Wednesday, November 8, 2006. Issue 3535. Page 5. Reuters The Federal Service for Ecological, Technological and Atomic Inspection does not expect to clear the Sakhalin-1 project, led by ExxonMobil, for full-scale oil exports at least until December, an official said Tuesday. The news represents at least a 15-day delay from the agency’s previous plan, announced [...]
Posts on ‘November 7th, 2006’
The Wall Street Journal: Oil News Roundup: November 7, 2006 4:08 p.m.
THE WALL STREET JOURNAL ONLINE Crude-oil futures tumbled more than $1 a barrel on the New York Mercantile Exchange, settling at less than $59, after Kuwait’s oil minister said the market is balanced and that there will not necessarily be output cuts at OPEC’s December meeting. Here’s Tuesday’s roundup of oil and energy news: * [...]
The Wall Street Journal: Oil Industry Barely Boosted Investment in Production, IEA Says
By BHUSHAN BAHREE November 7, 2006 2:58 p.m. The world oil industry has barely increased its investment in oil and natural-gas production during the past five years after accounting for inflation, a new study finds, suggesting global energy prices are likely to face upward pressure in the years ahead. Data compiled by the International Energy [...]
MarketWatch: Rising costs jeopardize big oil, gas projects
By Jasmina Kelemen, MarketWatch Last Update: 6:29 PM ET Nov 7, 2006 HOUSTON (MarketWatch) — Even as their coffers swell with cash, oil companies are warning that rising costs could crimp spending on major projects needed to meet the world’s ever-growing demand for energy. Beginning with the price of steel going into a drill bit [...]
International Herald Tribune: Gazprom says wants to participate in Shell-led energy project in Russia, but talks still suspended
The Associated Press Published: November 7, 2006 MOSCOW: Russian gas monopoly Gazprom said Tuesday that it remains interested in joining a troubled multi-billion-dollar energy project led by Shell, but only if cost overruns and alleged ecological violations were resolved. OAO Gazprom’s deputy chairman Alexander Medvedev told reporters that talks with Royal Dutch Shell PLC and [...]
Houston Business Journal: Shell executive earns GHP award
10:30 AM CST Tuesday John Hofmeister, U.S. country chair and president with Shell Oil Co., has been named 2006 International Executive of the Year by the Greater Houston Partnership. Hofmeister will receive the award Nov. 8 at a luncheon at the Houston Club. “We are pleased to present this award to John for his leadership [...]
eluniversal.com: Shell: Fiscal stability is crucial for oil output
Royal Dutch Shell Chief Financial Officer Peter Voser believes oil corporations have started to cut investments in Venezuela MARÍA ELENA MATHEUS SPECIAL REPORT FOR EL UNIVERSAL Tuesday 7 November 2006 Washington.- Royal Dutch Shell Chief Financial Officer Peter Voser said “fiscal stability is vital for oil producer countries to attract the huge investment they need [...]
ShellNews.net: Imagine the prospect of BP’s Lord Browne & Shell’s Jeroen van der Veer sharing an American prison cell?
By Alfred Donovan In June 2004 newspapers were speculating that Shell exec, Jeroen van der Veer, might end up being jailed in the USA. This was after he had signed a Form 20F Declaration filed with the US Securities & Exchange Commission, which contained fraudulent hydrocarbon reserves figures designed to fool the market. http://shellnews.net/2004%20Documents/mailonsunday/mail_on_sunday6june.htm It [...]
Reuters: Russian prosecutors attack TNK-BP Rospan gas unit
Tuesday November 7, 10:26 PM MOSCOW, Nov 7 (Reuters) – Russian-British oil firm TNK-BP, half owned by BP Plc , came under new attacks on Tuesday as prosecutors asked to withdraw its top Siberian gas licences, which previously belonged to gas monopoly Gazprom. Prosecutors said in a statement the reason for the move was multiple [...]
ITAR-TASS: Gazprom confirms interest in Sakhalin-2 project
07.11.2006, 17.44 MOSCOW, November 7 (Itar-Tass) — Gazprom will resume negotiations on the accession to the Sakhalin-2 project with Shell, Mitsiu and Mitsubishi, Deputy CEO Alexander Medvedev said on Tuesday. “We will resume the negotiations as soon as we clarify two things, namely larger expenditures, which will naturally have an effect on the economic [...]
RIA Novosti: Gazprom says ready to join Sakhalin II when conflict settled
19:20 | 07/ 11/ 2006 MOSCOW, November 7 (RIA Novosti) – Gazprom is ready to join the Sakhalin II project, when cost disputes and environmental problems surrounding the vast Shell-led hydrocarbon project in Russia’s Far East are settled, a deputy board chairman of the state-controlled energy giant said Tuesday. The multibillion-dollar liquefied natural gas project [...]
Investors Chronicle: Addicted to high tar
SHELL IS TO BUY THE 22 PER CENT of tar sands oil producer Shell Canada that it does not already own for C$40 per share, or roughly C$7.7bn (£3.6bn). The tar sands sector is focused on the province of Alberta, where Shell Canada is producing 93,000 barrels of oil equivalent (boepd), and is set to [...]
Investors Chronicle: Oil’s well that ends well?
For the first time in ages, Shell has pumped out a slicker performance than its rival BP. Has the oil giant’s tanker finally turned itself around, asks Daniel O’Sullivan? Comment page 52: Oil & gas pages 52-53 CAN IT REALLY BE TRUE? The UK’s two oil majors have just updated investors on their latest progress, [...]
Investors Chronicle: OIL MAJORS FACE RUSSIAN PRESSURE
By Daniel O’Sullivan Oil & Gas A CHILL WIND IS blowing over supermajor oil companies working on large hydrocarbon projects in Russia under agreements struck in the 1990s. When these deals were signed, a weak Russian government desperately wanted to attract foreign investment into the sector. So the agreements typically granted the producing company a [...]
ShellNews.net: What is going on in Mayo is so sad.
By Mary Davey Tuesday 07 November 2006 What is going on in Mayo is so sad. Mayo is a beautiful and an ecologically distinct area in the west of Ireland. It is sacreligious that a company with an environmental record such as Shell’s should be allowed to set up shop there. Shell do not care [...]


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