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Posts from ‘April, 2006’

The Observer: New oil shock ahead as $100 spike looms

New oil shock ahead as $100 spike looms Oliver Morgan and Heather Stewart Sunday April 30, 2006The Observer The growing international crisis over Iran's nuclear programme could trigger a catastrophic oil price spike, sending crude prices over $100 a barrel, senior Wall Street analysts are warning. With prices already at around $72 a barrel, such […]

THE NEW YORK TIMES: Experts: Natural Gas Economy Losing Steam

Experts: Natural Gas Economy Losing Steam E-Mail Print Single Page Save   By THE ASSOCIATED PRESS Published: April 30, 2006 Filed at 9:40 a.m. ET BOSTON (AP) — On the brink of the 21st century, a group of energy experts peered into the future of natural gas, and what they saw was quite rosy — […]

Petroleum News: Shell: Mars repairs ahead of schedule

Shell: Mars repairs ahead of schedule The Gulf of Mexico’s largest producing oil platform knocked off-line by Hurricane Katrina could be running again in May, just before the start of this year’s hurricane season. Shell Exploration & Production Co., a unit of Britain’s Royal Dutch Shell PLC, said April 20 repairs to its Mars platform […]

Petroleum News: Agrium to decide on coal project in July

Agrium to decide on coal project in July Company is close to finishing first phase of feasibility study that’s likely to decide the fate of huge Nikiski fertilizer plant Allen Baker For Petroleum News This coming summer will provide a crucial “litmus test” on whether Agrium Inc. and other potential investors pony up well north […]

Petroleum News: BP sells Gulf of Mexico shelf properties

BP sells Gulf of Mexico shelf properties Apache buys BP’s last producing GOM continental shelf properties; $1.3B purchase second it has made from British giant Ray Tyson For Petroleum News BP says it decided to sell the last of its producing properties on the Gulf of Mexico’s continental shelf because they no longer muster up […]

Petroleum News: Alberta aboriginals and Shell team up

Alberta aboriginals and Shell team up Gary Park For Petroleum News From a whirlwind of events in the Alberta oil sands there was a ground-breaking deal between Shell Canada and a northern Alberta aboriginal community to jointly develop leases. The pact significantly advances plans by the Fort McKay First Nation to enter the commercial oil […]

Petroleum News: All for one, one for all

All for one, one for all Mackenzie explorers want gathering and main pipelines under one regulator Gary Park For Petroleum News The pace of future natural gas development in the Mackenzie Delta-Beaufort Sea region may hang on whether Canada’s National Energy Board agrees in June to assume jurisdiction of both the gathering system and main […]

Petroleum News: Setting the stage for Arctic offshore oil, gas exploration

Setting the stage for Arctic offshore oil, gas exploration Alan Bailey Petroleum News With oil prices at record levels and companies champing at the bit to find more oil reserves, plans to shoot seismic offshore Alaska’s Arctic are picking up speed. Shell, ConocoPhillips and Houston-based GX Technology Corp. all plan to shoot seismic this summer […]

The Sunday Telegraph:'Nonsense, nonsense, nonsense: the myths about high oil prices

Nonsense, nonsense, nonsense: the myths about high oil pricesBy Niall Ferguson(Filed: 30/04/2006) The British call it petrol, Americans prefer gasoline. But whatever you call it, prices at the pump are soaring. Last week gas hit $3 a gallon in some parts of the United States. To which British motorists can only reply: Diddums. Driving down […]

The Sunday Telegraph: 'We've got 2 trillion barrels of the stuff left'

'We've got 2 trillion barrels of the stuff left'(Filed: 30/04/2006) Sylvia Pfeifer finds that the doomsayers who have been predicting that we'll soon be running out of oil are far too pessimistic When Jeroen van der Veer, the chief executive of Royal Dutch Shell, unveils a strategy update this Thursday, investors will want to know […]

The Sunday Times: Shell’s pipes ‘rusting away’

The Sunday Times April 30, 2006 Shell’s pipes ‘rusting away’ Aine Ryan AS if Shell did not have enough problems already with the Corrib gas field, it has now emerged that the pipes it plans to use to pump gas ashore in north Mayo are rusting away in Killybegs. Work on the €900m Corrib gas […]

