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Posts on ‘January 17th, 2008’

Reuters: New York needs LNG facility, TransCanada CEO says

Thu Jan 17, 2008 9:47pm GMT  CALGARY, Alberta, Jan 17 (Reuters) – Completing the Broadwater LNG terminal in Long Island Sound will help smooth out natural gas price spikes in New York City, one of the project’s backers said on Thursday. Hal Kvisle, chief executive of TransCanada Corp (TRP.TO: Quote, Profile, Research), said the regasification [...]

CNNMoney.com: Shell Explorations Paid Lobbyist $80,000

Shell Shelled Out $80,000 in Second Half of 2007, Matching First Half’s Bill, on Exploration January 17, 2008: 04:44 PM EST NEW YORK (Associated Press) – Shell Exploration & Production Co., part of Royal Dutch Shell, paid Van Scoyoc Associates $80,000 in the second half of 2007 to lobby the federal government, according to a [...]

environmental-finance.com: RBS pressured over ABN’s Sakhalin loan

London, 17 January: The Royal Bank of Scotland (RBS) has been urged to withdraw a loan that was used to finance Gazprom’s purchase of a majority share in the controversial Sakhalin II oil and gas project. Nineteen environmental campaign groups and NGOs have written to Fred Goodwin, chief executive of the bank, asking him to [...]

Sydney Morning Herald: Higher prices provide a handy cushion for Woodside

Angela Macdonald-Smith January 18, 2008 WOODSIDE Petroleum, the country’s second-largest oil and gas producer, said fourth-quarter sales rose 7 per cent as prices climbed and the Stybarrow field started producing crude. Sales rose to $1.17 billion in the quarter to December 31, from $1.1 billion a year earlier, the group said yesterday. Overall production fell [...]

allAfrica.com: Kenya: Oil Marketers Dump Stake in Refinery

The Nation (Nairobi) 17 January 2008 Nairobi Three multinational oil firms are finally dumping shareholding in the local refinery, statements from Nairobi and New Delhi confirmed on Wednesday. An Indian firm, Essar Energy Overseas Limited, is to buy half the stake in the only refinery in the region. The other half of the Kenya Petroleum [...]

The Statesman Online: Dealers file interlocutory injunction against Shell

Gilbert Boyefio 17/01/2008   A group of petroleum dealers in Accra and Kumasi have filed an interlocutory injunction at the Fast Track High Court restraining oil giant, Shell Ghana Limited or their agents from going ahead with its intention to terminate the dealership agreement they have with the company, pending the determination of a suit [...]

Houston Chronicle: Berwick residents evacuated after leak

© 2008 The Associated Press Jan. 17, 2008, 7:14PM BERWICK, La. — Residents from 79 homes were allowed to return Thursday, a day after a pipeline at a pumping station leaked, spilling oil into a ditch system designed to contain spills. The leak was discovered after mobile home park residents complained of a strong odor [...]

The American Spectator: Russia’s Power Play

By George H. Wittman Published 1/17/2008 12:08:07 AM Russia wants to expand its role in global energy operations, and it has selected the gas deposits of Nigeria as a main target. Politics and the petroleum business in Nigeria begins and ends with payoffs, and the Russians are now in it up to their state-owned Gazprom’s [...]

Bloomberg: Woodside Fourth-Quarter Sales Rise 7% as Prices Climb (Update3)

By Angela Macdonald-Smith  Jan. 17 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said fourth-quarter sales rose 7 percent as prices climbed and the Stybarrow field started crude output. Sales rose to A$1.17 billion ($1 billion) in the three months ended Dec. 31, from A$1.1 billion a year earlier, the Perth-based company [...]

THE WALL STREET JOURNAL: New Fields May Offset Oil Drop

By NEIL KING JR. January 17, 2008; Page A4 Output from the world’s existing oil fields is declining at a rate of about 4.5% annually, a new study concludes, depriving the world of the same amount of oil that No. 4 producer Iran supplies in a year. Yet the study’s authors, Boston-based Cambridge Energy Research [...]

Reuters: Shell starts maintenance at Deer Park refinery-filing

Thu Jan 17, 2008 1:41am EST  SINGAPORE, Jan 17 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has shut down several key processing units at its 333,000 barrel per day, joint-venture refinery in Deer Park, Texas for scheduled maintenance, the company said in a filing on Thursday. The fluid catalytic cracker, cat cracked gasoline [...]