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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 [email protected] 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. —————————————————————————————— read moreLike this:Like […]

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. […]

Bloomberg:Chevron S. Africa Refinery Hit by Strike, Union Says (Update2)

By Mike Cohen July 31 (Bloomberg) — Workers at South African refineries owned by Chevron Corp. and PetroSA went on strike after their employers refused to meet their demands for an immediate 8.5 percent wage increase, the Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union said. Workers walked off the job at Chevron’s refinery […]

LATEST DONOVAN CORRESPONDENCE WITH SENIOR OFFICIALS OF ROYAL DUTCH SHELL PLC

Richard Wiseman, Shell International Petroleum Company Ltd General Counsel – Mergers & Acquisitions). EMAILS RECEIVED FROM MICHIEL BRANDJES, COMPANY SECRETARY AND CORPORATE COUNSEL —–Original Message—– From: Brandjes, Michiel CM RDS-LC Sent: vrijdag 20 juli 2007 8:26 To: ‘John Donovan’ Subject: RE: DATA PROTECTION ACT – SUBJECT ACCESS REQUEST Dear Mr Donovan, I have passed your […]

PR Newswire (US): Kline Study Shows Shell Retakes Top Spot in Global Lubricants Market in 2006

Published: Jul 30, 2007 LITTLE FALLS, N.J., July 30 /PRNewswire/ — Shell has reclaimed the number one position in the world lubricants market, according to data from a recently completed study by analysts at Kline & Company, a worldwide management consulting and market research firm. Volumetric data from Competitive Intelligence for the Global Lubricants Industry, […]

Polish News Bulletin: Petrolinwest’s Russian Purchase Upgrades Its Profile from Oil Exploration to Oil Extraction

EXTRACT: But the huge players can lose a lot in Russia too. The example of Shell or BP, who lost their licenses for gas extraction are good examples. The political risk is much higher. Published: Jul 31, 2007 Listed Petrolinwest has oil. On Thursday the Ryszard Krauze-controlled company, which has been holding licenses for oil […]

BBC Monitoring Service: Summary of Russian press for Tuesday 31 July 2007

Published: Jul 31, 2007 Kommersant 1. Nataliya Grib et al. report says businessman Mikhail Gutseriyev is giving up almost all his business in Russia, after announcing on 30 July that he is selling Russneft and stepping down as president of the company. He is also said to be selling Russkiy Ugol (Russian coal) and other […]

Financial Times: Oil group warned over delay to Kazakh project

By Isabel Gorst in Moscow Published: July 31 2007 03:00 | Last updated: July 31 2007 03:00 Kazakhstan has warned a foreign consortium led by Eni, the Italian oil company, that it will demand better terms at the giant Kashagan oilfield in the Caspian Sea to compensate for soaring costs and the delayed launch of […]

The Wall Street Journal: Australia Pushes Clean Coal

The Wall Street Journal: Australia Pushes Clean Coal Fears of a Backlash Against Top Export Drive Effort By PATRICK BARTA July 31, 2007; Page A6 SYDNEY, Australia — Australia’s efforts to protect one of its most vital industries in an age when “coal” is a dirty word place the country at the forefront of global […]

The Wall Street Journal: Don Putin: if you really wish to understand the Putin regime in depth… ‘The Godfather’ trilogy is a good place to start

The Wall Street Journal: Don Putin By GARRY KASPAROV July 26, 2007; Page A13 When Vladimir Putin took power in Russia in 2000, the burning question was: “Who is Putin?” It has now changed to: “What is the nature of Putin’s Russia?” This regime has been remarkably consistent in its behavior, yet foreign leaders and […]

The Wall Street Journal: Kazakhstan Presses Eni Group For Better Terms on Oil Project

By GUY CHAZAN July 31, 2007; Page A2 Kazakhstan became the latest oil-rich nation to toughen its stance toward Western investors when it accused a consortium developing one of the world’s biggest oil fields of breach of contract and said it wanted to change terms of the deal.   The move against a consortium of […]

The Wall Street Journal: U.S. Tries to Avoid EU’s Carbon-Trading Woes

By ERICA HERRERO-MARTINEZ July 31, 2007 LONDON — European officials are urging air-pollution authorities in several U.S. states to avoid the problems that have plagued Europe’s system for trading carbon-emissions credits since it was set up 2½ years ago. The U.S. doesn’t plan to introduce a nationwide emissions-trading system, but 10 Northeastern states are trying […]

The New York Times: Russian Oil Magnate Forced to Sell to Putin Loyalist, He Says

By ANDREW E. KRAMER July 31, 2007 MOSCOW, July 30 — The owner of Russneft, one of Russia’s largest private oil companies, confirmed Monday that he would sell the business to an investor loyal to the Kremlin, but he added in an open letter that the sale was not voluntary. Mikhail S. Gutseriev, who was […]

Daily Telegraph: BP turns focus on Russian satellites

By Roland Gribben Last Updated: 1:07am BST 31/07/2007 BP has set its sights on breaking into the Kazakhstan and Turkmenistan oil provinces after setbacks in Russia where a heavy tax bill is adding to its headaches. Robert Dudley, chief executive of TNK-BP, the Anglo-Russian oil group 50pc owned by BP, is anxious to widen the […]

My FOX St. LOUIS: Text: Shell Oil Says ‘Don’t Blame Us’

