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Windsor Energy Group News Update: October 2008 October 2008 October 2008 WEG Newsletter October 2008
Dear Reader,
Welcome to the MEC’s latest edition of the Windsor Energy Group newsletters. In this issue, find news about the impact of the financial crisis in the energy industry and new investments in alternative energy.
If you would like to learn more about this newsletter or forthcoming events, or would like to suggest an event or article for inclusion in the next edition, please do not hesitate to contact me at inquiries@meconsult.co.uk.
Kind regards,
Daniel Herdt, Editor MEC International Ltd. Fax: 020 7591 4801 Email : inquiries@meconsult.co.uk
Scottish Power to lead the charge towards tidal powerScotland is to become a pioneer in generating electricity from the sea, Scottish Power will say on Monday when it unveils plans for the world’s biggest tidal power project and a factory to make tidal turbines. 28th September 2008 Chavez interested in nuclear help from RussiaVenezuelan President Hugo Chavez on Sunday said he was interested in working with Russia to develop a civilian nuclear power program. 28th September 2008
Political uncertainties compound lossesOil and gas companies are notoriously unpredictable investments. However, as three Aim-listed oil and gas companies reported interim losses on Friday, one predictable outcome in current markets is that many investors are likely to steer clear. 27th September 2008
Cash-Rich Oil Firms Snap Up Assets The turmoil on Wall Street is reshaping the U.S. oil industry, forcing debt-laden smaller producers to sell assets and creating opportunities for larger, cash-rich companies that until recently had been criticized by investors for spending too conservatively. 26th September 2008
Jubarte Field Could Contain 4 Billion Barrels The first Brazilian oil field to produce subsalt oil could be about half the size of the massive Tupi discovery, the governor of Espirito Santo state told the local Estado news agency Thursday. 26th September 2008
US crisis will have minor effect on GCC inflation DOHA: Investment bank EFG Hermes has held that the recent Wall Street crisis could have only a little impact on the GCC inflationary front; even as it said rents will continue to be an important driver. 25th September, 2008
Crude Below $100/Barrel May Affect International Upstream Investments Oil prices below $100 a barrel would make international upstream investments less attractive and lead to a decline in oil revenue that could reduce Iran’s investment in the oil industry, a top Iranian official said Wednesday. 24th September, 2008.
Oil Up After Surprise Drop in US Crude Supplies Oil prices are rising after the government reported a surprise drop in U.S. crude supplies. The Energy Information Administration said crude supplies fell by 1.5 million barrels to 290.2 million barrels for the week ending Sept. 19. 24th September, 2008 EDF completes UK nuclear line-upLess than two months after British Energy shareholders walked away from an earlier deal, EDF has bagged the UK nuclear power generator in a £12.4bn deal. 24th September 2008
Iraq signs gas deal with Shell BAGHDAD: Iraq signed a multi-billion-dollar natural gas deal with Royal Dutch Shell yesterday, the second major energy deal agreed with a foreign firm since the US-led invasion in 2003. 23rd September, 2008
East-west channel being planned for UAE oil exportsDubai: Oil supplies from the Gulf will not be interrupted even in case the conflict between Iran and the US becomes a full scale confrontation, Dubai Police chief Lieutenant General Dahi Khalfan Tamim said on Sunday. 22nd September, 2008
New LNG terminal transported to Italy’s coastExxon Mobil Corporation today announced that the world’s first offshore liquefied natural gas or LNG terminal arrived at its final location off the Italian coast, where it will be capable of supplying about 10 percent of Italy’s natural gas requirements. 19th September 2008
Shell announces six new biofuels research agreementsRoyal Dutch Shell plc (“Shell”) today highlighted its approach to biofuels innovation, announcing six new research agreements with experts in academic institutions across the world. They are part of a growing programme of agreements designed to complement Shell’s own biofuels research and development, and to accelerate results. 17th September 2008
Shares in BG Group soar on discovery of Brazilian oilfieldThe discovery of another multibillion- barrel oilfield off the coast of Brazil sent the share price of BG Group soaring yesterday as stock markets worldwide focused on the emergence of a new Latin American petrostate. 12th September, 2008
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MEC International Ltd. Granville House 132-135 Sloane Street London SW1X 9AX Tel: 020 7591 4816 Fax: 020 7591 4801 e-mail : mec(at)meconsult.co.uk |
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