The Independent: Shell gas field protesters threaten to turn Ireland into a new Nigeria

The Independent: Shell gas field protesters threaten to turn Ireland into a new Nigeria 'Rossport Five' warn that more local people are ready to go to jail over plans to pipe raw gas across their land   By Tim Webb Published: 30 April 2006   The Rossport Five, who went to jail last year for […]

Houston Chronicle: Ethanol switch cited for outages at some Houston-area gas stations

Ethanol switch cited for outages at some Houston-area gas stations By PURVA PATELCopyright 2006 Houston Chronicle Scores of gas stations in Houston were out of at least one grade of gasoline today as the conversion to ethanol-blended gasoline presented logistical problems, fuel suppliers and station owners said. Experts say the problem is not a general […]

IrelandOn-Line: Shell refinery blamed for 'aluminium water pollution'

Shell refinery blamed for 'aluminium water pollution'28/04/2006 – 15:58:31 The local water supply in North Mayo is being polluted by aluminium run-offs from a Shell gas refinery, it was claimed today. Around 100,000 tonnes of peat had been removed to create a site for the Corrib gas field in Bellanaboy and activists claimed it has […]

THE WALL STREET JOURNAL: 'Wake-Up Call': Gas-Price Uproar Is Likely To Shift U.S. Energy Policy

'Wake-Up Call'Gas-Price Uproar Is LikelyTo Shift U.S. Energy Policy Anxious Congress WeighsTougher Fuel Standards,Ethanol and Hybrid Cars Little Short-Term Impact Seen By JOHN J. FIALKA and LAURA MECKLER in Washington, and STEVE LEVINE in Dallas Staff Reporters of THE WALL STREET JOURNALApril 29, 2006; Page A1 The surging price of oil and gasoline has sparked a wave […]

The Guardian: From traders to tankers: who makes a mint out of $70-barrel oil

From traders to tankers: who makes a mint out of $70-barrel oil This week petrol prices broke new records in Britain and the US, creating political fallout for President Bush and pushing UK fuel towards £1 a litre. But who is getting rich? We offer a dollar-by-dollar guide to a $2.4trillion global oil industry Saturday […]

THE NEW YORK TIMES: Many Friends Help Open New Orleans Fest

Many Friends Help Open New Orleans Fest E-Mail Print Reprints Save   By JON PARELES Published: April 29, 2006 NEW ORLEANS, April 28 — Of course Bob Dylan had the appropriate songs when he headlined the first day of the 37th New Orleans Jazz and Heritage Festival, a celebration of New Orleans culture where Hurricane […]

MarketWatch: Petrobras completes purchase of Shell Colombia assets

MarketWatch: Petrobras completes purchase of Shell Colombia assets   Apr 28, 2006   RIO DE JANEIRO (MarketWatch) — Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Friday said it has completed the acquisition of Royal Dutch Shell PLC's (RDSB.LN) fuel and distribution businesses in Colombia.   Petrobras is buying 39 gasoline stations and […]

BREITBART.COM: Shell unveils plans for 'biggest refinery in US'

Shell unveils plans for 'biggest refinery in US'Apr 28 11:03 AM US/Eastern   Anglo-Dutch oil group Royal Dutch Shell has announced plans to make its jointly owned Motiva refinery in Port Arthur, Texas, the biggest in the United States. Shell founded the Motiva refiniery in 1998 with Saudi Refining and is considering increasing the output […]

Forbes/AFX News Limited: Shell jnv Motiva plans US refinery expansion

Forbes/AFX News Limited: Shell jnv Motiva plans US refinery expansion   04.28.2006   LONDON (AFX) – Motiva Enterprises LLC, jointly owned by Royal Dutch Shell PLC and Saudi Refining Inc, said it plans to increase its oil refining capacity at Port Arthur in Texas by 325,000 barrels per day.   The additional capacity will be […]

Unison.ie, Ireland: Corrib gas project 'has polluted Mayo drinking water'

Unison.ie, Ireland: Corrib gas project 'has polluted Mayo drinking water' 08:06 Friday April 28th 2006   Opponents of the Corrib gas pipeline are claiming that drinking water from Carrowmore Lake in Co Mayo has been heavily contaminated as a result of the project. The Shell to Sea campaign says the water has been polluted with […]

