Posts on ‘January 30th, 2008’

Filed from Aberdeen 1/30/2008 6:12:18 PM GMT � RUSSIA: Nineteen local and international environmental organizations have called on Sir Fred Goodwin, CEO of Royal Bank of Scotland (RBS), to recall a controversial US$1 billion loan by ABN AMRO for the Russian energy giant Gazprom’s purchase of a controlling share of the enormous Sakhalin II oil [...]

Solar reflectors: ‘We think we can achieve 15 times the biofuel yield per hectare of land by using algae rather than conventional crops’ Solar reflectors could one day make petrol from thin air, and algae may provide all the diesel we need. Simon Usborne reports on the race to perfect energy sources for the future [...]

January 30, 2008 British Columbia� A GROUP of Tahltan elders have added their voices in opposition to Shell�s plan to drill for coalbed methane natural gas in the Klappan area. The elders, centered in Telegraph Creek but who now also live around the northwest, feel the Klappan area is too important for development because it [...]

Wed Jan 30, 2008 10:02am EST CALGARY, Alberta, Jan 30 (Reuters) – Oil sand projects operated by Suncor Energy Inc (SU.TO: Quote, Profile, Research) and Royal Dutch Shell (RDSa.L: Quote, Profile, Research) are running normally despite a bitter cold snap in northern Alberta that forced Syncrude Canada Ltd to suspend production at its 350,000 barrel [...]

Published by Andy Rowell January 29th, 2008 � Maybe the oil industry is running out of reserves faster than it is letting on, but Shell is to delay publication of key data about its oil reserves that it would normally have released alongside profits figures being published this week. The decision is said to have [...]

Adrian Ash, 29 Jan ’08 The FSA… has just got round to bringing its first ever criminal case for insider dealing � despite being the statutory prosecutor for insider dealing since 2000. “That�s a long while,” as Sara George of Allen & Overy noted to the Financial Times. Not least because the regulator itself says [...]

Experts say the world’s major oil fields are declining. (AFP) The idea that the world’s supplies of oil have either peaked or will soon start declining has suddenly gained new respectability. The concept of ‘peak oil’ has been derided by the big oil companies for years, but at the end of last week came a [...]

By Nikhil Kumar Wednesday, 30 January 2008 At the other end of the table, shares in the energy giant Royal Dutch Shell fell after the company said it would not provide oil and gas replacement guidance with its annual results, which are due tomorrow. Dresdner Kleinwort said that news was “regrettable” and Royal Dutch Shell [...]

By Sabine Pirone Jan. 30 (Bloomberg) — The following is a list of companies whose shares may have unusual price changes in the U.K. and Irish markets. Stock symbols are in parentheses after company names and prices are from the last close. The FTSE 100 rose 96.30, or 1.7 percent, to 5,885.20 yesterday. The FTSE [...]

A WSJ NEWS ROUNDUP January 30, 2008 Royal Dutch Shell PLC encountered concerns yesterday that the oil major had little luck adding new reserves last year after a report that it wouldn’t publish such figures with its annual results tomorrow. Shell’s London-listed Class A shares edged down 0.6% to 1808 pence ($35.87), compared with a [...]

Written by Emma Ujah���� Wednesday, 30 January 2008� The Bayelsa State Governor, Timi Sylva, yesterday, said the planned 1000 job cut by Shell had nothing to do with issues of militancy in the Niger Delta. Speaking with journalists in Abuja, he said Shell, like many other Joint Venture partners in the oil industry, has been [...]