May 27, 2007, 10:32AM By JOHN PORRETTO Associated Press If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in 2005. The petroleum industry has spent nearly two years trying to repair [...]
Posts on ‘May 27th, 2007’
The Scotsman: Britain tells citizens to avoid Nigerian oil delta
Sunday 27 May 2007 LAGOS (Reuters) – Britain has advised its citizens against all travel to Nigeria’s oil-producing Niger Delta because of the high risk of kidnapping and armed robbery, the government said on its Web site. More than 180 foreign nationals, mostly oil workers, have been kidnapped in the region since the beginning of [...]
The Seattle Times: Gusher of job openings expected in oil industry
(CHUCK COOK / NNS: Brent Holmes, left, and Steve Dollison unhook a basket from a crane during a rigging class. Shell Oil Co. is working hard to attract young workers as aging employees retire. It trains workers at the company’s Robert Training Center northwest of New Orleans.) The great crew change is coming. By KATE [...]
The New York Times: Word For Word | Driving, Now and Then: Because We’re Not There Yet
May 27, 2007 By CHRIS CONWAY THE 1950s are considered the golden age of the automobile. Sales climbed. Fins, after-burner taillights and other jet-age accoutrements appeared on family cars. Drive-in restaurants, movies and even churches and funeral parlors became part of the landscape. And Americans were taking to the road as never before. To help [...]
Sunday Telegraph: Putin is heading for a worrying future
EXTRACT: Foreign investors have also felt the backlash. Having successfully reduced Shell’s stake in the Sakhalin-2 oil and gas field, Moscow now seems intent on doing the same to BP, which has a substantial interest in the Kovykta gas field. As before, the tactic is to accuse the foreign company of violating the terms of [...]
Press Trust of India: ONGC to acquire Shell’s 33% stake in Egypt
Sunday, May 27, 2007 (New Delhi): ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp (ONGC), plans to acquire Royal Dutch/Shell’s 33 per cent stake in a deep-sea gas field off Egypt for $160 million and bring the fuel in liquefied form (LNG) to India. Code-named ‘Project Wonder’, the North East [...]
The Sunday Times: Russia tries to burn BP
May 27, 2007 The oil giant could face the same fate as Shell at Sakhalin as Russia tries to take back control of its natural gasDominic O’Connell IN the summer of 2003 Vladimir Putin made the first state visit to Britain by a Russian leader since Tsar Alexander II came to see Queen Victoria in [...]
The Sunday Times: Don’t let Russia turn gas into a new weapon
EXTRACT: …the takeovers of Shell, BP and other assets hardly represent transactions at market prices. Putin takes his inspiration from Mario Puzo’s The Godfather rather than Adam Smith’s The Wealth of Nations, and makes potential sellers offers they just can’t refuse. THE ARTICLE May 27, 2007 American Account Irwin Stelzer WHAT do Mikhaïl Khodorkovsky, Mikhaïl [...]
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