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Posts from ‘March, 2006’ Boxer Corrects Oil Industry's Inaccurate Statements for the Record

By: Boxer office Published: Mar 31, 2006 at 07:54 U.S. Senator Barbara Boxer (D-CA) today sent a letter to the National Petrochemical and Refiners Association correcting inaccuracies in the document they submitted to the Environment and Public Works Committee regarding the oil industry's use of MTBE. Following is the text of Senator Boxer's letter to […]

Forbes/AFX News Limited: Nigerian troops clash with militants in restive oil region

03.31.2006 LAGOS (AFX) – Nigerian troops engaged separatist militants in a fierce gun duel in the swamps of the Niger Delta, leaving some fighters dead, an army spokesman said. 'Our men were attacked during a patrol operation in the area. We fought back and some of the aggressors were killed. The army recorded no casualties,' […]

MarketWatch: India government says 72 cos attend Houston oil, gas block roadshow

Last Update: 11:43 AM ET Mar 31, 2006 NEW DELHI (MarketWatch) — As many as 72 international companies, including global energy majors – ExxonMobil Corp. (XOM), Chevron Corp. and Royal Dutch Shell PLC participated in a roadshow at Houston showcasing India's latest oil and natural gas exploration blocks, the Indian government said in a statement […]

Xinhua, China: CNOOC-Shell petrochemical project goes into production 2006-03-31 20:30:39 HUIZHOU, Guangdong, March 31 (Xinhua) — China National Offshore Oil Corporation (CNOOC) announced on Friday that its huge petrochemical project, a joint venture with Royal Dutch Shell, off the South China Sea has begun formal production. Located in Huizhou city of souch China's Guangdong Province, the project is one of the largest […]

Seattle Post Intelligencer: Wash. Website owner wins free speech case

By DONNA GORDON BLANKINSHIP ASSOCIATED PRESS WRITER SEATTLE — The state Supreme Court ruled Thursday a trial judge overreached his authority when he restricted a man from posting information on a Web site. Paul Trummel was jailed for more than three months in 2002 in his free-speech standoff with the judge over the Web site […]

Itar-Tass: Russian shipbuilders receive order for Sakhalin shelf work vessels

RUSSIA 31.03.2006, 10.09 YUZHNO-SAKHALINSK, March 31 (Itar-Tass) — Russian shipbuilders have received an order for the first time to build vessels for work on the Sakhalin shelf. Two moorage boats will be built at the Zvezda plant in the Primorsky Territory and two reinforced icebreaking port tugboats at the Admiralteiskiye Verfi shipyard in St. Petersburg, […]

AP Worldstream: Dutch economics minister to visit Libya for oil and gas talks

Mar 30, 2006 Economics Minister Laurens Jan Brinkhorst will go to Libya next week to negotiate gas and oil agreements, in the first high-level visit by a Dutch official since Colonel Moammar Gadhafi took power in 1969, the ministry said Thursday. During the April 5-6 trip, Brinkhorst hopes to “intensify business and political relations with […]

Business News Americas: Shell to decide BS-4 fate by year-end – Brazil

( – Anglo-Dutch oil company Shell (NYSE: RDS-B) will have to decide this year whether to announce commercial feasibility or hand back to Brazilian authorities the BS-4 offshore block in the Santos basin where it is operator, the company's Brazilian operations E&P VP John Haney told reporters during the Latin Upstream seminar in Rio de […]

AP Worldstream: Crude futures fall below US$67 a barrel on slight profit-taking

Mar 31, 2006 Crude oil prices retreated Friday as traders took profits following continuous gains over the last three sessions due to strong demand for fuel and falling U.S. gasoline inventories. Light, sweet crude for May delivery fell 27 cents to US$66.88 a barrel in Asian electronic trading on the New York Mercantile Exchange midmorning […]

AP Worldstream: Venezuela takes on Exxon Mobil as it squeezes oil industry

NATALIE OBIKO PEARSON Mar 31, 2006 Venezuela had a blunt message this week for Exxon Mobil Corp., one of the world's most powerful oil companies: get off my crude-rich turf. Venezuela is tightening its squeeze on the oil industry, telling oil companies to give the state a greater share of profits – or get out. […]

AFX Europe (Focus): Australia's Woodside resolves dispute with Mauritanian govt

Mar 31, 2006 SYDNEY (AFX) – Woodside Petroleum Ltd said it has resolved a dispute with the Mauritanian government over amendments to four offshore production contracts operated by the company's wholly-owned subsidiary Woodside Mauritania Pty Ltd. The company, 34 pct owned by the Royal Dutch Shell group, said an agreement in principle to settle the […]

Financial Times: Nokia raises outlook for global sales

By Päivi Munter in Stockholm and Mark Odell in London Published: March 31 2006 03:00 | Last updated: March 31 2006 03:00 Nokia yesterday significantly raised its outlook for the global mobile market, saying it would grow by 15 per cent or more this year, which would mean shipments of about 914m handsets. The Finnish […]

Inner City Press: Iraq's Oil to be Metered by Shell, While Basrah Project Remains Less than Clear

BYLINE: Matthew Russell Lee, Inner City Press U.N. Correspondent UNITED NATIONS, March 30 — From Iraq's Mission to the UN, there's finally an answer to the months-old oil metering mystery. Shell has been given the contract, and it will take from one to two years to implement. How the accountability of oil flows and sales […]

THE NEW YORK TIMES: Price of Oil Trades Near $67 Per Barrel

By THE ASSOCIATED PRESS Published: March 30, 2006 Filed at 2:06 p.m. ET WASHINGTON (AP) — The price of oil traded near $67 a barrel Thursday amid persistent supply disruptions in the Gulf of Mexico and Nigeria, a U.N. standoff with Iran over its nuclear program and growing demand in the U.S. despite rising energy […]

Financial Times: All-round gain offered

By Ross Tieman Compliance with legislation, regulations, directives and codes has never been more challenging. Though business conduct has always been constrained by law, today the volume of legislation and rules, and the pace of change, have increased so much that meeting the requirements has turned compliance into a corporate discipline in its own right. […]

Financial Times: Penalties: FSA flexes its muscles with tougher action

By Phil Manchester The Financial Services Authority, the UK regulator, is flexing its muscles. Since 2001, when it assumed new powers under the Financial Services and Markets Act 2000, the FSA’s Enforcement Division has handed out increasingly high penalties. In 2001-02, its first full year of operation under the new regulations, the FSA imposed fines […]

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