Posts on ‘February 5th, 2007’

Crude-oil futures ended a bit lower Monday after rallying to within five cents of $60 on forecasts of continued cold weather. Here is Monday’s roundup of oil and energy news: * * * CONOCO IN DISPUTE WITH CNOOC: ConocoPhillips has asked for arbitration in a dispute with Cnooc over costs incurred because of Beijing’s windfall [...]

EXTRACT: A company that is at the moment a prime candidate for such treatment is Royal Dutch Shell.  According to the Conflict Security Advisory Group (CSAG) – an independent market research firm whose Global Security Risk Monitor online database is the industry standard for assessing publicly traded companies that do business with terrorist-sponsoring regimes – this [...]

Posted on Feb 5th, 2007 with stocks: COP, RDS-B, XOM Stockerblog submits: Most investors have heard the news by now that Exxon Mobil (XOM) generated the highest net earnings last year for any American company, earning $39.5 billion. Articles on Yahoo Finance reported the earnings per hour of $4.5 million. On the radio, it was [...]

By Richard W. Behan, AlterNet. Posted February 5, 2007. An in-depth look at the wars in Iraq and Afghanistan, the events leading up to them, and the players who made them possible. THE ARTICLE In the Caspian Basin and beneath the deserts of Iraq, as many as 783 billion barrels of oil are waiting to [...]

Monday, February 05, 2007 0:16:46 AM ET Deutsche Bank LONDON, February 5 (newratings.com) – Analyst Lucas Herrmann of Deutsche Bank downgrades Royal Dutch Shell Plc (ticker: RDSA-EUR) from “buy” to “hold.” The target price has been reduced to 1,875p. In a research note published on February 2, the analyst mentions that the company has posted [...]

(The following is a reformatted version of a statement issued by Nederlandse Aardolie Maatschappij BV and sent via e- mail. The statement hasn’t been confirmed by the sender.) De overeenkomst houdt in dat EBN voor 40% financieel zal deelnemen in de mogelijke herontwikkeling van een deel (de zogeheten ‘solution gas drive area’) van het olieveld [...]

05/02/2007 Energy efficiency charity National Energy Action (NEA) has called on the government to cut consumer fuel prices as Royal Dutch Shell reported a year of record UK profits, the highest ever recorded by a UK oil company. The oil conglomerate’s annual profits hit £12.94 billion, representing 21 per cent growth over the last year. [...]

  (Richard Wiseman, Shell International Petroleum Company Ltd General Counsel – Mergers & Acquisitions). Article by John Donovan Monday 5 February 2007 We receive a fairly constant flow from Shell insiders of leaked confidential and often highly sensitive Royal Dutch Shell information, including emails, documents, reports and internal presentations. We have on occasion published a [...]

LONDON: 5 February 2007 Royal Dutch Shell Plc said it had signed a preliminary deal to develop a major Iranian gasfield in conjunction with Spain’s Repsol, despite growing US pressure not to invest in Iran. A Shell spokeswoman said that Shell had signed a deal on the upstream, gas production, side of its ‘Persian LNG’ [...]

VIENNA, Feb 5 Asia Pulse – Iran on Friday formally offered 17 new onshore and offshore oil blocks for development by foreign investors. A two-day meeting was held in Vienna attended by over 200 representatives of various international companies active in the field of oil inviting these companies to sign deals for exploration of Iran’s [...]

· City will want answers to Shah Deniz shutdown · Setback follows spate of problems with big projects Terry Macalister Monday February 5, 2007 BP has run into trouble with another of its prestige projects, the latest in a spate of misfiring schemes. The $4.2bn (£2.1bn) Shah Deniz gas field and associated pipeline in Azerbaijan [...]

By Roland Gribben Last Updated: 12:20am GMT 05/02/2007 Tony Hayward, BP’s chief executive in waiting, is looking at further restructuring programmes after implementing a break-up of his exploration and production responsibilities as he vets new candidates for top-level posts. The appointment of Andy Inglis, a rival to succeed Lord Browne as chief executive, to run [...]

EXTRACT: Pity poor Shell, which had its own plans for Block 18. Shell’s chief, Jeroen van der Veer, griped about the cut-throat competition last week, though he was careful not to accuse the Chinese openly of abusing state aid. “There are new players, some of them state-owned, prepared to pay top dollars,” he said. THE [...]

Posted to the web February 5, 2007 Juliana Taiwo Abuja The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed that 90 per cent of Niger Delta indigenes stand to lose their jobs in the region if the current insecurity and hostage taking persist. President of PENGASSAN, Comrade Peter Esele, told THISDAY [...]

Terry Macalister Monday February 5, 2007 Gale Norton, a former interior secretary for the Bush administration and a supporter of opening up the Arctic National Wildlife Refuge and other sensitive environmental landscapes for oil production, has taken up a senior legal post at Shell. The 52-year-old’s arrival is the latest in a series of controversial [...]