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Posts from ‘July, 2007’

IntelliBriefs: The Great Game : 21st Century Version

The rules of the game July 31, 2007 The current century began in an intensely violent manner and there are no signs of a let up. Two and a half deadly wars are being fought in our neighbourhood and threaten to spread further and may even affect India in the years ahead. These are the […]

The Moscow Times: Billion-Dollar Principles

Wednesday, August 1, 2007. Issue 3711. Page 7. By Yulia Latynina   The president and owner of Russneft, Mikhail Gutseriyev, wrote an open letter in which he accused authorities of “unprecedented persecution” in an effort to make him “more compliant.” Gutseriyev also announced that he would leave his post in order to keep the company […]

Tribune (Nigeria): Alamieyeseigha, Dokubo, Niger Delta and Nigeria’s oil industry

  Diepreye Alamieyeseigha, former Governor of Bayelsa State By Martin Ayankola, Lagos Former Bayelsa State Governor, Chief Diepreye Alamieyeseigha, was on Friday released from the Ikoyi Prisons, Lagos, following the expiration of the two-year jail sentence handed down to him on Thursday by a Federal High Court in Lagos. The release came after a plea […]

Financial Times: Falkland Islands upstream sector: Consolidation likely within the next year, sources say

By Oliver Adelman in London Published: July 31 2007 15:01 | Last updated: July 31 2007 15:01 Please email ft@mergermarket.com or call EMEA: + 44 (0)20 7059 6105 Americas: +1 212 686-5277 Asia-Pacific: +852 2158 9730 for further information on mergermarket and how to receive more articles like the one below. —————————————————————————————— Consolidation among the […]

Kansas City Star: Oil industry executives show hypocrisy on hot fuel

In their latest round of misleading statements about hot fuel, Big Oil executives made one thing clear: Their customers don’t matter. Testifying last week on Capitol Hill, the executives tried to convince Congress to let the companies continue selling gasoline from pumps that do not adjust for temperature. Shell Oil Vice President Hugh Cooley said […]

The Napa Valley Register: Help stop the drilling at ANWR

Tuesday, July 31, 2007 The Bush administration is opening the back door to the Arctic National Wildlife Refuge by letting Shell Oil begin drilling off the coastline this summer. This leaves the entire area vulnerable to a massive oil spill, which is inevitable. With only one oil spill, there will be a permanent toxic waste […]

Associated Press: Marathon Oil to buy Western Oil for $5.5B

Associated Press – July 31, 2007 10:25 AM ET HOUSTON (AP) – Marathon Oil has agreed to buy Western Oil Sands for $5.5 billion in cash and stock. The deal announced today would give Houston-based Marathon a stake in Canada’s oil sands market. As part of the deal, Western is required to spin off WesternZagros, […]

NewsMax.com: OPEC Gets $649 Billion Windfall on Oil Boom

Tuesday, July 31, 2007 10:07 a.m. EDT LONDON — OPEC’s oil and gas export revenue surged 22 percent to a record $649 billion in 2006 as crude prices hit an all-time high and the exporter group pumped close to full tilt, an OPEC report showed on Tuesday. In the world’s biggest oil exporter Saudi Arabia […]

The Mayo News: EU takes on Corrib controversy

Tuesday, 31 July 2007  Áine Ryan DR MARK GARAVAN was last week formally notified of the European Commission’s Environment Directorate’s intention to conduct a preliminary investigation into the Corrib gas project. Alleged breaches of several EU Directives were formally highlighted by Dr Garavan through the offices of the European Parliament’s Petitions Committee. The former Shell […]

BBC News: Nigerian gunmen seize Pakistani

Tuesday, 31 July 2007, 09:50 GMT 10:50 UK  Unknown gunmen in speedboats have kidnapped a Pakistani construction worker in Nigeria’s oil region. Seven men dressed in red seized the man, named as Tahri, in Bodo city in Ogoniland, security sources say. The man works for Italian firm Gitto. Such kidnappings are common in the region […]

Money Morning.com: Oil Companies Continue to Take Risks Despite Objections

By Jason Simpkins 31 July 2007 A group of U.S. pension funds, including the California Public Employees’ Retirement System (Calpers), the New York State Common Retirement Funds, and New York City Pension Funds, have leveled pointed criticisms at several oil and gas companies for their involvement in Iran’s energy sector.  The letter went out to […]

Reuters AlertNet: ANALYSIS-Nigerian delta peace moves to unlock oil output

31 Jul 2007 12:01:58 GMT Source: Reuters Background Nigeria violence More  By Tom Ashby LAGOS, July 31 (Reuters) – Nigeria’s new government and militant groups in the oil-producing Niger Delta are moving towards talks that could restore lost output from the world’s eighth-largest oil exporter. An 18-month campaign of guerrilla attacks on Western oil facilities […]

BankWatch.Org: Fight to defend the grey whales is not over

31 July 2007 Yesterday the participants of WWF whalewatching expedition returned to Moscow from Sakhalin.The preliminary results gathered during the expedition revealed that most likely construction works have rendered negative impacts on grey whales. In the immediate future WWF in partnership with other organizations is planning to analyze various data on this problem and to […]

Bloomberg: Rosneft Plans to Auction Some Oil-Export Volumes (Update1)

By Eduard Gismatullin July 31 (Bloomberg) — OAO Rosneft, Russia’s largest oil company, plans to offer customers crude and fuel exports at auctions to improve sales. The company is developing a set of regulations for tenders, which may be approved by the end of the year, said a Rosneft spokesman who declined to be identified. […]