Daily Telegraph: BP and Shell join oil majors facing Senate tax check

BP and Shell join oil majors facing Senate tax checkBy David Litterick in New York  (Filed: 28/04/2006) BP and Shell are about to be dragged into the latest row over high petrol prices after a US Senate committee demanded to see tax returns from the 15 largest oil companies as part of an inquiry into […]

THE WALL STREET JOURNAL: Oil-News Roundup

Oil-News Roundup The WALL STREET JOURNAL ONLINEApril 28, 2006 12:40 a.m. Oil fell to nearly $71 a barrel Thursday on the New York Mercantile Exchange. But crude prices are still up 16% this year and analysts believe they will stay lofty, thanks to brisk global demand and seemingly endless supply worries. Here is today's well […]

The Guardian: Putin's grand plan triggers governance backlash

Putin's grand plan triggers governance backlash Investors harbour anxieties about standards of eastern bloc firms listing in London Terry Macalister and Jill TreanorFriday April 28, 2006The Guardian Vladimir Putin's ambitions for state-owned energy companies such as Gazprom and Rosneft to become global giants is triggering a backlash in western countries, including high-level complaints about the […]

THE NEW YORK TIMES: G.O.P. Senators Hurry to Quell Furor Over Gas

G.O.P. Senators Hurry to Quell Furor Over Gas E-Mail Print Single Page Reprints Save By CARL HULSE Published: April 28, 2006 WASHINGTON, April 27 — Senate Republicans tried on Thursday to get the upper hand in the escalating political battle over high gasoline prices by proposing a $100 rebate for taxpayers and by suggesting that […]

THE NEW YORK TIMES: Feds propose $100 million hydrogen prize

Feds propose $100 million hydrogen prize E-Mail Print Save Anne Broache, for News.com WASHINGTON–Rising gas prices have sparked a new proposal in Congress that would pony up millions of taxpayer dollars to reward hydrogen energy breakthroughs. Backed primarily by Republicans, the H-Prize Act of 2006 would create three categories of prizes to be awarded over […]

THE NEW YORK TIMES: Exxon Mobil 1Q Profit Up 7 Pct. to $8.4B

Exxon Mobil 1Q Profit Up 7 Pct. to $8.4B E-Mail Print Save By THE ASSOCIATED PRESS Published: April 28, 2006 Filed at 2:19 a.m. ET DALLAS (AP) — Exxon Mobil Corp. posted the fifth-highest quarterly profit for any public company in history on Thursday, and with oil prices above $70 a barrel it could go […]

Reuters: WWF stresses oil spill dangers of Sakhalin project

WWF stresses oil spill dangers of Sakhalin project 28 Apr 2006 00:02:06 GMTSource: Reuters GENEVA, April 28 (Reuters) – The European Bank for Reconstruction and Development (EBRD) should not make loans to Shell's giant energy project off Russia's Pacific coast without more measures to protect the environment, WWF said on Friday. The conservation group said […]

Reuters: Exxon Mobil profit rises on soaring prices

3-MONTH PROFIT: $8,400,000,000.00 ($8.4 BILLION)   Thu Apr 27, 2006 8:42am ET   NEW YORK (Reuters) – Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged, driven by rising oil prices.   Net income in the first quarter was $8.4 billion, or $1.37 a share, up from $7.86 […]

Forbes/AFX News Limited: India ONGC to pay Shell 170 mln usd for 15 pct stake in Brazil oilfield – PTI

04.27.2006   NEW DELHI (AFX) – India's state-run Oil and Natural Gas Corp (ONGC) plans to pay oil giant Royal Dutch Shell about 170 mln usd for a 15 pct stake in a Brazilian oil field, the Press Trust of India (PTI) news agency reported.   'The upfront payment for acquiring a 15 pct stake […]

Money Control: ONGC joins Shell, Petrobras in Brazilian oil block

  LONDON (Reuters) – Royal Dutch Shell Plc said on Wednesday it was increasing its stake in a Brazilian oil block and, as part of the transaction, India's state-controlled ONGC Videsh Ltd would also take a stake.   Shell has exercised its pre-emption option to buy an additional 30 percent interest in the Shell operated […]

The Independent: The Big Question: Should we fear Kremlin control of Europe's energy supply?

