Posts on ‘August 16th, 2006’

By Upstream staff J Ray McDermott has been handed a job by Shell to engineer, construct, transport, install, hook up and pre-commission two wellhead platforms in Qatar’s North field for the Pearl gas-to-liquids (GTL) project, off Qatar. Finnancial details of the contract were not made public. Front end engineering and design verification and detailed design [...]

EXTRACT: In addition to Woodside, Greater Sunrise’s stakeholders include supermajors ConocoPhillips and Shell and Japan’s Osaka Gas. Australia’s Woodside is 34% owned by Shell. THE ARTICLE By Upstream staff Parliamentary consideration by East Timor of an agreement critical to advancing development of the Timor Sea’s biggest gas resource is at least a month away, the [...]

By Upstream staff US supermajor Chevron has been awarded a deep-water exploration block west of its mighty Greater Gorgon gas fields off Western Australia. Chevron Australia said it would operate Block WO5-13 with a 50% stake, with the remaining interest held by Shell Development Australia. Block WO5-13 lies adjacent to, but in deeper water, then [...]

By Upstream staff Crude oil storage caverns leased by the Shell-operated Mars oil field in the US Gulf of Mexico are full, forcing producers to sell production at sharply lower prices, traders and industry sources said on Tuesday. Differentials for Mars crude have fallen by $2 per barrel in the last week to $8.50 below [...]

EXTRACTS: The lands are near those owned by Shell Canada, which expanded its presence in the region with its C$2.4 billion acquisition of Blackrock Ventures, completed last month. Shell has said it wants to more than double “in situ” oil sands production – resources not accessible by mining – to 50,000 bpd within two years [...]

08.15.2006, 05:24 AM   LONDON (AFX) – Royal Dutch Shell PLC said it expects the Pohokura gas field in New Zealand to achieve peak production of around 40,000 barrels of oil equivalent per day. Gas from the three completed onshore wells has been fed to the the production station at Motonui, near New Plymouth since [...]

EXTRACT: Two already have been tossed out: Royal Dutch Shell, for drilling for oil in Iran, and Deutsche Bank, for helping the Iranian government with a bond issue. THE ARTICLE By David Nicklaus 16/08/2006 A $6 million fund is barely a drop in the sea of global investments, but it’s making a big splash for [...]

THE WALL STREET JOURNAL ONLINE Crude-oil futures fell again on the New York Mercantile Exchange, ending the day at $73.05 a barrel, as traders avoided taking positions ahead of tomorrow’s government inventory report. Here is Tuesday’s roundup of energy-related news: * * * INDIA, CHINA TEAM UP: India’s state-owned Oil & Natural Gas Corp. teamed [...]

By REUTERS Published: August 15, 2006 Filed at 5:14 p.m. ET PORT HARCOURT, Nigeria (Reuters) – Two Norwegian and two Ukrainian oil workers being held hostage in Nigeria were freed on Tuesday as the government promised to crack down on a surge in unrest in Africa’s largest oil producer. About 16 foreign oil workers have [...]

Published: Aug 16, 2006 PERTH, Aug 16 Asia Pulse – Chevron Corporation and Shell have picked up a deepwater exploration permit in the same basin that hosts the North West Shelf project and says it has the potential to host a gas find. Chevron Australia Pty Ltd will be operator and will hold a 50 [...]

LONDON, Aug 15 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said on Tuesday that first gas had started to flow from its Pohokura project in New Zealand, which at its peak is expected to produce around 40,000 barrels of oil equivalent per day. “This is a significant step in the journey to [...]

BY SCOTT BLAKE FLORIDA TODAY Shell Oil Co. President John Hofmeister on Tuesday delivered Big Oil’s message to the masses. The message: The way to lower oil and gasoline prices is to increase supplies. And one of the best ways to do that could be to allow oil companies greater access to environmentally sensitive areas, [...]