Last Edited: Monday, 30 Jul 2007, 11:16 PM CDT  By: Sean Conroy (KTVI-myFOXstl.com): While 2 dollars and sixty cents a gallon brings cheers at the pumps that is still among the highest price per gallon we have paid recently.  “I’m as upset as Joe Consumer because I pay the same price on gasoline that he […]

Safety Czar for Shell

THE WALL STREET JOURNAL  JULY 30, 2007, 2:05 PM ET Shell appointed a global safety executive, after suffering 37 fatalities in 2006, more than double the number had by its major competitors. Kieron McFadyen, a 20-year company veteran, was appointed to instill safety standards and assess risk, especially for remote locations, where the majority of fatalities occurred. “As our portfolio […]

Bloomberg: Shell to Build New Oil Plant for Up to C$27 Billion (Update1)

By Sonja Franklin July 30 (Bloomberg) — Royal Dutch Shell Plc’s Canadian unit is seeking to build a new plant for as much as C$27 billion ($25 billion) to process bitumen from Alberta’s oil sands and supply North American refineries. The Scotford Upgrader 2 Project, to be located next to existing facilities near Fort Saskatchewan, […]

Reuters: UPDATE 1-Shell applies to build C$27 bln oil sands plant

Mon Jul 30, 2007 9:20 PM BST (Adds details) CALGARY, Alberta, July 30 (Reuters) – Royal Dutch Shell Plc has applied to build a massive oil sands upgrading complex at the site of its Edmonton, Alberta, refinery that could cost as much as C$27 billion ($25 billion), putting it among Canada’s costliest projects, it said […]

Reuters: UPDATE 1-Williams to build pipelines to Perdido hub

Mon Jul 30, 2007 8:50 PM BST (Adds new details, background) NEW YORK, July 30 (Reuters) – Williams Cos. Inc. said on Monday it plans to spend $480 million to build pipelines to the Perdido hub, a floating production facility that Royal Dutch Shell, Chevron Corp and BP Plc are building in the deepwater Gulf of […]

OilWeek: Shell Canada files regulatory application for Scotford Upgrader 2 (Shell-Canada)

Jul 30, 2007 2:17:00 PM MST   CALGARY (CP) _ Shell Canada says it has filed a regulatory application for a new upgrading facility adjacent to its existing facilities in the Fort Saskatchewan area, east of Edmonton. The company said Monday that the proposed Scotford Upgrader 2 will be constructed in four phases and process […]

ShellNews.net: Battle with Shell for the domain name: royaldutchshellplc.com

30 July 2007 In May 2005, Shell issued proceedings via The World Intellectual Property Organisation against the co-owner of this website, Alfred Donovan. The purpose was to try to seize three Shell related domain names including royaldutchshellplc.com and www.royaldutchshellgroup.com Shell gave the impression in its submission to the WIPO that it wanted to use the […]

Brilliant article by Derek Brower: What Shell’s deal with Rosneft says about the oil world’s balance of power

  Article By Derek Brower, journalist AS A beaten dog loves his master, so Shell loves Russia. However else does one explain the company’s attitude towards the authorities in Moscow? Humiliated last year on Sakhalin, the company’s first response was to grovel words of thanks to its tormentors in the Kremlin. Now it has followed […]

Reuters: Big Oil spends more, pumps fewer barrels

Mon Jul 30, 2007 8:00AM EDT By Alex Lawler – Analysis LONDON (Reuters) – The world’s three largest fully publicly traded oil firms are investing billions of dollars more this year and the extra spending has yet to result in higher production. Exxon Mobil Corp., Royal Dutch Shell Plc and BP Plc posted falling second-quarter output, even […]

CNNMoney.com: Nigerian Forcados Force Majeure Still In Place – Shell

July 30, 2007: 08:52 AM EST LONDON -(Dow Jones)- Royal Dutch Shell PLC PLC (RDSB.LN) said Monday a force majeure on exports from the Forcados oil tanker loading terminal in Nigeria is still in effect despite the first cargo sent in more than a year from the facility in recent weeks. “We did one crude […]

Hemscott / AFX News: Shell declines to comment on impact of Kashagan delay, contract review

LONDON (Thomson Financial) – Royal Dutch Shell PLC would not comment on reports the Kazakhstan authorities will review the Kashagan oil field contract, in which Shell holds a 18.52 pct stake, after operator ENI SpA announced further delays to the project. A Shell spokesman said he would also not comment on how the impact of […]

Bloomberg: Crude Falls From One-Year High on Speculation Gains Unjustified

By Eduard Gismatullin July 30 (Bloomberg) — Crude oil slipped from a one-year high in New York as some traders speculated last week’s gains were unjustified. Oil rose 2.8 percent on July 27 after the U.S. government said the nation’s economy expanded 3.4 percent last quarter, the fastest pace in more than a year. Asian […]

Bloomberg: Woodside Needs to Expand Pluto LNG to Raise Returns (Update1)

By Angela Macdonald-Smith July 30 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, will need to expand its proposed A$12 billion ($10.2 billion) Pluto liquefied natural gas project to improve returns on the investment, analysts said. The Perth-based company needs to add a second and third LNG production unit to the project […]

allAfrica.com: Nigeria: Oil Communities Rise Against Shell

Vanguard (Lagos) 30 July 2007 Emma Amaize Warri OIL producing communities in Ogbe-Ijoh Kingdom, Warri South-West local government area of Delta State, weekend, barred the Shell Petroleum Development Company (SPDC) from resuming oil exploration and exploitation activities in their area until the rift between the kingdom and the Delta State Oil Producing Areas Development Commission […]