Posts on ‘August 16th, 2007’

Posted on Aug. 16, 2007 By Pavel Romanov and Michael J. Economides Over the last several years, Russian gas production capacity has been growing mainly because of the Sakhalin projects, which have been very successful due to the professional management of the supermajors. Beyond Sakhalin, Russia’s gas production – as we have written many times [...]

16/08/2007 | Moscow News, №32 2007 Russian financial authorities are once again reminding international investors who is boss and who is just a guest in this country. Two recent events should give foreign investors food for thought: First, the checks on foreign-owned oil and gas companies initiated by environmental watchdog and nature conservation agency Rosprirodnadzor; [...]

By Eduard Gismatullin Aug. 16 (Bloomberg) — U.K. environmentalists campaigning against Royal Dutch Shell Plc’s oil and gas project in Russia began legal proceedings against the British government in an effort to prevent it from loaning funds to the venture. World Wildlife Fund, or WWF, and The Corner House, an environmental and social justice group, [...]

This Day (Lagos) 16 August 2007 Posted to the web 16 August 2007 Constance Ikokwu Washington, DC In a landmark development which could open the door for a flood of lawsuits against oil companies operating in the country, Chevron Nigeria Ltd is to stand trial later this year in the United States for the alleged [...]

Thursday, August 16 2007, 05 PM Shocks were felt in the Nevelsk District, Holmsk and Yuzhno-Sakhalinsk VLADIVOSTOK, August 15, vladivostoktimes.com The earthquake was registered in Sakhalin at the distance of 14 kilometers to the southwest of Nevelsk. As the press service of the Far Eastern Regional Center of Russian Emergency Ministry reported to RIA PrimaMedia, [...]

Malaysia, Brunei Work Toward a Deal That May Yield Cache By YEE KAI PIN August 16, 2007 SINGAPORE — Malaysia and Brunei are inching toward a maritime boundary agreement for an area west of Borneo island, a development that could potentially unlock Southeast Asia’s largest oil and natural-gas finds in just over a decade. After [...]

A satellite image of a depression in the Gulf of Mexico where wells account for a third of US oil By David Litterick, in New York Last Updated: 12:31am BST 16/08/2007   Oil prices jumped more than a dollar yesterday as the hurricane season began in earnest, with two tropical storms heading for deep-water oil [...]

August 16, 2007 Steve Hawkes Shell disclosed yesterday that it has evacuated nearly 200 workers from the Gulf of Mexico, amid escalating fears that the first major hurricane of the season could tear through the region by the end of the week. World oil prices surged, with US crude up $1.30 at $73.70 a barrel, [...]

· Campaigners says rare whales are at risk · Department denies underwriting scheme Terry Macalister Thursday August 16 2007 A government agency is to be taken to court by wildlife campaigners who argue that the Export Credit Guarantee Department is undermining Britain’s ethical foreign policy by giving financial support to a Russian gas project that [...]

Move aimed at increasing pressure on Tehran over its nuclear programme Ewen MacAskill in Washington Thursday August 16, 2007 The Bush administration is preparing to ramp up its confrontation with Iran by declaring part or all of the country’s Revolutionary Guard a “global terrorist” organisation and targeting its extensive financial interests. The move is extremely [...]

Martyn Wingrove, Published: Aug 16, 2007 NEXUS Energy has started its largest exploration and appraisal drilling campaign to date by probing the Fossetmaker prospect offshore Australia, writes Martyn Wingrove. The Australian independent is working closely with Anglo-Dutch oil major Shell on this drilling programme to find new hydrocarbon reserves close to existing fields. It is [...]

Martyn Wingrove, Published: Aug 16, 2007 THE countries that surround the Arctic are set for confrontation, as a race to secure the potential resources under the ice cap sets off a new cold war. The implications for energy and shipping are new streams of production and cargo. But the disputed claims, the nationalism of the [...]

By THE ASSOCIATED PRESS Published: August 16, 2007 Filed at 1:58 a.m. ET CORPUS CHRISTI, Texas (AP) — Some vacationers packed up while others vowed to wait out Tropical Storm Erin and its torrential rainfall as it headed for flood-weary Texas early Thursday. Erin was not expected to gain hurricane strength before making landfall Thursday [...]

By THE ASSOCIATED PRESS Published: August 16, 2007 A federal appeals court ruled that Royal Dutch Shell must further postpone plans for exploratory drilling off the northern coast of Alaska. The United States Court of Appeals for the Ninth Circuit, in San Francisco, also indicated that environmental and Alaska Native groups have a good chance [...]

JEANNETTE J. LEE Published: Aug 16, 2007 A U.S. appeals court ruled Wednesday that Royal Dutch Shell PLC must further postpone plans for exploratory drilling off the northern coast of Alaska. Shell has high hopes for oil resources in the area, which is not far from Prudhoe Bay, the United States’ most productive oil field. [...]