Posts on ‘May 9th, 2006’

Halliburton lands four key Shell deals HOUSTON, May 9 (UPI) — Houston's Halliburton Corp. won four contracts worth about $100 million with units of Royal Dutch Shell PLC. The deals with European units of Shell Exploration and Production companies in Britain, the Netherlands, Norway and Ireland include the supply of “completion products” and associated services [...]

Shell misses target for cutting oil spills09/05/2006 – 15:53:15 Royal Dutch Shell today blamed attacks by militants on pipelines in Nigeria and hurricanes in the United States for missing its goal of reducing oil spills in 2005. Around 340 tonnes of oil flooded land in Nigeria during December after a key pipeline was blown up [...]

Shell says oil spills up 50 pct in 2005   Tue May 9, 2006 4:16 PM BST   LONDON (Reuters) – Royal Dutch Shell Plc said on Tuesday oil spills at its facilities rose 50 percent in 2005 due to hurricane damage in the Gulf of Mexico and sabotage in Nigeria.   Shell missed its [...]

Soaring energy prices fuel takeovers Nationalization of Bolivian natural gas is part of a broader global wave souring investment climate for international companies Brad Foss Associated Press Business Writer First Russia. Then Venezuela. Now Bolivia. Soaring energy prices are fueling a global wave of natural-resource nationalization that is souring the investment landscape for international oil [...]

Council backs Rossport safety stance   Stephen O�Grady MEMBERS of Mayo County Council have reiterated their support for the Rossport Five, while simultaneously stressing the need to avail of the opportunities that the Corrib gas field offers. Welcoming the publication of the Advantica report on the safety of the proposed gas pipeline at Monday�s monthly [...]

Mackenzie in crunch Imperial not ready to speculate on reviving over-the-top option for Arctic gas Gary Park For Petroleum News Cost pressures have not yet reached breaking point with the Mackenzie Gas Project, but could make the venture uneconomic, or force a rethinking of design and construction, Imperial Oil officials said. Company chairman Tim Hearn [...]

Has oil production peaked? Herrera: Statistics point to peak production; prices likely to go higher Alan Bailey Petroleum News It�s well known that U.S. oil production has been declining for many years. And, in Alaska, oil production is well past its peak. But has worldwide oil production peaked? And what impact might worldwide oil production [...]

Liamy McNally on the matters of fact and the facts of the matter De Facto   Clearing the Corrib fog To coin a well-used phrase, �They haven�t gone away, you know.� The phrase can be applied to any or all sides in the Corrib gas debate. All hands are still on deck, even if things [...]

Shell�s �mixed messages� uncertainty   Stephen O�Grady SHELL E&P Ireland Ltd has been accused of sending out �mixed messages� and �playing games� with the people of Mayo, in the wake of last Wednesday�s publication of the Advantica report on the Corrib gas pipeline. Following the positive reaction to comments made by Mr Andy Pyle on [...]

05/09/2006: Press Release from Royal Dutch Shell plc Shell: Sustainability At The Heart Of Our Business (CSRwire) Royal Dutch Shell plc today released its ninth annual report on its environmental and social performance. The report underlines the company's commitment to help meet the world's current and future energy needs in environmentally and socially responsible ways. [...]

Oil Prices Steady Near $70 a Barrel E-Mail Print Save By THE ASSOCIATED PRESS Published: May 9, 2006 Filed at 7:45 a.m. ET VIENNA, Austria (AP) — Crude-oil futures hovered around $70 a barrel Tuesday as persistent concerns over Iran's nuclear ambitions were tempered by expectations of rising U.S. gasoline stocks. Oil prices have risen [...]

Britain speeds up approvals Lloyds List; May 09, 2006 var html = getInAdHTML(“box”,FTSite,FTSection,FTPage,FTIndustry); document.write(html); if (showAd == 1) { var o = DOMGetElement(“artAd”); if (o) { DOMElementShow(o); } } else { var o = DOMGetElement(“artImg”); if (o) { DOMElementShow(o); } } BRITAIN'S Department of Trade and Industry has approved 10 offshore oil and gas projects [...]

Shell Canada bids $2.4-billion for BlackRock: Hefty offer will boost oilsands reserves at petroleum giant Financial Post – Canada; May 09, 2006 var html = getInAdHTML(“box”,FTSite,FTSection,FTPage,FTIndustry); document.write(html); if (showAd == 1) { var o = DOMGetElement(“artAd”); if (o) { DOMElementShow(o); } } else { var o = DOMGetElement(“artImg”); if (o) { DOMElementShow(o); } } CALGARY [...]

A Commodity CrunchBoosts Prices and ProfitsMay 9, 2006 6:47 a.m. The Earth itself seems to be playing an ever-growing role in its inhabitants' economic affairs, as global manufacturing growth exceeds the current human capacity for extracting needed commodities from the sea and soil. Resulting market speculation only magnifies the problem. Just this morning, platinum prices [...]

Exxon's Pile of Cash Keeps Growing,Adding Fuel to the Ire Over Oil Prices By DAVID REILLYMay 9, 2006; Page C1 Move over, Microsoft Corp. Here comes a new cash king. Thanks to soaring oil prices and record earnings, global energy titan Exxon Mobil Corp. appears to be on track to amass a cash mountain even taller than [...]