Posts on ‘February 28th, 2008’

AP – 28.02.2008 19:15 A fire has broken out at one of Britain’s largest gas terminals. Fire officials in Norfolk, a county north-east of London, said on Thursday that crews were dealing with a “very large scale incident”. A number of fire engines have been deployed to the Shell UK-owned Bacton terminal, said a fire [...]

28 February 2008 | 19:12   Emergency services were called to reports of an explosion at the Bacton gas terminal on the Norfolk coast this evening. Villagers said they had been told to stay indoors pending further advice. One said she had “felt an earth tremor” and had seen smoke coming from the vicinity of [...]

Thu Feb 28, 2008 7:23pm GMT  LONDON (Reuters) – Firefighters said on Thursday they were tackling a major fire at the Bacton gas terminal, but that the blaze appeared to be confined to the terminal itself. “We have a very large scale incident ongoing at the moment at the Bacton Gas Shell UK Ltd site [...]

By Alexander Kwiatkowski and Grant Smith Feb. 28 (Bloomberg) — Firefighters doused a blaze at Royal Dutch Shell Plc’s Bacton terminal in the U.K., which handles gas flowing from the North Sea into Europe’s biggest gas-consuming country. A fire erupted in the water-treatment plant at Shell’s terminal, according to a recorded message by the Norfolk [...]

Thu Feb 28, 2008 12:53pm LONDON, Feb 28 (Reuters) – Royal Dutch Shell said on Thursday that repair works to a pipeline connected to the Bonny Light oil terminal in Nigeira had been completed and oil had started flowing. Early in February, Shell declared force majeure on Bonny Light exports and stopped shipments from the [...]

By John Donovan A guest on Live Chat has taken issue with the content of my recent article… 26/02/2008  Shell’s atrocious track record in Nigeria The allegations in my article were made by independent reputable sources with verification links provided. The article included a link to a leaked Shell internal report, the contents of which [...]

Charles Crowell/Bloomberg News Abu Dhabi Investment Authority headquarters in the city of Abu Dhabi. By LANDON THOMAS Jr. Published: February 28, 2008 Abu Dhabi has about 9 percent of the world’s oil and 0.02 percent of its population. The result is a surfeit of petrodollars, much of which is funneled into a secretive, government-controlled investment [...]

Scott G. Borgerson: Scott G. Borgerson From Foreign Affairs, March/April 2008 Summary:  Thanks to global warming, the Arctic icecap is rapidly melting, opening up access to massive natural resources and creating shipping shortcuts that could save billions of dollars a year. But there are currently no clear rules governing this economically and strategically vital region. [...]

Conference confronts issues businesses face on environment By TOM FOWLER Copyright 2008 Houston Chronicle The likely regulation of greenhouse gases in the U.S. will bring huge business opportunities, but cleaning the environment won’t be cheap or easy, speakers said Wednesday at a Houston conference. The trading of carbon dioxide pollution credits is already a multibillion-dollar [...]

Claudia Cattaneo, Financial Post  CALGARY — Former oilsands skeptic BP PLC now seems in a hurry to catch up, signaling on Wednesday that it would forge a second partnership similar to its US$11.7-billion deal with Husky Energy Inc. if the right match came along. After combining its Toledo refinery in Ohio in December with Husky’s [...]

From the Associated Press February 28, 2008 LONDON — Oil giant BP’s chief executive hinted Wednesday that the company might offload part or all of its “green” business unit, reversing a central part of its previous strategy as he seeks to turn the company around. Tony Hayward, giving his first annual presentation to analysts since [...]

By Anthony DiPaola Feb. 28 (Bloomberg) — ERG SpA called delays in government approval for a liquefied natural gas receiving terminal the Italian refiner plans to build in Sicily “unacceptable,” Il Sole 24 Ore reported, citing Chairman Edoardo Garrone. The project has already cost 15 million euros ($22.7 million) and has been awaiting approval for [...]

By Danny Fortson Thursday, 28 February 2008 Tony Hayward, chief executive of BP, brushed off worries about the world’s dwindling oil supplies yesterday by predicting that the company will be able to pump more than 4 million barrels per day through 2020, even if the oil giant doesn’t make any new discoveries. Speaking at the [...]

CEO to Take New Look At Green-Energy Arm; Focus on ‘Equity Value’ By GUY CHAZAN February 28, 2008; Page A13 LONDON — BP PLC Chief Executive Tony Hayward pledged to increase the energy titan’s oil production and improve results at its marketing and refining division, and signaled a shift in its renewable-energy business.   Analysts [...]

By SIOBHAN HUGHES February 28, 2008; Page A12 WASHINGTON — The House of Representatives voted to repeal $18 billion of tax breaks for oil and gas producers, and to use the savings to finance tax incentives for wind-power projects, solar panels and more energy-efficient cars. The bill, which passed by 236-182, faces long odds amid [...]