Uchenna Izundu International Editor LONDON, Nov. 26 — More than half of the oil and gas industry’s basic assets in the UK North Sea that have been inspected over the past 3 years are in poor condition, and companies will face closure or prosecution if they do not improve safety standards, warned the UK Health [...]
Posts on ‘November 26th, 2007’
fool.com: Throw the Book at BP
By David Lee Smith November 26, 2007 This one will put me in strange territory, since I’m not usually one to come down on the energy companies. The group typically has more than enough detractors, many of whom are irrational and uninformed. But in the case of BP (NYSE: BP) and the aftermath of the [...]
Bloomberg: Libya Cuts Share of Oil Output for Occidental, OMV (Update5)
By Sonja Franklin Maher Chmaytelli Nov. 26 (Bloomberg) — Occidental Petroleum Corp. and Austria’s OMV AG agreed to reduce their share of production from an oil venture in Libya, holder of Africa’s largest petroleum reserves, to reflect record prices. Los Angeles-based Occidental and Vienna-based OMV, which are jointly developing fields in the central region of [...]
Reuters: UPDATE 1-Shell halts oil sands mining to fix upgrader
Mon Nov 26, 2007 9:34 PM GMT (Adds comment and detail) CALGARY, Alberta, Nov 26 (Reuters) – Royal Dutch Shell said on Monday it has suspended bitumen production at its oil sands mine near Fort McMurray, Alberta, as it works to repair a fire-damaged upgrader that converts the tar-like bitumen into synthetic crude oil. Shell [...]
rttnews.com: Comstock Resources To Buy SWEPI LP, An Affiliate Of Shell Exploration & Production For $170.0 Mln
11/26/2007 4:18:27 PM Comstock Resources, Inc. (CRK) announced that it has agreed to purchase certain oil and gas properties from SWEPI LP, an affiliate of Shell Exploration & Production for $170.0 million. With the acquisition, Comstock would acquire producing properties in the Dinn Ranch, Fandango, Rosita, and Rosita East fields in Duval and Zapata counties [...]
energytribune.com: Shell Loses to BP on Chinese Refinery
Posted on Nov. 26, 2007 By Lee Geng BP is continuing its aggressive expansion in China, and its latest comes at Shell’s expense. Shell had been in negotiations with Sinopec and Kuwait Petroleum Corp. to build a 300,000-barrel-per-day refinery in Guangzhou, the capital of Guangdong, but China has selected BP. The refinery is slated for [...]
Dear Mr John Donovan: Warm greetings from Shell employees in Ethiopia
Monday 26 November 2007 Below is an email received today. We do not know if the allegations have substance and will be seeking more information. THE EMAIL Dear Mr. John Donovan: Warm greetings! We, employees of Shell Ethiopia, would like to request your kind assistance in exposing the fraud committed by Shell against Shell Ethiopia [...]
From a Shell North Sea Platform Insider: words of encouragement and support for Bill Campbell’s HSE Campaign
BBC News photograph of Bill Campbell, retired Group Auditor of Shell International. Monday 26 November 2007 So now we have more examples of how safety standards have deteriorated in the North Sea this time not Shell. So why did the Thistle platform have a fire of such ferocity that required a full scale emergency and [...]
Reuters: UPDATE 2-MND says no longer interested in Regal JV
Mon Nov 26, 2007 4:48 PM GMT (Recasts with chairman’s comments, updates shares) LONDON, Nov 26 (Reuters) – Czech-based MND Exploration and Production will not table a new offer to Regal Petroleum Plc for a Ukrainian joint venture, according to the chairman of its parent company on Monday. “MND Exploration and Production is not considering [...]
Reuters: Sakhalin-2 stops oil production early after storm
Mon Nov 26, 2007 MOSCOW, Nov 26 (Reuters) – The Gazprom (GAZP.MM: Quote, Profile, Research)-led Sakhalin-2 oil and gas project has stopped oil production early after a storm damaged its offshore facility, company management said on Monday. “Earlier this week due to severe weather conditions production at the Vityaz complex offshore facility… was suspended,” the [...]
BBC News: Scots ‘should handle’ oil safety: *safer than leaving it to Shell which puts production and profit before employee lives
Smoke can be seen coming from the right of the platform BBC News: Scots ‘should handle’ oil safety: Monday, 26 November 2007: 14:46 GMT First Minister Alex Salmond has said the Scottish Government should handle North Sea offshore safety. He was speaking as an investigation got under way into the cause of a major fire [...]
Aberdeen Press & Journal:PLATFORM BLAZE FUELS FRESH FEARS FOR NORTH SEA SAFETY
08:50 – 26 November 2007 Fresh concerns were raised last night about safety on North Sea installations after the evacuation of over 100 workers when fire broke out on a platform. The blaze on the Thistle Alpha, which lies 120 miles north-east of Shetland, came just days after the Health and Safety Executive (HSE) published [...]
allAfrica.com: Nigeria: Will Gas Flaring End in January?
Daily Trust (Abuja) EDITORIAL 26 November 2007 Broken promises, lack of commitment, shady deals and ignored legislations have marred the history of flare-out targets in Nigeria. The country’s oil resources have been exploited for more than four decades. Yet, oil companies including Shell, ExxonMobil and TotalFinaElf continue to profit from the resource, while communities in [...]
The Florida Times-Union: Alternative oil projects on tap
Originally created 11/26/07 By Special to the Times-Union Close your eyes for a moment and imagine how things would be if the U.S. was a major oil exporter rather than a major importer. Better balance of trade; stabilized oil prices for domestic consumption; debt reduction; stronger world influence. Far-fetched? Not really if we commit our [...]
Hemscott.com: Regal Petroleum confirms termination of MoU with Shell UPDATE
(Adds background) Monday 26 November 2007 LONDON (Thomson Financial) – Regal Petroleum PLC has confirmed the memorandum of understanding it signed with Royal Dutch Shell PLC has been terminated. Under the MoU, announced on Nov 21, Shell was to acquire 51 pct of Regal’s gas projects in Ukraine for 50 mln usd in cash and [...]


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