Posts on ‘March 7th, 2006’

By OSMOND CHIDI Associated Press Writer The Associated Press WARRI, Nigeria Militants released six foreign oil workers, including a diabetic Texan celebrating his 69th birthday Wednesday, taken captive last month to press fighters' demands for a greater share of oil revenues generated in this restive southern state. But three other hostages – two Americans and [...]

Chris Noon London – Chasing the dragon? After splurging a record $800 million in 2004 and $500 million last year, Jeroen van der Veer's oil major Shell Group (nyse: RD – news – people ) said it hopes to invest another half a billion dollars in China in 2006 as it consolidates existing businesses in [...]

OSLO (AFX) – Statoil ASA said it and Shell will launch plans for a joint industrial project tomorrow morning. Statoil would not go into details on the project, but a spokesperson said that at the current stage the project would not involve any investment as the plans were still not definitive. He also described the [...]

REUTERS TUESDAY, MARCH 07, 2006 MUMBAI: GAIL is in talks with Royal Dutch Shell Plc to hire Shell's Indian liquified natural gas (LNG) terminal for four years, an official from the firm said. GAIL wants to use the entire 2.5-mn-tonne capacity of the merchant LNG terminal in Hazira in the western state of Gujarat starting [...]

ISN SECURITY WATCH (Tuesday, 7 March: 12.08 CET) – Royal Dutch Shell oil company said it was still assessing the damage after militants in the Niger Delta attacked an oil pipeline, news agencies reported. The attack, which took place on Saturday, did not affect output, as a series of recent attacks had already shut down [...]

By SHAI OSTER March 7, 2006 5:57 a.m. BEIJING—Royal Dutch Shell PLC wants to ramp up its investments in China in its race to snatch a bigger share of the country's enormous energy market. Shell, the world's third-biggest oil company by market value, behind Exxon Mobil Corp. and BP PLC, is looking at a wide [...]

Pipeline needs federal help: oil executive: Talks being held: Mackenzie project economically 'thin,' says Imperial V-P Mar 07, 2006 CALGARY – The $7-billion Mackenzie Gas Project will not move ahead without federal government help to improve its “slim” economics,” a top Imperial Oil Ltd. executive said yesterday. Senior vice-president Randy Broiles said project proponents and [...]

Mar 07, 2006 BEIJING (AFX) – Shell China Holdings said it will acquire Koch Materials China (Hong Kong) in a deal that will more than double its bitumen business in the country. In a press release, Lim Haw Kuang, executive chairman for Shell Companies in China, said that the purchase of the local bitumen maker [...]

Mar 07, 2006 BEIJING (AFX) – Oil major Shell Group said it hopes to invest half a billion usd in China this year as it further develops existing businesses in the country. “We've got a range of projects underway,” a spokesman for the Shell Companies in China told XFN-Asia, estimating their combined investment for 2006 [...]

Abigail L. Ho Mar 07, 2006 LIKE THE COUNTRYS TWO BIGGEST oil firms, Chevron Philippines Inc. (formerly Caltex Philippines Inc.) is not keen on selling pre-blended coco-biodiesel directly from its pumps. In a position paper submitted to the House of Representatives in late December last year, the company expressed its regret that it can not [...]

Shell Selects Netifice to Securely Connect Retail Sites and Provide Managed IP Services; Service Powers Shell's 'CoolBand' Network Which Enables Retailers to Be More Productive and Better Serve Their Customers Mar 06, 2006 Netifice Communications, Inc., a leading provider of flexible IP Virtual Private Network (VPN) solutions and other managed IP services to businesses worldwide, [...]

Mar 07, 2006 EXPLORATION drilling is returning to the UK Atlantic Margin area this month after a year's absence, with several wells planned to probe for new resources, writes Martyn Wingrove. Apart from an appraisal well on BP's Clair field there have been no wildcat wells since 2004 to find new oil and gas resources, [...]

Mar 07, 2006 THE Garda operation to protect the Shell pipeline at Rossport in Co Mayo has cost close to 1m already. Justice Minister Michael McDowell has revealed that up until December 31, the cost was 932,964. He told Kerry Sinn Fein TD Martin Ferris in a written Dail reply he had been informed by [...]

Tue Mar 7, 2006 8:32 AM GMT LAGOS (Reuters) – U.S. energy giant Chevron has pulled out of a $5 billion liquefied natural gas project in Nigeria because the government wants to use its gas for a competing project, oil industry officials said on Monday. Chevron, ConocoPhillips and ENI each have a 17 percent interest [...]