The oil price hit a new record for the fifth consecutive trading session, coming within a whisker of $110 a barrel, as the International Energy Agency warned there was little prospect of energy costs falling far. - The Daily Telegraph
The soaring oil price did little to stimulate mergers and acquisitions activity in the oil and gas industry last year, according to the leading study of deals in the sector, to be published on Wednesday. - The Financial Times
The government's Nuclear Decommissioning Authority (NDA) has come under fire from the private sector for the allegedly slow speed with which it is handling the award of the second-biggest procurement contract ever - the £1bn-a-year Sellafield clean-up.
Amec, which, with Washington Group and Areva is part of one of the four consortiums shortlisted for the work, said it was increasingly assessing overseas opportunities because of delays. Final bids for the work must be in next month and the contract is expected by the end of the year. - The Guardian
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