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 [...]
Posts from ‘May, 2007’
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 [...]
Voice of America: Nigeria’s Ogoni People Resist Oil Companies
By Nico Colombant Ogoniland, Nigeria 26 May 2007 In Nigeria’s oil-rich Niger Delta, one area, Ogoniland in Rivers State, resists oil production. Residents there say oil companies refuse to meet their demands to redistribute wealth and protect the environment. VOA’s Nico Colombant reports. Young men walking along roads in Ogoniland stare menacingly at those [...]
MarketWatch: U.S. Native Whaling Interests Threatened Under Current Bush Administration’s 5-Year OCS Plan
Shell Oil and Gas Development Would Spell Disaster for the U.S. Whaling Traditions Already Stressed by Pass Activities ANCHORAGE, Alaska, May 25, 2007 /PRNewswire-USNewswire via COMTEX/ — Today, U.S. and Russian whalers and other Alaska Native leaders spoke with the public regarding continued threats to their whaling traditions. The briefing addressed Native concerns in light [...]
Petroleum News: Surveys say world’s oil reserves in ‘irreversible, worsening’ decline
Vol. 12, No. 21 Week of May 27, 2007 Major surveys conducted separately by Energy Intelligence and KPMG this spring confirm some of industry’s worst fears, most notably the fact company executives now overwhelmingly believe the world oil supply is being consumed faster than it can be replaced. “These executives are deeply concerned about declining [...]
The New York Times: Russia Putting on a Davos-Style Economic Forum to Showcase Its Growth
EXTRACT: Gazprom, the natural gas monopoly, acquired 50 percent of a Royal Dutch Shell development on Sakhalin Island in a forced sale last fall. That followed the effective nationalization of Yukos, once Russia’s largest private company. And recently, officials have threatened to revoke a major gas field license held by a joint venture of BP [...]
Daily Telegraph: Rebels in Nigeria take four Britons
By Mike Pflanz, Africa Correspondent Last Updated: 4:09am BST 26/05/2007 Four British contractors were kidnapped in Nigeria’s oil-rich delta region yesterday when militants attacked a boat ferrying workers laying pipes. Five other foreigners – three Americans, a South African and a Filipino – and one of their Nigerian colleagues were also taken hostage during the [...]
Associated Press: Analysts: Storms Could Affect Gas Prices
May 26, 2007 – 12:37am By JOHN PORRETTO AP Business Writer HOUSTON (AP) – 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 [...]
The Guardian: HSBC profits hit by customer charge revolt
Jill Treanor Saturday May 26, 2007 Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt. Following Barclays’ admission on Thursday, HSBC told shareholders at yesterday’s annual meeting: “In Europe, revenue growth is constrained as [...]
A Shell of Democracy
The views and opinions expressed in the article below do not necessarily reflect the views or opinions of the owners of this website or any endorsement or confirmation by us of any alleged facts or allegations. An article by Shawn Hattingh On the 16th of May 2007, Father Kukah visited the University Cape Town to [...]


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