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Posts on ‘October 2nd, 2007’

MarketWatch: Triple-digit oil prices to become norm: analyst

By Steve Gelsi, MarketWatch Last Update: 2:35 PM ET Oct 2, 2007 NEW YORK (MarketWatch) — Oil prices of at least $100 a barrel are expected to become the norm as early as next year, as conventional supplies continue to decline and consumption in the developing world rises, CIBC chief economist Jeff Rubin said Tuesday. [...]

Reuters: Oil falls $1 to below $80 a barrel

Tue Oct 2, 2007 12:02 PM BST By Janet McBride LONDON (Reuters) – Oil fell by more than $1 to below $80 a barrel on Tuesday, retreating for a third day as a strengthening dollar and concerns about the world economy prompted investors to take profits. U.S. crude was down $1.07, or 1.3 percent, at [...]

The Wall Street Journal: BP Says Chairman Sutherland To Stay Through 2009 Meeting

October 2, 2007; Page B10 Oil major BP PLC reiterated that Chairman Peter Sutherland will still be on the job for its general shareholders meeting in 2009, denying press reports that he may leave earlier. BP tends to have its annual general meetings in April. London’s Sunday Times reported the hand-over to a successor could [...]

Bloomberg: KazMunaiGaz Says Well at Zhemchuzhina Field Shows Signs of Oil

By Nariman Gizitdinov Oct. 2 (Bloomberg) — Kazakhstan’s Zhemchuzhina field, being developed by Royal Dutch Shell Plc, produced signs of oil at the first well drilled, according to state-owned KazMunaiGaz National Co., which owns 25 percent stake of the field. “The first drilling well at the Zhemchuzhina oil structure found signs of oil,” KazMunaiGaz National [...]

More on the ‘good’ guys!: Tour de Sakhalin … finished in one piece

Dear all At 14:45 on Monday 24th September, the 2007 Tour de Sakhalin finished at the gates of the Zima camp. The entire SEIC International School and many other Zima residents turned  out to cheer the 11 strong Tour de Sakhalin team home (7 riders, 3 drivers and 1 cook). After 11 days cycling the [...]

ABERDEEN PRESS & JOURNAL: SECURE UK SUPPLIES IN THE PIPELINE AS LANGELED FLOWS

 08:50 – 02 October 2007   Uk gas supplies were bolstered yesterday following the completion of a £5.5billion project to deliver gas from Norway’s Ormen Lange field. The Langeled pipeline, the world’s longest underwater pipeline, began transporting gas for commercial use from the field to Easington after three weeks of testing. National Grid said it [...]

The Sakhalin Times: Gazprom confirms Sakhalin II talks with JBIC

Gazprom, the operator of the Sakhalin II project, has resumed negotiations with the Japan Bank for International Cooperation (JBIC) to secure financing for the Sakhalin II project, a company press-release stated. Financing the multibillion dollar project has become a key issue after the European Bank for Reconstruction and Development, a core member of the planned [...]

Financial Times: Smoking class

By Emiliya Mychasuk and Emiko Terazono Published: October 2 2007 03:00 | Last updated: October 2 2007 03:00 Glass ceiling or glass elevator? While the debate rages about the role of women in business – see headhunter Heather McGregor’s FT Magazine cover story on ft.com – two senior women have hopped into the elevator at [...]

Financial Times: Shell UK halts pension fund contributions

By Maggie Urry and Norma Cohen in London Published: October 2 2007 03:00 | Last updated: October 2 2007 03:00 Shell UK, part of the Royal Dutch Shell oil group, is taking the unusual step of halting its contributions to its pension scheme for at least a year. This is to take advantage of a [...]

The New York Times: Arctic Melt Unnerves the Experts

A photograph taken in August from an icebreaker research cruise in the Arctic Ocean, about 600 miles north of the Alaska coastline.   By ANDREW C. REVKIN Published: October 2, 2007 The Arctic ice cap shrank so much this summer that waves briefly lapped along two long-imagined Arctic shipping routes, the Northwest Passage over Canada [...]

Daily Telegraph: Shell gives itself pension holiday

By Russell Hotten, Industry Editor Last Updated: 12:19am BST 02/10/2007 Oil company Royal Dutch Shell has halted payments into its £12bn UK pension fund after latest valuations showed the scheme to be heavily in surplus. The surprise move, the first pension holiday taken by the Anglo-Dutch company since 2002, will be reviewed next year. Shell’s [...]