Energy News

Arrow Energy “will refuse” $3bn Shell and PetroChina bid

Analysts have predicted that Arrow Energy will turn down a $3 billion joint takeover bid from Royal Dutch Shell and PetroChina

BP and Devon Energy in $7bn Brazil deal

BP today announced a deal that will grant them a material exploration position in the deepwater offshore Brazil and significantly enhance its position in several strategic areas

Clipper Windpower announces new CEO, Director

Clipper Windpower Plc has announced the resignation and replacement of its President and CEO, while also making a addition to its Board of Directors

Chevron announces 2,000 job cuts

Chevron Corp. has announced it will cut 2,000 jobs this year as part of a cost cutting effort to refine its business

No “two-track” nuclear industry, warns Areva

The CEO of nuclear reactor builder Areva has warned against cutting corners on nuclear reactor projects at an international nuclear conference

PetroChina joins Shell in Arrow Energy bid

Royal Dutch Shell and PetroChina have come together to launch a takeover bid of Australian Liquefied Natural Gas group Arrow Energy

Green stimulus package should “buy American” argue senators

A group of four U.S. senators have announced legislation to amend last year’s energy stimulus package so that it will focus only on those green projects that support American companies

Two day Oil price jump ends with fall to $80 a barrel

Oil prices fell to near $80 a barrel today in Asia following a two day jump in price fueled by investor optimism that global demand for crude is recovering

Senate panel hears case to lift Minnesota nuclear ban

A state Senate panel heard three hours of testimony yesterday on a bill that would lift a ban on new nuclear plants in Minnesota

Clinton says U.S. “ready to help” resolve Falklands oil dispute

U.S. Secretary of State Hillary Clinton has said the U.S. is ready to help Britain and Argentina resolve their dispute over oil rights around the Falkland Islands

Showa Shell to make $1bn bet on Solar Frontier

Show Shell is investing $1 billion in CIS solar panels, seeking to become the largest producer of renewable energy technology in the world

Repsol to begin drilling for oil near Falkland Islands

Spanish oil company Repsol has announced plans to drill for oil in Falklands territorial waters, as Argentina continues to protest its sovereignty over the area

Centrica to buy Suncor’s Trinidad and Tobago gas assets

Centrica, the parent company of British Gas, has signed an agreement to acquire equity interests in Suncor’s Trinidadian gas blocks

Qatar Petroleum and ExxonMobil announce start of operations of AKG-2

Qatar Petroleum and ExxonMobil have announced that the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009

Drax releases FY 2009 results

Drax, the coal-fired power station owner, has said a rapid return to economic growth in the UK is unlikely

Oil prices soar to six-week high

The price of oil is at a six-week high in the face of a weakening dollar

Wall Street Green Trading Summit next month

Ninth annual event in New York City will examine carbon trading and finance, renewable energy credits, renewable hedge funds and more

Speaker at the 2009 WSGTS in New York City

Husky Energy CEO to retire, expected to run Asia business

The CEO of Husky Energy, Canada’s second-largest oil producer and refiner, plans to step down and take leadership of the company’s Asian business

ConocoPhillips, BP America quit climate coalition

The oil companies said the bill under consideration did not attach enough importance to natural gas, which they promote as a way to curb carbon emissions blamed for global warming

Stan Miroshnik appointed EVP Strategy and Business Development at TNK-BP

TNK-BP is Russia’s third largest oil company, owned by BP and AAR (Alfa, Access Renova). It also owns close to 50 percent of Russian oil and gas company, Slavneft.