Posts on ‘March 5th, 2007’

MARCH 12, 2007   GLOBAL BUSINESS Harvard professor Michael Porter is helping to restructure the economy, but skepticism abounds Mohamed Zeyani is a baby-faced 27-year-old with slicked-back hair. He is also a new phenomenon in Muammar al Qaddafi’s Libya—an entrepreneur. With his 25-year-old brother Ali, Zeyani opened the Al Sahab Training Center three years ago in [...]

Some environmentalists oppose wind farms, such as this one in the Mojave Desert in California, because they consider the projects to be eyesores planted on near-pristine landscapes. (Toby Melville/Reuters) By John Donnelly, Globe Staff  WASHINGTON — Two of the world’s leading oil producers have almost overnight joined some of the biggest players in wind power [...]

Mon, 05 Mar 2007 Royal Dutch Shell said on Monday a major oil spill in a production facility in southern Nigeria had reduced output by 187 000 barrels per day. “There was a spill at Nembe Creek Trunk Line which led to a total output loss of 187 000 barrels per day. Ten flowstations were [...]

Mon, 05 Mar 2007 16:31  LONDON (AFX) – The UK Offshore Operators Association said it believes decommissioning liabilities may be hindering oil and gas investment in the North Sea. A spokeswoman for the UKOOA, which unites the companies operating in the North Sea such as BP PLC and Royal Dutch Shell PLC, said the current [...]

By Sheila McNulty Published: March 4 2007 22:03 | Last updated: March 4 2007 22:03 Susan Moore, BP’s regulatory affairs manager, finds herself at the centre of BP civil litigation arising from the Texas City refinery blast. On January 26 2007, she admitted in a sworn deposition to deleting documents after plaintiffs’ lawyers subpoenaed her [...]

Integrated Marketing Campaign Sheds Light on Engine Gunk and Encourages Consumers to ‘Stop Gunky Build-Up’ Last Update: 9:34 AM ET Mar 5, 2007 HOUSTON, March 5, 2007 /PRNewswire via COMTEX/ — Today Shell Oil Products US launched a $35 million integrated marketing campaign to let motorists know that “All Gasolines are not the Same.” The [...]

By Jim Polson March 5 (Bloomberg) — Inter Pipeline Fund agreed to buy the Corridor pipeline system in Alberta from Kinder Morgan Inc. for C$275 million ($233 million) to become the largest shipper of bitumen from the province’s oil sands. The Corridor system transports diluted bitumen, a heavy oil, from the Athabasca oil-sands project near [...]

By Robert Tuttle March 5 (Bloomberg) — A power outage at Royal Dutch Shell Plc.’s refinery in Wilmington, California, caused the release of chemicals into the air early today, according to a report on a state-administered Web site. A company spokesman was not immediately available for comment. The refinery has the capacity to process 98,500 [...]

By Benoit Faucon Last Update: 7:00 AM ET Mar 5, 2007 LONDON (MarketWatch) — Royal Dutch Shell PLC was told in November to improve safety on its Clipper 48 natural gas platform in the U.K. North Sea after failing to comply with its own maintenance strategy, according to a U.K. safety regulatory disclosure. “Shell have [...]

Monday March 5, 5:02 am ET  Shell Wins Permits to Explore for Gas Off Northwestern Australia SYDNEY, Australia (AP) — Royal Dutch Shell PLC said Monday it had won two permits to explore in the oil- and gas-rich undersea region off northwestern Australia. One of the permits, with Shell holding 50 percent equity and Nexus [...]

By Abdulla Fardan March 5 (Bloomberg) — Saudi Aramco Shell Refinery Co., in Jubail, Saudi Arabia will start a maintenance program for some of its units from tomorrow, the state-run Saudi Press Agency said. The 305,000-barrels-a-day joint venture known as Sasref will close the second crude distillation complex along with associated secondary plants, including a [...]

SHAWN MCCARTHY MOSCOW — The gleaming, 300-metre tower that would rise to dominate the historic czarist city of St. Petersburg is a testament to the power and influence of its owner, Russia’s state-owned energy company OAO Gazprom. There’s been opposition to the skyscraper development by local residents, and the United Nations Educational, Scientific and Cultural [...]

LONDON: The Iraqi cabinet’s recent endorsement of a legal framework for the oil sector removed a key hurdle to foreign investment, but Western oil companies do not expect Baghdad to lure them with giveaway terms. A consensus has formed on what future oil contracts should look like, oil executives say – despite a backdrop of [...]

EXTRACT: The Army leased parts of the plant to Shell Chemical Co., a division of Shell Oil that manufactured herbicides and insecticides. The Army ceased chemical weapons production in 1969, but Shell continued until 1982. Unaware of the poisoned soil, the prairie dogs, burrowing owls, snakes and golden eagles began to repossess the 27-square mile [...]

Iran is holding fire on ordering LNG tankers until it has cemented upstream deals, putting at risk its target of ordering ten vessels by 2010, reported Bloomberg. Iran plans to export 80m tonnes of LNG by 2012 but it has yet to confirm any purchasing agreements. Meanwhile, firms such as Total and Royal Dutch Shell [...]