TOP NEWS PICK : MAY 31, 2011

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India's Solar Mission on Track, But Needs More Props

NEW DELHI -- While India's solar mission to generate at least 1,100 megawatt of power by 2013 is on track now, private players feel the government needs to accelerate the pace of growth in the coming years to meet the eventual goal of generating 7% of the nation's power needs. | WSJ

Gazprom: Conflicting Statements From Top Management on Gas Exports

The management of Gazprom has started issuing conflicting statements. On Friday Gazprom's head A.Miller assured the Russian President, D. Medvedev that the export of Russian gas is growing at a record pace. | Oil Voice

Germany to close nuclear plants by 2022; a win for renewable energy

As a direct result of the nuclear meltdown at the Fukushima Daiichi plant in Japan, Germany will close its 17 nuclear power plants which currently generate 20% of the country’s electricity by 2022. | IFANDP 

Brent up on Greek bailout

Brent rose above $115 a barrel today as the dollar weakened on improved prospects of a bailout for debt-laden Greece, but oil remained on track for a fall in May, snapping a record eight-month winning streak. | Upstream Online

CHINA: The Great wall of Market Forces

China energy: supply vs demand

By Simon Rabinovitch

Try as it might to outrun market forces, China’s decision to hike electricity prices from June 1 shows that even the mighty mandarins in Beijing cannot ignore basic laws of supply and demand. They finally flinched late on Monday, announcing a roughly 3 percent increase in power prices for non-residential users in a move to combat looming blackouts by stimulating more electricity production and discouraging consumption.

NIGERIAN MARGINAL FIELDS: Navigating through the Financing Storms

It is now certain that there would be no oil block licensing round until the third quarter of this year. By implication it means the much awaited bid round for Nigerian marginal fields would also have to wait till then.

Nigeria holds periodic licensing rounds for new blocks and has said the next will be a chance for domestic companies to gain a foothold. Officials say the next auction is likely to be for both onshore and offshore fields totalling at least 2 billion barrels, which would include both big and marginal fields.

WEEKEND DIGEST-->>> 28-29 MAY

The Weekly Digest brings you the highlights of 'The Mix: Oil and Water!' for the past week.

Catch up. Read your favourite Articles and Posts- again and again...and some more!!!

Top 5 Posts Read- This Week:

BRITISH PETROLEUM (BP): Corporate Giant in a Giant Mess?

STATE OF THE BIOFUEL UNION: Biofuels Industry in the USA

BP’s COMPETITIVE STRATEGY: LEADERSHIP AT WHAT COST?

THE OBAMA WESTMINSTER SPEECH: 'Nothing about Oil?!!...Yeah right...Read this Version

TOP NEWS PICK: MAY 24, 2011

Top 5 Posts Read- All Time:

1- British Petroleum (BP): Corporate Giant in a Giant Mess?

2- BP's Competitive Strategy: Leadership at what cost?

3- European Gas Market: Pipeline Gas VS LNG

TOP NEWS PICK : MAY 27, 2011

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GE sees solar cheaper than fossil fuels in 5 years

Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. (GE) | Climate Progress

Petroceltic turns eyes east

Irish oil explorer Petroceltic is eyeing oil and gas deals in Tunisia and Egypt to take advantage of a funding gap brought about by unrest in the North African region, said its chief executive. | Upstream Online

Crude oil holds above $100 per barrel

NEW YORK, May 26 (UPI) -- Crude oil prices held above $100 per barrel in New York Thursday, with traders shifting positions after the latest weekly inventory report. | UPI.com

Tullow Oil To Buy Ghanaian Interests Of EO Group Ltd For $305M

LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN), the oil and gas firm, Thursday announced that it entered into a conditional agreement to acquire the interests of EO Group Limited, consisting of its entire interests. | WSJ

OIL: US WEANING CHINA OFF ITS IRANIAN MILK?

The United States collaborated with Saudi Arabia to increase crude oil supplies to China at the expense of Iran, U.S. diplomatic cables show. The move was designed to hurt Iran and win Beijing's support for sanctions against Tehran over its nuclear program.

China has long worried that oil supplies from Iran could be choked off if Beijing sides too closely with the West over Tehran's disputed nuclear activity, which opponents say is intended to give it the means to assemble nuclear weapons. Iran insists its nuclear program is peaceful.

BRITISH ENERGY POLICY: Royal Disaster?

Britain’s Royally Disastrous Energy Policies 

By Peter C Glover 

In June, London-based auctioneers Christie’s expects to raise £100,000+ selling Margaret Thatcher’s famous Asprey handbag. It’s the bag often carried by the Iron Lady on foreign trips and gave rise to the term “hand-bagging”, a term used by the British press to describe Mrs Thatcher occasional style in political debate with other national – mostly European – leaders.

If its value weren’t quite so high, it would be worth the investment of UK energy insiders who might consider using it to knock some sense into the heads of those having anything to do with formulating current coalition energy policies.