Posts on ‘November 24th, 2006’

MOSCOW, Nov 24 (Reuters) – Royal Dutch Shell’s (RDSa.L: Quote, Profile, Research) giant Sakhalin-2 project will go ahead, a Russian senator said on Friday, reacting to attempts by the state environmental watchdog to revoke the venture’s licences on ecological grounds. Nikolai Kosarev, deputy head of the natural resources and environment commission at the Federation Council, [...]

By Eduard Gismatullin Nov. 24 (Bloomberg) — Oil rose after a report that Eni SpA halted delivery of some Nigerian crude because of a militant attack and because traders said heating fuel demand will increase in the U.S. Rome-based Eni declared force majeure at the Okono/Okpoho offshore oilfield, Dow Jones Newswires reported, without saying where [...]

Last Update: 7:13 AM ET Nov 24, 2006 CALGARY (MarketWatch) — Shell Canada (SHC.T), the Canadian unit of Royal Dutch Shell (RDSB.LN), said Thursday that it’s considering building a new refinery near Sarnia, Ontario. The refinery would have a processing capacity of between 150,000-250,000 barrels of heavy crude a day, said Shell Canada Chief Executive [...]

By Garfield Reynolds Nov. 24 (Bloomberg) — Sibir Energy Plc, a U.K.-based oil company that operates in Russia, said production growth has revived after equipment failure slowed output at a field it runs with Royal Dutch Shell Plc. Sibir’s output has grown to 35,000 barrels a day, most of which comes from the Salym field [...]

By Emma Amaize Posted to the Web: Friday, November 24, 2006 WARRI —IDUWINI  Volunteer Force (IVF), a militant group in Bayelsa State, which has troubled the Shell Petroleum Development Company (SPDC) in recent times over alleged non-implementation of Memorandum of Understanding (MoU), yesterday, suspended its planned hostilities against the company following the intervention of the [...]

Published: Nov 24, 2006 70pc back Corrib, while majority say protesters ‘intimidating’ IT was always likely that the people of Mayo would baulk at the violent scenes involving protesters and gardai at the gates of Shell’s site at Bellanaboy Bridge. And now an opinion poll confirms that the vast majority of people (70pc) in the [...]

Published: Nov 24, 2006 THE findings of the RedC opinion poll published today show that people in Co Mayo still agree to differ on aspects of the Corrib gas pipeline controversy, but a vast majority express unequivocal disapproval for intimidation, manipulation and law breaking. That outcome is no more and no less than we would [...]

Published: Nov 24, 2006 A STRONG majority of the people in Co Mayo believe work on the controversial Shell Corrib gas pipeline should be allowed to continue unimpeded. After months of violent confrontations between protesters and gardai, an opinion poll has found that 70pc want the work to continue without interruption. The findings are a [...]

Published: Nov 24, 2006 HELSINKI – BP PLC chief executive John Browne said yesterday international oil companies should not expect to control Russia’s natural resources. “We have learned about the importance of oil and gas for national security,” Lord Browne said at the EU-Russia Industrialists Forum in Helsinki. Russian assets “will remain predominantly Russian assets.” [...]

By Ed Crooks in London: Published: November 24 2006 02:00 | Last updated: November 24 2006 02:00 Cairn Energy, the UK oil group, has sold 10 per cent of its Indian business to Petronas of Malaysia at a higher-than-expected price, raising the value of a planned initial public offering next month. Cairn now expects to [...]

November 24, 2006 Richard Beeston, Diplomatic Editor Poisoned spy defiant in final interview before his death… The poisoned Russian spy breathed defiance at the Kremlin as the effects of a mystery cocktail pushed him towards his death last night.   “I want to survive, just to show them,” Alexander Litvinenko said in an exclusive interview [...]

By REUTERS Published: November 23, 2006 Filed at 8:54 a.m. ET ABUJA (Reuters) – The death of a British hostage in Nigeria’s oil-producing south in a shootout between kidnappers and troops raises the stakes for oil workers but is unlikely to change much for the industry, security experts said on Thursday. The Briton, abducted from [...]

Last Updated: 1:43am GMT 24/11/2006 A round-up of headlines from across the financial sectors, provided by Bloomberg News. Energy • Cairn Energy, which is planning India’s second-largest initial share sale, sold a stake worth 37bn rupees (£433m) to Petronas and other investors, raising the value of the IPO by almost a fifth. • European energy [...]

By David Brown November 24, 2006 *Worker dies in clash with military *Armed militias control the region   The British worker shot dead in the oil-producing region of Nigeria this week was the first foreigner to be killed after being kidnapped. David Hunt, 58, died on Wednesday when his kidnappers were confronted by the Nigerian [...]