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Posts from ‘July, 2006’

PRNewswire: Shell ‘Million Gallon Giveaway’ Promotion to Award Free Gasoline to More Than 200,000 Drivers

Six Lucky Winners Will Each Receive Lifetime Supply of Free Gasoline HOUSTON, July 31 /PRNewswire/ — Drivers nationwide who stop by their local Shell stations now have a chance to win free gasoline for life through the Shell “Million Gallon Giveaway.” Starting today and continuing through October 1, Shell will give away more than $2 […]

Accountancy Age: Shell project faces tax haven criticisms

Oil giant seeks financial support for troubled Sakhalin project from UK taxpayers Alex Hawkes, Accountancy Age, 31 Jul 2006 Shell is facing opposition in its attempts to raise finance for its overspent Sakhalin oil and gas project because the consortium behind it is based in a tax haven. The group, which is owned by Shell, […]

UpstreamOnline: Agip hostages ‘walk free’

EXTRACT: News of the Agip incident and of a Shell pipeline leak that shut down a further 210,000 bpd pushed world oil prices up last week. THE ARTICLE By Upstream staff Attackers have vacated an Agip oil pumping station in Bayelsa state in southern Nigeria and freed all hostages they were holding there after they […]

RealTimeTraders.com: Royal Dutch Shell Releases Proposal To Expand Athabasca Oil Sands Project

Monday, July 31, 2006; Posted: 02:23 AM    (RTTNews) – Royal Dutch Shell announced that Shell Canada has issued a formal proposal to proceed with Expansion 1 to the other Athabasca Oil Sands Project joint venture owners. The company stated that Shell Canada completed an extensive feasibility study followed by a rigorous cost estimate and […]

The New York Times: Oil Steady Above $73 on Mideast

EXTRACT: In Nigeria, the world’s eighth-biggest exporter, there was no apparent progress toward restoring the more than one-quarter of production shut in by militants, with attackers who closed an Agip pumping station last Tuesday still in talks. Royal Dutch Shell (RDSa.L) said it did not expect a significant recovery in output before the end of […]

The Guardian: The question: Which are the world’s most profitable firms?

By: JULIA FINCH, The Guardian – United Kingdom Published: Jul 31, 2006 Exxonmobil, BP, Royal Dutch Shell, Chevron, ConocoPhillips and Total – collectively they have always been known as Big Oil. But the recent rise in the oil price to around $74 a barrel has made them a whole lot Bigger. Exxonmobil – the world’s […]

Asia Pulse: SHELL TO DECIDE ON INVESTING IN IRAN’S SOUTH PARS NEXT YEAR

Published: Jul 31, 2006 TEHRAN, July 31 Asia Pulse – International oil giant Shell will make its final decision on whether to invest in Phase 13 of South Pars gas field development project in 2007. According to Tehran based English-language newspaper Iran Daily in its Sunday edition, managing director of Pars Oil and Gas Company […]

Irish Times: Shell pipeline protesters walk to Dublin

By: Lorna Siggins, Marine Correspondent, Irish Times Published: Jul 31, 2006 Shell to Sea campaigners have set out on a walk to Dublin to highlight their concerns, and among walkers on yesterday’s second leg from Bellanaboy to Bellacorick was marathon runner Patricia Murphy, who had climbed Croagh Patrick first in the early hours of yesterday […]

MarketWatch: Chevron Nigeria: 23,000 barrels per day affected by pipeline attack

(This article was originally published Friday.) LAGOS (MarketWatch) — Chevron Nigeria, a unit of ChevronTexaco (CVX), says 23,000 barrels per day of its production are affected by a recent attack on a pipeline belonging to Shell Petroleum Development Company of Nigeria, but explained it has not declared force majeure on its commitments to buyers. “Our […]

Bloomberg: Shell, Exxon May Drill Off New Zealand in World’s Highest Waves

July 31 (Bloomberg) — Energy prices have risen so high that New Zealand is inviting Royal Dutch Shell Plc, Exxon Mobil Corp. and other natural gas producers to send rigs to one of the most inhospitable seas on Earth. Next month, New Zealand will seek bids to explore in the Great South Basin, off the […]

SAN DIEGO UNION-TRIBUNE: Gas stations repeatedly cited for air pollution

EXTRACT: ..regulators confronted Shell/Equilon officials after issuing a string of citations to its gas stations in 2000. Company leaders signed a legal agreement with the air district that year, promising to start an enhanced inspection and maintenance program. Since then, however, records show that the air district has cited Shell/Equilon 371 more times. Fines may […]

Niger Delta : An Open Letter To Oil Companies

EXTRACT: Since this is not going to be a very long letter I intend to address one of you who I assume is the most culpable of the lot. That is the British and Dutch oil interest known as Shell Petroleum Development Company. You are all guilty of the same offences to some degree but […]

The Wall Street Journal: More Earnings Roll In; Senate May Pass Energy Bill

EXTRACT: Oil Profits Gush: Exxon Mobil’s profit jumped 36%, to $10.36 billion, the oil company’s second-highest quarterly profit ever. Shell’s profit rose 40%, to $7.32 billion. BP’s earnings jumped 30%, to $7.27 billion as the firm unveiled measures to improve U.S. operations following safety and regulatory problems. Chevron reported an 18% rise in profit to […]

The Sunday Times: Return of the wildcat oilmen

July 30, 2006 Special Report Prospectors are scouring Africa and the US deserts in search of black gold. By Tarquin Hall     “FOLKS call me Cactus on account of a friend of my dad’s,” said Charles E Schroeder III, as he emerged from a Texas steakhouse where he had devoured an enormous plate of prime […]