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Posts from ‘December, 2007’

Gulf-Times: Bhutto assassination ups risks in Pakistan energy investment

Published: Saturday, 29 December, 2007, 02:17 AM Doha Time  By Jun Yang and Gurdeep Singh SINGAPORE: Major Pakistan oil, gas and power projects are clearly at risk in the wake of former Prime Minister Benazir Bhutto’s assassination. Analysts warn prolonged instability could jeopardise the country’s ability to meet future energy needs. Foreign companies such as [...]

Pincher Creek Echo (Canada): Shell presents optimization plans

By Angela Hill Friday December 28, 2007 The Council of the Municipal District of Pincher Creek was all ears on Dec. 11, when Kevin May presented Shell Waterton’s optimization plan. Shell’s plan is to transform its Waterton gas plant south of Pincher Creek into a smaller, more efficient facility. “By reducing the amount of fuel [...]

The Times: Gazprom takes aim at Exxon in battle against foreign ownership

December 28, 2007 Carl Mortished, World Business Editor Gazprom has renewed its campaign against foreign ownership of Russian gas resources with an attack on ExxonMobil’s Sakhalin-1 project in Eastern Siberia, the last remaining Russian gas venture under foreign control. ExxonMobil’s plan to sell gas to China was criticised heavily by Alexander Ananenkov, Gazprom’s deputy chairman. [...]

Daily Telegraph: Shell delays decision on Iran project again

By Russell Hotten, Industry Editor Last Updated: 10:23pm GMT 28/12/2007 Royal Dutch Shell has again delayed a decision on whether to press ahead with controversial investments in Iran, as Europe’s largest oil and gas company weighs up the increasing costs of the project and political opposition in the United States. The Anglo-Dutch giant will not [...]

The Daily Journal (Illinois): Editorial: Lessons from Shell

12/28/2007, 10:52 am News Note: Shell Oil settles pipeline spill case from 1988 for $46 million. Twenty million will go to build new water lines in Limestone Township. Another $26 million will compensate 1,500 residents. If you follow the timeline, it goes like this. It took Shell six years to begin providing pure water for [...]

The Moscow Times: Gazprom Seen in Talks on ExxonMobil’s Sakhalin-1

Friday, December 28, 2007. Issue 3815. Page 5. Combined Reports Gazprom this year held talks to join ExxonMobil’s Sakhalin-1 oil-and-gas project, an unidentified person close to the gas giant said. Gazprom, which took control of Shell’s Sakhalin-2 project last year, now wants a stake in Exxon’s venture, Vedomosti reported Thursday. Gazprom held talks with both [...]

The Wall Street Journal: Kazakhstan, Oil Firms May Be Near Deal on Kashagan Field

GABRIEL KAHN December 28, 2007 2:27 p.m. ROME—The government of Kazakhstan has signaled what could be a breakthrough in its long-running standoff with foreign oil companies developing the massive Kashagan oil field in the northern Caspian Sea. In a Dec. 26 letter viewed by The Wall Street Journal, Kazakh President Narsultan Nazarbayev, has called the [...]

Financial Times: Alaskan oil tax rise sparks BP review

By Dino Mahtani Published: December 28 2007 02:00 | Last updated: December 28 2007 02:00 BP, Europe’s second-largest oil company, will review its investment plans in the US state of Alaska following legislation to increase taxes on oil producers there. The move by the state government is a blow to all oil companies doing business [...]

daily-journal.com (Illinois): Pipeline spill settlement claim forms mailed

12/27/2007, 3:01 pm By Jon Krenek jkrenek@daily-journal.com 815-937-3370 If you are one of 1,500 Limestone Township property owners, check the mail for an envelope marked with the word “important” in red ink. It may look like junk mail, but it’s not. Forms were mailed this week, as well as instructions, for claiming the portion of [...]

The Wall Street Journal: Italy’s Eni Raises Its U.S. Profile

Oil Firm’s Investment Aims at Stability To Offset Less-Reliable Projects By JOHN M. BIERS December 28, 2007; Page A8 Italian oil titan Eni SpA, which has benefited from its ability to invest and expand in countries off-limits to American rivals, this year sharply raised its exposure on the home turf of Chevron Corp. and Exxon [...]

Financial Times: Microscopic alternative to biofuels

By Cristina Jimenez Published: Friday December 28 2007 Oil from algae, the microscopic plants that produce a green covering on the surfaces of ponds and neglected outdoor swimming pools, may soon be filling diesel pumps. As crude oil has moved towards $100 (€70, £50) a barrel and sustainable alternatives are sought in a bid to [...]

AP: Oil Rises on Inventory Shortfalls

Thursday December 27, 3:31 pm ET By John Wilen, AP Business Writer  Oil Prices Jump After Government Reports Crude and Heating Oil Supplies Fell Last Week NEW YORK (AP) — Oil futures rose Thursday after the government reported larger-than-expected declines in crude and heating oil inventories. In its weekly inventory report, the Energy Department’s Energy [...]

The Times: Natural resources

ENRC, the London-listed Kazakh mining and metals group, said that it plans to offer shares on the Kazakh stock exchange in 2008. ENRC is the world’s sixth-biggest iron ore exporter by volume and produces about 16 per cent of Kazakhstan’s electricity. Regency Mines, which is quoted on London’s junior Alternative Investment Market and focuses on [...]

The Times: Shell beds into Chinese market with 30-year coal methane production deal

December 28, 2007 Carl Mortished, World Business Editor Shell is investing in Chinese coal, buying a controlling stake in a coalbed methane project, an alternative resource that China’s Government is keen to promote as it seeks to diversify its country’s energy supplies. Shell is buying an interest in a 30-year production-sharing contract that covers 1,015 [...]

Reuters: Gazprom clears record $20 bln capex plan for 2008

Thu Dec 27, 2007 12:56pm EST  MOSCOW, Dec 27 (Reuters) – Russia’s gas export monopoly Gazprom (GAZP.MM: Quote, Profile, Research) will increase capital investment by 43 percent in 2008 to a record level of almost $20 billion as it speeds up development of Arctic fields and new pipelines. Gazprom has prioritised equity investment over capital [...]