Energy

Øystein Løseth

At the helm of a company at the forefront of an industry about to expode, we might hear a lot more about this innovative CEO

Marijn Dekkers

Unafraid to make wholesale changes, Bayer’s leader has forced the giant to step up a gear

Rio CEO says still seeking BHP iron ore JV approval

Rio Tinto CEO Tom Albanese said the miner would keep seeking regulatory approval for a $116bn joint venture with BHP Billiton after a report that the deal faces collapse. Global miners BHP and Rio expect the iron ore joint venture in Western Australia will fail to get regulatory approval, the Sydney Morning Herald reports. The […]

BP replaces CEO; posts $17bn Q2 loss on spill

BP Plc has named American Bob Dudley as its next CEO, saying Tony Hayward would stand down after his gaffe-prone handling of the worst oil spill in US history that triggered a $17bn quarterly loss. Dudley, the US executive managing BP’s response to the spill in the Gulf of Mexico, will get the top job […]

Crying out for energy

Underground Coal Gasification (UCG) has been flying under the radar for decades, until now. A cleaner alternative to traditional coal mining and coal seam gas, UCG is gathering international followers. We reveal the uptake of UCG technology in Australia and around the world

Germany’s E.ON agrees to sell US business-sources

German utility E.ON agreed to sell its US business, two people with knowledge of the matter said, in a deal investors expect to yield billions of euros for the world’s largest power company. “That’s right,” one of the persons said when asked whether the power provider had reached an agreement. The power provider aims to […]

Oil groups turn focus back to traditional fields

The six-metre high red, blue and gold ball recently painted on the side of the Alwyn alpha rig is the largest Total logo in the world – a sign of Big Oil’s growing focus on its heartlands

Merkel says binding global climate targets essential

German Chancellor Angela Merkel has called on industrialised and emerging nations to agree to binding targets on cutting greenhouse gases, saying that this was the only way to fight climate change. Merkel, who has taken a leading role in pushing other countries to fight climate change, also put the blame squarely on emerging states for […]

Helge Lund

When Helge Lund took over the reins as CEO of Statoil in 2004, he inherited a company that was struggling to get to grips with major strategic and structural changes, while at the same time embroiled in legal proceedings resulting from ill-advised business dealings

Europe shares hit 15-mth high; oils, miners rise

European shares hit a new 15-month high in early trade on Monday, with energy companies and miners among the top performers, after strong trading data from China boosted sentiment. At 0922 GMT, the FTSEurofirst 300 index of top European shares was up 0.7 percent at 1,072.88 points, and had touched a new 15-month high of […]

Bolivia’s Morales needs cash, know-how for bold plans

Bolivia’s President Evo Morales wants to launch state-run paper and cement ventures and develop lithium, petrochemical and iron projects in his second term but a lack of foreign investment and know-how could hamper his ambitious plans. Leftist Morales won 63 percent of the vote in an election on Sunday to run the energy-rich but economically poor […]

OPEC set for no change, oil price holds the key

OPEC is expected to hold output steady when it meets in Luanda at the end of this month, rounding off a year of stable production policy and of robust oil prices. Oil inventories are brimming and any recovery in demand is expected to be slow, but international benchmark U.S. crude futures have more than doubled […]

Jeroen Van der Veer

five years at the top of one of the word’s biggest oil companies in an industry groping for its own long-term survival. But question marks remain about just how effective Van der Veer has really been. Has he shaken – or stirred up – Shell enough?

Spain sets the European standard

Spain has embraced renewable energy, with wind power alone fulfilling 11.5 percent of the country’s electricity demands so far this year. Spain ranks third worldwide in terms of overall installed wind-power capacity at nearly 16,000 megawatts, and they haven’t stopped there

Johannes Sittard

A family tradition has taken Johannes Sittard from a German classroom to the helm of one of the newest entrants to the FTSE 100 share index, mining firm Eurasian Natural Resources Corp

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