THE WALL STREET JOURNAL ONLINE July 20, 2006 6:44 p.m. Crude-oil futures rose on the New York Mercantile Exchange, settling at about $73 a barrel and ending a three-day slide. Here is Thursday’s roundup of oil and energy news. * * * YUKOS BOSS QUITS: The president of OAO Yukos, Steven Theede, announced his resignation [...]
Posts on ‘July 20th, 2006’
The Wall Street Journal: Russia Plans Audit of Oil Project Due to Delays and Cost Overruns
By GEOFFREY T. SMITH July 21, 2006 MOSCOW — The Russian Natural Resources Ministry said Thursday that it will launch a monthlong audit of the Sakhalin-2 project, criticizing delays and cost overruns to the project that it said threaten national interests. A statement released by Natural Resources Minister Yuri Trutnev said Sakhalin Energy Ltd., a [...]
The Wall Street Journal: Woodside Mulls Reserves Downgrade
Woodside Says Oil Output Is Slipping at Chinguetti Perth Firm Considers A Reserve Downgrade For Mauritania Field By STEPHEN BELL July 21, 2006 PERTH, Australia — Woodside Petroleum Ltd. experienced another problem at its emerging Mauritania oil province, revealing Thursday that it may be forced to downgrade reserves at the US$750 million Chinguetti field. It [...]
CanadaNewsWire: Conference Call and Webcast: Shell Canada to provide Athabasca Oil Sands Project Expansion update
CALGARY, July 20 /CNW/ – Shell Canada Limited will host a conference call and webcast presentation on July 28, 2006 beginning at 12:00 noon (MDT). The presentation will be followed by a question and answer session and should be complete by 1:00 p.m. (MDT). Shell will provide an update regarding the Athabasca Oil Sands Project [...]
Fiji Times: French sign Shell deal
Friday, July 21, 2006 THE sales and purchase agreement for French company Total Oil to buy Shell Fiji Ltd has been signed, says Shell Fiji’s general manager Peter Walsh. The agreement is subject to the Government’s approval, which is required for Total Oil to trade in the country, Mr Walsh said. He said the Government’s [...]
China Daily: CNOOC, Shell to expand joint capacity
By Wang Ying (China Daily) Updated: 2006-07-21 08:49 CNOOC and Shell Petrochemicals Co Ltd, China’s biggest Sino-foreign partnership deal, plans to expand its current capacity by 10 to 20 per cent within the next four years, to meet surging domestic demand. The US$4.3 billion joint project, launched in March between Royal Dutch Shell and China’s [...]
MarketWatch: Russian min to begin Sakhalin energy audit Tuesday (updated)
(This updates an item published at 1005 GMT 20 July, with comment from Sakhalin Energy and context regarding its proposed deal with Gazprom) MOSCOW (MarketWatch) — The Russian Natural Resources Ministry said Thursday that it would launch a month-long audit of the Sakhalin-2 project at the start of July, claiming that delays and cost overruns [...]
UPI Energy Watch: Shell, Gazprom asset exchange delayed to year’s end
By ANDREA R. MIHAILESCU UPI Energy Correspondent British-Dutch venture Royal Dutch Shell said it hopes to complete its asset-swap deal with Russian natural gas behemoth Gazprom by the end of the year despite complications. “I hope that by the end of 2006 the exchange will be completed. It is already July,” Jeroen van der Veer, [...]
PRNewswire: Incumbent MMB Wins $25 Million Jiffy Lube International Account
HOUSTON, July 20 /PRNewswire/ — Boston-based advertising agency MMB successfully defended the $25 million Jiffy Lube International account and will continue its relationship as agency of record for the leader in the fast lube category. MMB has handled the Jiffy Lube advertising program since 2001 but the account was put up for review earlier this [...]
The Wall Street Journal: Oil News Roundup
THE WALL STREET JOURNAL ONLINE July 19, 2006 6:59 p.m. Crude-oil futures tumbled for the third consecutive day, falling nearly $1 a barrel to settle at less than $73 after U.S. government data showed continuing gains in oil and gasoline supplies. Oil prices have lost nearly 6% in the three trading days since settling at [...]
The Wall Street Journal: Putin Signs Law That Confirms Gazprom’s Export Monopoly
A WALL STREET JOURNAL NEWS ROUNDUP July 20, 2006 President Vladimir Putin signed a law that enshrines the monopoly over Russia’s gas exports of OAO Gazprom, the world’s largest gas company, his office said. Analysts said the law may be designed to ensure that Gazprom’s status can’t be challenged on the basis of [...]
Dow Jones Newswires: UPDATE: Russian Min To Begin Sakhalin Energy Audit Tuesday
(This updates an item published at 1005 GMT, with comment from Sakhalin Energy and context regarding its proposed deal with Gazprom) MOSCOW -(Dow Jones)- The Russian Natural Resources Ministry said Thursday that it would launch a month-long audit of the Sakhalin-2 project at the start of July, claiming that delays and cost overruns to the [...]
African Echo: Shell to pay Nigeria $1.5bn to the Ijaw people
EXTRACT: But the Judge, Okechukwu Okeke, ruled that since both sides had agreed to go before the National Assembly, the order was binding. Ijaw community leader, Ngo Nac- Eteli, said that if Shell wanted to buy time by taking the case to the appeal court, the company would not be allowed to operate on Ijaw [...]
Reuters: Nigerian May oil output recovers to 2.29 mbpd
LAGOS, July 20 (Reuters) – Nigerian oil output recovered to 2.29 million barrels per day (mbpd) in May, up 6.1 percent from an upwardly revised figure of 2.15 mbpd for the previous month, the central bank said on Thursday. Output of crude oil, condensate and natural gas liquids in Africa’s top producer has been recovering [...]
Dow Jones Newswires: Russian Ministry To Begin Sakhalin Energy Audit July 25
MOSCOW -(Dow Jones)- The Russian Natural Resources Ministry said Thursday that it would launch a month-long audit of the Sakhalin-2 project at the start of July, claiming that delays and cost overruns to the project were threatening national interest. A statement released by Natural Resources Minister Yuri Trutnev said Sakhalin Energy Ltd., a consortium led [...]


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