Crude-oil prices rallied all day and finished above $55 a barrel Friday as freezing temperatures across the East Coast raised the prospects of increased heating-fuel consumption. Here is Friday’s roundup of oil and energy news: * * * BELARUS THREATENS NEW DUTIES: President Alexander Lukashenko threatened to slap fresh duties on Russian oil sent through [...]
Posts on ‘January 26th, 2007’
Petroleum News: Royal Dutch sweetens Shell Canada bid
Vol. 12, No. 4 Week of January 28, 2007 Company adds another C$1 billion to offer for minority shares; Jan. 23 C$45 per share offer replaces earlier offer of C$40 per share Gary Park For Petroleum News Three months after putting C$7.7 billion on the table, Royal Dutch Shell caved in to mounting pressure by [...]
Bloomberg: Shell Wins Conditional License for Irish Gas Refinery (Update2)
By Fergal O’Brien Jan. 26 (Bloomberg) — Royal Dutch Shell Plc’s proposed natural-gas refinery in western Ireland should be granted a license, subject to certain conditions, the country’s Environmental Protection Agency said. “Emissions from the refinery, when operated in accordance with the conditions of the proposed license, will not adversely affect human health or the [...]
MarketWatch: Shell still eyes Russian investments despite debacle – CEO
Last Update: 1:34 PM ET Jan 26, 2007 LONDON (MarketWatch) — Anglo-Dutch oil major Royal Dutch Shell PLC (RSDA.LN) intends to continue searching for new investment opportunities in Russia despite recent problems with the Russian government over the management of its Sakhalin-II oil and gas project, Shell’s Chief Executive Jeroen Van de Veer said Friday. [...]
MarketWatch: Russia’s ‘petro-confidence’ could lead to a fall: Critics say hardball tactics could come back to haunt Moscow
By William L. Watts, Last Update: 2:12 PM ET Jan 26, 2007 DAVOS, Switzerland (MarketWatch) — Alexander Medvedev went to Davos with the tall task of convincing European leaders and others that they have nothing to fear from the state-controlled Russian energy giant Gazprom. The company enraged European leaders earlier this month when it temporarily [...]
World Economic Forum: New Consortium Created To Develop Standard Framework For Company Reporting Of Climate Risks
EXTRACT: Jorma Ollila, Chairman, Royal Dutch/Shell Group, said, “This is a welcome effort to streamline the growing demands on companies and to improve objectivity for disclosure of climate-related information.” THE ARTICLE Davos, Switzerland, 26 January 2007 – The World Economic Forum announced today the formation of a new international partnership of seven organizations to establish [...]
News24.com: Militants kidnap more in Nigeria
26/01/2007 15:00 – (SA) Lagos – Six Chinese oil workers who went missing in an armed attack in Nigeria on Thursday are believed to have been abducted, bringing the number of hostages from that assault to nine, says an oil company source. There were now 38 foreign workers being held by four different armed groups [...]
Houston Chronicle: Gazprom Assures Europe on Gas Supplies
Jan. 26, 2007, 7:58AM By MATT MOORE AP Business Writer DAVOS, Switzerland — Russia’s OAO Gazprom sought to assure jittery Europeans on Friday that new deals for the sale of natural gas to Belarus and Ukraine would prevent any more disruptions to western Europe. But European Union Energy Commissioner Andris Piebalgs said the continent should [...]
MosNews: Shell Wants More Business in Russia Despite Sakhalin-2 Problems
Created: 26.01.2007 17:08 MSK (GMT +3), Updated: 17:08 MSK The chief executive of Royal Dutch Shell said on Friday, Jan. 26, the company will continue to seek new business in Russia, despite the fact that last year it had to cede part of its Sakhalin-2 project to state gas monopoly Gazprom. Jeroen Van der Veer [...]
Reuters: Shell set to post record profits
Fri Jan 26, 2007 9:37 AM GMT By Tom Bergin LONDON (Reuters) – Royal Dutch Shell is expected to post a 3 percent drop in its underlying fourth-quarter net profit on Thursday, due to easing oil prices and rising costs, but the oil major is still predicted to post a record-breaking $25 billion (13 billion [...]
Bloomberg: Gazprom Offers Chevron, Total Second Chance in Arctic (Update4)
By Stephen Voss and Lucian Kim Jan. 26 (Bloomberg) — OAO Gazprom, racing to develop natural-gas reserves, will discuss Russia’s biggest untapped deposit with the five foreign producers the company rejected in an earlier round of negotiations. Gazprom sent letters to companies including Chevron Corp. and Total SA, Deputy Chief Executive Officer Alexander Medvedev said [...]
Itar-Tass: Gazprom to ensure stable gas supply from Sakhalin-2 to Japan
26.01.2007, 10.34 TOKYO, January 26 (Itar-Tass) – Chairman of the board of directors of Russia’s natural gas monopoly Gazprom Alexei Miller has promised that the company will stick to stability of supplies to Japan of liquefied natural gas produced within the framework of the Sakhalin-2 project, Japanese Economy, Trade and Industry Minister Akira Amari [...]
ShellNews.net: leaked Shell email spells trouble for Irina Gordiyenko
By John Donovan As regular visitors to this website know, we receive a regular flow of leaked Shell emails and other information brought to our attention by Shell insiders. A substantial proportion relate to the subject of employee recruitment. For example, a few days ago we reported on Shell’s attempt to recruit a dozen investigators [...]
Associated Press: U.S. energy chief says gas tax would be ‘highly divisive’
EXTRACT: The Forum panel — which also included Azerbaijan President Ilham Aliyev, Ukrainian Prime Minister Victor Yanukovych, Gazprom deputy chief executive Alexander Medvedev, Exxon Mobil Corp. CEO Rex W. Tillerson and Royal Dutch Shell PLC CEO Jeroen van der Veer — covered a range of topics from climate change to the rise of state-owned producers. By: [...]
Houston Chronicle: Royal Dutch Shell honored for repairs
ENERGY Royal Dutch Shell earned the Offshore Energy Achievement Award for project of the year Thursday for restoration of its Mars oil and natural gas platform in the Gulf of Mexico after Hurricane Katrina wrought millions of dollars in damage. It’s the top honor among awards that recognize other offshore achievements such as geosciences and [...]


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