Posts on ‘September 25th, 2007’

By Alfred and John Donovan A conspiracy has been exposed at the highest level of the Malaysian judiciary. It involves corrupt politicians and alleged corruption of the highest judicial office in Malaysia: the Chief Justice. The crisis has shaken the country and sparked widespread demands for an urgent overhaul of the judiciary. Lawyers are organising [...]

25 September 2007 OIL giant Shell confirmed yesterday that non-essential personnel had been taken off two North Sea platforms on Sunday. About 100 workers were shifted from the North Cormorant installation after one of the two boilers broke down. Meanwhile, a similar number of people were moved from the Cormorant Alpha unit after one of [...]

Sep. 25, 2007 The Anglo-Dutch Shell Oil Co. has begun its third production project in Russia. On Thursday, Tatneft plans to sign an agreement with Shell forming a joint venture to develop shale oil deposits in Tatarstan. There are 12 such deposits known in the Cheremshano-Bastryksky licensed zone in Tatarstan with a total recoverable reserves [...]

Tue Sep 25, 2007 12:47pm BST (Adds Shell, BP, Dow no comment, analyst comment, background) KUWAIT, Sept 25 (Reuters) – Kuwait wants to drop Royal Dutch Shell (RDSa.L: Quote, Profile, Research) as a partner and is instead considering BP (BP.L: Quote, Profile, Research) in a project to build a $5 billion oil refinery in Guangdong [...]

Oil companies may have to hand over more revenue By JULIE ZIEGLER and JIM EFSTATHIOU JR. Bloomberg News Royal Dutch Shell, Exxon Mobil Corp. and other foreign oil companies operating in Nigeria may soon have to give the government a greater share of revenue from deep-water oil production, Nigeria’s petroleum minister said Monday. The companies [...]

Posted on: September 25, 2007 China, the world’s largest coal burning polluter, apparently overcame its resistance to pay market price for clean fuel by signing long-term contracts for Australian natural gas, a move that has positive implications for nearly all the world’s natural gas producers. Coincident with the Asia- Pacific Economic Cooperation [APEC] leaders meeting [...]

EXTRACT: In a preliminary analysis, CalPERS estimated Anderson’s bill could affect $8.5 billion invested in 50 international companies, including Siemens AG of Germany and Royal Dutch Shell of the Netherlands. Gilbert Chan, The Sacramento Bee – California Published: Sep 25, 2007 Saying California should take a “powerful stand against terrorism,” Gov. Arnold Schwarzenegger pledged Monday [...]

By Sheila McNulty in Houston and Ed Crooks in London Published: September 25 2007 03:00 | Last updated: September 25 2007 03:00 Tony Hayward, BP’s new chief executive, has prepared staff for a far-reaching shake-up of the oil company as he delivered a blunt warning that third-quarter revenues would be “dreadful”. Mr Hayward told a [...]

Graeme Wearden Tuesday September 25, 2007 BP is poised to axe swathes of management in response to a “dreadful” financial performance, according to reports. The Financial Times claimed this morning that chief executive Tony Hayward has warned US staff that he is planning a major reorganisation, with the oil giant’s performance at its worst for [...]

September 25, 2007 Nick Hasell: Tempus Shares in Peter Hambro Mining (PHM) can usually be relied on to keep pace with the price of gold. That they have not done so over the past 12 months – spot bullion prices have risen around 26 per cent, PHM’s shares a more modest 11 per cent – [...]

By Julie Ziegler and Jim Efstathiou Jr. Sept. 24 (Bloomberg) — Royal Dutch Shell Plc., Exxon Mobil Corp. and other foreign oil companies operating in Nigeria may soon have to give the government a greater share of revenue from deepwater oil production, Nigeria’s petroleum minister said. The companies signed production sharing contracts during the 1990s [...]

By Gavin Evans and Sophie Tan Sept. 25 (Bloomberg) — Crude oil fell for a third day in New York as U.S. producers in the Gulf of Mexico increased output after a storm threat passed. BP Plc, Royal Dutch Shell Plc and other oil companies have so far restored about 70 percent of the production [...]

September 25, 2007 Shell China and Shanghai Clean Energy Research And Industry Promotion Center have jointly announced the completion of a six-month sample operation of gas to liquid operations. The sample operation was conducted in Shanghai from November 28, 2006 to May 31, 2007. During the period, GTL was reportedly used on four unmodified buses [...]

Last Updated: 24/09/2007  15:07 Clodagh Mulvey Shell to Sea representatives today said they reject Shell E&P’s latest proposals for three possible new routes for the proposed Corrib gas onshore pipeline. Shell E&P consultants RPS today published a shortlist of the three possible onshore gas corridors, which it says offers “the best prospect of satisfying the [...]