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Posts from ‘February, 2008’

The Daily Journal (Kankakee, Illinois): Shell gasoline spill settlement reached

02/29/2008, 10:46 am The final settlement hearing for the class action lawsuit over Shell Oil’s 1988 gasoline spill in Limestone Township was held Thursday in Kankakee County Circuit Court, but details of the settlement order have yet to be worked out. The settlement will total at least $26 million and involves 1,384 claims for property […]

The Guardian: UK gas pipe still shut Friday as cold snap nears

Reuters Friday February 29 2008 (Recasts, adds detail) LONDON, Feb 29 (Reuters) – How long a key British gas supply pipeline will remain closed after an import terminal fire was unclear on Friday as checks on the extent of the damage lasted into the weekend, with freezing weather forecast for next week. One of two […]

Financial Times: Gold and oil rise to hit record highs

By Chris Flood Published: February 29 2008 02:00 | Last updated: February 29 2008 02:00 Gold and oil both achieved record levels for a second consecutive session yesterday while wheat markets saw further volatility after news of a commodities trader at MF Global who substantially exceeded his authorised trading limits. The dollar’s weakness has been […]

Bloomberg: U.K. Gas Retreats as Supplies Are Unaffected by Fire (Update2)

By Ben Farey and Alexander Kwiatkowski Feb. 29 (Bloomberg) — U.K. natural gas prices retreated from near two-year highs after Royal Dutch Shell Plc said supplies were adequate after a fire yesterday at its Bacton gas terminal in England cut flows from the North Sea. Natural gas for delivery a week ahead reached its highest […]

Comment on the Bacton Explosion received from a Shell insider…

29 February 2008 The Bacton explosion was at the “water” end says the plant Manager!!  All the safety systems worked and there were no injuries!!  Waste water treatment facilities and equipment are classified as hydrocarbon as if something goes wrong a lot of volatile hydrocarbons arrive on the scene very quickly, but the equipment is […]

Dominican Today: Shell’s representative arrives, Dominican Refinery deal heats up

Rafael Maradiaga arrived in Las Americas yesterday. February 2008, 8:24 AM SANTO DOMINGO. – Dominican Republic took the first step to buy 50 percent of the shares in the Petroleum Refinery (Refidomsa) from the multinational Shell, whose representative in the country, Rafael Maradiaga, arrived in the Las Americas International Airport yesterday afternoon, though declined to […] Shell says UK gas supply unaffected by Bacton terminal shutdown

February 29, 2008: 05:53 AM EST LONDON, Feb. 29, 2008 (Thomson Financial delivered by Newstex) — Royal Dutch Shell PLC (NYSE:RDS A) said gas supply in Britain is unaffected by the shutdown of the Bacton gas terminal on the Norfolk coast following a fire at the site on Thursday. No one was injured during the […]

Honolulu Advertiser: Senate should clear green-energy package

Posted on: Friday, February 29, 2008 The U.S. House took a bold step this week to change America’s oil-dependent course toward the more sensible path of renewable energy. Lawmakers voted to eliminate lucrative tax breaks for big oil companies and use that savings for extending smart tax credits and incentives to encourage energy production from […]

AFP: Shell says oil pumping again at sabotaged Nigerian terminal

29 Feb 2008 10:52 GMT LAGOS (AFP) – Anglo-Dutch group Shell said oil was pumping again Friday at its Bonny Island terminal in southern Nigeria after repairs following a sabotage attack.   “We have resumed oil lifting at Bonny following a successful repair of the burst pipeline accounting for a daily production of some 130,000 […] Venezuela: The spectre of Big Oil

Paul Kellog 29 February 2008 “Never again will they rob us — the ExxonMobil bandits. They are imperial, American bandits, white-collared thieves. They turn governments corrupt, they oust governments. They supported the invasion of Iraq.” This was the response from Venezuelan President Hugo Chavez to the successful lawsuit by the world’s biggest corporation (ExxonMobil), freezing […]

The Times-Picayune: Chevron donating millions to LSU

Most of gift will go to faculty endowments Friday, February 29, 2008 By Bill Barrow BATON ROUGE — Chevron Corp. has pledged $4.75 million to LSU in what school officials Thursday said is the largest corporate contribution ever for the state’s flagship university. Most of the gift, $3.9 million, is earmarked for the College of […]

Houston Chronicle: Notable absences at energy summit don’t bode well

Feb. 29, 2008, 12:13AM COMMENTARY By LOREN STEFFY Copyright 2008 Houston Chronicle The topic wasn’t on the agenda, and it wasn’t discussed on any of the panels. But in the convention center hallways and around the luncheon tables, everyone was asking the same thing: Why aren’t they here? “They” are the presidential candidates, only one […]

Bloomberg: Oil Rises to a Record as Dollar Drops; OPEC May Maintain Output

By Nesa Subrahmaniyan and Megumi Yamanaka Feb. 29 (Bloomberg) — Crude oil climbed to a record for a fourth day as a weakening U.S. dollar and global stock market declines increased the appeal of commodities for investors. Oil also rose after a crude export pipeline broke in Ecuador because of a mudslide and fire shut […]

THE WALL STREET JOURNAL: Oil-Price Rise Poses OPEC Conundrum

By NEIL KING JR. in Washington and GUY CHAZAN in London February 29, 2008; Page A3 Oil prices finished at a new high for the second time this week, bolstering the likelihood that OPEC will sit on its hands at next week’s meeting in Vienna. The Organization of Petroleum Exporting Countries, which supplies about 40% […]

Financial Times: Iranian official reports record oil revenues

By Najmeh Bozorgmehr in Tehran Published: February 28 2008 16:15 | Last updated: February 28 2008 16:15 Iran’s oil revenues reached a record $62bn for the first 11 months of this Iranian year – an increase of 31 per cent over the same period the previous year, according to a senior Iranian oil official. Hojjatollah […]

The Times: Crude oil price hits new high of $102.59 a barrel

February 29, 2008 Suzy Jagger in New York The price of oil shot to a new high last night as Wall Street traders bought fuel contracts to offset the falling value of the dollar. Energy traders were also unnerved by a fire at Shell’s Bacton gas terminal in Norfolk, which threatened more than 45 million […]

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