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Posts on ‘August 27th, 2007’

Forbes: Kazakhstan Not Doing Eni Good

Parmy Olson, 08.27.07, 12:45 PM ET LONDON – Italian energy firm Eni has kicked off crucial negotiations with Kazakhstan at a time when one of its biggest-ever oil production projects appears to be in danger. The Kazakh government announced Monday that it was suspending operations at its Kashagan oilfield for three months because Eni, the [...]

Bernama, Malaysia: Petronas, ExxonMobil & Shell Create Merdeka Award (* will Dr John Huong be Shell’s first nomination?)

August 27, 2007 20:52 PM KUALA LUMPUR, Aug 27 (Bernama) — National oil company Petronas and two major oil and gas companies, ExxonMobil and Shell, have set up a RM50 million trust fund for what is described as Malaysia’s most prestigious award, the Merdeka Award, to specifically celebrate, honour and reward excellence. The award is [...]

Belfast Telegraph: Shell to Sea protestors block Corrib gas refinery site

Monday, August 27, 2007 More than 40 Shell to Sea protesters are blocking trucks from entering the proposed Corrib gas refinery site in north Mayo. Twenty of them entered the site this morning before being asked to leave by the Gardai, who are now calling for back-up to deal with the blockade. A spokesperson for [...]

Royal Dutch Shell Plc: 7-Eleven and Shell join forces at 269 petrol stations

27 Aug 2007  Royal Dutch Shell (Shell) and Reitan Group (Reitan), owner of the 7-Eleven brand in Scandinavia, today signed an agreement to rebrand a planned 269 service stations across Norway, Sweden and Denmark.   The agreement means these service stations will provide both Shell’s premium fuels and 7-Eleven convenience stores. The agreement covers a planned [...]

Financial Times: Saudis set up force to guard oil plants

By Andrew England in Cairo Published: August 26 2007 22:04 | Last updated: August 26 2007 22:04 Saudi Arabia has begun setting up a 35,000-strong security force to protect its oil infrastructure from potential attacks. The move underlines the kingdom’s growing concern about its oil installations after threats from al-Qaeda to attack facilities in the [...]

Bloomberg: Kazakhstan Orders Eni to Halt Work on Biggest Field (Update4)

By Nariman Gizitdinov and Greg Walters Aug. 27 (Bloomberg) — Kazakhstan ordered Eni SpA to halt work at the world’s biggest oil discovery in 30 years as the Central Asian country follows Russia’s lead in seeking greater control over its natural resources. The Eni-led Kashagan development was suspended for at least three months because of [...]

The Bakersfield Californian: Florez calls for action against Shell

Photo by Henry A. Barrios Shell Oil ceased operations at its Bakersfield refinery on Sept. 30, 2004. The Rosedale Highway refinery, pictured in 2003, was the largest in Bakersfield. BY STACEY SHEPARD, Californian staff writer, e-mail: sshepard@bakersfield.com | Monday, Aug 27 2007 2:27 PM State Sen. Dean Florez has asked the state’s attorney general to [...]

Gulf Times (Qatar): Western oil firms face growing troubles in African countries

Published: Monday, 27 August, 2007, 05:31 AM Doha Time   COTONOU, Benin: Big foreign oil companies are finding it harder to make money in Africa because of the region’s often unstable politics, output restrictions and moves by some governments to rewrite contracts. Africa remains one of the last big regions open to foreign oil exploration, [...]

Houston Chronicle: Shell busy with fleet updates

Aug. 27, 2007, 7:48PM Moneymakers Five questions with Bob Salmon Shell busy with fleet updates By BILL HENSEL JR. Copyright 2007 Houston Chronicle Bob Salmon moved to Houston two years ago to become general manager of shipping for Shell Trading U.S., which provides various hydrocarbon products and services, including shipping. A native of Wales, he [...]

Reuters: Kazakhstan suspends Kashagan oilfield

Mon Aug 27, 2007 7:44 AM BST By Raushan Nurshayeva ASTANA (Reuters) – Kazakhstan suspended work at the huge Kashagan oilfield for at least three months on Monday, raising the stakes in the long-delayed project developed by a consortium of Western oil majors. The project’s start-up delays and cost overruns have long irked Kazakhstan. It [...]

Financial Times: Turkmen leader’s visit points to more openness with west

By Isabel Gorst in Moscow Published: August 27 2007 03:00 | Last updated: August 27 2007 03:00 The president of Turkmenistan, Gurbanguly Berdymukhammedov, is to visit the west for the first time since taking power when he attends the United Nations’ General Assembly in New York next month. The move indicates that the central Asian [...]

Alaska Journal of Commerce: Shell’s offshore drill plans drown in court battle: Drilling by Shell in 2008 may now be in doubt…

The Nanuq, a 200-foot oil spill response and support vessel, sits at Dutch Harbor waiting to support Shell’s Beaufort Sea exploration. ASRC Energy Services crews the vessel for Shell. Photo courtesy of Shell Offshore Inc.   Web posted August 26, 2007 By Tim Bradner Alaska Journal of Commerce      Shell Offshore Inc. could be facing an [...]

NIGERIAN TRIBUNE: Communities drag Shell to Yar’Adua over rent

Kayode Akinmade, Lagos – 27.08.2007 Two oil-producing communities in Delta State have dragged Shell Petroleum Development Company (SPDC) before President Umaru Yar’Adua over the company’s refusal to pay them rents over a period of 41 years on lands leased to the company. The communities, Ekakpamre and Uvwi-amvge, in Ughelli South and North local government areas [...]

The Guardian: UK oil firms cheating investors, says Russia

· Miners also accused of exaggerating reserves · Fears of renewed Kremlin attack on resources sector Terry Macalister Monday August 27, 2007 Russia stepped up the pressure on British-listed energy and mining companies yesterday with an influential Moscow regulator alleging that some of them were “cheating” investors by exaggerating their reserves. Oleg Mitvol, deputy head [...]