The Independent: The Big Question: Should we fear Kremlin control of Europe's energy supply?   By Michael Harrison, Business Editor Published: 27 April 2006   What is Gazprom?   Gazprom is the world's biggest gas producer. It supplies 20 per cent of global demand and holds about 25 per cent of world gas reserves – […]

THE NEW YORK TIMES: Key Lawmakers Demand Oil Co. Tax Records

Key Lawmakers Demand Oil Co. Tax Records E-Mail Print Save By THE ASSOCIATED PRESS Published: April 27, 2006 Filed at 1:51 a.m. ET WASHINGTON (AP) — Responding to an election-year spike in gasoline prices, Senate Republicans on Wednesday drafted legislation providing $100 rebates for taxpayers as key lawmakers sought access to Big Oil's income tax […]

Financial Times: Shell uses Nigerian companies linked to rebels

Financial Times: Shell uses Nigerian companies linked to rebels   By Dino Mahtani and Daniel Balint-Kurti in Lagos Published: April 26 2006 22:09 | Last updated: April 26 2006 22:09   Royal Dutch Shell has admitted it has subcontracted work to companies run by Nigerian militant activists involved in a violent insurrection in 2003 that […]

Political Gateway: Shell rejects pleas to leave Sakhalin

Shell rejects pleas to leave Sakhalin LONDON, April 2(UPI) — Environmentalists want the Royal Dutch Shell Group PLC to abandon a potentially lucrative oil and gas exploration venture in eastern Russia. The World Wildlife Federation and similar groups are demanding the Anglo-Dutch company quit its $20 billion project in Sakhalin, the Independent reported Wednesday. Activists […]

ShellNews.net: EMAIL TO HUMAN RIGHTS WATCH REGARDING SHELL'S PERSECUTION OF DR JOHN HUONG: SENT 27 APRIL 2006

26 April 2006   Mr Steve Crawshaw London Director Human Rights Watch 2nd Floor, 2-12 Pentonville Road London N1 9HF, UK Tel: 44 20 7713 1995, Fax: 44 20 7713 1800 [email protected]     Dear Mr Crawshaw   The text in italics below is the heading and opening paragraphs of a letter I sent to […]

Ecumenical Council for Corporate Responsibility: NEWS RELEASE: ROYAL DUTCH SHELL PLC AGM

NEWS RELEASE from ECCR – the Ecumenical Council for Corporate Responsibility – www.eccr.org.uk ECCR URGES SHELL SHAREHOLDERS TO VOTE YES TO RESPONSIBLE RESOLUTION    The Ecumenical Council for Corporate Responsibility (ECCR), the faith-based organisation that has initiated a resolution for Royal Dutch Shell shareholders to consider at their AGM in The Hague and London on […]

THE WALL STREET JOURNAL:

Bush Takes Steps to Expand Oil Supplies Deposits to Strategic Reserve Are Suspended, Rules on Ethanol Changeover Relaxed By JOHN D. MCKINNON, JOHN FIALKA and JEFFREY BALLApril 26, 2006; Page A4 WASHINGTON — Under pressure to curb soaring gasoline prices, President Bush announced he would suspend deposits to the U.S. Strategic Petroleum Reserve to boost consumer supplies […]

Cybergriping.com

Portal to a variety of creative gripe websites containing invaluable information and sometimes rude commentary about famous people, companies, brands and institutions This is non-commercial website provided for information purposes only, with multiple links to gripe, sucks and complaint websites: no subscription or other charges and no advertising. So that we remain entirely independent, we […]

THE WALL STREET JOURNAL: Oil Minister Asserts Iran Won't Cut Exports Despite Nuclear Standoff

Oil Minister Asserts Iran Won't CutExports Despite Nuclear Standoff By BHUSHAN BAHREE, CARLA ANNE ROBBINS and CHIP CUMMINS Staff Reporters of THE WALL STREET JOURNALApril 26, 2006; Page A1 With Iran facing a showdown with the West over its nuclear ambitions, its top oil official said yesterday that the country would not use its oil exports as […]