Posts on ‘March 6th, 2006’

US courts to remain venue of choice for investor litigation against UK corporations By Werner Kranenburg (Werner Kranenburg is a trustee of Working with Words, a charity for people with learning disabilities, and is reading law at London Metropolitan University.) The UK’s Company Law Reform Bill has recently been the topic of debate among corporate [...]

Every day more news arrives from Nigeria of further threats and violence directed at oil companies and their employees. Hostage taking, threats, sabotage and kidnapping are unfortunately becoming routine. The poor have been exploited for decades by a succession of corrupt regimes in collaboration with greedy, unscrupulous oil companies. The local populations have been forced [...]

LAGOS (AFX) – One of the energy giant Royal Dutch Shell's major oil pipelines has been badly damaged in the swamps of the Niger Delta, the firm said, in what is apparently the latest in a series of militant attacks. A Shell spokesman said that two manifolds on a pipeline crossing the Ramos river near [...]

March 6 (Bloomberg) — An oil pipeline run by Royal Dutch Shell Plc's venture in Nigeria was damaged in two attacks on March 3 that didn't affect output because production from the area has already been shut down, the company said. Two manifolds on a pipeline run by the Shell Petroleum Development Co. (SPDC) venture [...]

In Brief Saudi moves to add capacity RIYADH: Saudi Arabia will decide soon whether to proceed with plans to raise capacity at its oilfields beyond the 2009 target of 12.5 million barrels per day (bpd), a Saudi oil adviser said. The kingdom is on track to add 2.3 million bpd by August 2009, around 800,000 [...]

Published: Monday, 6 March, 2006, 09:50 AM Doha Time Dubai: The United Arab Emirates, holder of the world’s fourth-largest natural gas reserves, plans to hire international energy companies to develop Abu Dhabi’s high-sulphur gas fields that were previously too expensive to harvest, an official said. “We are talking to several international oil companies about producing [...]

By BRAD FOSS The Associated Press MATT HOUSTON / AP, 2003 Pipelines run from the offshore docking station to tanks at the Dominion Liquefied Natural Gas facility in Cove Point, Md. As North American supplies dwindle, the energy industry is investing billions to ship the fuel across oceans as liquefied natural gas, or LNG. WASHINGTON [...]

Monday, March 06, 2006 The Associated Press RIO DE JANEIRO, Brazil — A handyman has been convicted and sentenced to 25 years in prison for killing an American couple bludgeoned to death in bed, authorities said Sunday. Jossiel Conceicao dos Santos, 22, was convicted on Friday of killing a Shell oil executive and his wife [...]

Monday March 6, 2006, 9:05 am DJ NZ PRESS: Shell, Todd Energy Dismiss New Maui Well Talk WELLINGTON (Dow Jones)–The New Zealand unit of Royal Dutch Shell Plc (RDSA) and privately owned Todd Energy are dismissing speculation they may get 20 years of gas from further drilling of the Maui oil and gas field, the [...]

06/03/2006 – 07:37:01 Armed militants in Nigeria vowed yesterday to cut daily oil exports from this West African nation’s troubled delta region by another one million barrels by the end of March, as OPEC nations prepared for a strategy meeting in Vienna this week. A wave of militant assaults on pipelines and oil facilities has [...]

Monday, March 06, 2006 LONDON, March 6 (IranMania) – Shell and Total are receiving higher rate of capital return on LNG deal from SP phases 11 and 13 nowadays, thanks to steep growth of oil and gas prices worldwide. Nevertheless, the initial contract signed with National Iranian Oil Company (NIOC) had stipulated revaluation of the [...]

A 22-year-old handyman has been convicted and sentenced to 25 years in prison for the 2003 killing of an American couple, authorities said Sunday. Jossiel Conceicao dos Santos was found guilty of killing Shell oil executive Todd Staheli, 39, and his wife Michelle, 36, in a ruling late Friday night, said Luis Carlos Puglialli, a [...]

By Thomas Catan in London A novel way to create an ultra-clean fuel for cars that uses natural gas instead of oil is on the verge of rapid growth, analysts say, driven by soaring oil prices and a thirst for alternative fuels. Oil companies are investing billions of dollars in the nascent technology, called “gas-to- [...]

By Thomas Catan Published: March 6 2006 02:00 | Last updated: March 6 2006 02:00 Audi will field a new car at the 12-hour American Le Mans race in a fortnight, a machine that in tests has already broken track records. Its secret: the R10 will run on a special fuel with asynthetic diesel component [...]

March 6 (Bloomberg) — Oil and gas explorers are tackling more difficult projects to meet surging global demand for energy, said Gaurdie Banister, an exploration executive at Royal Dutch Shell Plc, Europe's No. 2 oil company. World energy demand may increase as much as 60 percent by 2030, requiring an investment of $16 trillion in [...]