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Posts on ‘August 16th, 2007’

Lloyds List: The new cold war

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 […]

The New York Times: Tropical Storm Erin Heads for Texas

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 […]

The New York Times: Alaska: Shell Must Postpone Drilling Plans

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 […]

AP Worldstream: Appeals court further postpones exploratory drilling off Alaska

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. […]

AFX Europe (Focus): Shell Alaska drilling project blocked by US appeals court

Published: Aug 16, 2007 ANCHORAGE, Alaska Thomson Financial – A federal appeals court ruled Wednesday that Royal Dutch Shell PLC must further postpone plans for exploratory drilling off the northern coast of Alaska. The 9th U.S. Circuit Court of Appeals also indicated that environmental and Alaska Native groups have a good chance of prevailing in […]

Financial Times: WWF pursues Sakhalin judicial review

By Ed Crooksand Michael Peel Published: August 16 2007 03:00 | Last updated: August 16 2007 03:00 Environmental groups have applied for a judicial review of official support for Royal Dutch Shell’s Sakhalin 2 oil-and-gas project off the far eastern coast of Russia, arguing that it in effect gave the backing of the UK government […]

Financial Times: A light touch or perhaps a soft one

By Chris Hughes Published: August 16 2007 03:00 | Last updated: August 16 2007 03:00 The Financial Services Authority likes to be seen as a light-touch regulator, but its record on bringing miscreants to book leaves it vulnerable to being labelled a soft-touch one as well. The City regulator regularly fines companies and individuals for […]

THISDAY ONLINE: N’Delta Crisis: Shell Loses $10.6bn

From Kingsley Nwezeh in Asaba, 08.16.2007 Following the escalating crisis in the Niger Delta region in the past few months, Shell Petroleum Development Company of Nigeria (SPDC) disclosed yesterday that it lost about $10.6 billion to the protracted kidnappings, killings and vandalisation of oil facilities which led  to the closure of its western oil production […]