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Posts on ‘August 13th, 2007’

Los Angeles Times: Iran’s politics deters foreign investment in energy

From the Associated Press August 13, 2007 CAIRO — The United States is on a concerted campaign to discourage foreign energy companies from doing business in Iran. But analysts say Iran’s investment woes are its own fault — it could dodge international pressure and attract more foreign money by simply offering better deals. “They are [...]

International Herald Tribune: The great Arctic oil rush

Published: August 12, 2007 For a brief moment it seemed that Admiral Robert Peary and Dr. Frederick Cook had risen from the mists to renew their race to the North Pole. On Aug. 2, a couple of Moscow legislators in a small submersible vessel deposited a Russian flag on the seabed two miles under the [...]

UpstreamOnline: Somalia offers players second chance

By Upstream staff Foreign players who declared force majeure and quit Somalia 16 years ago when the country descended into civil war will be given the chance to resume their activities under the country’s proposed hydrocarbons law, it emerged today. According to a parliamentary bill obtained by Reuters, companies that held concessions before 30 December [...]

UpstreamOnline: Malaysia and Brunei ‘settle differences’

By Upstream staff Malaysia and Brunei have reached a tentative deal to end a maritime border dispute that has halted exploration off Borneo for four years, sources in both countries said today. A joint proposal to resolve the boundary issue is expected to be publicly endorsed by the leaders of both countries tomorrow, and could [...]

Arabic Media Internet Network: Obstructing the War on Iran

By: Dr. Elias Akleh 13 August 2007 Many military officials, political analysts, and strategy study groups anticipated the war against Iran to be launched at the beginning of 2007, sometime between mid January and late April, when weather conditions would be ideal for aerial sorties and naval invasion. The signs were apparent with the heavy [...]

portfolio.com: Blackmail, Sex & Corporate Secrets

By Mimi Swartz  September 2007 Issue When a London tabloid threatened to out Lord Browne, the BP C.E.O. was forced to step down. Now, as the global oil giant struggles with a change in management and a crush of wrongful-death lawsuits, shareholders are learning that his company may also have been leading a double life. [...]

RIA Novosti: Outspoken environment official denies parliamentary ambitions

14:11 | 13/ 08/ 2007  MOSCOW, August 13 (RIA Novosti) – A senior environmental official, who presided over a series of high-profile probes, denied media reports Monday that he was in membership talks with a Kremlin-backed party and planned to run for parliament. Vedomosti daily said Monday referring to a party source that Just Russia [...]

DID ROYAL DUTCH SHELL OFFER A BRIBE TO OLEG MITVOL?

By John Donovan: 13 August 2007 PREFACE: The article below was supplied to the high command of the oil giant Royal Dutch Shell plc this morning including its Chief Executive, Jeroen van der Veer, its Chairman, Jorma Ollila and the Chief Executive of Shell Exploration & Production, Malcolm Brinded. The invitation with the article contained [...]

Gazprom.com: BOARD OF DIRECTORS ENDORSES RESTATED GAZPROM INVESTMENT PROGRAM AND BUDGET FOR 2007

The Board of Directors has endorsed a restated Gazprom Investment Program and Budget (Financial Plan) for 2007. In accordance with the endorsed updates in the Investment Program, total investments will amount to RUR 779.36 bln, RUR 249.98 up on the Investment Program approved in December 2006. At the same time, capital investments will account for [...]

BarentsObserver.com: Gazprom without money for Shtokman development

2007-08-13   The major investments placed in company acquisitions this year has forced Russian gas giant Gazprom to considerably cut its planned investments in the development of the Shtokman field. The cuts leave it up to French partner Total to invest in the huge project. In a meeting last Friday, Gazprom’s Board of Directors approved [...]

Convenience Store News: Senate Bill Requires Compensation for ‘Hot Fuel’

August 13, 2007 Sen. Claire McCaskill of Missouri introduced a bill last week that would give refiners and retailers five years to install temperature-measuring equipment at their pumps. The bill provides a subsidy to independent stations to purchase temperature-measuring nozzles. It also permits states to take separate, similar action. “This Senate action and separate House [...]

MACLEANS.CA: When it seems too good to be true: Alberta’s oil sands seem as strong as ever — until you dig

NICHOLAS KÖHLER | Monday August 13, 2007 Late last month, five trade unions representing 2,500 Alberta construction workers won strike mandates from their members, an unprecedented event: Alberta’s construction unions have been regulated since 1982 by a labour code so complex — or so business-friendly, in the unions’ view — that securing a strike mandate [...]

Sunday Mail (Scotland): WIDOW LEFT PENNILESS BY RED TAPE DELAYS

12 August 2007 A WIDOW faces financial ruin as she can’t prove her sailor husband is dead – more than a year after he went overboard. Merchant seaman Richard Yates, 49, died while working on a Shell gas tanker on a voyage from France to Africa. But police in Bermuda – where the vessel was [...]

Sunday Herald (Scotland): Oil firms urged to tackle wave of kidnappings

By John Bynorth Solicitor’s call comes as Briton held to ransom A LEADING adviser to the oil industry in Nigeria has demanded that British firms based in the country work more closely with the government and local communities to end the constant threat of kidnappings. Solicitor Leon Moller, who provides legal and practical advice to [...]

Bloomberg: Showa Shell Shares Rise the Most in 3 Years on Higher Forecast

By Megumi Yamanaka Aug. 13 (Bloomberg) — Shares of Showa Shell Sekiyu K.K., the Japanese unit of Royal Dutch Shell Plc, had their biggest gain in more than three years, after the company raised its profit forecast. The shares climbed as much as 88 yen, or 6.9 percent, to 1,357 yen and traded at 1,340 [...]