Turmoil in South America and other regions sharpens focus on remote ‘discovered and secure’ northern frontier resources Gary Park For Petroleum News The tsunami washing over some of the least predictable oil and gas regions on the planet has managed to lap at the shores of Canada’s Arctic Islands. The unexpected hostile run Petro-Canada is [...]
Posts on ‘June 3rd, 2006’
Petroleum News: Barents bargaining chip?
U.S, Russia trade political shots; Gazprom again delays Shtokman gas project Ray Tyson Russia appears to be using its giant Shtokman gas project in the Barents Sea as a bargaining chip to gain U.S. support for its bid to become a member of the World Trade Organization. Caught in the middle of the brouhaha are [...]
THE WALL STREET JOURNAL: Nigerian Gunmen Abduct 8 WorkersFrom Oil Platform
By CHIP CUMMINS June 3, 2006; Page A5 Unidentified gunmen kidnapped eight foreign workers from an oil platform about 40 miles off Nigeria’s coast, raising fresh security challenges for the handful of international oil companies working in the region. Pipeline sabotage, smuggling and militant attacks against oil installations have become commonplace onshore and in the [...]
THE NEW YORK TIMES: Oil Climbs Over $72 on US Refinery Woes, Nigeria
By REUTERS NEW YORK (Reuters) – Oil climbed back to $72 a barrel on Friday, reversing a two-day slide, as problems at a handful of U.S. refineries and the kidnapping of foreign oil workers in Nigeria renewed concern about risks to supply. U.S. crude oil rose $1.71 to $72.05 a barrel by 1810 GMT, having [...]
Electron: Huge Win for Online Journalists’ Source Protection
A California state appeals court ruled in favor of the Electronic Frontier Foundation’s (EFF’s) petition on behalf of three online journalists Friday, holding that the online journalists have the same right to protect the confidentiality of their sources as offline reporters do. “Today’s decision is a victory for the rights of journalists, whether online or [...]
The Times: American pressure threatens UK firms
By Christine Seib THE US Government is putting Britain’s £1 billion annual trade with Iran at risk by pressing European banks to withdraw from the country, The Times has learnt. The Middle East Association (MEA), which represents 75 per cent of British businesses that trade in the region, accused American officials of “mucking up British [...]
Mail and Guardian (Nigeria): Oil giant ordered to shell out
By Percy Zvomuya “If Shell have the guts to come to the Ijaws’ land, we won’t just kidnap their workers, now they will disappear,” threatened Joseph Evah, coordinator of the Ijaw Monitoring Group, in the wake of a court judgement against oil giant Shell. The judgement, which Shell has appealed, ordered the company to pay [...]
THE NEW YORK TIMES: Eight Expat Oil Workers Kidnapped From Nigeria Rig
LAGOS (Reuters) – Gunmen abducted eight foreign workers in a night-time raid on an oil rig off the coast of Nigeria on Friday, raising new security fears after a series of militant attacks that cut output from Africa’s top oil producer. Some 20 to 30 attackers fired shots as they boarded the rig from four [...]
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