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Posts on ‘October 28th, 2006’

The Observer: Big oil may have to get even bigger to survive: *Shell BP mega-merger?

Sunday October 29, 2006 The international giants are in trouble, with reserves shrinking, taxes and costs rising, and producing nations reneging on deals or nationalising their assets. The answer to their problems could be massive mergers, writes Oliver Morgan Multinational oil companies are having a tough time. Crude prices are falling, maintaining production is a […]

Business Week: Moscow’s Eco-Crusader Aims at Big Oil

By Jason Bush Oleg Mitvol, head of Russia’s EPA, is targeting the Sakhalin II oilfield and making enemies—possibly even in the Kremlin. He’s fast becoming one of Russia’s best-known public figures. His face is regularly on television, the pages of newspapers, and the covers of magazines. Now, his activities are making waves internationally, causing one […]

Petroleum News: Shell to head joint development of three Lower Tertiary fields in Gulf

By Ray Tyson Week of October 29, 2006 Shell Offshore and its partners in three Lower Tertiary discoveries in “ultra-deepwater” Gulf of Mexico have decided to combine the fields — Great White, Tobago and Slivertip — into a single hub development located in Alaminos Canyon, with first production “around the turn of the decade,” Shell […]

Petroleum News: Shell plans 4 Beaufort wells in ‘07

Two wells at Siv Ullig and two at another location north of Camden Bay; seismic planned for the Chukchi and Beaufort Alan Bailey Petroleum News Week of October 29, 2006 Shell is moving ahead with its exploration plans for the northern Alaska outer continental shelf. At the National Marine Fisheries Service’s annual Arctic Open Water […]

AP Worldstream: Protesting villagers in Nigeria vow to remain at Shell platforms until demands met

By: DAN UDOH, Published: Oct 28, 2006 Protesting villagers who took over three Shell oil platforms in Nigeria’s troubled southern delta region will not end their occupation of the facilities until their demands for aid are met, a community spokesman said Saturday. Members of the Kula community living near Royal Dutch Shell PLC’s Ekulama 1, […]

The Wall Street Journal: Oil News Roundup: October 27, 2006 4:11 p.m.

THE WALL STREET JOURNAL ONLINE October 27, 2006 4:11 p.m. Crude-oil futures rose, after reports of a terror alert in the Gulf region. Crude ended the day up 39 cents to $60.75 a barrel on the New York Mercantile Exchange. Here’s Friday’s roundup of oil and energy news: * * * CHEVRON’S $5 BILLION: Chevron […]

Petroleum News: Open season declared on oil sands majors

By Gary Park Week of October 29, 2006 The grab for control of Shell Canada could bring more of Canada’s largest oil and gas companies into play as global majors look for a slice of the oil sands action. In addition to Royal Dutch Shell’s hunger for assets in Alberta, BP and Marathon have dangled […]

Petroleum News: Shell’s C$7.7 billion bid no slam-dunk

Buying out Canadian assets could force Royal Dutch Shell to dig deeper; parent company wants to align Canadian decision-making Gary Park For Petroleum News Week of October 29, 2006 Royal Dutch Shell, still reeling from its 2004 reserves accounting scandal, is in a hurry to rearrange some of its global operations. It may be in […]

Daily Telegraph: Brokers’ say: *Royal Dutch Shell most likely bidder for BG

(Filed: 28/10/2006) BG Group Buy at 686p (this week’s price 702p) recommends Cazenove. Following highly leveraged bids for Western Gas Resources and Kerr McGee, along with stake building in Spanish oil group Repsol, Cazenove has reviewed the potential for a bid for BG Group. In conclusion, Cazenove believes that even a bid recommended by the […]

The Boston Globe: Shell executive sees gas supplies tightening

Saturday October 28, 2006 Taking a page from US Senator Hillary Rodham Clinton’s 2000 campaign “listening tour” across New York, Shell Oil Co. has launched a two-year, 50-city tour by senior executives aimed at improving communications — and defusing hostility to Big Oil and its recent record-breaking profits. Shell, which recently bought Texaco stations across […]

Calgary Sun: Shell names directors

Sat, October 28, 2006 UPDATED: 2006-10-28 01:27:53 MST By CP   Shell Canada Ltd. has added two blue-chip appointees to its board of directors as it contemplates being taken over by its international parent company. The integrated oil producer and gasoline retailer said yesterday it is expanding its board to 12 directors with the addition […]

Reuters: Shell Canada staffing seen shifting after buyout

27/10/06 By Jeffrey Jones CALGARY, Alberta (Reuters) – Shell Canada Ltd. looks headed for big staffing changes after its Anglo-Dutch parent buys out minority shares, but that may not mean across-the-board layoffs, industry watchers said Friday. Royal Dutch Shell Plc , one of the world’s biggest oil companies, is offering C$40 a share, or C$7.7 […]

RIA Novosti: Sakhalin II may be suspended in some sections – minister

17:45 | 27/ 10/ 2006  MOSCOW, October 27 (RIA Novosti) – The Shell-led Sakhalin II hydrocarbon project in Russia’s Far East could be suspended in some sections, Russia’s natural resources minister said Friday. The multibillion-dollar Sakhalin II project has been accused of inflicting large-scale damage to the ecosystem on Sakhalin’s, including illegal deforestation, the dumping […]

The Times: Rich pickings for the poor of Nigeria

October 28, 2006 By Carl Mortished Pipeline oil thefts, kidnappings and now the seizure of Shell’s pumping stations … just another crisis    IS IT extortion or just everyday business? Youths from two villages in the eastern Niger Delta were yesterday occupying several oil pumping stations belonging to Shell Petroleum Development Company (SPDC). The protesters […]

The Times: Shell ticking over nicely again

Saturday 28 October 2006 By Graham Searjeant BUSINESS COMMENTARY WITH dogged Dutch precision, Jeroen van der Veer is slowly and carefully repairing the engine at Royal Dutch Shell and yesterday its pistons could be heard firing with a good, regular beat. Problems have not disappeared and he gave no particular comfort on Sakhalin, where the […]

The Yomiuri Shimbun: *Sakhalin II partners surrender in face of Russian onslaught?

Actual headline: Russians get cut slack on Sakhalin / Companies to review oil, gas project to reduce burden on Moscow Saturday 28 October 2006 Royal Dutch Shell PLC, Mitsui & Co. and Mitsubishi Corp., which are leading oil and gas development off Sakhalin, Russia, have decided to drastically review the project plan to give favorable […]

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