Posts on ‘February 15th, 2006’

15 Feb 2006 19:10:11 GMT Source: Reuters By Segun Owen WARRI, Nigeria, Feb 15 (Reuters) – The Nigerian military launched a helicopter gunship attack on targets in the oil-producing Delta state on Wednesday, and militants threatened to shoot down aircraft unless military flights stopped. The attack was the first major military operation in the Niger [...]

Masaya Tomizuka Yomiuri Shimbun Correspondent Preparations have begun for energy resource development projects on and offshore of Sakhalin Island, Russia, by Royal Dutch/Shell Group, Mitsui & Co. and Mitsubishi Corp., but the project has already been hit by delays and increased costs. Natural gas reserves in the region are estimated to be equivalent to about [...]

Wednesday, February 15, 2006 5:29:16 AM ET Dow Jones Newswires 0908 GMT [Dow Jones]-Buy into Total (TOT) weakness after 4Q, says Kepler Equities Strategist Edmund Shing. “While the Oil & Gas sector is following its US counterpart down today on weaker crude prices, look to Total's superb 120% reserve replacement ratio.” Sees probable and proved [...]

All Associated Press News PARIS (AP) – Hurricanes and high raw material costs drove Total SA's fourth-quarter net profit down 37 percent, the company said Wednesday, but surging oil prices still lifted it to a record euro12.27 billion (US$14.63 billion) profit for the full year. The world's fourth-largest oil company also reported a strong increase [...]

AFX News Limited 02.15.2006 LONDON (AFX) – Talisman Energy Inc said it has entered into exclusive talks with Royal Dutch Shell PLC and Exxon Mobil Corp to buy their interests in the North Sea fields of Fulmar and Auk. The parties have agreed not to disclose a purchase price, Talisman said. Shell and ExxonMobil hold [...]

SHELL’S campaign to locate a controversial gas terminal at Bellanaboy in North Mayo took another twist at the weekend when it emerged that Western People journalist and columnist, Mr Christy Loftus, is to take up a position with the company. Mr Loftus, a former President of the National Union of Journalists and a former Chairman [...]

Prospect for $2 gas returns as oil prices drop By BRAD FOSS THE ASSOCIATED PRESS NEW YORK – Oil futures fell Monday and analysts said retail gasoline prices could soon dip below $2 a gallon in some parts of the country. But traders said any relief would likely be short-lived. They warned of an upturn [...]

THE Nigerian Army has said it will not relent in its efforts to restore peace and order in the Niger Delta region of the country as a sign of honour to its men who have sacrificed their lives in the cause to ensure a peaceful Niger Delta. This assurance was given by the Commander of [...]

End staffing minimal but jobs pay well By Mona Ridder CUMBERLAND TIMES-NEWS (CUMBERLAND, Md.) CUMBERLAND, Md. — Considerable potential for positive economic impact from wind electric generation exists in the region as evidenced in the neighboring state of Pennsylvania. Wind farm construction employs large numbers of people for short periods while the end staffing is [...]

By Simon Webb LONDON (Reuters) – Higher taxes have made operating in the North Sea oil and gas sector tougher for producers but boom times continue, officials and company executives said on Tuesday. Chancellor Gordon Brown took a bigger slice of record oil company revenues when he hiked taxes on profits by 10 percent in [...]

Extraction of oil, gas, and brines can trigger earth movements. The epicenter of the 5.2 earthquake on Feb. 10 coincides with Shell Oil's Brutus field. Could the Gulf Coast be priming for an Aceh-like tsunami? by Paul Noel Pure Energy Systems News Copyright © 2006 It would appear that Shell Oil company may have triggered [...]

By RENYA PENG February 15, 2006; Page B12 BEIJING, China — China National Offshore Oil Corp. beat four rivals, including multinational heavyweights BP PLC and Royal Dutch Shell PLC, to acquire a stake in a chain of gasoline stations in Shanghai. Cnooc, the state-owned parent company of Hong Kong-listed Cnooc Ltd., bought a stake of [...]

Feb 15, 2006 SYDNEY (AFX) – Woodside Petroleum Ltd chief executive Don Voelte said demand for liquefied natural gas (LNG) is strong with customers lining up to buy gas from projects the company is planning to develop. Voelte told a briefing after the group reported a jump in underlying profit for 2005 to a higher-than-expected [...]

Feb 15, 2006 SYDNEY (AFX) – Australia's largest oil and gas company, Woodside Petroleum Ltd, said its net profit for the 2005 year fell marginally to 1.107 bln aud from 1.146 bln in 2004, when earnings were inflated by assets sales. But before one-off items Woodside, which is 34-pct owned by Royal Dutch Shell, reported [...]

Van der Veer expects oil major to be tackling 10 mammoth developments by 2015, writes Martyn Wingrove Feb 15, 2006 ROYAL Dutch Shell expects its higher capital investments this year to push through new elephant sized energy projects and to find the next generation of developments. The Anglo-Dutch oil major has increased spending to $19bn, [...]