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Posts on ‘June 29th, 2007’

Daily Express (UK): Shell’s ‘hidden’ £60bn sparks bid talk

Market Report by David Shand 29 June 2007 SPECULATION of a big takeover in the oil sector was fuelled yesterday by a leading broker suggesting industry giant Shell was undervalued by £60 billion. Morgan Stanley claimed the “valuable businesses” of the oil super majors had been obscured by their conglomerate tag. It added: “Waiting for [...]

AP Worldstream: Oil boom, shifting global politics give Africa its best chance in decades

EDWARD HARRIS Published: Jun 29, 2007 Europe’s great powers once scrambled for dominance across vast, underdeveloped African lands rich in raw resources, including the scarlet palm oil used to grease the first cogs of the industrial revolution. A century later, a new group of nations are competing for a different valuable, viscous material, with Sub-Saharan [...]

Daily Telegraph: Royal Dutch Shell enjoys City upgrades

By Yvette Essen, Stock Markets Reporter Last Updated: 12:11pm BST 29/06/2007 Royal Dutch Shell was the subject of a second bullish note in as many days, causing the shares to become one of the biggest blue-chip risers in a unsettled market. Credit Suisse repeated its outperform rating on the shares, saying: “Although much of the [...]

fxstreet.com: The Energy Report (NO): The Axis is spinning

Fri, Jun 29 2007, 14:26 GMT by Phil Flynn Alaron What is the biggest threat to the world energy markets and the future security of all oil consuming nations? It is of course the “Axis of Oil”. And it seems as the weeks go on the “Axis of Oil” is spinning its errors faster and [...]

OilOnline: DONG Energy transports Shell natural gas

Friday, June 29, 2007 DONG Energy and Shell have signed a one-year agreement for the transportation of natural gas by Shell from the Danish Tyra field to the Danish market via DONG Energy’s North Sea offshore pipelines. Shell will begin to transport natural gas through DONG Energy’s offshore pipelines from 1 July 2007. By virtue [...]

New Europe: UK not to ignore human rights and democracy over energy

KAZAKHSTAN Interview with: Paul Brummell 29 June 2007 – Issue : 736   UK ambassador to Kazakhstan Paul Brummell talks to New Europe * Today, the United Kingdom is the third largest investor into Kazakh economy. The British companies are mainly active in the oil and gas sector, where the United Kingdom has been traditionally [...]

SHELL COMPLETES WELL AT ONYX SOUTHWEST GAS DISCOVERY IN NORWAY

(The following is a reformatted version of a statement issued by Norway’s Petroleum Directorate, obtained at http://www.npd.no. The statement was not confirmed with the sender.) Delimitation of gas discovery in the Norwegian Sea Press Release 24/2007 June 29 — A/S Norske Shell, operator of production licence 255, has concluded drilling of appraisal well 6406/9-2 on [...]

Reuters: BP files $5 billion Norwegian Sea oil and gas plan

Fri Jun 29, 2007 11:07 AM BST OSLO, June 29 (Reuters) – Britain’s BP (BP.L: Quote, Profile , Research) delivered to Norwegian authorities on Friday a $5 billion plan for development and operation of the Skarv and Idun oil and gas fields in the Norwegian Sea, the company and officials said. The production start-up is [...]

Dow Jones Newswires: BP Files $5 Billion Norwegian Skarv Oil And Gas Project Plan With Government

June 29, 2007: 06:55 AM EST STOCKHOLM -(Dow Jones)- The Norwegian ministry of petroleum and energy Friday said a consortium of oil companies led by BP PLC (BP) has submitted a plan to develop the Skarv and Idun field in the Norwegian Sea. In a separate statement, BP said the estimated cost of the project [...]

Bloomberg: Shell Says Chemical Makers Encounter `Fierce’ China Competition

By Trisha Huang June 29 (Bloomberg) — Competition among petrochemical makers is “fierce” in China where foreign companies investing in the country have to battle dominant domestic suppliers, said Royal Dutch Shell Plc, Europe’s largest oil company. “China’s domestic companies remain dominant producers and sellers in key markets,” Yu Dai, Shell International Eastern Petroleum Pte’s [...]

Reuters: Statoil, Shell shelve Draugen field CO2 injection

Fri Jun 29, 2007 4:07AM EDT (Reuters) – Energy groups Statoil and Shell have dropped plans to bury carbon dioxide (CO2) in the seabed beneath Shell’s Draugen field in the Norwegian Sea to enhance oil recovery because it is uneconomical, the companies said on Friday. The companies reached that conclusion in a joint feasibility study [...]

AFX News Limited: Statoil to increase Snorre field oil recovery to 55 pct from 45 pct

06.29.07, 4:55 AM ET   OSLO (Thomson Financial) – Statoil ASA said it is to boost the recovery of oil from its Snorre field in the North Sea to 55 pct from 45 pct, or by an extra 66 mln barrels, by investing 1.4 bln nkr in new technology and equipment. ‘Snorre is one of [...]

AFX News: Statoil, Shell scrap ‘carbon capture’ plans

Published : Fri, 29 Jun 2007 09:04   OSLO (Thomson Financial) – Norwegian oil group Statoil and Britain’s Shell said they are scrapping plans to use carbon dioxide (CO2) to increase oil production. An evaluation showed that ‘although the value chain is technically feasible, it is not commercial viable,’ Statoil said in a statement. The [...]

Gulf-Times (Qatar): India fuel prices may be due for increase

EXTRACT: Royal Dutch Shell has a license for 2,000 fuel stations, yet it has set up just 32 fuel stations. Published: Friday, 29 June, 2007, 01:56 AM Doha Time  By Nidhi Verma NEW DELHI: A rebound in global oil prices to 10-month highs may force India into another small yet unpopular fuel price increase next [...]

China Knowledge: Shell’s sixth plant to be built in Guangdong

Jun. 29, 2007 (China Knowledge) – Royal Dutch Shell plans to construct its mainland sixth lubricant-blending plant in Zhuhai, Guangdong province in order to tap on the rising demand in South China.  Shell’s latest addition is set to help capture the fast growing auto market in China, which reported an increase of 21% in passenger [...]