Posts on ‘January 24th, 2007’

Judy Monchuk CALGARY (CP) – Shell Canada Ltd. (TSX:SHC), whose parent firm is attempting a full takeover of the Calgary based company, laid out its longterm vision for Alberta oilsands development Wednesday including increasing refining capacity to 700,000 barrels a day by 2020. The oilsands blueprint also includes plans to increase bitumen production to 770,000 [...]

Shell Canada has even more ambitious oil sands expansion plans than it previously disclosed. Thursday, January 25, 2007 The company said Wednesday that it intends to increase output from its oil sands mining and in-situ recovery projects in northern Alberta to 770,000 b/d and upgrading capacity to 700,000 b/d. This compares with earlier projections in [...]

Thursday, January 25, 2007. Issue 3582. Page 1. By Andrew McChesney Staff Writer�� Michael Probst / AP The World Economic Forum got under way Wednesday in Davos, Switzerland. � DAVOS, Switzerland — In a sharp reversal from the past few years, a high-powered Kremlin delegation led by First Deputy Prime Minister Dmitry Medvedev is at [...]

By Vitaliy Katsenelson, CFA Royal Dutch Shell’s $7.5 billion sale to Gazprom may have been coerced by the Russian government. Vitaliy Katsenelson looks at the Sakhalin-2 sale and examines the long-term implications if Russia disregards Western investment. I can’t say I was surprised to see that Royal Dutch Shell (NYSE: RDS.A) will be “selling” 50% [...]

Thursday, January 25, 2007 Surprise, surprise: The Kremlin has accused another foreign oil major of “environmental” violations that just might lead to the renegotiation of a billion-dollar contract signed under the previous regime in Moscow. One day, Western investors may realize that the incredible returns in Russia may be too good to be true. This [...]

Crude-oil futures rose to a two-week high of more than $55 a barrel Wednesday, reversing losses amid signs OPEC members are complying more with production cuts and as traders reassessed U.S. government inventory data. Here is Wednesday’s roundup of oil and energy news: * * * CONOCOPHILLIPS PROFIT FALLS: ConocoPhillips, kicking off the fourth-quarter earnings [...]

24.01.2007, 17.34 � YUZHNO SAKHALINSK, January 24 (Itar-Tass) — Russia�s Sakhalin region will extract 14.5 million tonnes of oil and four billion cubic metres of natural gas in 2007. Oil extraction in the offshore fields in the Sea of Okhotsk and on the island will exceed last year�s volume by nine million tonnes, according to [...]

Last Update: 2:19 PM ET Jan 23, 2007 ROME (MarketWatch) — Italy’s antitrust watchdog Tuesday said it has started a probe into possible price-fixing by nine oil companies, including Eni SpA (E) and the Italian units of Royal Dutch Shell PLC (RDSA), Total SA (TOT) and Exxon Mobil Corp. (XOM). The regulator said the nine [...]

January 24, 2007 – 07:27 a.m. (AP) – The 10 highest cartel fines the EU has levied against companies for price fixing: 1. Hoffmann La Roche AG, vitamins cartel, 2001: euro462 million 2. Siemens AG, power gear cartel, 2007: euro396.5 million 3. Eni SpA, synthetic rubber cartel, under appeal, 2006: euro272.25 million 4. Lafarge SA, [...]

Shell and Motiva Seek to Bring Greater Diversity to Shell-Branded Retail Network HOUSTON, Jan. 24 /PRNewswire/ — Shell Oil Products US (Shell) and Motiva Enterprises LLC (Motiva) along with the National Urban League, one of the nation’s oldest and largest African American community based organizations, today announced a collaborative effort to increase minority opportunities in [...]

Claudia Cattaneo And Sean Silcoff Wednesday, January 24, 2007 � Minority shareholders of Shell Canada Ltd. are considering holding talks directly with the company’s London-based parent to get a better takeout price for their shares, sources said yesterday. Royal Dutch Shell PLC, the Anglo-Dutch oil giant, increased its bid yesterday by 13% — to $45 [...]

By: Orla Hearns PROTESTORS against the Corrib gas project in Bellanaboy say they have been left in genuine fear following the unprecedented physical clashes with gardai at the terminal site last Friday. But the claims have been dismissed by Supt Joseph Gannon, Belmullet, who said last Friday�s events were another publicity stunt by the Shell [...]

AFX CNF Published: Jan 24, 2007 VELOSI SECURES EUROPEAN SHELL CONTRACT: The Velosi Group, a provider of quality assurance and quality control services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been awarded the Shell EP Europe Inspection and Expediting contract for a duration [...]

Bernardo V. Lopez, Published: Jan 24, 2007 Parts 1 and 2 of this series tackled the American initiative through Dick Cheney and gang to “encircle” Russia by bringing its former satellites into the NATO fold to access its energy resources. Part 3 tackles Russia’s response, an expansion of energy pipelines to service Eurasian countries, and [...]

Published: Jan 24, 2007 ROYAL DUTCH SHELL has raised its bid for the 22 per cent of Shell Canada it does not own to C$8.7 billion (GBP3.7 billion) from C$7.7 billion. The bid price was accepted by the Shell Canada board but some of its shareholders insisted it was worth C$9.6 billion.