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Posts on ‘June 2nd, 2007’

Sunday Telegraph: Hayward takes up Browne’s ‘green’ baton

Sylvia Pfeifer, Last Updated: 12:03am BST 03/06/2007 Tony Hayward, the new chief executive of BP, will tomorrow back the oil giant’s high-profile slogan “Beyond Petroleum” in a speech to world and business leaders in Berlin ahead of the G8 summit. In his first major speech since taking over from Lord Browne, Hayward is expected to [...]

The Sunday Times: Investors are right to be wary of Russia Agenda

June 3, 2007 John Waples, Business Editor THE impending $30 billion (£15 billion) flotation of Rusal will be the biggest gauge yet of institutional appetite for Russian companies – and it couldn’t come at a more testing time. On a political and business level, deep distrust has grown among western countries – particularly in America [...]

The Sunday Times: £15bn float for Russian metal giant

EXTRACT: The business relationship with Russia has also soured, mainly because of what UK companies believe is the unfair expropriation of oil and gas assets. Shell was this year pushed into the sale of a stake in its Sakhalin 2 gas project to Gazprom, the state-controlled gas group. Now TNK-BP is under similar pressure. June [...]

ARTICLE BY FORMER BRITISH AMBASSADOR, CRAIG MURRAY: Gazprom (*Russian boss of former Royal Dutch Shell Sakhalin-2 project)

  Gazprom HQ Moscow  By Craig Murray Writer and broadcaster As Britain’s outspoken Ambassador to the Central Asian Republic of Uzbekistan, Craig Murray helped expose vicious human rights abuses by the US-funded regime of Islam Karimov. He is now a prominent critic of Western policy in the region. THE ARTICLE: June 1, 2007 GAZPROM The [...]

ShellNews.net: more Sakhalin-2 insider allegations and an astonishing leaked email purportedly from David Greer

By Alfred Donovan Saturday 02 June 2007 I have recently received further extensive information from the source of the article… 14/05/2007: Are these astonishing allegations about Sakhalin-2 true or false? Further serious allegations have now been made by the same source. Some examples: – 1. The deliberate manipulation and fabrication of information supplied to SEIC [...]

Chicago Tribune: Troubles run deep on Gulf oil platform

By David Greising Posted on Sat, Jun. 02, 2007 THUNDER HORSE PLATFORM, Gulf of Mexico – The day after massive Hurricane Dennis churned through the Gulf of Mexico in July 2005, a commercial vessel traveling past BP PLC’s hulking Thunder Horse oil platform radioed the bad news to its owner: The platform’s top deck was [...]

Bloomberg: Nigerian Militants Release Six Chevron Oil Workers Held Hostage

By Karl Maier June 2 (Bloomberg) — Nigeria’s main militant group freed six Chevron Corp. workers held hostage since May 1, a spokesman for the group said. The Movement for the Emancipation of the Niger Delta, or MEND, handed the four Italians, one American and one Croatian over to the governor of Bayelsa state at [...]

Petroleum News: Oil sands boost Canadian proved reserves

Vol. 12, No. 22  Week of June 03, 2007 Alberta oil sands operators contributed another 1.79 billion barrels to Canada’s proved reserves in 2006, with only 68 million barrels resulting from acquisitions. The greatest gains came from in-situ deposits, which rose by 1.12 billion barrels to 3.2 billion barrels, while mining operations added 659 million [...]

THE WEEKLY STANDARD: Putin’s Oily Politics

Energy in the executive, Kremlin-style. by Irwin M. Stelzer 06/11/2007, Volume 012, Issue 37 What do Mikhail Khodorkovsky, Mikhail Gutseriev, and John Browne have in common? They all thought their desire for profits from Russia’s vast oil reserves trumped Vladimir Putin’s lust for power. Khodorkovsky now languishes in a Siberian jail. When his sentence is [...]

Financial Times: Lex Column: Seizure later

Published: June 2 2007 03:00 | Last updated: June 2 2007 03:00 When it comes to energy in Russia, timing is everything. In 1912, the Rothschilds swapped their Russian oil assets for big shareholdings in Royal Dutch and Shell. Five years later, during the revolution, the Nobel family fled and sold their one-third share of [...]

The Wall Street Journal: Kremlin Delays BP License Decision

Associated Press MOSCOW — Regulators postponed a decision Friday on revoking the license of BP PLC’s Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon. Before the meeting that could have seen the [...]

The New York Times: More Abductions In Nigerian Oil Delta, Siege Ends

By REUTERS PORT HARCOURT, Nigeria (Reuters) – Gunmen used dynamite and heavy machine guns to kidnap at least three senior managers of Indonesian chemical company Indorama in Nigeria’s southern oil-producing Niger Delta, police said on Friday. In a different area of the impoverished delta, community elders expelled protesters occupying a major oil export pipeline hub [...]

The Guardian: Truth about Kyoto: huge profits, little carbon saved

EXTRACT: A separate report by Open Europe, in July 2006, found that UK oil companies were also poised to make a lot of free money: £10.2m for Esso; £17.9m for BP; and £20.7m for Shell. And behind this profiteering, the environmental reality was that these major producers of carbon emissions were under no pressure from [...]

Daily Telegraph: Russia puts off ruling on BP licence

(The Gazprom building in Moscow: analysts still expect the company to take control of the Kovykta field) By Russell Hotten Last Updated: 12:19am BST 02/06/2007 Russian regulators have delayed a decision on the fate of BP’s involvement in the massive Kovykta gas field until after next week’s G8 summit of rich countries. The move may [...]

Daily Telegraph: Business comment: Chance for Europe to challenge Putin’s energy stance

By Russell Hotten Last Updated: 12:19am BST 02/06/2007 BP received a stay of execution on whether its Russian joint venture will continue to operate the vast Kovykta gas field, but no one should be in any doubt that the clock is ticking. TNK-BP’s involvement in Kovykta is going to cease or be substantially curtailed. President [...]