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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 […]