Posts on ‘November 18th, 2007’

By Katherine Griffiths, City Correspondent Last Updated: 12:10am GMT 19/11/2007 Sovereign wealth fund Temasek may today be fined $5bn (�2.4bn) following a showdown with the Indonesian government over telecoms investments. Indonesia’s competition authority is understood to be preparing to levy a heavy penalty against Temasek after the fund refused to agree to the nationalisation of [...]

Fauwaz Abdul Aziz Nov 18, 07 7:53pm � The royal commission of inquiry into the controversial VK Lingam video clip should be given the widest terms of reference to address the rot in the judiciary, said Malaysian Democratic Party secretary-general Wee Choo Keong. Seeking to pre-empt the possibility that the commission will be given only [...]

Companies are keen to advertise their ecological credentials. But beyond the marketing spin, how green are they really? Lucy Aitken� Monday November 19, 2007 Last Wednesday, November 14, was a big day for Eurostar. Not only did it open its St Pancras International terminus, it also made all Eurostar journeys carbon neutral at no extra [...]

11.18.07, 6:36 PM ET� � SYDNEY (Thomson Financial) – Australia’s leading oil and gas group Woodside Petroleum Ltd said Monday it has signed a deal to supply liquefied natural gas from its still to be developed Browse Basin project in northwest Australia to Taiwanese state oil company CPC Corp. Woodside, 34 percent owned by the [...]

Sunday, November 18, 2007 The Environment Minister John Gormley has threatened Shell Ireland with criminal proceedings after the company carried out work in a special area of conservation. Unauthorised drilling of two boreholes was completed by Shell contractors at Glengad in County Mayo last month without the required permission. Minister Gormley is ordering Shell to [...]

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Shell discovery documents�published�by royaldutchshellplc.com�on Sunday 18 November 2007 Videotaped Deposition of Tim Warren, retired Country Chairman, Shell Australia, deposed in Washington, D.C. Tuesday, January 30, 2007: 10:25 a.m. Formally Shell EP Technology director, Shell International Exploration & Production B.V. ENTIRE SEARCHABLE�DEPOSITION: 16.62mb pdf file containing 518 pages, so will take some time to load, particularly [...]

By Ed Crooks and Javier Blas in Riyadh Published: November 18 2007 09:01 | Last updated: November 18 2007 09:01 Opec leaders meeting at the weekend summit in Saudi Arabia have differed sharply over the group strategy and purpose, but have united in defence of high oil prices. Hugo Chavez, the left-wing president of Venezuela, [...]

The world’s largest oil producer could soon find itself over a barrel, reports Tim Webb in the Gulf Sunday November 18 2007 The dusty sign next to the landing strip reads ‘Welcome to the City of Golden Sand’. This ‘city’ of 700 oil workers and their families is one of the most remote outposts on [...]

EXTRACT: The investigation is looking at payments by Shell and Chevron-Texaco to his businesses in his home state. Over three years, Shell, Chevron and the Nigerian National Petroleum Company paid �3.6m into a Barclays account controlled by Ibori for renting out houseboats to foreign employees. THE ARTICLE November 18, 2007 Christopher Thompson A FORMER governor [...]

Chavez Suggests Oil Could Reach $200 A Barrel Nov 17 03:38 PM US/Eastern By SEBASTIAN ABBOT Associated Press Writer���� � RIYADH, Saudi Arabia (AP) – In his opening address of a rare OPEC summit, Venezuelan President Hugo Chavez warned the United States on Saturday that oil prices would further surge if the U.S. contemplates an [...]

The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned. Prince Saud Al-Faisal was overheard ruling out a proposal from Iran and Venezuela to discuss pricing crude in a private meeting at the oil cartel’s conference. In [...]

18 November 2007� By Gavin Daly The founders of Ion Equity, the Dublin finance house that owns a range of businesses including Shell and Statoil, have sold shares in the business to their staff for the first time. The firm has issued stakes to some of its investment staff in Dublin and London, including directors [...]

By RAMON ALMANZAR SANTO DOMINGO, Dominican Republic The Dominican Republic is seeking to acquire full control of an oil refinery jointly owned with Royal Dutch Shell PLC in a bid to stabilize domestic fuel prices. President Leonel Fernandez said Thursday that the treasury minister has been authorized to begin negotiations for the company’s 50 percent [...]

Mehdi Shahbazi owned the Shell gas station on Reservation Road in Marina. (VERN FISHER/Herald file) Shahbazi had gone on liquid diet By LARRY PARSONS Herald Staff Writer Article Launched: 11/17/2007 01:27:50 AM PST Mehdi Shahbazi, a longtime Monterey Bay area service station operator who waged a quixotic and dogged battle against high gasoline prices, died [...]