Posts on ‘April 4th, 2007’

By Catherine Belton Published: April 5 2007 03:00 | Last updated: April 5 2007 03:00 When an Eni-led consortium walked out of yesterday’s Yukos auction with a bundle of prime gas assets for a knockdown price of just $5.83bn, it came as little surprise to hear soon afterwards that Gazprom would take control. The deal [...]

By Oscar Beard When I first met with John Monaghan during my time in Ireland, the first thing he mentioned was the pollution of the local water supply which was coming directly from the Shell/Statoil Corrib Gas Project at Bellanaboy Bridge. This has been reported before on Indymedia.ie. Now their latest reports are starting to [...]

(Amrik Ahluwalia holds a sample of crude oil and sand obtained from Shell Canada’s Alberta oil sands operations. Ahluwalia is heading up a team of 40 Shell Canada employees studying the feasibility of establishing a refinery for the oil, known as heavy crude, near Sarnia.) April 5, 2007 Oil & Gas BY MARY BAXTER Massive [...]

LONDON, April 4 /PRNewswire-FirstCall/ – ��������������������� FOR THE 12 MONTHS UP TO 13 MARCH 2007 �������������� Prospectus (Directive 2003/71/EC) Regulations 2005 ������������������� and paragraph 5.2 of the Prospectus Rules ��� This annual information update is filed pursuant to Prospectus Rule 5.2 made by the Financial Services Authority and not for any other purpose and by [...]

By JAD MOUAWAD Published: April 5, 2007 LAGOS, Nigeria, April 4 � A year after being forced to shut more than half of its oil operations in Nigeria because of militant violence, Royal Dutch Shell says that it has reached an agreement with local communities allowing it to return safely to the Niger Delta and [...]

CALGARY, Alberta�Oil major Royal Dutch Shell cut the size of Shell Canada Ltd.’s board as it takes control of the Canadian unit following the buyout of minority shareholders. Royal Dutch Shell said Wednesday that Shell Canada’s board of directors will be reduced to eight from 12 as the parent exercises its right to name the [...]

April 5, 2007 Carl Mortished, International Business Editor Gazprom is trying to revive foreign interest in its giant Shtokman gas development after Chevron announced that it was quitting the contest to take part in the $20 billion project. Chevron said yesterday that it no longer wished to take part in Shtokman, which is the world�s [...]

By Fred Pals April 4 (Bloomberg) — Royal Dutch Shell Plc’s 420,000- barrel-a-day Pernis refinery in Rotterdam had to shut down several units earlier today because of a power outage, a spokesman said. “There was a power outage at 2 a.m. and some units went off line,” Shell spokesman Wim van de Wiel said by [...]

By Caroline Byrne April 4 (Bloomberg) — Clifford Chance LLP, Freshfields Bruckhaus Deringer and Allen & Overy LLP, the three leading legal advisers on European mergers in the first quarter, see no slackening in the pace of takeovers in 2007. The number of European transactions in the first quarter rose 4.7 percent to 2,346 from [...]

By Oliver Klaus Last Update: 5:40 AM ET Apr 4, 2007 DUBAI (MarketWatch) — Occidental Petroleum Corp. will bid in mid-April for an estimated $10 billion sour gas development in Abu Dhabi while BG Group PLC will not pursue the project any further, company officials have said. Abu Dhabi National Oil Co., which produces almost [...]

By Amandeep Sandhu As the conflict over the British hostages held by Iran plays out, another conflict is taking place in the boardrooms of banks and oil companies. The United States is leading a quiet charge, focusing on the Iranian financial and energy sectors. While the US has had sanctions in place against Iran since [...]

Apr 04, 2007 ABUJA�Two Lebanese construction workers, a British oil worker and a Dutch security manager kidnapped in Nigeria’s oil-producing Niger Delta have been released, officials and industry sources said on Wednesday. Kidnappings for ransom or to press for benefits from oil firms are common in the lawless delta, which accounts for all oil production [...]

By Maria Levitov April 4 (Bloomberg) — The Russian government will consider within two months draft legislation to legally restrict foreign ownership of companies in strategic industries, including energy and metals. The bill will set up a commission chaired by the prime minister to reject foreign bids for majority stakes in Russian companies across 40 [...]

By Nasser Karimi, Associated Press Writer: April 4, 2007 TEHRAN, Iran –Iranian President Mahmoud Ahmadinejad said Wednesday that his government would free the 15 detained British sailors and marines as a gift to the British people. Ahmadinejad also gave medals of honor to the Iranian coast guards who intercepted the 15 British sailors and marines [...]

Italy’s energy giants Eni and Enel have won the latest auction of assets from bankrupt Russian oil firm Yukos. Their jointly owned unit, Enineftegas, has paid 151.5bn roubles ($5.8bn; �2.9bn) for Yukos’ gas production firms Arcticgas and Urengoil. The winning bid trumped rival offers, including one from Rosneft, Russia’s state-controlled oil firm. More Yukos assets [...]