 after China tightening move
    17 Jan 2011 | Power market
    Oil prices slipped to near $91 a barrel Monday in Asia after China's latest move to restrict lending raised the prospect of weaker demand for crude. Benchmark oil for February delivery was down 25 cents at $91.29 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange....
  • OPEC digs in on oil price as it enters 'danger zone'
    OPEC digs in on oil price as it enters 'danger zone'
    10 Jan 2011 | Power market
    Spurred by a weak dollar, oil prices exceeded $90 per barrel after Christmas, the highest since October 2008. Last week the International Energy Agency revealed that the oil import costs for the 34 members of the Organisation for Economic Co-operation and Development have soared by $200bn to $790bn....
  • BP shares up 65% after Shell briefly considered bid
    BP shares up 65% after Shell briefly considered bid
    5 Jan 2011 | Power market
    Shares in oil major BP hit a six-month high yesterday after The Daily Mail newspaper reported rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill. BP shares were up five per cent to 488.85 pence at 1000 GMT. The paper, citing sources close to the Anglo-Dutch group...
  • Oil hovers below $92 in Asia as global stock market rally bolsters investor confidence
    Oil hovers below $92 in Asia as global stock market rally bolsters investor confidence
    4 Jan 2011 | Power market
    Oil prices hovered below $92 a barrel Tuesday in Asia near a two-year high as a stock market rally to start 2011 boosted crude trader optimism. Benchmark oil for February delivery rose 7 cents to $91.62 a barrel midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract...
  • OPEC caution on output may help bring back $100 oil
    OPEC caution on output may help bring back $100 oil
    30 Dec 2010 | Power market
    Oil has burst above top exporter Saudi Arabia's preferred $70-$80 range and yet OPEC is unlikely to stop the rally, helping to prepare the way for the market to bound above $100 a barrel. At meetings this month -- a full conference of the Organisation of the Petroleum Exporting Countries in Quito and...
  • Wind Farms Could Give Humberside Job Boost
    Wind Farms Could Give Humberside Job Boost
    27 Dec 2010 | Power market
    Developers believe green energy can do for Humberside what oil and gas did for Aberdeen in the 1970s. Fishing has always been one of the main industries on the banks of the Humber, but these days it's on a much smaller scale - there is now a new harvest to be reaped at sea. The wind energy sector still...
  • New Interest in Turning Gas to Diesel
    New Interest in Turning Gas to Diesel
    24 Dec 2010 | Power market
    Diesel and jet fuel are usually made from crude oil. But with oil prices rising even as a glut of natural gas keeps prices for that fuel extraordinarily cheap, a bit of expensive alchemy is suddenly starting to look financially appealing: turning natural gas into liquid fuels.  A South African firm...
  • OPEC holds oil production targets, sees price of $70-$80 a barrel
    OPEC holds oil production targets, sees price of $70-$80 a barrel
    13 Dec 2010 | Power market
    Last week's $90 oil price was a blip that won't be sustained in the new year, the Organisation of Petroleum Exporting Countries indicated as it kept output targets unchanged. Cold weather forecasts in America and Europe and speculation that the US may extend stimulus measures - weakening the dollar...
  • Oil falls below $88 in Asia on profit-taking
    Oil falls below $88 in Asia on profit-taking
    8 Dec 2010 | Power market
    Oil prices fell Wednesday in Asia as traders locked in profits after crude rose above $90 a barrel for the first time in more than two years. Benchmark oil for January delivery was down 86 cents to $87.83 a barrel at late afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange....
  • Crude prices little changed on dollar strength, Europe debt concerns
    Crude prices little changed on dollar strength, Europe debt concerns
    7 Dec 2010 | Power market
    Crude oil prices were little changed from Friday's closing levels in late-morning trade in New York after spending the morning alternating between gains and losses as concerns continued about debt problems in some parts of Europe and as the US dollar strengthened versus the euro and the yen. January...
  • India, France sign multi-million dollar nuclear power deal
    India, France sign multi-million dollar nuclear power deal
    6 Dec 2010 | Power market
    India and France signed a multi-million dollar agreement on Monday to build two nuclear power plants in India as French President Nicolas Sarkozy worked to drum up business for his nation during his four-day visit here. Areva SA, one of France's main nuclear power companies, will build two European...
