FT Energy News 25 November

Poor practices blamed for Australia oil spill (Page 9)

The report into the 2009 Montara oil spill off Australia’s northern coast could have been prevented has the operator observed “sensible oilfield practices”.

United Utilities cautions on regulation (Page 22)

There is no need to overhaul the regulation of water companies because consumers and investors alike do well out of the current system, according to Phillip Green, the outgoing chief executive of United Utilities.

Quito takes over Petrobras fields (Page 24)

Ecuador began the takeover of Petrobras’s oil fields on Wednesday after the Brazilian national oil company refused to bow to the president’s push for increased state control of the oil sector producing 475,000 barrels a day. Ecuador has hailed the negotiations as a victory after most foreign companies agreed to relinquish profit-sharing agreements in an exchange for a flat fee for oil production.

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