Energy Daily: Clegg censures British Gas over insulation project, ...

 
 
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Tuesday November 12 2013
 
 
Energy
 
Clegg censures British Gas over insulation project
 
British Gas has been criticised for its slow delivery of an insulation scheme that energy companies have partly blamed for the rise in bills
 
 
 
Green energy move fuels German job fears
 
 
Transocean reaches deal with Icahn
 
 
Better cooperation could tap £20bn prize
 
 
Lonmin back in profit after heavy losses
 
 
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Oil & Gas
 
Zhaikmunai plans to change name
 
Kazakhstan-based group to hold special meeting in Amsterdam later this month to consider options ahead of a possible listing in London
 
 
 
BP in fresh attempt to curb spill payouts
 
Mining
 
Sales and profit boost for UK plc
 
Excluding miner BHP's woes, revenues for FTSE 350 companies rose up 8.2% in quarter, though the improvement was less marked for profits
 
 
Nick Butler
 
Opec will find struggle to cope with Iran's return
 

Nowhere is the failure of the talks between the international community and Iran over Tehran’s nuclear programme more welcome than in Riyadh. A fudged deal would have given legitimacy to the government in Tehran and confirmed the weakness of the strategic alliance between Saudi Arabia and the US.

More important still, it would have raised the prospect of the Saudis having to make serious cuts in oil production and exports to support the price of the output from Opec, the oil producers’ cartel. These are cuts the kingdom can ill afford. But, sooner or later, Iran will be on its way back into the oil market.

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