Energy Report

Monday, August 28, 2006

Chad seeks more from its partners in an oil pipeline

Chad seeks more from its partners in an oil pipeline
By Benot Faucon
The Wall Street Journal Europe
28 Aug 2006

LONDON— Chad’s government has told the partners in an oil pipeline operated by Exxon Mobil Corp. that the nation wants to renegotiate the project’s contract, according to a top official at the office of the country’s president. The statement came a... read more...

Tuesday, August 22, 2006

Sell-off of nuclear plants faces delay

Sell-off of nuclear plants faces delay
Nils Pratley Terry Macalister
The Guardian
22 Aug 2006

The government plans to fast-track its sale of a multibillion-pound stake in British Energy, with a road show for potential investors ready to start next month. But hopes for an early sell-off of British Nuclear Group are likely to be dashed today when... read more...

Monday, August 21, 2006

Does decline in oil price mark a turning point?

Does decline in oil price mark a turning point?
By Ann Davis And Bhushan Bahree
The Wall Street Journal Europe
21 Aug 2006

A nearly 8% decline in crude-oil prices in the past two weeks, and the market’s flirtation Friday with prices below $70 a barrel, is reigniting a debate: Is there an oil-price bubble, and could it burst? Underlying the question is an argument about... read more...

Thursday, August 17, 2006

British Energy says output goal looks improbable

British Energy says output goal looks improbable

The Wall Street Journal Europe
17 Aug 2006

Nuclear-power generator British Energy Group PLC warned it is unlikely to hit its output target for the year amid performance problems at its aging reactors. The news hit the company’s shares, which fell 4.5% to 718 pence ($13.59) in London... read more...

Wednesday, August 16, 2006

BP mulls using another pipeline from closed field

BP mulls using another pipeline from closed field
By John M. Biers
The Wall Street Journal Europe
16 Aug 2006

PRUDHOE BAY, Alaska— BP PLC officials are considering alternative pipeline routes fromthe closed portion of the giant oil field here, a move that might allow production to resume by October. Theeastern portionof the field— closed last week after the... read more...

Friday, August 11, 2006

Bush eschews tough tacticsweaning U.S. from oil

Bush eschews tough tacticsweaning U.S. from oil
By John D. McKinnon And Laura Meckler
The Wall Street Journal Europe
11 Aug 2006

WASHINGTON— Six months ago, President George W. Bush upbraided Americans in his State of the Union address for being “addicted to oil” and urged them to look at ethanol as a cure. It was the signature moment in the energy strategy the president has... read more...

Tuesday, August 08, 2006

Panic fast-track for ethanol

Panic fast-track for ethanol
Steve Lewis Samantha Maiden
Australian
08 Aug 2006

THE Howard Government is fast-tracking plans to subsidise the use of alternative fuels such as ethanol in a panicked response to community anger over high petrol prices. As MPs warn of a voter backlash ahead of next year’s election, millions of... read more...



Friday, August 04, 2006

DEFAULT lHomeowners at risk

DEFAULT lHomeowners at risk

San Jose Mercury News
03 Aug 2006

ing months. Notices of default are the first step in the foreclosure process. Statewide, the number of homeowners in default reached 20,752, a 67 percent increase from the second quarter of 2005, when default rates hovered near historic lows. It was... read more...



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Wednesday, August 02, 2006

The end comes for Yukos as oil firm declared bankrupt and auction ordered

The end comes for Yukos as oil firm declared bankrupt and auction ordered
Tom Parfitt Moscow Terry Macalister
The Guardian
02 Aug 2006

Yukos, the Russian oil company whose former owner dared to defy the Kremlin, was finally crushed yesterday as a court in Moscow declared it bankrupt and ordered its assets to be sold. The Russian state-dominated companies Rosneft and Gazprom were... read more...