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Posts from ‘January, 2007’

The Wall Street Journal: EU Targets Oil Firms In a Fresh Attempt To Reduce Emissions

By JULIANE VON REPPERT-BISMARCK January 31, 2007 5:56 p.m. BRUSSELS — The European Commission opened a second front in its fight against climate change with a call for binding rules that will force oil refiners to cut carbon-dioxide emissions from vehicle fuel 10% by 2020. The commission is facing resistance from Europe’s auto industry and […]

THE WALL STREET JOURNAL: OIL NEWS ROUNDUP: January 31, 2007 4:03 p.m.

Crude-oil futures surged to a new four-week high Wednesday after U.S. government data showed distillate inventories, which include heating oil, fell more than expected amid continued forecasts for cold U.S. weather. Here is Wednesday’s roundup of oil and energy news: * * * CNOOC UNDER PRESSURE: Domestic production troubles are putting pressure on Cnooc to […]

The Scotsman: Billionaire, benefactor … but is Bill Gates a force for good?

EXTRACT: An investigation of companies in which the foundation invests £16.8 billion led to accusations that it was profiting from firms whose activities contribute to the problems, such as poverty, debt and disease, that it was trying to solve.  IN EARLY January an investigation by the Los Angeles Times found that the foundation had invested […]

RIA Novosti: Decision on holding to develop offshore deposits possible in Q1

19:01 | 31/ 01/ 2007  ST. PETERSBURG, January 31 (RIA Novosti) – A decision on whether to set up a state holding to oversee the development of Russia’s offshore oil and gas deposits could be made in the first three months of 2007, a deputy natural resources minister said Wednesday. Russia has moved to tighten […]

The Times: Mirror, mirror on the wall, how can oil plan at all?

January 31, 2007 Carl Mortished: European Briefing   Every morning as he brushes his teeth, a European oil company chief is reminded of the big question: is his business more like a tube of toothpaste or a glass of water? If the latter, his job is to make money by being efficient, to keep the […]

PrimeNewswire.com: CO2 Tech Commissioned to Develop Anti-Global Warming Solutions for Sakhalin II Energy

Project a Joint Venture of Gazprom, Shell, Mitsui & Mitsubishi LONDON, Jan. 31, 2007 (PRIME NEWSWIRE) (PRIMEZONE) — CO2 Tech (Pink Sheets:CTTD) President, Ms. Helga Schotten, today announced that CO2 Tech, a UK-based provider of cutting-edge, anti-global warming technology solutions announced that CO2 was commissioned to perform environmental effects monitoring and analysis and develop environmental […]

wfaa.com (Texas): 32 Shell Oil employees hurt in bus-train crash

05:49 AM CST on Wednesday, January 31, 2007 HOUSTON – At least 32 Shell Oil Co. workers were injured early Tuesday when a train collided with a bus carrying contract employees at the company’s Deer Park refinery. The workers were taken to area hospitals for observation or treatment of injuries ranging from bumps and bruises […]

Sheffieldtoday.net: Caution for man in gas pipeline protest

A SHEFFIELD man was released with a police caution after mounting a balcony protest at the Irish Embassy in London over plans for a gas pipeline. The 26-year-old climbed on to the balcony of the ambassador’s office at the Embassy to protest against a controversial Shell gas pipeline in north Co Mayo. He initially refused […]

Associated Press: Russia OKs Draft Bill on Foreign Investors

By ALEX NICHOLSON 01.31.07, 7:13 AM ET   The Russian government gave tentative approval Wednesday to long-awaited draft legislation that would restrict foreign companies’ access to oil and gas fields and mineral deposits that are deemed strategic. The new regulations, which will also limit foreign access to over 40 sectors of the economy, such as military […]

Bloomberg: Train Hits Van at Houston Shell Refinery; Dozen Hurt (Update1)

By Barbara Powell Jan. 30 (Bloomberg) — A lone locomotive struck a van carrying Shell Oil Co. contract employees at a refinery near Houston, causing minor injuries to about a dozen workers. The accident in Deer Park, Texas, occurred about 7:40 a.m on Shell property, company spokeswoman Emily Oberton said. As many as a dozen […]

Western Mail (UK): Welsh firm wins hot contract in Russian oilfield

Jan 31 2007 David Williamson,   ONE of Russia’s most ambitious and controversial energy projects will use Welsh fire safety technology in a “seven-figure” link-up with Pontypool-based Flamgard. Its products will protect staff extracting oil and gas in sub-zero temperatures on the island of Sakhalin, north of Japan. The $20bn venture made headlines worldwide last […]

Dow Jones Newswires: US Govt Probe of Shell-Iran Deal May be Sanctions Test Case

By  Ian Talley: WASHINGTON The U.S. government will likely investigate to see if Royal Dutch Shell’s (RDSA) upstream services agreement for a $4.3 billion liquefied natural gas project in southern Iran violates its sanctions laws, a State department spokesman said Monday. The deal may become the next test case for the State Department, accused by […]

The Australian: US may punish Shell for Iran deal

Ed Crooks, London January 31, 2007 THE US authorities would “take a look at” a controversial agreement signed by Royal Dutch Shell which could ultimately lead to a multi-billion-dollar investment in Iran, a US State Department official said. Shell and its partner, Repsol of Spain, have signed a service agreement with the Iranian Government to […]

Financial Times: values must still matter to tomorrow’s companies

By Stuart Hampson: Published: January 31 2007 02:00 | Last updated: January 31 2007 02:00 An invitation in 1992 to join a group of leaders from 25 big UK companies to look at the role of business in a changing world would normally have seemed instantly resistible. But the facts that the invitation came from […]