forbes.com: Give Oil a Future William Baldwin 05.19.08 The energy market is misbehaving. See the story by Christopher Helman, explaining the mystifying failure of consumers to cut back and producers to open the spigot. Here’s one more weirdness: the absence of a long-term futures market. Users of petroleum pay $120 a barrel and wonder when [...]
Posts on ‘May 1st, 2008’
Allegation: massive Sakhalin II pipeline hydrotest failure has caused major environmental damage
Allegation: massive Sakhalin II pipeline hydrotest failure has caused major damage The following comment was posted on our Live Chat facility on Thursday 1 May 2008 guest_9125 : Massive pipeline hydrotest failure on Sakhalin northern pipelines has caused enormous environmental damage and has set back project schedule by at least two months. Gazprom know [...]
Chevron to Pay $30 Million to Settle Kickback Charges
THE NEW YORK TIMES: Chevron to Pay $30 Million to Settle Kickback Charges By THE ASSOCIATED PRESS Published: November 15, 2007 WASHINGTON, Nov. 14 (AP) ? Chevron has agreed to pay $30 million to settle charges that it had made illegal kickbacks to Iraq for oil purchased in 2001 and 2002 under the United Nations? [...]
Shell pulls out of world’s biggest wind farm near London, putting entire project at risk
Associated Press: Shell pulls out of world’s biggest wind farm near London, putting entire project at risk May 01, 2008 LONDON_Royal Dutch Shell PLC said Thursday it plans to sell its share in a project to build the world’s largest electricity-generating wind farm near the British capital, raising a strong possibility that the project will [...]
For Exxon Mobil, $10.9 Billion Profit Disappoints
THE NEW YORK TIMES: For Exxon Mobil, $10.9 Billion Profit Disappoints By JAD MOUAWAD Published: May 1, 2008 Exxon Mobil, the world?s largest publicly traded oil company, said Thursday that its first-quarter net income rose 17 percent, boosted by surging oil prices. But even as it posted the second-most profitable quarter in its history, Exxon?s [...]
Hillary Clinton’s Plan to Address Soaring Prices at the Pump
politickeror.com: Hillary Clinton’s Plan to Address Soaring Prices at the Pump By Lauren Lafaro FOR IMMEDIATE RELEASE April 29, 2008 Contact: Press Office, 703-875-1271 press@hillaryclinton.com OREGON: Hillary Clinton’s Plan to Address Soaring Prices at the Pump Americans are being squeezed at the pump like never before. The price of oil is approaching $120 a barrel, [...]
Exxon profit up 17% on oil surge
Exxon needs more renewable energy focus, the Rockefeller family say. BBC News: Exxon profit up 17% on oil surge Thursday, 1 May 2008 15:14 UK Oil giant Exxon Mobil made $10.9bn (£6bn) profit in the first three months of 2008 – up 17% but less than some had expected, analysts said. A struggle to pass [...]
Exxon, Shell say production still down in Nigeria
Reuters: Exxon, Shell say production still down in Nigeria Thu May 1, 2008 8:55am EDT LAGOS, May 1 (Reuters) – Exxon Mobil (XOM.N: Quote, Profile, Research) said on Thursday its production in Nigeria remained shut in while talks with striking unions continued, denying market rumours that it had begun to restart its 800,000 barrels per [...]
Article by former Royal Dutch Shell exec Paddy Briggs: Shell pulls out of Wind Farm project
Article by former Royal Dutch Shell exec Paddy Briggs: Shell pulls out of Wind Farm project ‘THURSDAY, MAY 01, 2008 Sometimes Shell?s actions are so extraordinary that you wonder if the announcements that they make are a wind up ? thrown into the ether just to see what might happen. The withdrawal from the ?London [...]
Shell seeks to sell stake in big UK wind project
Reuters: Shell seeks to sell stake in big UK wind project Thu May 1, 2008 9:45am BST LONDON, May 1 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) plans to sell its stake in one of the UK’s largest planned wind farms, as it shifts its wind power focus to the United States [...]
Shell pulls out of key wind power project
Financial Times: Shell pulls out of key wind power project By Fiona Harvey and Rebecca Bream in London Published: April 30 2008 23:39 | Last updated: April 30 2008 23:39 Plans for a massive expansion of offshore wind power generation were in disarray on Wednesday night after Shell pulled out of the UK?s flagship project. [...]
Exxon blasted by its founding family
Financial Times: Exxon blasted by its founding family By Sheila McNulty in Houston Published: April 30 2008 18:37 | Last updated: April 30 2008 18:37 The Rockefeller family, the longest continuous shareholder in ExxonMobil, on Wednesday blasted the world?s biggest listed oil company for failing to recognise the need to move away from oil and [...]
Myopic ExxonMobil is ignoring the planet’s future, say Rockefellers
Myopic ExxonMobil is ignoring the planet’s future, say Rockefellers · Descendants of Standard Oil founder want action · Shareholders call for chairman to be an outsider Andrew Clark in New York The Guardian, Thursday May 1 2008 Descendants of legendary oil tycoon John D Rockefeller have accused ExxonMobil of adopting a myopic approach towards alternative [...]
BG offers £6bn for gas firm after profits leap 78%
BG offers £6bn for gas firm after profits leap 78% Terry Macalister The Guardian, Thursday May 1 2008 BG Group has made a £6bn approach to buy an Australian gas company – its biggest takeover bid ever – after reporting a 78% increase in first-quarter profits from soaring oil and gas prices. The approach to [...]
Shell ditches renewable stake amid fears of a retreat to carbons
Winds of change: Shell ditches renewable stake amid fears of a retreat to carbons · £2bn UK windfarm project now at risk, says partner · Move comes as company invests in Canadian oil Terry Macalister The Guardian, Thursday May 1 2008 The future of the world’s largest offshore wind farm and a symbol of Britain’s [...]
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