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Posts on ‘October 1st, 2006’

Bloomberg: Russian Oil Output Is Little Changed on Price Drop, Shell Probe

By Garfield Reynolds Oct. 2 (Bloomberg) — Russian oil output was little changed in September, as world prices fell and the government threatened to halt work at a Royal Dutch Shell Plc project that’s the nation’s biggest foreign energy investment. Average daily oil output during the month was at 9.751 million barrels a day, or […]

Agence France Presse: British energy project challenged in Russian wilderness

By Dario Thuburn Sirens scream, jeeps fly past, helicopters prepare for take-off. Russia’s flamboyant environmental enforcer Oleg Mitvol is in town. Mitvol’s mission this time may be his biggest yet: to halt a 20-billion-dollar (15.8-billion-euro) energy project led by British oil giant Shell on Russia’s eastern edge. “Sakhalin Energy is treating us like a banana […]

World Energy Source: Delivering Technology: The Key Role of International Energy Companies

World Energy Vol. 9 No. 1 2006 EXTRACT: Shell’s Sakhalin II project in Russia is an example, perhaps the most challenging oil and LNG project yet undertaken. Construction is proceeding apace, and we are learning a lot. By Jeroen van der Veer Chief Executive Royal Dutch Shell p.l.c. People are increasingly worried about energy: “Will […]

World Energy Source: The Future Is Gas? Article by Jeroen van der Veer, Chief Executive, Royal Dutch Shell Plc

World Energy Vol. 9 No. 2: September 2006 By Jeroen van der Veer Chief Executive Royal Dutch Shell plc Natural gas – with its economic, efficiency and environmental advantages, relative abundance and expanding infrastructure – has the potential to play a vital role in meeting the world’s expanding energy needs while helping to cut greenhouse […]

World Energy Source: Can BP Come Clean?

By Richard R. Loomis and Susan Salter September 2006 “When trust is destroyed, the result is an uncertain world where the future is not just unknowable but frightening, and where people cling to what they have for fear that any change will be for the worse.” – Lord Browne of Madingley, group chief executive of […]

The Business Online: Market braced for glut of oil and price cuts

By Richard Orange 01 October 2006   A gush of oil, worth more than $9bn (E7bn, £4.8bn), could flood the crude market over the next six months, driving the oil price back down towards $50 a barrel, according to research from Sandford Bernstein. Neil McMahon, senior oil analyst, said: “I think there could be more […]

New York Times: Venezuela and Nigeria, Both OPEC Members, Say They Will Cut Their Oil Production

By JAD MOUAWAD Published: September 30, 2006 Some members of OPEC are getting really nervous about oil at $60 a barrel. Two of the oil cartel’s 11 members, Nigeria and Venezuela, said yesterday that they would make voluntary cuts in their production in response to oil prices that have fallen nearly 20 percent from their […]

Newsroom.co.nz: Taranaki gas field begins commercial production

The operators of the Pohokura gas field in Taranaki say it is producing commercial quantities of gas for the first time. Shell Exploration says the gas and condensate are now flowing from three completed onshore wells through a production station at Motunui near New Plymouth. Spokesman Ajit Bansal says it is a significant milestone for […]

Newsweek International: Big Big Problem

EXTRACT: As Shell CEO Jeroen van der Veer recently told NEWSWEEK, it’s important for oil executives to “stand with their hat in their hand” in front of developing-world politicians if they want to get even a small slice of the pie these days. He would know. Shell’s Sakhalin gas project in Siberia is emblematic of […]

Gulf Times (Qatar): Statoil cutting output targets by 3% over deposit delays

EXTRACT:  Oil companies including Statoil and Royal Dutch Shell Plc are scrambling to find new reserves fast enough to replace a decline in output from oil fields in the North Sea. Surging demand for offshore rigs and services has led to a shortage of equipment, setting back the development of some deposits. THE ARTICLE Published: Sunday, […]

The Observer: For once, the worry is that oil may be getting a little too cheap

But analysts are divided as to why – and what might happen next. Oliver Morgan reports Sunday October 1, 2006 Nothing spooks the markets like the oil price. The fear of running out, the threat of terrorism, panic over US house prices, all of these are built into that most volatile of sums: the price […]

Free Republic: Send our own message: Develop all oil reserves

GERALD E. MARSH Iranian President Mahmoud Ahmadinejad thoroughly condemned President Bush, the United States, Israel and everything Western during his speech before the U.N. General Assembly on Sept. 19. Well, almost everything Western — the notable exceptions being Royal Dutch Shell, France’s Total and a number of other European oil companies that have pledged to […]

The Observer: Stop investing in Sudan’s genocide, MPs tell firms

EXTRACT: Shell, one of a few western companies involved in Sudan’s fledgling oil industry, declined to comment on the call for disinvestment. THE ARTICLE Conal Walsh Sunday October 1, 2006 MPs from the influential House of Commons foreign affairs committee are urging British businesses with investments in Sudan to withdraw from the war-torn African country. […]

The Sunday Times: Letters to the Editor: Mob in charge

October 01, 2006   LAST Tuesday we saw the law being flouted by protesters at Bellanaboy. The Shell terminal there has been granted permission by Bord Pleanala, having gone through the process twice.   What was at issue last year, we are told, was a Shell pipeline through Rossport. But work at the terminal site […]