Posts on ‘March 26th, 2008’

By Matthew Green in Lagos Published: March 26 2008 17:11 | Last updated: March 26 2008 17:11 Umaru Yar’Adua, Nigeria’s president, has sacked two ministers on suspicion of stealing public funds, a sign he is adopting a more assertive style after surviving a legal challenge last month to his election victory. The ministers were the [...]

By Ed Crooks Published: March 26 2008 21:58 | Last updated: March 26 2008 21:58 Royal Dutch Shell is working on a process to turn sugars into a synthetic petrol, rather than ethanol, with the aim of moving to a commercial demonstration plant in two years’ time. Europe’s biggest oil company on Wednesday announced a [...]

COMMUNICATION FROM THE PRESIDENT OF MOSOP-USA (MOSOP-USA) P.O. Box 607113 Chicago, Illinois 60660    Tel: 773. 262. 6869 E-mail: mosopusa@gmail.com    From the President’s desk March 22, 2008 SHELL AGAIN? Fellow Ogonis and Supporters of the Ogoni Cause, I salute you! Few weeks back we were jolted by the news of Shell’s purported return to operation [...]

March 26, 2008 Patrick Hosking: Business commentary It’s hard to know the precise motivation for the targeting of BP’s joint venture TNK-BP by the Russian authorities, but the idea that the events of the past few weeks are all coincidental stretches credulity. First an employee is accused of industrial espionage; then an environmental investigation is [...]

March 26, 2008 Robin Pagnamenta and Tony Halpin in Moscow BP’s problems in Russia escalated yesterday after the oil giant was forced to suspend 148 employees seconded to TNK-BP, its Moscow-based joint venture, after a dispute over visas. Fears that BP had become the latest victim of an ongoing power struggle between the Kremlin and [...]

Shell Investigated for Corruption  By Department of Justice, SEC By BENOIT FAUCON March 26, 2008 3:52 p.m. LONDON — The U.S. Department of Justice is examining corruption allegations in the use of a freight-forwarding firm by Royal Dutch Shell PLC, the company said in regulatory filing published last week. A probe by the Securities and [...]

By SHAWN MCCARTHY Toronto Globe and Mail 2008-03-27 00:00:00 Under the original optimistic plans, nearly half a million barrels a day of crude oil should now be flowing from Kazakhstan’s Kashagan field, which contains the world’s largest untapped reserves. Despite record crude prices, however, not a single barrel has made it out of the ground. [...]

This Saturday, if you are in Dublin, please join the Shell to Sea protest at the Shell petrol station on the Finglas Road. 12noon – March 29th at Shell Glasnevin, opposite the main gates of Glasnevin Cemetery. All the fuel sold at this business still comes from Shell, even though the company running the forecourt [...]

Survey finds more than 75 percent of Americans have bonded emotionally with their autos HOUSTON, March 26 /PRNewswire/ — A new Shell “Autotude” Survey(i) reveals that American drivers think of their autos as more than just a piece of machinery. The survey shows Americans believe their vehicles have unique personalities (67 percent), would make them [...]

Under pressure: The visa row over BP’s employees in Russia follows a raid last week on its HQ there Last updated at 11:29am on 26th March 2008 BP has been forced to suspend 148 employees in Russia in a dispute over visas. The suspensions will fuel suspicions that TNK-BP, the British energy giant’s Russian joint [...]

Tuesday, March 25, 2008; 12:29 PM NEW YORK (Reuters) – Legendary oil investor T. Boone Pickens, who made more than $1 billion in 2006 by betting on rising oil prices, said he expects oil prices will hold near or above $100 a barrel for the rest of this year. He added that he made “a [...]

A customer looks over a gasoline pump at an Exxon station in Columbus, Ohio, Sept. 13, 2007. Photographer: Gary Gardiner/Bloomberg News By Joe Carroll March 26 (Bloomberg) — Exxon Mobil Corp. regained the mantle as the world’s biggest company by market value, overtaking PetroChina Co., whose shares have slumped 58 percent since its listing in [...]

Wed Mar 26, 2008 8:17am EDT TOKYO, March 26 (Reuters) – INPEX Holdings Inc (1605.T: Quote, Profile, Research) said on Wednesday its subsidiary has acquired a stake in the Sheffield Island offshore P799 license project in waters off the United Kingdom from a Shell (RDSa.L: Quote, Profile, Research) subsidiary stakeholder. An Inpex subsidiary was granted [...]

26 Mar 2008  Shell and Virent Energy Systems, Inc., (Virent (TM)) of Madison, Wisconsin USA, today announced a joint research and development effort to convert plant sugars directly into gasoline and gasoline blend components, rather than ethanol. The collaboration could herald the availability of new biofuels that can be used at high blend rates in [...]

Wednesday, March 26, 2008 OUR PLANET EARTH By STEPHEN HESSE If you ask British scientist James Lovelock about the future of humanity, be prepared for a shock. Writer Decca Aitkenhead of the London-based Guardian newspaper recently spoke with the 88-year-old independent scientist, inventor and author, and found his predictions “unnerving” and “alarming” — especially because [...]