  • 23 Nov 2010 10:37
    Oil falls to $81 as traders eye equities, dollar
    23 Nov 2010 | Power market
    Oil prices fell to near $81 a barrel Tuesday in Asia as falling stock markets and a stronger U.S. dollar weighed on crude. Benchmark oil for January delivery was down 50 cents to $81.24 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract...
  • Credit hurdles continue to stifle Iran oil trade
    Credit hurdles continue to stifle Iran oil trade
    19 Nov 2010 | Power market
    Oil trade with Iran remains more difficult following tougher sanctions against the Islamic Republic, industry sources said, despite a message from the European Union that such operations are legal. Saras, an Italian oil refiner, said last week that transactions with Iran have become more challenging...
  • BP Agrees Sale of Five Southern African Marketing Businesses to Puma Energy
    BP Agrees Sale of Five Southern African Marketing Businesses to Puma Energy
    16 Nov 2010 | Power market
    BP today announced that it has agreed to sell its fuels marketing businesses in Namibia, Botswana and Zambia to Puma Energy. BP also announced that it has agreed to sell its 50 interest in each of BP Malawi and BP Tanzania to Puma Energy, subject to the pre-emption rights of its co-shareholders (Press...
  • Energy shift: With oil fields declining, companies turn their attention to natural gas
    Energy shift: With oil fields declining, companies turn their attention to natural gas
    10 Nov 2010 | Power market
    Pretty soon, Big Oil will be more like Big Gas. The major oil companies are increasingly betting their futures on natural gas, with older oil fields producing less crude and newer ones either hard to reach or controlled by unfriendly nations. They are focusing more than ever on natural gas because it...
  • Power failure: UK's wind farm plans in disarray
    Power failure: UK's wind farm plans in disarray
    28 Oct 2010 | Power market
    Hundreds of local revolts against wind farms have jeopardised the plan to use them to generate more than a quarter of Britain's electricity. New wind farms are needed to have any chance of creating enough renewable energy to reduce reliance on coal and gas power production. But planning approvals for...
  • 22 Oct 2010 11:24
    Oil hovers below $81 as traders mull Fed moves
    22 Oct 2010 | Power market
    Oil prices hovered below $81 a barrel Friday in Asia as traders mulled the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth. Benchmark oil for December delivery was up 12 cents at $80.67 a barrel at late afternoon Singapore time in electronic trading on the New...
  • OPEC Sees Slowing Ahead, But Expects Steady Output
    OPEC Sees Slowing Ahead, But Expects Steady Output
    13 Oct 2010 | Power market
    When the Organization of Petroleum Exporting Countries meets Thursday in Vienna for the first time in seven months, it will grapple with an overriding question: Can it continue to simultaneously enjoy the benefits of high levels of production and high prices? For months, the 12-nation oil cartel has...
  • Siemens to Build GBP80m Wind Turbine Factory in the UK
    Siemens to Build GBP80m Wind Turbine Factory in the UK
    29 Mar 2010 | Power market
    Siemens, the largest provider of wind turbines and offshore grid connections to the UK, has responded positively to the announcement by the Chancellor of the Exchequer in the March 2010 Budget, to allocate funding of GBP60m to a competition for land development. Siemens has indicated its appreciation...
  • India, UK ink civil nuclear pact
    India, UK ink civil nuclear pact
    11 Feb 2010 | Power market
    India on Thursday signed a civil nuclear cooperation agreement with the UK, which became the eighth country to enter into such pact with New Delhi since the lifting of atomic trade embargo in 2008. The agreement was signed by Atomic Energy Commission Chairman Srikumar Banerjee and British High Commissioner...
  • Oil fuels UK producer prices rise
    Oil fuels UK producer prices rise
    5 Feb 2010 | Power market
    The prices of goods leaving UK factories rose at their fastest rate for 13 months in January, fuelled by a jump in the cost of oil, figures show. Producer price inflation increased to an annual rate of 3.8% last month, said the latest data from the Office for National Statistics. This was the biggest...
previous12345...8next
Compare0
ClearSelected items: 0