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Posts on ‘September 16th, 2006’

Sunday Telegraph: Oil majors fear Russia wants deals rewritten

By Sylvia Pfeifer (Filed: 17/09/2006) Russia’s natural resources ministry has stepped up its pressure on foreign oil companies amid increasing signs of the state’s tightening grip on the country’s energy industry. The ministry has written to Royal Dutch Shell, ExxonMobil and France’s Total to demand the original texts of production-sharing agreements (PSAs) signed in the […]

UpstreamOnline: Senate for royalty relief cut

THE US Senate has voted to end deep-water royalty relief for oil and gas companies working in the Gulf of Mexico when commodities price hit certain high levels, writes Blake Wright. The royalty language was added as part of the large $460 billion-plus defense spending bill, which passed on a 98-0 vote late last week. […]

UpstreamOnline: Heavy-oil upgrader in Alberta leak alert

SHELL’S heavy-oil upgrader in Scotford, Alberta, near the provincial capital of Edmonton, has leaked potentially deadly sour gas for the second time in less than a week, writes Dann Rogers. Alberta’s Energy & Utilities Board said small quantities of hydrogen sulphide, also known as sour gas, and sulphur dioxide leaked from a hydrogen cracking unit […]

UpstreamOnline: Shell boost in oil sands

SHELL has added to its new acreage position in Canada’s oil sands with a C$101 million (US$92 million) acquisition of leases in Northern Alberta. Shell unit SURE Northern Energy said it was the successful bidder for five parcels of land in the latest Alberta government sale. The acreage is adjacent to 10 parcels the com¬pany […]

UpstreamOnline: Shell creates new post to boost safety: Safety tsar: Kieron McFadyen

Kieron McFadyen appointed to improve company’s performance CHRISTOPHER HOPSON London SHELL has moved to improve the safety performance of its oil and gas operations with the appointment of Kieron McFadyen to the newly created post of global health and safety chief. McFadyen is currently European technical director for Shell Exploration & Production, a post he […]

AP Worldstream: Dutch windmill industry begins moving unsightly turbines offshore to quiet complaints

By: TOBY STERLING, AP Worldstream Published: Sep 15, 2006 For centuries, Dutch windmills have pumped water out of the low-lying country, and old-fashioned wooden mills are as closely linked with the Netherlands’ international image as its dikes and bikes. But in the face of a large and growing lobby against the windmill’s modern electricity-generating counterpart […]

Petroleum News: BP audit: Corrosion job vacant for months

Need to develop succession in job group cited; size and qualification of pipeline-corrosion monitoring division also needs review Brad Foss Associated Press Business Writer By the time a massive oil-pipeline spill was discovered in March on Alaska’s North Slope, the job of BP’s senior corrosion engineer had been left unfilled for more than a year, […]

Madison County Record: Vapor defendants agree to settlement and to go after other polluters

Friday, September 15, 2006 By Steve Korris Premcor Refining Group and Shell Oil affiliate Equilon Enterprises have agreed to pay $8 million to Hartford residents living above an underground petroleum lake that formed from the operation of the community’s big oil refinery. In settling a proposed Madison County class action suit, Premcor and Equilon have […]

Petroleum News: They may be sticky, but they move: Royal Dutch Shell in Canada

Burst of activity around Alberta oil sands as more players enlarge their portfolios, but Talisman prepares to exit the scene Gary Park For Petroleum News Royal Dutch Shell is in (big time), Petro-Canada is also in (adding to its landholdings), Chevron Canada is almost in (as an operator), Talisman Energy is out (in all likelihood) […]

Sakhalin II: Who is going to screw who?

Royal Dutch Shell CEO Jeroen van der Veer and President Vladimir Putin of Russia discuss terms on an informal basis…    

The Wall Street Journal: Oil News Roundup: September 15, 2006 4:33 p.m.

