EXTRACT: Large resources companies such as BP, Royal Dutch/Shell and RWE are also providing competition by tapping into their first-hand knowledge of the market to offer hedging services to their customers and third parties. “The competition is intense,” says Mr Bryce. THE ARTICLE By Kevin Morrison Published: February 27 2007 01:39 | Last updated: February [...]
Posts from ‘February, 2007’
New York Times: Iraqis Reach an Accord on Oil Revenues
By EDWARD WONG February 27, 2007 BAGHDAD, Feb. 26 — The Iraqi cabinet approved a draft of a law on Monday that would set guidelines for nationwide distribution of oil revenues and foreign investment in the immense oil industry. The endorsement reflected a major agreement among the country’s ethnic and sectarian political blocs on one [...]
New York Times: ‘Suits’ Join ‘Greens’ to Ride Renewables Wave
LONDON (Reuters) – Wind is filling the sails of the alternative energy industry after repeated past false starts, bringing big business and the green movement into an uneasy partnership — as investors smell money. Fears of hype and even a dotcom-style bubble cannot cloud their view that renewable energy’s day may have come, as the [...]
The Times: Cairn Energy pays its first dividend
February 27, 2007 Oil explorer transformed into a FTSE 100 stock by blockbuster Indian discovery, which could have been Shell’s, hands out £481 million Steve Hawkes Soaraway oil explorer Cairn Energy is handing nearly £500 million back to shareholders in its first ‘dividend’ payout. The group, transformed into a FTSE 100 blue-chip by a blockbuster [...]
The Tide (Nigeria): Shell earmarks N445m for host communities development
Shell Petroleum Development Company (SPDC) has earmarked an annual N445 million for the development of its host communities in DAA3 Cluster of Degema, Akuku-Toru and Asari-Toru Local Government areas of Rivers State. The amount is expected to be paid annually for a period of five years with effect from this year and in three installments [...]
Canoe.ca (Canada): Oilsands cash gets thumbs-up from Shell boss
UPDATED: 2007-02-26 15:22:22 MST By DOUG McINTYRE, SUN MEDIA Alberta’s three-year plan to spend almost $400 million to build up the booming oilsands region drew praise today from the president and CEO of petroleum giant Shell Canada. During a stop at the University of Calgary, Clive Mather said new infrastructure in rapidly-growing Fort McMurray [...]
Manila Standard Today (Philippines): Shell case goes back to tax court
By Rey E. Requejo The Court of Appeals has authorized the Court of Tax Appeals to proceed with the litigation of the case filed by Pilipinas Shell Petroleum Corp. seeking to stop the Bureau of Customs from collecting P1 billion in custom duties from the importation of crude oil in 1996. In an eight-page decision [...]
UVOnline.com, UK: Shell Petroleum aparently using UAVs for wildlife monitoring in Alaska
A website not owned by Shell Petroleum, but one which closely tracks the activities of that company, has issued a document detailing what it believes to be Shell’s plans in Alaska this year under the title “Alaska 2007 program takes shape; environment, communities high priorities”, and within the details on Wildlife Monitoring, we found it [...]
The Daily Sentinel (Colorado): Oil shale companies lag behind Shell
By MIKE McKIBBIN Tuesday, February 27, 2007 RIFLE — Community leaders and residents heard the latest about Shell Oil Exploration and Production’s oil shale test project in Rio Blanco County last week, but Rifle Mayor Keith Lambert wants to know what two other companies have planned as well. Those companies, Chevron and EGL Resources, are [...]
MosNews: Russia, Japan Pledge to Strengthen Energy Cooperation, Boost Trade
Created: 26.02.2007 15:39 MSK Japan and Russia pledged to strengthen reciprocal relations in oil and natural gas development and boost trade at a ministerial meeting, which took place in Tokyo on Monday, Feb. 26. Russian Energy Minister Viktor Khristenko and Japanese Foreign Minister Taro Aso discussed two oil and gas projects in Russia’s Sakhalin Island [...]
RIA Novosti: Sakhalin II shareholders urged to bring EBRD back into project
13:58 | 26/ 02/ 2007 TOKYO, February 26 (RIA Novosti) – Sakhalin II shareholders should work to restore financing from the European Bank for Reconstruction and Development for the hydrocarbon project off Russia’s Pacific coast, a Russian minister said Monday. The EBRD delayed its decision on a second loan to the oil and gas project, [...]
Reuters: Gazprom head to visit Tokyo, Russian bankers in town
Mon Feb 26, 2007 1:01am ET TOKYO, Feb 26 (Reuters) – Russia’s state gas monopoly Gazprom (GAZP.MM: Quote, Profile , Research) is expected to meet with executives of Japanese firms to discuss technical partnerships and fund-raising this week, sources familiar with the situation said on Monday. The talks coincide with a visit by Russia’s Energy [...]
BruDirect:com: Contradictions In Brunei’s Oil Town
By Wani Abdul Gapar Kuala Belait – Seria a dynamic oil town with sleepy coastal community. Nowhere one finds these two contradictions co-existing side by side for such a long period of time. The Brunei Times talked to some of the Seria residents and tried to find the reasons behind these contradictions. A Brunei Shell [...]
International Herald Tribune: Roughnecks get resort-style housing as oil producers battle labor shortage
By Joe Carroll Bloomberg News Monday, February 26, 2007 INUVIK, Northwest Territories: Donnie Lewis said he would quit the coldest, dirtiest job he had ever known — drilling in the oil-rich bogs of Canada for Suncor Energy — if it were not for the free private room, maid service and five-course meals. “I wouldn’t do [...]
Irish Times: 600 take part in Rossport protest
By Mark Rodden Published: Feb 26, 2007 Over 600 people took part in a Shell to Sea national demonstration in Dublin at the weekend to highlight continued opposition to the construction of the Corrib gas pipeline and terminal in Co Mayo. There was a strong Garda presence as protesters gathered at the Garden of Remembrance [...]


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