Hints and tips:
...Amec Foster Wheeler in 2016....
...The gleaming Amaravati depicted in Foster + Partners’ renderings is years, perhaps decades, away....
...Ed Davey, the energy secretary, said Sellafield Ltd would become a subsidiary of the decommissioning authority....
...The collapse of Amec’s approach for Kentz in September led to its spurned suitor launching an agreed $3.2bn cash-and-shares offer for US rival Foster Wheeler in January as part of a wave of continuing consolidation...
...The London-listed group’s provisional $3.2bn offer for Foster Wheeler, unveiled on Monday, looks equally tentative....
“I go where I can do good, if you’ll excuse the double meaning”
Group pursuing ‘standalone’ strategy
IPO market remains fragile in UK
...For that to continue, skills training needs to improve, says Robert Davis, chief executive of EA Technology, a global energy consultancy and manufacturer based in Capenhurst....
...Essar Energy slid a further 1.2 per cent to 245½p following results this week, which met forecasts but highlighted a lack of progress on securing mining permits....
...Among energy companies, Tullow Oil slipped 6 per cent to 951½p....
...So, international companies based in Scotland – including blue-chips such as Standard Life, the insurer, and Cairn Energy, the oil and gas group – received a shock last week when the Scottish National party...
...Mr Cameron last week said he wanted to focus on “industries of the future”, such as aerospace, pharmaceuticals and green energy as well as tourism....
...Imperial Tobacco edged up 0.5 per cent to £20.01, BSkyB took on 0.5 per cent at 757½p and perennial bid candidate Scottish & Southern Energy rose 0.2 per cent to £14.60....
...Exillon Energy led the mid-cap risers with a 15 per cent gain to 391½p. The Siberian oil explorer increased its reserve estimate by 74 per cent....
...To play a central role in the energy system of the future, however, biofuels will need to be different from the varieties that are generally available today....
...Among small-caps, AEA Technology dropped 7.4 per cent to 4.7p after the energy and environmental consultant warned that profits would be hit by the government’s austerity drive....
...The utility has long been rumoured to be a potential target for Vattenfall, Sweden’s state-owned energy producer....
...Cairn Energy rose 2.3 per cent to 436½p after releasing promising, but largely inconclusive, interim drill results from its second well in Greenland, which confirmed gas and two types of oil but gave no...
...US crude supplies increased year over year by 4m barrels, to 14.5m barrels, according to the Department of Energy. In general, oil prices have held up better than stocks in 2010....
...Corp (SAIC)....
...In a big step for a non-Korean company in a country that has a mixed reputation over its attitude to foreign investment, Amec has formed a joint venture with Korea Electric Power Corp and Korea Gas Corp....
...The consortium that won the UAE deal, led by Korea Electric Power Corp (Kepco), will provide four reactors, generating 1,400 megawatts each, at an average cost of $5bn per unit....
International Edition