Following are energy highlights from today’s editions of the European press. Click on the links to see related Argus stories.
Financial Times
Comment: Germany’s success at chairing the EU, particularly in the area of global warming and reducing carbon emissions, is a hard act for Portugal to follow (p12).
The performance of some mining companies listed on London’s subsidiary Aim stock market has not been realised fully, says investment research group Edison (p21).
News analysis: Expected demand for biofuels has lured investors into the Brazilian sugar and ethanol industry (p22)
Russia’s state-controlled Rosneft buys Moscow headquarters of bankrupt oil firm Yukos (p24).
Wall Street Journal
The chief executive of Kuwait’s state-owned KOC, Farouk al-Zanki, said the country’s plans to boost oil production will not be affected by the sudden departure of Sheikh Ali al-Jarrah al-Sabah as oil minister (p19).
Russian state-controlled oil firm Roseneft’s failure to reveal the financial details of its sale of a 50pc stake in Siberian crude producer Tomskneft and its acquisition of assets that once belonged to bankrupt compatriot Yukos has puzzled analysts (p32).
Lloyd’s List
UK ports have elected to remain at the minimum “level one” security standing despite the recent unsuccessful terrorist attacks in London and Glasgow (p1).
South Korea’s top three shipyards raked in a combined total of $27.6bn of orders for new vessels in the first half of this year, owing largely to a sharp increase in the price of dry-bulk coal and iron ore carriers (p3).
Oslo-listed shipowner Golden Ocean has lifted its order book for newbuild vessels to $1bn, adding orders for two more Panamax-sized dry-bulk coal and iron ore carriers from India’s Pipavav shipyard (p3).
Singapore-listed shipowner STX Pan Ocean has placed a $120mn newbuild order for four Handymax sized dry-bulk carriers of coal and iron ore with Chinese shipbuilder Nantong Huigang (p3).
China LNG Shipping, a Hong Kong-based owner of LNG import terminals in China, looks set to proceed with orders for six LNG carriers to serve new import terminals in Shanghai and Ningbo (p5).
ExxonMobil has joined forces with Australian gas and power retailer AGL Energy and several other field stakeholders to launch a $60mn study evaluating the merits of building a 5mn-6.5mn t/yr LNG facility in Papua New Guinea (p5).
Norway’s Norsk Hydro and Shell have started the next phase of developing the deepwater Ormen Lange gas field off Norway by chartering drilling and subsea construction vessels (p8.).
Oil exports from Girassol, a Total-owned floating production, storage and offloading (FPSO) vessel off the Angolan coast, will remain at current levels into the next decade as Total has completed a successful tie-back to its nearby Rosa oil field (p8).
Send comments to feedback@argusmediagroup.com
ml
