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The latest energy and utilities company and industry news with expert analysis from the Financial Times on FT.com
Updated: 30 min 55 sec ago
Small-caps: Solo Oil and Aminex rebound
Soloand Aminex both make gains on news of their intention to drill deeper at their Ntorya-1 well in Tanzania
Categories: Energy
Mining’s bruiser-in-chief builds a behemoth
Cecil John Rhodes himself might be proud of the the ambitions of Mick Davis, Xstrata chief executive, writes Sylvia Pfeifer
Categories: Energy
Fidelity calls for revised Glencore deal
The fund manager has joined a growing group of Xstrata shareholders seeking a change in the terms proposed by the commodity group
Categories: Energy
Bumi’s foundations undermined by spat
Calls to remove Nat Rothschild from the board of the London-listed coal miner he helped to create are sparking corporate governance fears
Categories: Energy
Aurelian’s sale plan fails to lift shares
Group’s share price is stuck around the 16p level due to disappointment over the progress of gas explorations in central and eastern European fields
Categories: Energy
Gas price fall forces BG’s hand
BG Group is the latest energy company planning to reduce production of shale gas in response to declining wholesale prices
Categories: Energy
De Beers uncertain after bumper 2011
The diamond miner’s CEO says the eurozone crisis is weighing on the industry but China and India will a resumption of robust growth
Categories: Energy
Asia’s richest woman takes on media
Mining magnate Rinehart battles to block journalists reporting a family legal dispute – as she increases her media interests
Categories: Energy
Zuma seeks to allay fears over nationalisation
President’s commentscome after a report commissioned by the ruling African National Congress assessing greater state intervention in the sector rejected nationalisation
Categories: Energy
Interactive Map: the Falkland Islands
Explore the economic and military assets in the Falkland Islands
Categories: Energy
Total promises to invest $23bn a year
The oil group has pledged to spend more on exploration and production to replace falling reserves, continuing a policy of greater risk-taking
Categories: Energy
Regulators approve US nuclear reactors
Federal regulators approved construction of the first new atomic plants in the US for more than 30 years
Categories: Energy
Bumi investors open to Rothschild trade-off
Shareholders in the coal miner are open to a compromise that would see the financier stand down as co-chairman but remain on the board
Categories: Energy
Electricity price gyrations boost power trading
Electricity has become the stamping-ground not only of utilities and merchants but of hedge funds, proprietary traders and Wall Street banks
Categories: Energy
How the Glencore and Xstrata merger stacks up
This interactive dashboard explores the details of the proposed Glencore and Xstrata merger
Categories: Energy
Cruise ship fallout hits oil and gas producers
Italian government accused of caving in to pressure from environmental lobbies by withdrawing legislation that would have eased restrictions on mineral exploration
Categories: Energy
BG Group
Its big bet on gas is proving a mixed blessing: it is repositioning itself as a middleman between supply-heavy US markets and demand-heavy Asia
Categories: Energy
Goldman takes stake in Mongolian bank
US lender takes 4.8 per cent holding amid mounting credit crisis in Mongolia’s fast-growing economy that is leaving banks searching for cash
Categories: Energy
GDF Suez hit by mild start to winter
World’s largest independent power producer by sales reports sharp fall in profits, but is buoyed by the recent freezing weather in Europe
Categories: Energy
BG to scale back shale gas plans
BG Group became the latest energy company to moderate enthusiasm for the fuel but a forecast for strong LNG demand lifted the share 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