THE WALL STREET JOURNAL ONLINE September 15, 2006 4:33 p.m. Crude-oil futures rose for just the second time in the past 10 sessions on the New York Mercantile Exchange, settling at $63.33 a barrel after dropping as low as $62.05 in earlier trading. Here is Friday’s roundup of oil and energy news. * * * […]

The Times: Oil giants line up for exploration auction in India

September 16, 2006 By Carl Mortished and David Robertson Natural resources   THE world’s largest oil multinationals, including BP, Shell and ExxonMobil, are among a throng of investors seeking rights to explore for oil and gas on India’s continental shelf. Bids were submitted yesterday from more than 60 companies, including 34 foreign firms, for 55 […]

Daily Telegraph: BP loses its place at the front of the queue

16 September 2006 As a measure of value, it is pretty clumsy. But it shows how far the stock of BP has fallen in the eyes of the City. Shell, which only two years ago was ravaged by its own reserves scandal, is now a bigger company than its arch rival. Admittedly, there isn’t much […]

Daily Telegraph: Investors seek clarity on BP’s US troubles

(BP CEO Lord Browne) By Christopher Hope, Industry Editor (Filed: 16/09/2006) Major investors in BP want to meet the oil and gas giant’s chairman Peter Sutherland in the next few weeks to discuss its difficulties in America. The Daily Telegraph has learned that the concerns about BP were raised at a meeting of the investors’ […]

The Dallas Morning News: Big Oil countries hold upper hand

11:24 AM EDT on Friday, September 15, 2006 By Jim Landers  The oil kings gathered Wednesday in the Hofburg Palace of Vienna. It was a clear, sunny day in the Austrian capital, but a storm darkened the palace chambers. Exxon Mobil Corp. chairman Rex Tillerson warned his audience of OPEC ministers and guests that high […]

AFX News Limited: Russia requests production sharing project data from Total, Exxon, Shell

09.15.2006, 10:28 AM MOSCOW (AFX) – Russian authorities have requested that foreign energy majors in production sharing agreements with the Russian government turn over their technical and financial data. The request from the Russian natural resources ministry was addressed to the Russian offices of Total, Exxon and Royal Dutch Shell, which are all working on […]

Financial Times: Woodside says will not raise bid for EPL

By Raphael Minder in Sydney Published: September 15 2006 09:40 | Last updated: September 15 2006 09:40 Woodside, Australia‘s leading oil and gas group, said Friday it did not plan to raise its takeover offer for Energy Partners after the US oil producer rejected the bid and said it was likely to proceed with its […]

Financial Times: Security costs threaten oil contractors in Nigeria

By Dino Mahtani in Lagos Published: September 16 2006 03:00 | Last updated: September 16 2006 03:00 Oil servicing companies in Nigeria’s violent delta region are having to shoulder rising security costs or consider walking away from essential engineering and drilling work with oil and gas multinationals. Executives say the extra costs for companies that […]

Financial Times: Shell on the hunt for big ideas

By Gordon Smith Published: September 16 2006 03:00 | Last updated: September 16 2006 03:00 Shell is on the hunt for small businesses with big ideas on the environment. The oil group this week launched its annual search for innovative product ideas that lead to a reduction in greenhouse gasses. The winner of last year’s […]

Financial Times: BP safety under fresh US attack

By Sheila McNulty in Houston Published: September 16 2006 00:01 | Last updated: September 16 2006 00:01 BP mistakenly told state regulators in a 2003 application for an emissions permit that it had installed the updated equipment which investigators said would have prevented last year’s fatal explosion at its Texas City refinery, the Financial Times […]

AFP: Russia pushes foreign energy firms to hand over data

Web posted at: 9/16/2006 3:52:8 Source :AFP MOSCOW • Russian authorities requested yesterday that foreign energy majors in production sharing agreements with the Russian government turn over their technical and financial data. The request from the Russian natural resources ministry was addressed to the Russian offices of Total, Exxon and Royal Dutch Shell, which are […]

Financial Tmes: BP investors push for spending rise on safety

16 September 2006 EXTRACTS: In fact it has been Royal Dutch Shell, BP’s closest European competitor, which has had to increase its capital expenditure the most of its peers in the past five years as its production and reserves profiles have faltered. Shell spent much less than its peers in the late 1990s because Mark […]