SingaporeFollowing are energy highlights from some of today's selected Asia-Pacific newspaper editions. Click on the links to see related Argus stories.
Wall Street
Journal Asia
BP's decision to take part in the
auction of bankrupt Russian oil firm Yukos shows how eager the major is to
protect its Anglo-Russian joint venture TNK-BP (page 6).
Australian energy firm Alinta in final negotiations with Macquarie Bank as rival bid by consortium of rival Australian investment bank Babcock and Brown and Singapore Power falls over (page 6).
Bidding rivals for Spanish utility Endesa raise their offers but regulatory obstacles still stand in the way (page 7).
ExxonMobil signs a production-sharing contract for the Mandar block in Indonesia's Makassar straits (page 8).
Comment: US major auto makers should lessen their carbon emissions by buying carbon credits (page 16).
International
Herald Tribune
Russia closer to bringing all the former assets of Yukos under state control
(page 1).
New Total chief executive, Christophe de Margerie, off to a rocky start after being placed under investigation for allegedly paying bribes to win an Iranian gas project (page 11).
Endesa's board recommends German utility Eon's improved bid to its share holders (page 11).
Iran pressuring customers to abandon US dollars to buy its crude, with China's state-owned trader Zhuhai Zhenrong already paying by euros (page 12).
China and Norway's leaders sign an agreement on curbing climate change (page 12).
Financial Times
Chevron leads US companies threatening
to withdraw support for a free trade deal between the US and South Korea because of the fear of expropriation of assets (page 1).
TNK-BP as expected backs out early of Yukos auction (page 1).
Editorial: Battle for Endesa illustrates need for a more transparent regime in Spain to protect investors (page 12).
Lex: UK government banking less on tax revenues from North Sea oil operations (page 14).
Rescue job under way to save private equity buyout of US utility group TXU (page 17).
Credibility of Spanish stock market regulator CNMV hurt from fallout of Endesa takeover tussle (page 18).
Portugal's state-owned utility EdP buying US renewable power producer Horizon Wind Energy for $2.9bn (page 18).
Greek state-owned utility PPC sees 2006 profits dip 83pc to $29.5mn (page 18).
UK independent Cairn Energy posts 2006 loss of $91mn because of downgrading its gas reserves in Bangladesh (page 19).
Analysts say that planned oil and gas business expansion of Indian conglomerate Reliance Industries may stretch the resources of the firm too far (page 20).
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