By Adam Smallman Last Update: 7:41 AM ET Jun 27, 2007 VIENNA (MarketWatch) — The pace of gas deals in one-time pariah state Libya is to accelerate in early July when around 15 onshore and offshore areas are to go under the hammer. The move by the Libyan government is attracting companies of the caliber [...]
Posts on ‘June 27th, 2007’
Trade Arabia: Oil industry ‘faces reliability crisis’
Istanbul : Wed, 27 Jun 2007 The problem oil firms face in satisfying world demand is not a lack of supplies. It is more due to their lack of ability to unlock new production and distribute it to consumers reliably, an oil industry conference heard. ‘There is a lot of oil and gas out there, [...]
Financial Times: Lex Column: Big Oil under pressure
Published: June 27 2007 20:05 | Last updated: June 27 2007 20:05 What links the world’s largest listed company, riots in Tehran, and political attacks on the private equity industry? The curious, and longstanding relationship between politics and Big Oil. High crude prices stoke not just the profits of oil companies, but also politicians’ blood [...]
Financial Times: Exxon faces tricky talks over Sakhalin gas
By Isabel Gorst in Moscow and Ed Crooks in London Published: June 27 2007 21:16 | Last updated: June 27 2007 21:16 The next delicate negotiation looming for ExxonMobil is over the gas from its Sakhalin 1 project off the eastern coast of Russia. Gazprom this week urged Exxon to abandon plans to export the [...]
Resource Investor: Exxon continues fight against alternative energy bill
By Jon Nones 27 Jun 2007 at 12:50 PM ExxonMobil’s chairman and CEO Rex Tillerson says the proposed reform of U.S. energy policy passing through Congress “almost defies any sense of logical or rational thinking.” He remains sceptical about the potential development of biofuels in the U.S. The energy bill sets a target of [...]
ShellNews.net: Update on the allegations against Sakhalin Energy CEO, Ian Craig
By Alfred Donovan: Wednesday 27 June 2007 We have today received confirmation that the Sakhalin Public Prosecutors office has indeed conducted an investigation into allegations of bribery and corruption relating to Mr Craig and a number of companies, but has closed the case. There is no explanation given for reaching that decision. We can only [...]
The Australian: Woodside set to sidestep green protests
Nigel Wilson, Energy writer Thursday June 28, 2007 WOODSIDE is considering piping gas from its Browse Basin reservoirs to be processed on the Burrup Peninsula. The move would avoid a clash with conservationists over the possible destruction of fragile Kimberley ecosystems. Chief executive Don Voelte told the UBS energy and utilities conference in Sydney yesterday [...]
Reuters: Exxon, Shell to sell 18% stake in Nova Scotia’s Panuke project
Jun 27, 2007 CALGARY–Exxon Mobil Corp. and Royal Dutch Shell PLC want to sell their combined 18 per cent stake in the proposed $700 million Deep Panuke gas project off Nova Scotia’s Atlantic Coast, the broker handling the auction said yesterday. Bids on Exxon Mobil’s 12 per cent and Shell’s 6 per cent of the [...]
Expatica.com: The Permits Foundation: advocate for expat spouse employment
EXTRACT: As founder and manager of the Shell Group’s Spouse Employment Centre in The Hague, she is directly involved in planning the careers of expatriate partners/spouses. 27 June 2007 Work permit barriers for expat spouses can jeopardise a successful international assignment. But now there is an organisation tackling the trailing spouse permit issue. Patrick R. [...]
aftenposten.no: Hydro admits overrun: Hydro’s development at Ormen Lange will be nearly twice as expensive as expected.
Construction at Ormen Lange. PHOTO: CORNELIUS POPPE – SCANPIX (ARKIV) Hydro’s gas landing facility at Ormen Lange will cost NOK 17 billion (USD 2.86 billion) more than planned, financial daily Dagens Næringsliv reports. This is the cost for phase two of the development, which has risen in cost from NOK 20 billion to 37 [...]
Western People (Ireland): Native American Indians visit site of Corrib dispute
Wednesday, June 27, 2007 By: Daniel Hickey WHEN, in 1895, Glenamoy National School was built, chances are that the local north Mayo men who laid the bricks would never have imagined that, over 100 years into the future, that national school – now a community centre – would be playing host to a talk by [...]
Dominican Today: Shell admits it altered Dominican Refinery’s fuel invoices
June, 27 – 7:19 AM SANTO DOMINGO. – A report of the Shell oil firm on the denunciations of altered fuel purchase invoices in the Dominican Petroleum Refinery (Refidomsa) found “the control structure is inadequate for such an important task” and admits there were cases “the freight was influenced” in addition to “deficiencies of [...]
Voice of America News: Committee in US House Approves Iran Sanctions Measure
By Dan Robinson Washington 26 June 2007 In another step aimed at increasing the economic cost to Iran of its controversial nuclear enrichment program, a key congressional panel has approved legislation to impose sanctions on Iran’s energy sector. VOA’s Dan Robinson reports from Capitol Hill. The House of Representatives’ Foreign Affairs Committee approved the [...]
Dow Jones Newswires: US House Foreign Affairs Panel Passes Iran Sanctions Bill
EXTRACT: Several companies with multi-billion dollar operations in the U.S., or that are listed with the Securities and Exchange Commission, including Royal Dutch Shell PLC (RDSA), Norsk Hydro ASA (NHY.OS), Total SA (TOT) and China’s National Offshore Oil Corp. (CEO), are in negotiations for major oil and gas deals with Iran and could be hit [...]
Bloomberg: Cnooc Parent, Shell Borrow $2.9 Billion to Reduce Finance Costs
By Winnie Zhu June 27 (Bloomberg) — China National Offshore Oil Corp., the nation’s biggest offshore oil explorer, and Royal Dutch Shell Plc borrowed $2.9 billion from banks to reduce the cost of financing their petrochemical venture in southern China. The venture at Nanhai in Guangdong province borrowed $1.3 billion and 12.4 billion yuan ($1.6 [...]


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