Tue Sep 18, 2007 9:33pm BST NEW ORLEANS, Sept 18 (Reuters) Shell Oil Co. President John Hofmeister said conditions are favorable for an increase in refining capacity as the company moves closer to a decision on doubling the size of a joint-venture refinery in Texas. “We make long-term decisions,” Hofmeister said. “We think that [...]
Posts on ‘September 18th, 2007’
MyFoxHouston: Shell Oil Begins Evacuating Gulf Coast Operations
Last Edited: Tuesday, 18 Sep 2007, 5:55 PM CDT Created: Tuesday, 18 Sep 2007, 5:55 PM CDT Administrators at Shell Oil began evacuating employees from operations in the Gulf of Mexico. The almost 300 people that evacuated Tuesday were classified as not essential toward production and drilling operations. Company administrators are concerned with the [...]
canadianbusiness.com: Royal Dutch Shell Paid Covington & Burling $100,000 to Lobby Against Sanctions
September 18, 2007 – 3:25 p.m. WASHINGTON (AP) – Royal Dutch Shell plc paid Covington & Burling LLP $100,000 to lobby the federal government in the first half of 2007, according to a recent disclosure form. The firm lobbied Congress and the U.S. State Department to oppose economic sanctions against Shell, according to a form [...]
Bloomberg: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says (Update1)
By Eduard Gismatullin and Francine Lacqua Sept. 18 (Bloomberg) — Crude oil prices may rise to $150 a barrel in the next 20 years because demand is growing in China and some other developing nations and reserves are dwindling, said the former chairman of the U.K. branch of Royal Dutch Shell Plc. The world is [...]
Hemscott: Shell says efforts to restore Texas refinery ops begin
LONDON (Thomson Financial) – Royal Dutch Shell PLC said the process of restoring operations at the 285,000-barrel a day Port Arthur oil refinery in Texas has started. The refinery is run by Houston-based Motiva Enterprises LLC, a joint venture between Shell and Saudi Aramco. It was shut last week after Hurricane Humberto struck the area, [...]
Bloomberg: Dated Brent Falls Most in 2 Months as Shell Offers Forties Oil
By Alexander Kwiatkowski Sept. 18 (Bloomberg) — Dated Brent declined the most in more than two months relative to the cost of November oil after Royal Dutch Shell Plc offered to sell a cargo of the benchmark Forties crude. Dated Brent for loading in 10 to 21 days was at a discount of 15 cents [...]
CNNMoney.com: Venture Production Eyes Shell North Sea Assets – Financial Chief
September 18, 2007: 03:28 AM EST LONDON -(Dow Jones)- U.K. mid-size oil company Venture Production PLC (VPC.LN) is looking at the U.K. North Sea assets put up for sale in June by Royal Dutch Shell PLC (RDSB.LN) and Exxon Mobil Corp. (XOM), Venture’s Finance Director Marie-Louise Clayton said Tuesday. The companies are marketing Northern North [...]
Oil and Gas Eurasia: High Technologies for Sakhalin-II Offshore Facilities
By Oleg Karpushin For a number of reasons, the Sakhalin-II project run by the Sakhalin Energy company is unparalleled in its scale. First, it is being implemented in severe climatic conditions in the Sea of Okhotsk where the water is covered with thick ice for six winter months. Secondly, all operations have to be carried [...]
Irish Times: Shell to submit Corrib route for approval
Lorna Siggins, Marine Correspondent, Irish Times Published: Sep 18, 2007 Consultants for Shell E&P Ireland intend to submit the entire Corrib gas pipeline route to State authorities for approval for the first time. The move, which will only take place when a new onshore route for the pipeline is finalised, should circumvent criticisms of “project [...]
Lloyds List: Japanese form LPG pact with Koreans
Tony Gray, Lloyds List Published: Sep 18, 2007 CONSOLIDATION in Japan’s LPG industry has taken on an international flavour following a co-operation pact between trading house Itochu and South Korea’s SK Gas. Areas for co-operation are expected to include shipping, writes Tony Gray. SK Gas confirmed that a memorandum of understanding had been signed with [...]
FT REPORT – CHEMICAL INDUSTRY: A downturn looms larger
By Salamander Davoudi, Financial Times Published: Sep 18, 2007 Volatility in the financial markets and a growing credit crunch are fuelling fears that the next chemical industry downturn could come sooner than expected. “This is exercising a lot of people’s minds. The problem may be relatively confined but people are nervous,” says one banker to [...]
Financial Times: Oil Search plays down talk of $5bn approach from China
By Peter Smith in Sydney and Richard McGregor in Beijing Published: September 18 2007 03:00 | Last updated: September 18 2007 03:00 Oil Search yesterday played down reports that it was the $5bn bid target of a Chinese joint venture after shares of Papua New Guinea’s leading oil and gas producer jumped 19 per cent. [...]
Financial Times: Stopping a crisis becoming a catastrophe
By Philip Stephens Published: September 17 2007 23:17 | Last updated: September 17 2007 23:17 In the end fine economic judgments were swept aside by politics, calm deliberation by panic on the streets. Never mind that investors in Northern Rock, Britain’s fifth largest mortgage lender, had been assured their money was safe. The television images [...]
THE WALL STREET JOURNAL: Energy Sector’s ‘Flaring’ Draws Crackdown
Natural-Gas Burnoff By Oil Firms Rises 14% Amid Remote Drilling By SPENCER SWARTZ September 18, 2007 London The world’s energy industry has never been keener to tap the commercial potential of natural gas. But ironically, some nations are wasting more gas than ever before, as producers burn it off straight into the atmosphere. A World [...]
Herald Sun (Australia): Chinese interest sends Oil Search shares soaring
Article from: Felicity Williams with Bloomberg September 18, 2007 12:00am KEEN Chinese interest in winning access to rich gas projects in Papua New Guinea sent Oil Search shares rocketing almost 12 per cent yesterday. Oil Search is the biggest owner of natural gas resources in PNG under joint ventures led by ExxonMobil and BG Group. [...]
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