|
|
|
ENERGY NEWS
June 14 (Reuters) - Coal company L&L Energy Inc plans to buy at least a 51 percent stake in Shunda Mining Co, including two coal mines and a coal washing facility, in a bid to tap into higher demand for coal and energy in China.
>>>
WASHINGTON (AFP) - Under intense US pressure, energy giant BP presented a new plan to roughly triple the amount of oil it is capturing from a ruptured Gulf of Mexico well by the end of June, to more than 50,000 barrels a day.
>>>
(June 14) -- Nearly two months after the Deepwater Horizon drilling platform blew up and unleashed the worst oil spill in U.S. history, President Barack Obama is going all BP all the time this week to show he's serious about making the British energy giant clean up its mess.
>>>
Under intense US pressure, energy giant BP presented a new plan to roughly triple the amount of oil it is capturing from a ruptured Gulf of Mexico well by the end of June, to more than 50,000 barrels a day."After being directed by the administration to move more quickly, BP is now stepping up its efforts to contain the leaking oil," the official said Monday on condition of anonymity."They have now outlined a path to contain more than 50,000 barrels of oil per day by the end of June, two weeks earlier than they originally suggested," the official said.
>>>
President Barack Obama likened the disastrous oil spill in the Gulf of Mexico to the September 11 attacks in an interview published on the eve of his fourth visit Monday to the stricken region."In the same way that our view of our vulnerabilities and our foreign policy was shaped profoundly by 9/11, I think this disaster is going to shape how we think about the environment and energy for many years to come," he told Politico.com.Obama said he would be making a fresh bid to get Congress to pass a major energy and climate bill.
>>>
Siemens is announcing that it has won contracts to supply five new high-efficiency gas plants to Progress Energy at two sites in North Carolina that have six old coal-fired generators.
>>>
NEW YORK (Reuters) - Kohlberg Kravis Roberts & Co on Monday said it will join with privately-held Hilcorp Energy Co to develop that company's property in the Eagle Ford shale in south Texas.
>>>
TORONTO (Reuters) - Suncor Energy , Canada's largest oil and gas company, said it would sell its Dutch subsidiary to Dana Petroleum for C$582 million (385 million pounds) as it carves out surplus assets following last year's C$22.7 billion acquisition of Petro-Canada.
>>>
Politico - Obama and his Democratic allies plan a major new drive for a broad global-warming bill.
>>>
NEW YORK, June 14 (Reuters) - Kohlberg Kravis Roberts & Co on Monday said it will join with privately-held Hilcorp Energy Co to develop that company's property in the Eagle Ford shale in south Texas.
>>>
Oil prices rallied on Monday as a weaker dollar lifted demand for the key commodity, analysts said.Brent North Sea crude for delivery in July jumped 1.65 dollars to 76 dollars a barrel in midday London trade.New York's main futures contract, light sweet crude for July, gained 1.82 dollars to 75.60 dollars a barrel."It seems that risk appetite is back again on the table, as global equity markets are recovering strongly, while the weakening US dollar is still supportive for further gains in the energy market," said Sucden Financial analyst Myrto Sokou.
>>>
Today Siemens is announcing that it has won contracts to supply five new high-efficiency gas plants to Progress Energy at two sites in North Carolina that have six old coal-fired generators.
>>>
Energy Giant's New Strategy Calls for More than 50K Barrels Contained Daily by End of June, Administration Official Says
>>>
LONDON (Reuters) - Firmer miners helped Britain's leading shares index higher at midday on Monday, as investors' risk appetite improved, but further falls by BP weighed on the energy sector.
>>>
Households will be able to get a free 'green makeover' from M&S or B&Q under new plans to make all homes more energy efficient.
>>>
Oil prices were up in Asian trade on Monday as a strengthening euro lifted the market, analysts said.New York's main futures contract, light sweet crude for delivery in July, gained 96 cents to 74.74 dollars a barrel in the afternoon.Brent North Sea crude for July delivery advanced 92 cents to 75.27 dollars.A strengthening euro fuelled the surge in oil prices, analysts said."The euro is up, close to 1.22... I think that's the driver," said Clarence Chu, an oil trader with Hudson Capital Energy in Singapore.
>>>
LONDON (AFP) - British energy group BP said Monday that its costs of sorting out the Gulf of Mexico oil spill had risen to about 1.6 billion dollars (1.3 billion euros).
>>>
British energy group BP said Monday that its costs of sorting out the Gulf of Mexico oil spill had risen to about 1.6 billion dollars (1.3 billion euros)."The cost of the response to date amounts to approximately 1.6 billion dollars, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs," BP said in a statement.
>>>
British energy group BP said Monday that its costs of sorting out the Gulf of Mexico oil spill had risen to about 1.6 billion dollars (1.3 billion euros)."The cost of the response to date amounts to approximately 1.6 billion dollars, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs," BP said in a statement.
>>>
LONDON (AFP) - British energy group BP said Monday that its costs of sorting out the Gulf of Mexico oil spill had risen to about 1.6 billion dollars (1.3 billion euros).
>>>
|