By SHAI OSTER March 16, 2006 BEIJING — Chinese and foreign oil companies are racing to fill a bigger share of China's gas tanks. China's gasoline market is among the fastest-growing in the world, as millions of affluent Chinese buy new cars. But even as the amount of gasoline sold has surged, profit margins haven't. [...]
Posts on ‘March 16th, 2006’
BLOOMBERG: Shell Shuts Tern Alpha North Sea Oil Platform Because of Fire
March 16 (Bloomberg) — Royal Dutch Shell Plc shut down 16,400 barrels a day of oil production at the Tern Alpha platform in the North Sea off Scotland following a fire and requiring the evacuation of workers. The fire forced the removal of 110 out of 184 workers by helicopter from the platform to the [...]
THE NEW YORK TIMES: Nigerian Militants Separate Oil Worker Hostages
By REUTERS WARRI, Nigeria (Reuters) – Nigerian militants said on Wednesday they had separated three foreign oil workers in their captivity for strategic reasons, but did not intend to kill them. The Movement for the Emancipation of the Niger Delta has been holding two Americans and one Briton for almost a month since they were [...]
Irish Independent: Shell planning breach claim dismissed
THE High Court has rejected a claim that Shell breached a planning condition requiring it to lodge a 20m security for the future restoration of the Corrib gas terminal site. Mr Justice Thomas Smyth also yesterday dismissed a further claim by environmental activist Peter Sweetman that Shell had breached another planning condition by storing peat [...]
AP Worldstream: Venezuela warns Total: pay taxes this week or offices could be shut
Mar 16, 2006 Venezuela's tax authority warned the French oil firm Total SA that it could have its administrative offices shut as soon as Friday if it fails to pay a US$107 million (A89 million) tax bill. Total is one of 22 oil firms that the tax agency has accused of misreading the nation's tax [...]
AFX Europe (Focus): Shell oil platform blaze in North Sea, helicopters rescue workers
Mar 16, 2006 LONDON (AFX) – Scores of workers on an oil platform in the North Sea off Scotland were being air-lifted to safety early this morning after fire broke out, the coastguard said. Some 135 of the 184 workers on the Tern Alpha platform, owned by the Anglo-Dutch energy giant Shell, were being rescued, [...]
Financial Times: Japan curbs Iran oil imports over nuclear concerns
By Carola Hoyos in London and Agencies in Tokyo Published: March 15 2006 18:49 | Last updated: March 15 2006 18:49 Japan, Iran’s biggest oil customer, on Wednesday became the first country to reduce its imports of Iranian oil because of Tehran’s nuclear dispute with the west. Nippon Oil, Japan’s largest refiner, will cut its [...]
Financial Times: The outsider at the controls
By Tom Kirchmaier and Geoffrey Owen Published: March 16 2006 02:00 | Last updated: March 16 2006 02:00 Chairmen of large British public companies are often invisible to the outside world as long as things are going well. The chief executive has a higher profile, and usually takesthe lead in dealing with the media and [...]
Western People (Ireland): Carey joins Shell’s ‘dream team’
THE recently retired Mayo Garda Chief Supt John Carey is the latest in a series of high profile people to be appointed by Shell E&P Ireland (SEPIL)in a bid to “regain the trust” of the local people. On Friday, March 10 last SEPIL announced that it had appointed Bangor Erris native, Mr Carey, on a [...]
Moscow Times: EBRD Should Not Fund Sakhalin-2, Activists Say
Thursday, March 16, 2006. Issue 3372. Page 5. Aa Aa Aa Bloomberg Royal Dutch Shell and its partners developing a multibillion dollar oil and gas project in the Far East should be denied funding by Eastern Europe's biggest lender because it's causing ecological damage, activists said. The European Bank for Reconstruction and Development should not [...]
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