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Posts from ‘October, 2006’

Financial Times: Front Page: BP knew of safety problems, says report

By Sheila McNulty in Houston: Published: October 31 2006 02:00 | Last updated: October 31 2006 02:00 BP knew it had “significant safety problems” at its Texas City refinery and 34 other locations around the world well before last year’s deadly explosion at the Texas plant, US investigators said in a damning report yesterday. The […]

New Zealand Herald: Oil: Price keeps on falling

8.40am Wednesday November 1, 2006   Oil fell below US$58 a barrel on Tuesday, deepening sharp losses from the previous session on easing tensions in Nigeria, ample US fuel stocks and lingering doubts over Opec output cuts.   US light crude fell 78 cents to US$57.58 a barrel by 1812 GMT, after trading down to […]

allAfrica.com: Niger Delta Impacted by 1.5 Million Tons of Oil Spill, Among Five Most Polluted Spots on Earth

Vanguard (Lagos) NEWS October 31, 2006 Posted to the web October 31, 2006 By Hector Igbikiowubo With Agency Report THE Niger Delta has been impacted by 1.5 million tons of crude oil spill over the last 50 years threatening rare species including primate fish, turtles, bird and damaging crops while destroying the livelihood of many […]

RIA Novosti: Russian Audit Chamber, UK ambassador discuss Sakhalin II

20:14 | 31/ 10/ 2006  MOSCOW, October 31 (RIA Novosti) – The head of Russia’s Audit Chamber and the British ambassador to Russia held talks Tuesday to discuss Sakhalin II, a huge oil and gas project in Russia’s Far East led by British-Dutch oil major Shell. The multibillion-dollar Sakhalin II project has been accused of […]

DemocratandChronicle.com: University of Rochester won’t invest in Sudan

EXTRACT: UR’s board of trustees investment committee agreed earlier this month “to prohibit direct investments in companies identified as supporting the Sudanese government’s activities in Darfur,” according to its new policy. The policy comes with a list of 28 firms, such as Siemens AG, Royal Dutch Shell and Sudan Telecom, that UR no longer will […]

HindustanTimes: Deora invites Russians for oil projects in India

EXTRACT: Another project, Sakhalin-2, which is headed by Royal Dutch Shell, has run into ecological controversies that caused the Russian Natural Resources Ministry to suspend its environmental operating license in September… Russian Natural Resources Minister Yury Trutnev said on Sunday that an environmental probe of the Sakhalin-1 project has been delayed, while the ministry deals […]

cnn.com: Protesting villagers leave Shell facilities in Nigeria

POSTED: 1417 GMT (2217 HKT), October 31, 2006 PORT HARCOURT, Nigeria (AP) — Angry villagers who took over three Shell oil installations in Nigeria’s troubled southern delta region vacated the facilities Tuesday after a six-day occupation, a community spokesman said. Elsewhere, however, a group of villagers who occupied a facility run by the Agip oil […]

MarketWatch: Japan trading houses Mitsubishi, Mitsui benefit from commodities boom

Last Update: 5:34 AM ET Oct 31, 2006 (Updates with details of other trading companies’ earnings, possible problems for firms.) TOKYO (MarketWatch) — Japanese trading companies Mitsubishi Corp. (8058.TO) and Mitsui & Co. (8031.TO) Tuesday posted sharp increases in fiscal first-half net profit and raised their outlooks amid booming commodities prices. Mitsubishi Corp., Japan’s biggest […]

MarketWatch: Over C$110 Billion of New Oil Sands Developments Have Been Proposed In Northern Alberta Canada

Last Update: 10:30 AM ET Oct 31, 2006 DUBLIN, Ireland, Oct 31, 2006 (BUSINESS WIRE) — Research and Markets ( http://www.researchandmarkets.com/reports/c44285) has announced the addition of Alberta Oil Sands: Projects, Production and Cost to their offering. In one (large) page, we summarize over 70 projects at various stages of development for Canadian oil sands operators. […]

ShellNews.net: Stephanie Boyd or Stephanie Boyde?

By John Donovan On 23 October we published a leaked email from a senior Shell manager, Stephanie Boyde. It therefore took my eye when a Shell insider brought the following article to my attention. It just goes to show what a difference an “e” can make. This article may have relevance to postings made today […]

New York Times: U.S. Drops Bid Over Royalties From Chevron

By EDMUND L. ANDREWS October 31, 2006 WASHINGTON, Oct. 30 — The Interior Department has dropped claims that the Chevron Corporation systematically underpaid the government for natural gas produced in the Gulf of Mexico, a decision that could allow energy companies to avoid paying hundreds of millions of dollars in royalties. The agency had ordered […]

UpstreamOnline: Nigerian workers threaten to down tools

By Upstream staff Nigerian unions today threatened to shut all oilfields operated by Italian oil company Agip unless it paid staff a security bonus reflecting the rising risks of working in the Niger Delta. The strike threat came as protesters left two of the four oil pumping stations they were occupying in Rivers State, and […]

The Moscow Times: EU Seeks Clarity on Energy Projects

Tuesday, October 31, 2006. Issue 3530. Page 1. By Miriam Elder Staff Writer     EU Energy Commissioner Andris Piebalgs urged Russia on Monday to improve its investment climate and cautioned that the country needed a lot of cash quickly if it hoped to meet the growing European demand for natural gas. A senior U.S. official, […]

The Times: Stern warning: The review on climate change marks a turning point

October 31, 2006 There is much talk, some of it vacuous, about a “tipping point” for the global climate. But the debate has certainly reached a tipping point. The Treasury has published Sir Nicholas Stern’s review when public concern is mounting and all three main political parties are scrambling to claim a green mantle. Sir […]