Posts on ‘February 4th, 2008’

February 4, 2008: It’s more common to hear gunfire in the Niger Delta, especially near oil production installations. The gangs are bolder and better armed, and are increasingly taking on the troops and security guards protecting the oil facilities. Shell Oil, the company that has run the production and shipment of oil in the delta [...]

 04 Feb 2008 15:54:41 GMT Source: Reuters LAGOS, Feb 4 (Reuters) – A prominent Nigerian militant group said on Monday it carried out an armed raid on a navy outpost protecting an oil pipeline hub which killed three soldiers on Saturday. The Movement for the Emancipation of the Niger Delta (MEND) denied a statement by [...]

By MarketWatch Last update: 8:34 a.m. EST Feb. 4, 2008 BANGKOK (MarketWatch) — The Thai unit of Royal Dutch Shell PCL said Monday it has agreed to sell its “Autoserv” car maintenance chain in Thailand and Malaysia to units of Bridgestone Corp. (5108.TO). The agreement covers 64 outlets in Thailand and eight outlets in Malaysia, [...]

Mon Feb 4, 2008 10:35am EST BRUSSELS, Feb 4 (Reuters) – Privately held Basell [BASL.UL] won permission from the European Commission on Monday to buy the Berre-l’Etang refinery in France from Royal Dutch Shell (RDSa.L: Quote, Profile, Research) for $700 million. Basell is a large, European plastics maker and provider of proprietary petrochemical process technologies. [...]

02.04.08, 10:46 AM ET LONDON (Thomson Financial) – Royal Dutch Shell PLC said it found oil at the offshore Vicksburg prospect in the eastern part of the Gulf of Mexico. The well was drilled to a depth of around 25,400 feet and encountered a ‘hydrocarbon column of approximately 300 feet,’ said Shell, the operator of [...]

Monday 04 February 2008 The former chairman of oil giant Shell said he believes the EU should ban the sale of new cars that do under 35 miles to the gallon. Sir Mark Moody-Stuart said car manufacturers would adapt to cope with stricter rules. “When we introduced catalytic converters the car-makers said it would put [...]

Monday, 4 February 2008, 01:31 GMT  If the world is to end the threat from climate change, we need to produce more with less energy, says Mark Moody Stuart. In this week’s Green Room, he outlines his vision that will help society fulfil this goal. To address the climate challenge we need to reduce the [...]

Results already show hydrocarbons generated in ocean floor Posted: February 4, 2008 1:00 a.m. Eastern By Jerome R. Corsi © 2008 WorldNetDaily.com  Scientists who have confirmed that abiotic hydrocarbons are being released from the Lost City hydrothermal field in the Mid-Atlantic range at the bottom of the ocean say they are returning to that location [...]

By STEPHEN POWER February 4, 2008; Page A4 WASHINGTON — A federal plan to expand oil-and-gas drilling in Alaska presents the Bush administration with an awkward choice between oil and polar bears. Some congressional Democrats and environmental groups are trying to delay Wednesday’s planned auction of oil-and-gas leases in the Chukchi Sea off Alaska’s northwest [...]

By Fiona Harvey, Environment Correspondent, Financial Times Published: Feb 04, 2008 Green is good, but is good green? There is a large and growing number of “green” funds in the market, some of which are also marketed as ethical investment funds, and some not. But many investors are unaware of the stark differences that sometimes [...]

· Local authority pension funds want pay shakeup · Rewards given for profits just 1% above inflation Jill Treanor The Guardian, Monday February 4 2008 Britain’s biggest companies are being urged to radically alter the way they pay their directors by linking their bonuses to non-financial measures such as environmental protection and the safety of [...]

Tony Hayward is viewed as ‘an operator’, a characteristic likely to endear him to the workers in BP’s front line Last Updated: 1:18am GMT 04/02/2008 Tony Hayward has been busy in his first year running BP, but the City has yet to be convinced, writes Russell Hotten When Tony Hayward was appointed chief executive of [...]

By Trisha Huang Feb. 4 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said its planned restart of gasoline-making units at its Deer Park, Texas refinery will cause flaring of gases including carbon monoxide. The refiner plans to restart a catalytic cracking unit, a gasoline hydrotreater, an alkylation unit, three sulfur recovery units [...]

By Torrey Clark Feb. 3 (Bloomberg) — Pirates captured a tugboat off the coast of Somalia as it sailed from St. Petersburg to Russia’s Sakhalin Island, the U.K. Foreign & Commonwealth Office said. The captain of the Svitzer Korsakov is a British citizen and the crew mostly Russian nationals, the Foreign Office spokesman, who declined [...]

February 4, 2008 Robin Pagnamenta The share of the world’s oil reserves controlled by the big Western oil companies, such as BP, Shell and ExxonMobil, has fallen to less than 10 per cent, compared with 70 per cent in 1978. The world’s reserves are dominated increasingly by government-controlled national oil companies in big producer countries [...]