May 22 2013 06:55 BST Polish energy: Pressure rises in search for shale gasJust a couple of years ago, Polish government officials were optimistically spinning visions of the country becoming an energy superpower, generating enough wealth from potentially huge reserves of shale gas to help lower public debt and even to become a gas exporter. The reality is turning out to be muchBy Jan Cienski |
May 21 2013 18:59 BST Dimon victory despite investor backlashJamie Dimon has won a clear victory over shareholder activists looking to strip him of his chairmanship of JPMorgan Chase but investors used the bank's annual meeting to deliver a big protest vote against three of its directors. Corporate governance activists had hoped to install an independent chairman at JPMorganBy Tom Braithwaite in Tampa |
May 20 2013 23:59 BST Market manoeuvres: National brands can punch above their weightWe live in an increasingly globalised economy and the BrandZ rankings reflect this. The most common route to reaching the top 100 is for a brand to become global. Many categories are completely or largely dominated by global brands (cars, luxury, personal care, beer, technology, apparel, soft drinks). However, thereBy Nick Cooper |
May 20 2013 13:55 BST Greenpeace sounds alarm on oil groups after sinking of platformIn December 2011, an offshore drilling platform called the Kolskaya was being towed through the Sea of Okhotsk to Sakhalin Island in Russia's remote far east. The conditions were brutal. As a terrible winter storm raged, the Kolskaya capsized and sank. Fifty-three of the platform's 67 crew died. Investigators saidBy Guy Chazan |
May 15 2013 20:23 BST Brazil oil licences raise record R$2.8bnBrazil raised a record R$2.8bn in its first auction of licences for oil exploration blocks in five years, with oil majors including ExxonMobil, Chevron and BP winning blocks, as well as BG Group of the UK. The auction, which will help reinvigorate Brazil's oil industry after years of delays, markedBy Joseph Leahy in São Paulo |
May 15 2013 00:08 BST US earnings: irrational drearinessFirst-quarter reporting season is nearly past and, for US companies, it can be summed up thus: more of the same, only drearier. Sales growth for companies in the S&P 500 will come in a bit shy of 1.5 per cent, according to S&P Capital IQ - even lower than the |
May 15 2013 00:03 BST Ecopetrol: Company looks to build on post-privatisation boomLegend has it that El Dorado, the lost city of gold, was built in what is known today as Colombia, luring foreign conquistadors who never found its riches. Five centuries later it was the turn of oil explorers. Their hopes were high until the 1980s, when years of decline inBy Andres Schipani |
May 15 2013 00:03 BST An industry transformed by politics and science"There's a whole ocean of oil under our feet!" When the film There Will Be Blood was released in 2007, that exclamation by anti-hero Daniel Plainview, played by Daniel Day-Lewis, sounded like an echo from a long-vanished time. The age of the heroic oil wildcatter seemed to be over andBy Ed Crooks |
May 15 2013 00:03 BST Argentina: Would-be partners worry about the risk of shaleNo one doubts the attractiveness of Argentina's shale oil and gas prospects, particularly its vast Vaca Muerta (Dead Cow) formation, but unlike Eagle Ford in the US, which has rocketed from near-zero production to one of the world's top producing formations in five years, there has been no rush intoBy Jude Webber |
May 14 2013 17:58 BST Dublin considers raising oil industry taxesDublin is reviewing its generous fiscal regime for oil and gas companies following criticism from parliamentarians and campaigners, who warn the cash strapped country risks missing out on a tax bonanza following its first big oil discovery. Pat Rabbitte, Ireland's energy minister, said on Tuesday that the government would appointBy Jamie Smyth in Dublin |
