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Posts from ‘February, 2008’

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 [...]

Eastern Daily Press: Bacton explosion probe begins

Smoke rises above the Bacton gas terminal. Picture: EDP reader Anna Hollis.  29 February 2008 05:45 Neighbours of Norfolk’s giant gas terminal are today pondering how close they came to disaster after a blast rocked the seaside complex. Villagers in Bacton are used to living in the shadow of the site’s mass of pipes, pumps, [...]

The Guardian: Oil prices jump after fire at gas terminal

· Explosion at Norfolk plant importing 13% of supplies · ‘Major incident’, but no reports of casualties Martin Hodgson and Dan Milmo , Friday February 29 2008 Emergency teams were last night fighting a big fire at one of Britain’s largest gas terminals, which sent more jitters through energy markets. The blaze is believed to [...]

Daily Mirror: Blaze at huge gas terminal

29/02/2008 Fire crews last night fought a blaze at one of the largest gas terminal complexes in the UK. The fire in a treatment plant at the Shell base in Bacton, Norfolk, broke out shortly before 6pm. It took 10 crews from Norfolk Fire Service around two hours to bring it under control. Anna Hollis, [...]

Reuters: Oil hits fresh high after Ecuador pipeline rupture

Fri Feb 29, 2008 3:58am GMT  By Luke Pachymuthu SINGAPORE (Reuters) – Oil touched a new high above $103 on Friday after Ecuador shut a key export pipeline and a fire hit a major European natural gas plant, while the U.S. dollar’s fall to a series of lows kept fresh funds flowing in. Prices later [...]

Penn Energy: Shell Oil outlines 12-point energy plan

Paula Dittrick Senior Staff Writer HOUSTON, Feb. 28 — Shell Oil Co. Pres. John D. Hofmeister said his company proposes a 12-point energy plan, noting that he believes the last time the US had a “coherent, comprehensive” energy policy was during World War II. Hofmeister, speaking Feb. 27 to Business and Climate Change conference cosponsored [...]

Corrib St Patrick’s Day protest at Shell Centre

GLUAISEACHT are mobilising people from all over Ireland to travel to London this St. Patrick’s weekend to “return the pipeline to Shell!” We are bringing a 70ft pipeline to Shell H.Q. on St Patrick’s day to protest against the give away and mismanagement of our natural resources and to show our solidarity with the Shell [...]

The Associated Press: Fire breaks out at one of UK’s largest gas terminals

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 [...]

East Anglian Daily Times: Massive explosion at gas terminal

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 [...]

Reuters: Major fire at large gas terminal

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 [...]

Bloomberg: Fire Doused at Shell’s Bacton Gas Terminal in England (Update2)

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 [...]

Reuters: Shell finishes Nigeria’s Bonny oil pipeline repair

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 [...]

Further ‘Live Chat’ discussion on Shell in Nigeria: updated

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 [...]

THE NEW YORK TIMES: Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny (*This is what really scares the top people at Shell)

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 [...]

ForeignAffairs.org: Arctic Meltdown: The Economic and Security Implications of Global Warming

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. [...]