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Posts from ‘May, 2007’

The Wall Street Journal: BP May Lose Project To Russia Power Grab

Move Would Open Door To Gazprom and Tighten Kremlin Grip on Energy By GREGORY L. WHITE in Moscow and GUY CHAZAN in London June 1, 2007; Page A9 Russian regulators could move as early as today to revoke a production permit from a $20 billion BP PLC natural-gas project in Siberia, in a test case […]

The Guardian: Going green starts to gain momentum

Deborah Hargreaves Friday June 1, 2007 Consumers have more clout than they realise. Certainly, many companies have converted to green causes under sustained customer pressure. And while much of what the corporate sector says about climate change can be dismissed as hot air, there are the beginnings of some very real initiatives. Most leading companies […]

The Guardian: Iraq’s oil boom isn’t delayed, it’s relocated to Canada

As Baghdad burns, destabilising the entire region and sending the price of oil soaring, Calgary booms Naomi Klein Friday June 1, 2007 The invasion of Iraq has set off what could be the largest oil boom in history. All the signs are there: multinationals free to gobble up national firms at will, ship unlimited profits […]

Daily Telegraph: Ruling on BP licence in Siberia due today

By Russell Hotten Last Updated: 12:12am BST 01/06/2007 BP chief executive Tony Hayward has held talks with his counterpart at Russian energy monopoly Gazprom ahead of a meeting today that could decide the fate of the UK company’s involvement in the huge Kovykta gas field in Siberia. The agency that awards licences for exploration and […]

Toronto Star: Shell Canada CEO committed to pipeline

Jeffrey Jones reuters news agency CALGARY, Alberta–Royal Dutch Shell Plc’s Canadian unit is still committed to the idea of a $16.2 billion Arctic gas pipeline, but must be assured of better returns before going ahead, its outgoing chief executive said Thursday. Clive Mather, who retires next week as Shell absorbs its formerly publicly traded Canadian […]

allAfrica.com: Nigeria: Ogoni Youths Shut-in 150,000bpd Shell Output

Vanguard (Lagos) 1 June 2007 Hector Igbikiowubo IN yet another twist to the unfolding scenario in the Niger Delta, Kedere youths in Ogoniland have shut the valve on the Bomu manifold located on the Trans-Niger pipeline, effectively shutting-in 150,000 barrels per day of crude oil output from the Shell Petroleum Development Company operated joint venture. […]

The Moscow Times: BP Chief Flies In as Kovykta Deal Nears

EXTRACT: TNK-BP’s woes appear to mirror those faced by Shell at Sakhalin-2 last year. Shell and its Japanese partners sold a majority stake to Gazprom after months of pressure by Mitvol’s agency over purported environmental violations. Shell CEO Jeroen van der Veer met with Miller 10 days before agreeing to sell to Gazprom at a Dec. […]

The Economist: Trading thin air

May 31st 2007 From The Economist print edition The carbon market is working, but not bringing forth as much innovation as had been hoped EVERY year the average sow and her piglets produce 9.2 tonnes of carbon-dioxide equivalent through the methane emissions from their effluent. In the past, that has been a problem both for […]

The Economist: Dirty king coal

May 31st 2007 From The Economist print edition Scrubbing carbon from coal-fired power stations is possible but pricey THERE are two remarkable things about Sleipner T, a gas rig in the middle of the North Sea owned by Norway’s state-owned oil company, Statoil. One is the working conditions. Technicians get around NKr600,000 ($100,000) a year, […]

The Economist: The drive for low emissions

May 31st 2007 From The Economist print edition Car and fuel companies are investing in clean transport KEN LIVINGSTONE, the mayor of London, last year caused a mild panic among drivers who cruise the city’s narrow streets in “Chelsea tractors” (SUVs to the rest of the world). He announced that he was planning to charge […]

The Economist: Some you win, some you lose

EXTRACT: Last year, under duress, Royal Dutch Shell and its partners agreed to sell a majority stake in a big oil and gas project called Sakhalin II to Gazprom, the state-owned gas firm. May 31st 2007 From The Economist print edition The oil giant hopes to find gas in Libya, but may lose it in […]

Reuters: Pipeline leak shuts another 77,000 bpd in Nigeria

Thu May 31, 2007 5:32 PM BST LAGOS, May 31 (Reuters) – A leak on a major oil export pipeline in Nigeria has forced Royal Dutch Shell (RDSa.L: Quote, Profile , Research) to shut another 77,000 barrels per day, a spokesman said on Thursday. The pipeline leak occurred on May 25 on the Nembe pipeline […]

UpstreamOnline: Bomu protest enters third day

By Upstream staff A protest by villagers at the Bomu oil export pipeline complex in Nigeria entered a third day today and no crude was flowing through the facility, a protest leader said. Villagers from K-Dere occupied the pipeline hub at Bomu, which feeds the Bonny shipping terminal, on Tuesday and forced Shell to shut […]

The Business Online: Putin’s assault on BP shows why the UK must embrace nuclear energy

PERHAPS the greatest paradox in political economy is how countries endowed with the most bountiful natural resources almost invariably end up with deeply unsavoury regimes and the worst economic policies. In many cases, especially in Africa and the Middle East, this “resources curse” means that commodity-rich countries are also among the poorest, with many of […]