Posts on ‘July 23rd, 2007’

Terry Macalister Monday July 23, 2007 Shell has been forced to halt plans to start drilling in the Arctic by a court challenge from indigenous Alaskans and green groups who claim that polar bears and whales would be put at serious risk. The ban by the US court of appeal pending a hearing on the [...]

Mon Jul 23, 2007 12:15 PM BST LONDON, July 23 (Reuters) – A small amount of production has resumed at one of Royal Dutch Shell’s Forcados oilfields in Nigeria, a spokeswoman said on Monday. Shell said the South Bank flow station, which is connected to the Forcados oil export terminal, restarted production in April. At [...]

By Mark Shenk July 23 (Bloomberg) — The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away. Jeffrey Currie, a London-based commodity analyst at the world’s biggest securities firm, says $95 crude is likely this year unless OPEC unexpectedly increases production, and declining inventories are [...]

Matt O’Sullivan July 24, 2007 AUSTRALIA’s largest oil refiner, Caltex, is interested in buying refineries from some of its arch rivals, which are reluctant to invest here because of competition from bigger Asian plants. Royal Dutch Shell recently said its Australian business might decide against major investments at its Geelong plant in Victoria and Clyde [...]

Posted July 23, 2007 | 10:09 AM (EST) Once again The New York Times has come to the defense of the oil industry propagandizing a point of view certain to bring cheer to the American Petroleum Institute and all in the oil and refining business. See yesterday’s first page right hand column “Record Failures At [...]

SOUTHERN SASKATCHEWAN Leader-Post staff Shell Canada Ltd. is closing eight of its bulk fuel and lubricant outlets in southern Saskatchewan, and selling another six locations, a company spokeswoman said Thursday. “We’ve decided to close some of our agency locations in Saskatchewan,’’ said Jana Saunderson, a public affairs representative with Shell in Calgary. “The last day [...]

Published: Jul 23, 2007 Humanity is approaching an unprecedented crisis when not enough oil and gas will be produced to keep industrial civilisation running, the world’s top oilmen have warned. The warning which is being hailed as a ”tipping point” in Europe and North America marks the first time that the industry has accepted that [...]

Lorna Siggins, Western Correspondent, Irish Times Published: Jul 23, 2007 Mayo County Council has initiated legal action against the Rossport solidarity camp which was established over two years ago to support opponents of the Corrib gas project. An interim order against several named members of the camp was issued by the local authority on Friday [...]

By Barney Jopson in Nairobi Published: July 23 2007 03:00 | Last updated: July 23 2007 03:00 CNOOC’s willingness to strike an oil deal with the fragile government of Somalia, which has been a failed state for more than a decade, has provided stark evidence of China’s willingness to brave terrain that western oil majors [...]

EXTRACT: Energy analyst Fadel Gheit of Oppenheimer & Co. said he would like to see two giants of the industry he covers, Exxon Mobil and Royal Dutch Shell, begin to issue quarterly guidance. But without that, Mr. Gheit has kept “buy” ratings all year on both companies. He also owns their shares. THE ARTICLE Issuing [...]

July 23, 2007 Natural resources Down 0.9% BP, the oil group, will release a trading statement and its interim results today. The company has sought to play down a new dispute in the United States by insisting that a decision to freeze nearly £2 million in pay owing to Lord Browne of Madingley, its former [...]

By Trista Kelley and Sarah Jones July 23 (Bloomberg) — The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the market close on July 20. The benchmark FTSE 100 Index declined 55, or 0.8 percent, to 6585.20 in London. The FTSE All-Share [...]

(Tony Hayward has begun to stamp his mark on BP but he will have to address production problems) By Russell Hotten, Industry Editor Last Updated: 12:40am BST 23/07/2007 When Tony Hayward steps up to deliver BP’s second-quarter figures tomorrow, there will be as much interest in the person as the profits. Lord Browne of Madingley’s [...]

By Fred Pals and Stephen Voss   Fueling up July 23 (Bloomberg) — Exxon Mobil Corp. and Royal Dutch Shell Plc will probably say this week that second-quarter profit gained because of higher fuel prices, while oil refinery shutdowns may have hurt BP Plc. Exxon Mobil, the world’s biggest company by market value, will probably [...]

VICTORIA THOMSON   THE interim reporting season heats up this week when a raft of heavyweights from the banking, oil and pharmaceutical sectors are due to unveil figures. BP and Royal Dutch Shell report first-half profits figures after facing different challenges in an eventful quarter for the oil majors. The two firms report as the [...]