• Russian natural resources minister Yury Trutnev called Royal Dutch Shell’s £11.1bn Sakhalin-2 venture an example of the harm caused by the government’s failure to pass laws that would punish environmental breaches.
• British Energy Group, the UK’s biggest power producer, may have its debt rating cut as output from its nuclear plants falls, according to traders betting on corporate creditworthiness in the credit-default swaps market.
• Total, Europe’s third-largest oil company, bought an 8.35pc stake in a UK liquefied natural terminal, a venture of Exxon Mobil and Qatar Petroleum, to gain a share of Britain’s growing gas-import market.
• Shares of Forum Energy, an explorer operating in the Philippines, slid after the company said it hasn’t held talks with the Chinese National Oil & Gas Corporation.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/09/cxbloom09.xml
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