May 24, 2013

Oil groups hit by US class action

A customer holds a petrol pump at a BP Plc gas station in London, U.K., on Monday, June 26, 2010. Robert Dudley's biggest challenge at BP Plc will be to ensure the London-based company's survival in the U.S., where it's the largest oil and gas producer. ©Bloomberg

BP, Shell and Statoil named in lawsuit over alleged price fixing

©Bloomberg May 24, 2013

Chesapeake to pay new chief Lawler $22m

First-year package is higher than that earned at rival groups

a waitress using a whistle to free her way while carrying traditional one-litre "Masskrug" beer mugs ©Reuters May 23, 2013

Dispute brews up over German shale search

Brewers fear pollution of their pure water sources by fracking

A gas burner of a stove is pictured in London, on July 31, 2008. British energy firm Centrica said Thursday that net profit surged 79 percent to 1.802 billion pounds (2.286 billion euros, 3.569 billion dollars) in the first half as it charged more for its gas and electricity to fight soaring wholesale costs."Centrica once again delivered a good financial performance during six months when wholesale natural gas prices in the UK were on average more than double those in the same period of 2007. ©Getty From UK May 23, 2013

The day UK had six hours’ gas left

Low storage levels and persistent cold to blame, says official

Isle of Grain LNG terminal ©Bloomberg From UK May 23, 2013

A perfect storm of energy supply problems

UK is seeing a worrying decline in LNG imports

May 23, 2013

Petrobras looks to issue bonds in euros

Move follows strong demand for $11bn offering

From FINANCIALS May 22, 2013

Credit Suisse sued over sale of oil group

Suit alleges bank failed to seek best price for Caspian Energy

Chesapeake Energy Corp. drilling ©Bloomberg From LEX May 22, 2013

Chesapeake: balance sheet hell

Daunting challenges lie ahead for new chief of US natural gas company

May 22, 2013

Shale gas a ‘new North Sea’, says IoD

Report sets out practicalities of building the industry

May 21, 2013

Shell board grilled on Alaska oil project

Shareholders call for rethink of strategy in region

May 21, 2013

BP increases challenges to oil spill payouts

Company believes many payments are unjustified

From FINANCIALS May 20, 2013

Riverstone eyes $1bn commodities venture

Private equity group in talks with new global asset-backed merchant

May 20, 2013

Essar Oil to trade fuel for Chinese loans

Indian companies make arrangements to obtain cheap Chinese funds

May 20, 2013

Anadarko executive to lead Chesapeake

Doug Lawler to head US gas producer after challenging search

May 20, 2013

Greenpeace sounds alarm on oil groups

Kolskaya sinking revealed Gazprom’s ‘disregard for safety’

From LEX May 19, 2013

BG Group: production numbers

Chief Chris Finlayson’s main messages were reassuring

May 19, 2013

Warburg makes $1.8bn on Targa cash-out

Success contrasts losses by private equity in energy deals

May 19, 2013

Tough oil pricing ahead, says Eni chief

Group identifies Asia as main target in future plans

May 19, 2013

Conservative MPs face fracking challenge

Gas extraction zones proliferate in southeast

From UK May 18, 2013

Ukrainian starts legal fight in London

Billionaire follows other oligarchs into English courts

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A worker on a Cnooc oil drilling platform in the South China Sea ©Reuters Pimco expects Asia’s energy shortage to lead to investment opportunities in the credit markets

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