Posts on ‘March 28th, 2006’

By THE ASSOCIATED PRESS Published: March 28, 2006 Filed at 5:06 p.m. ET NEW ORLEANS (AP) — Most of Big Oil has returned to New Orleans since Hurricane Katrina, Mardi Gras got the city back in the tourism business and the skilled construction trades can't get enough workers. The city's population — 455,000 before Katrina [...]

Mar 28, 2006 CORPUS CHRISTI, Texas (MarketWatch) — U.S. states bordering the Gulf of Mexico should receive a larger share of oil and gas royalties collected from the federal offshore areas, Royal Dutch Shell PLC's (RDSB.LN) top U.S. executive said Tuesday. “We believe Congress should enact comprehensive (Offshore Continental Shelf) budget sharing legislation to appropriately [...]

March 28 (Bloomberg) — Hugh Laddie, the first London High Court judge to resign in 35 years, said he often ruled on tax or insolvency cases that he wasn't trained to hear because of the way the English legal system works. “It is neither efficient nor fair on litigants to run a system in which [...]

RBC, 28.03.2006, Yuzhno-Sakhalinsk. At a meeting in Yuzhno-Sakhalinsk on April 5, 2006, the Sakhalin-2 Supervisory Board plans to consider the increase in investment in the project from $11.5bn to $20bn, the Sakhalin regional administration reported. This meeting is also intended to approve the project's estimated expenditure for 2006 and discuss liquefied natural gas sales contracts, [...]

Gazprom and Royal Dutch Shell are looking at working together to produce synthetic liquid fuel (SLF, by gas-to-liquid (GTL) technology). Shell, Gazprom and VNIIGAZ are carrying out joint studies on the possibility of developing the GTL business in Russia, Maxim Shub, a spokesman for Shell in Russia, told Interfax. �Talks are at a very early [...]

March 28, 2006, 1:55AM By LYNN J. COOK and KATHERINE HOURELD Copyright 2006 Houston Chronicle THREE oil-field workers, including a Houston-area man, who were held for 38 days by a rebel group in Nigeria were freed early Monday, just in time for President Olusegun Obasanjo's meeting in Washington this week with President Bush. An American [...]

China Energy Titan Looks to Africa, Asia To Help Boost Output By ARIES POON March 27, 2006 HONG KONG — Cnooc Ltd., China's largest offshore oil producer by output, posted a 57% rise in 2005 net profit on soaring oil prices and increased production and said it will continue pursuing expansion overseas to help boost [...]

New Reserves Total Leads Push in Canada To Process Tar-Like Sand; Toxic Lakes and More CO2 Digging It Up, Steaming It Out By RUSSELL GOLD March 27, 2006; Page A1 FORT MCMURRAY, Alberta — In February, engineers from French oil giant Total SA fired up colossal drum boilers to generate steam that will be pumped [...]

(Filed: 27/03/2006) Jeroen van der Veer, Chief Executive Officier, Royal Dutch Shell Plc Family: married to Mariette, he has three daughters. Likes: golf (handicap is 16), skating the 200km Elfstedentocht ice marathon 1947: Born in Utrecht, the Netherlands. Two degrees: from Delft university (mechanical engineering) and Rotterdam university (economics) 1971: Joined Shell, working in the [...]

March 28, 2006 By CLIFFORD KRAUSS FORT McMURRAY, Alberta � Canada's wild west is going corporate. In the last big energy boom in this province, during the 1970's, the card room at the Calgary Petroleum Club was so full of Texas oilmen that seats at the poker table were rarely freed up until well into [...]

Published: March 28, 2006 A public already groaning under huge deficits does not need more red ink. An oil industry already rolling in record profits does not need more tax breaks. But both are sure to happen unless some way can be found to claw back from a decade's worth of Congressional and administrative blunders, [...]

Mar 28, 2006 Crude oil futures rose on Tuesday in early Asian trading amid strong demand and nagging worries about supply from Iran and Nigeria. Light, sweet crude for May delivery gained 9 cents to US$64.25 a barrel on the New York Mercantile Exchange. The contract on Monday fell 10 cents to settle at US$64.16 [...]

Tue Mar 28, 2006 8:39 AM GMT By Neil Chatterjee SINGAPORE (Reuters) – Oil prices steadied on Tuesday, weighed down by swollen U.S. crude stockpiles but held above $64 on threats of further attacks on facilities in Nigeria. U.S. light crude for May delivery traded six cents down at $64.10 a barrel by 0320 GMT, [...]

XAN RICE NAIROBI Mar 28, 2006 Militants in the Niger delta released three kidnapped foreign oil workers yesterday – including a British security expert, John Hudspith – but gave warning of more attacks on multinational oil companies. Mr Hudspith and two Americans, Cody Oswald and Russell Spell, were handed over to government officials in Warri, [...]