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Posts on ‘March 5th, 2008’

CBC News: Iraqi cabinet gives green light to oil ministry to sign oil deals

Published: Wednesday, March 5, 2008 | 5:34 AM ET Canadian Press: Sinan Salaheddin, THE ASSOCIATED PRESS BAGHDAD – Iraq’s cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the country’s crude output, a ministry official said Wednesday. The two-year deals, known as technical support […]

Reuters: UPDATE 1-Shell reaches wage deal for Pernis refinery

Wed Mar 5, 2008 5:08am EST AMSTERDAM, March 5 (Reuters) – Anglo-Dutch oil giant Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research)(RDSb.L: Quote, Profile, Research) said on Wednesday it had reached a wage agreement with unions for its employees at its Dutch Pernis refinery and its Moerdijk plant. Shell said in a statement salaries will […]

Oil & Gas Journal: Sakhalin-2 partners seeking swifter financing

Eric Watkins Senior Correspondent LOS ANGELES, Mar. 4 — Sakhalin Energy, operator of the Sakhalin-2 gas and oil project, reported it is no longer seeking loans from the US Export-Import Bank or the UK’s Export Credits Guarantee Department due to possible delays on loan decisions. A Sakhalin Energy spokesman said Ex-Im Bank might require lengthy […]

THE WALL STREET JOURNAL: Crude Oil Falls Below $100

As Stronger Dollar Prompts Retreat By BRIAN BASKIN March 5, 2008; Page C5 Crude-oil futures fell sharply yesterday as speculators drawn to the market by the weak dollar bailed at the first sign that the currency was strengthening. Light, sweet crude for April delivery settled $2.93, or 2.9%, lower at $99.52 a barrel on the […]

Financial Times: BP chiefs miss out on bonuses

By Ed Crooks in London Published: March 5 2008 02:00 | Last updated: March 5 2008 02:00 BP’s top executives, including Tony Hayward, chief executive, missed out on share bonuses last year after the UK company performed worse than its peers in terms of shareholder returns. The company’s annual report shows that five directors failed […]

Daily Telegraph: BP bosses miss out on £10.7m bonuses

Last Updated: 1:30am GMT 05/03/2008 By Russell Hotten BP’s top executives have missed out on share bonuses worth a potential £10.7m after the company’s dreadful performance in 2007. Chief executive Tony Hayward failed to qualify for up to £2.3m in share options after a troubled year in which his predecessor Lord Browne resigned and BP […]

The Times Online: BP chiefs share £10m despite profits plunge

March 4, 2008 Dearbail Jordan BP’s executive directors last year took home nearly £10 million in pay and bonuses after reporting a 22 per cent profit fall despite record oil prices Lord Browne of Madingley, who resigned as BP’s chief executive at the beginning of May after lying in court, received a total £2.7 million […]

The Guardian: Big energy firms play it dirty

Julia Finch Wednesday March 5 2008 Their audacity knows no bounds. The power companies are threatening to scale down their investments in green power projects if the government introduces a windfall tax on their high earnings. Obviously, they are not putting it that bluntly – choosing instead to demand a “stable, predictable investment climate” to […]

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