Posts from ‘April, 2006’

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 [...]

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 — [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

'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 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   '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 [...]

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 [...]

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 [...]

'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 [...]