Posts on ‘May 20th, 2006’

MMS director scolds industry Burton blames errant rig anchors for major pipeline damage in Gulf of Mexico; no lives lost, no major pollution from offshore facilities, and sub-sea values held Ray Tyson For Petroleum News U.S. Minerals Management Director Johnnie Burton is clearly unhappy with the damage caused by drilling rigs set adrift in the [...]

Chevron to build 55-mile oil pipeline to serve deepwater Tahiti field Chevron has approved the construction of a 55-mile deepwater oil pipeline in the Gulf of Mexico that would connect the Chevron-operated Tahiti field to the existing Amberjack pipeline for delivery to shore. Chevron said it also approved expanding the pipeline from a 20-inch diameter [...]

Sempra LNG expansion gets lots of interest Company says potential customers want 2.9 billion cubic feet daily in new supplies from Baja California facility Allen Baker For Petroleum News Sempra’s new LNG terminal under construction near Ensenada, Mexico, has plenty of interest from shippers if the facility is expanded — interest for a staggering 2.9 [...]

Nigerian fuel pipeline blast kills up to 200 Increased security, investigation into May 12 gasoline blast in southwest Nigeria; villagers killed were scavenging for fuel Dulue Mbachu Associated Press Writer Nigerian President Olusegun Obasanjo ordered stepped-up protection for pipelines traversing Africa’s oil giant after a gasoline blast killed up to 200 people, but Nigerians said [...]

Reuters: Shell gets Nigerian deadline for $1.5 bln damages   20 May 2006 15:46:43 GMT Source: Reuters   LAGOS, May 20 (Reuters) – A Nigerian court has given Royal Dutch Shell a Monday deadline to pay $1.5 billion in damages for pollution in the oil-producing state of Bayelsa, the energy giant said on Saturday.   [...]

Sat 20 May 2006 Kenya annuls Shell buyout of BP j-v stake NAIROBI (Reuters) – Kenya has annulled an agreement by Royal Dutch Shell to buy BP's 50 percent stake in their oil products marketing joint ventures in the east African nation, Shell said on Saturday. “We were surprised and disappointed,” Mwaura Ngaari, regional external [...]

Shell's 'regret' over Corrib is a PR move, warns Owens Wiwa (The Irish Times Via Thomson Dialog NewsEdge) Nigerian activist Dr Owens Wiwa has said the north Mayo community must make “no compromise” in relation to its opposition to the Corrib gas onshore pipeline. Dr Wiwa, brother of executed Nigerian writer Ken Saro-Wiwa, also believes [...]

Milberg Dealt Blow as Indictment Fallout Grows Firm Is Fired as CounselIn Ohio Class-Action Case;Other Challenges Expected By NATHAN KOPPEL and PETER LATTMANMay 20, 2006; Page A3 Milberg Weiss Bershad & Schulman LLP suffered a serious setback as a result of its indictment, with the Ohio attorney general firing the powerhouse law firm as counsel in a [...]

Oil News Roundup The WALL STREET JOURNAL ONLINEMay 20, 2006 Crude-oil futures tumbled again on the New York Mercantile Exchange, settling at $68.53 after an OPEC minister hinted the oil cartel wouldn't cut production any time soon. Here is today's well of news about oil and energy. * * * THE PRICE OF FEAR: Geopolitical [...]

Oil Falls Toward $68 as Metals Slide E-Mail Print Save By REUTERS Published: May 19, 2006 Filed at 11:20 a.m. ET Skip to next paragraph LONDON (Reuters) – Oil fell by more than a dollar toward $68 a barrel on Friday, close to a five-week low, as renewed concern about rising inflation and slower economic [...]

Top class action lawyers to face fraud trial in US Bill CondieEvening Standard – London: KRTBN; May 19, 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); } } Class action legal firm [...]

Gorgon looking good as gas goes global The Australian Financial Review (abstracts); May 19, 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); } } Gorgon stakeholders Chevron Australia, Shell and Exxon Mobil [...]

Calgary-based oil producer may invest up to $7.4-billion to develop oilsands crude Financial Post – Canada; May 19, 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); } } North American Oil Sands [...]

Nigerian militants win oil drilling licence By Dino Mahtani in LagosPublished: May 19 2006 17:59 | Last updated: May 19 2006 17:59 Nigeria auctioned 17 new oil drilling licenses on Friday to companies from China, India, Britain and Nigeria, reserving one oil bloc for a company linked to militant activists in the turbulent delta region. [...]

NIGERIA‘Shell must stay out of our oil’ – Nigerian militants Lagos – Nigerian militants on Thursday warned Anglo-Dutch oil giant Shell against resuming operations in areas where it has shut production in the restive Niger Delta region. The warning followed reports that the company plans to resume production within a few weeks. “They are welcome [...]