Energy
Norway fund keen for greater board role
Move to sit on Volvo’s nomination committee is a big change in how oil fund operates and signifies a more active approach to its largest investments
Categories: Energy
Norway’s oil fund to become active investor
World’s largest sovereign wealth fund says it will help pick directors of groups in which it has key stakes and have more dialogue with chairmen
Categories: Energy
Norway’s oil fund to become active investor
World’s largest sovereign wealth fund says it will help pick directors of groups in which it has key stakes and have more dialogue with chairmen
Categories: Energy
Issues at heart of Deepwater Horizon
Judge hearing case poses key questions over definition of gross negligence and gives parties until June 21 to submit conclusions in BP trial
Categories: Energy
Issues at heart of Deepwater Horizon
Judge hearing case poses key questions over definition of gross negligence and gives parties until June 21 to submit conclusions in BP trial
Categories: Energy
Exxon and Conoco report flat profits
Upstream profits hit by a fall in prices for oil and for natural gas liquids, offset by a rise in the price of natural gas in North America
Categories: Energy
Exxon and Conoco report flat profits
Upstream profits hit by a fall in prices for oil and for natural gas liquids, offset by a rise in the price of natural gas in North America
Categories: Energy
Investors rebuke Barrick Gold over bonus
More than 85% of shareholders vote against co-chairman John Thornton’s bonus despite an impassioned defence by the group’s founder Peter Munk
Categories: Energy
Drax's £75m loan marks first for guarantee scheme
The Treasury is to underpin a £75m loan for the Drax power station in North Yorkshire, marking the first project to be financed using the Government's £40bn infrastructure guarantee scheme.
Categories: Energy
Libya set to launch oil licensing round
Abdelbari al-Arusi, oil minister, says Libya is drawing up an oil law which will allow a licensing round to be launched by year’s end
Categories: Energy
Libya set to launch oil licensing round
Abdelbari al-Arusi, oil minister, says Libya is drawing up an oil law which will allow a licensing round to be launched by year’s end
Categories: Energy
Spain’s energy overhaul hits Iberdrola
Power utility takes a €122m hit on newly introduced taxes and analysts warn that more reform, expected imminently, could lead to further weakening
Categories: Energy
Opec grapples with oil price slide
Even as the price has weakened from a high this year of more than $119, Opec members appear to be resisting the temptation to act
Categories: Energy
Opec grapples with oil price slide
Even as the price has weakened from a high this year of more than $119, Opec members appear to be resisting the temptation to act
Categories: Energy
Water bills rise 64pc in a decade
Water bills have risen twice as fast as earnings in the past decade in an industry that urgently needs further scrutiny, according to a new report.
Categories: Energy
Union urges water industry review
Water bills have risen twice as fast as earnings in the past decade in an industry that urgently needs further scrutiny, according to a new report.
Categories: Energy
Electricity: Hopes for sufficient power pinned on Subiya expansion
Demand will be met as long as new plants are on schedule, says Verity Ratcliffe
Categories: Energy
Climate watchdog eyes tax reform
Critics have argued that this shows policies to tackle climate change have driven big emitters to countries with more lax rules
Categories: Energy
MPs point to £2.3bn annual nuclear subsidy
Research for a committee of MPs says government plans to pay EDF a fixed price for the power it generates are a further boost to state aid
Categories: Energy
Miner reined in as gold sells off
Russia-focused gold company says it will scale back its expansion plans and focus on cost-cutting in the face of a fall in the gold price
Categories: Energy
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more