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Posts on ‘February 10th, 2006’

Petroleum News: Chavez threatens to sell U.S. refineries

Analysts say loss of sales would hurt Venezuela, which exports about half of its oil to the U.S., most refined by Citgo Natalie Obiko Pearson AP Business Writer Venezuelan President Hugo Chavez has stepped up threats to sell off his nation’s oil refineries in the United States, but some oil experts argue a quick break [...]

Petroleum News: Weather clouds some Canadian regions

Mild winter in Western Canada, with early thaw, restricts access to northern Alberta well sites; drilling still at record levels Gary Park For Petroleum News Capital budgets up, land sales up, operator ranks up, drilling predictions up — all the ingredients for another scorching year in Canada’s upstream, except for another mild winter in Western [...]

Petroleum News: Mackenzie: One week down, one year to go

Kyoto’s role, using Arctic gas in oil sands and access to pipeline by independent explorers all get aired at Mackenzie gas line hearings Gary Park For Petroleum News It took less than a week for some of the anticipated stickier issues to formally surface in the Mackenzie Gas Project regulatory hearings. In the first round [...]

THE NEW YORK TIMES: Sempra Builds 1st LNG Terminal in Mexico

By THE ASSOCIATED PRESS Published: February 10, 2006 Filed at 2:40 p.m. ET ENSENADA, Mexico (AP) — In late 2003, Sempra Energy's bid to build the first liquefied natural gas terminal in western North America was in deep trouble. Plans to import gas from Bolivia sparked a popular uprising that killed dozens of people and [...]

THE NEW YORK TIMES: For U.S., Dependence on LNG Carries Risks

By THE ASSOCIATED PRESS Published: February 10, 2006 Filed at 4:24 p.m. ET WASHINGTON (AP) — The United States is increasingly going overseas to meet its natural gas needs, setting in motion a significant shift with a familiar, if unpleasant, side effect for the world's largest energy consumer. As America becomes a bigger player in [...]

THE NEW YORK TIMES: U.S. Should Share Oil Royalties with States – Shell

By REUTERS Published: February 10, 2006 Filed at 5:07 p.m. ET WASHINGTON (Reuters) – The U.S. government should share more of the royalties it collects from energy companies for offshore oil and natural gas drilling with the states, particularly to help rebuild hurricane-ravaged Louisiana, a top Shell Oil executive said on Friday. Gulf Coast states [...]

Oil & Gas Journal: Shell CEO says technology needed to meet fuel demand

Sam Fletcher Senior Writer HOUSTON, Feb. 10 — The oil and gas industry must apply new technologies on unprecedented scale and pace to meet the world's expanding demand for fossil fuels, said Jeroen van der Veer, chief executive of Royal Dutch Shell PLC, at the Cambridge Energy Research Associates annual energy conference in Houston. With [...]

SEATOSHELL.COM: PEOPLE AND THE ENVIRONMENT MUST COME BEFORE PROFIT!!

All indications are that Shell, Statoil and their supporters in Government are preparing for a full scale re-invasion of North Mayo. The Rossport Solidarity Camp is busy recruiting volunteers to resist the unwanted pipeline and refinery project. Legal, fundraising and awareness work continues throughout the country and abroad and spirits are high. The momentum is [...]

Investors Chronicle: The Matthew Vincent Report: Reserve replacement ratios

TRANSCRIPT OF VIDEO Introduction Hello and welcome to our weekly look at what's been happening in the markets and how it affects you and your pocket. I am Matthew Vincent, Editor of Investors Chronicle, so lets have a look at the stories in this week's edition. Everybody's talking about them – oil companies' reserve replacement [...]

The New York Times: Oil Giants Fell Behind on Fees

By EDMUND L. ANDREWS and SIMON ROMERO Published: February 10, 2006 WASHINGTON, Feb. 9 — More than three dozen energy companies fell nearly $500 million behind last year on royalty payments the federal government says they owed for oil and gas extracted from public territory, according to Interior Department documents released Thursday. While most of [...]

The New York Times: Oil Giants Fell Behind on Fees

By EDMUND L. ANDREWS and SIMON ROMERO Published: February 10, 2006 WASHINGTON, Feb. 9 — More than three dozen energy companies fell nearly $500 million behind last year on royalty payments the federal government says they owed for oil and gas extracted from public territory, according to Interior Department documents released Thursday. While most of [...]

ShellNews.net: SHELL WHISTLEBLOWER RETAINS A SENSE OF HUMOUR

UNAUTHORIZED PUBLICATION – EDITED EMAIL RECEIVED FROM DR JOHN HUONG AND PUBLISHED SOLELY AT OUR INITIATIVE. Dear Mr. Donovan’s, Good evening “The world is not running out of energy,” van der Veer said today at an energy conference in Houston sponsored by Cambridge Energy Research Associates.” I cannot understand this news. I know that he [...]

Convenience Store News: Shell, GM Spread E85 Awareness in Chicago

CHICAGO — General Motors will add 26 E85 refueling pumps to Chicago-area stations through collaborative partnerships with Shell Oil Products US and VeraSun Energy Corp. to boost the use and awareness of ethanol-based E85 fuel in the United States, reported Agriculture Online. South Dakota-based VeraSun Energy, the nation's second-largest producer of ethanol, announced the availability [...]

Aljazeera.net, Qatar: Delta rebels fear for jailed chiefs

The Ijaw have threatened more attacks on oil installations A militant Nigerian group says it believes that the government intends to assassinate two jailed leaders of the Ijaw ethnic group and said it will resume attacks on oil industry targets soon. The group kidnapped four foreign oil workers for 19 days last month during a [...]

BBC NEWS: Carbon addicts and climate debt

VIEWPOINT Andrew Simms The fossil fuel industry is a major source of tax revenue for western nations, which is a disincentive to cutting greenhouse gas emissions, says Andrew Simms in this week's Green Room. But while some of that taxation depends on the huge profits reported by companies like BP and Shell, he argues they [...]