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Posts on ‘July 24th, 2007’

International Herald Tribune: Gunmen attack Nigeria oil official’s house, killing two family members

The Associated Press Tuesday, July 24, 2007 PORT HARCOURT, Nigeria: Gunmen on motorbikes stormed the house of a newly appointed energy official in oil-rich southern Nigeria late Monday and killed two of his family members, police said. Felix Ogbaudu, police commissioner for Rivers state, said Billy Braide had been holding a celebration following his appointment […]

Money Guzzlers: Big Oil Prepares to Announce Profits: Rhetoric and Reality Don’t Align When it Comes to Big Oil’s Investments

Published by Center for American Progress By Daniel J. Weiss, Anne Wingate July 23, 2007   This week the big five oil companies will release their second-quarter 2007 profit figures.[1] Due to near-record gasoline prices and persistently high crude oil prices, these net earnings will be like Christmas in July for senior executives and shareholders […]

IRIN AFRICA: NIGERIA: Guns, gangs, drugs feed growing delta violence

PORT HARCOURT, 24 July 2007 (IRIN) – Youths armed with pistols and Kalashnikovs barricaded all approaches to Victoria Street in Port Harcourt, the main city in Nigeria’s oil-rich Niger Delta, when a funeral took place there recently. With bandanas tied across their foreheads they searched people for weapons before letting them through. The funeral passed […]

FORMER SHELL INTERNATIONAL GROUP AUDITOR, BILL CAMPBELL, TAKES ACTION AGAINST SHELL

SELF-EXPLANATORY CORRESPONDENCE EMAIL FROM JOHN DONOVAN TO FORMER SHELL INTERNATIONAL GROUP AUDITOR, BILL CAMPBELL, COPIED TO SHELL (KEITH RUDDOCK, MICHIEL BRANDJES, JEROEN VAN DER VEER, JORMA OLLILA & MALCOLM BRINDED): 23 JULY 2007 Hello Bill The draft email just fits within the 4000 characters (including spaces) limit for sending email via The Houses of Parliament […]

Anchorage Daily News: Beaufort freeze has Shell on its toes

COURT RULING: Company will talk to critics and try to save the drilling season. By WESLEY LOY [email protected] Published: July 24, 2007 Last Modified: July 24, 2007 at 01:38 AM Dutch oil giant Shell is fighting to salvage its ambitious plan to drill for oil this year in Alaska’s remote Beaufort Sea. On one front, […]

London Evening Standard: New BP chief’s anger as profits slip

Robert Lea, Evening Standard 24 July 2007, 8:16am BP boss Tony Hayward has given his new production and refining chiefs a rocket as he today admitted to the City that the oil major is failing to perform. With profits down at the half year, production levels stagnant and refineries failing to take advantage of soaring […]

CALGARY HERALD: Ottawa offers $25M to Dene for pipeline

24 July 2007 Hurdles remain for natural gas project LISA SCHMIDT CALGARY HERALD Ottawa will pay $25 million to the Dene Tha’ First Nation to settle concerns over the Mackenzie Valley Pipeline, but hurdles still remain for the natural gas project. Under an agreement announced Monday, the Dene Tha’ will drop court action against the […]

MoneyCNN.com: 2ND UPDATE: BP Manages Small Profit Rise Despite Disruptions

July 24, 2007: 07:15 AM EST LONDON (Dow Jones) — BP on Tuesday reported a surprise rise in second-quarter profit, as the British oil giant said gains from the sale of assets offset disruptions at a U.S. refinery. BP (BP) said its quarterly profit rose 1.5% to $7.38 billion, or 38.18 cents a share, with […]

Hemscott.com: BP CEO sees ‘progress’ by end-2007, CFO to stay on until 2009

LONDON (Thomson Financial) – Tony Hayward, chief executive of BP PLC, is expecting progress in achieving a recovery in the oil major’s performance following a turbulent two years, marked by project delays and outages at its major US refineries. ‘I am determined that we should see progress by the end of the year and that […]

Reuters: BP CEO says not in merger talks with Shell

Tue Jul 24, 2007 10:30 AM BST LONDON, July 24 (Reuters) – Oil giant BP Plc said on Tuesday it was not in merger talks with rival Royal Dutch Shell, denying a perennial market rumour which resurfaced a few weeks ago. Chief Executive Tony Hayward also told reporters that BP had no plans to merge […]

Times Online: Tony Hayward attacks BP performance

July 24, 2007 Despite a surging oil price, production problems and refining outtages cut BP’s profits to $6bn between March and June: Steve Hawkes Tony Hayward admitted today that BP was falling behind its rivals as he delivered a profits fall in his first set of results since taking over as chief executive of the […]