Shell Oil Co. plans to modernize and expand its Westhollow Technology Center in Houston and rename it Shell Technology Center-Americas.
Posts on ‘June 27th, 2008’
Moreover, there are a number of plausible scenariostaken from todays headlinesthat could greatly impact world oil prices and take an even greater toll on US consumers. We doubt that these risks are fully priced into the market.
Of the 15 former Soviet republics, Kazakhstan is sitting on the sole “superfield” discovered in the last three decades. With proven reserves of 35 billion barrels, Kazakhstan potentially contains the world’s third largest reserves of oil, after Saudi Arabia and Iraq.
Shell has leased storage in South Korea from Korea National Oil Corp (KNOC) for Iraq’s Basra Light crude, trade sources said on Friday, a rare move that could help the major bypass uncertainties at the loading port.
SEC Proposes Change In Oil, Gas Reporting: The SEC plan would allow oil and gas companies to include previously excluded sources of oil, such as tar sands, and disclose “probable and possible” reserves, not just those proven to exist.
With oil prices having doubled over the past year, political leaders, Wall Street investors, commuters, airlines and car makers are all scrambling to divine where prices will head next.
Capitol Hill has jumped on the blame-the-speculators bandwagon.
Global stock markets tumbled as a weak dollar pushed the oil price over $140 a barrel for the first time in London and New York.
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”.
…trying to save capitalism from its excesses.
A dispute over an oil project in Iraq was the final straw that triggered a public falling out over control of TNK-BP, according to BP’s partners in the Russian joint venture.
Royal Dutch Shell, the Anglo-Dutch oil and gas group, is planning to construct a 3.5 million tonne floating liquefied natural gas facility. Three consortiums comprising engineering and shipyard contractors are vying for the contract.
…comments from Opec that oil could reach $170 a barrel this summer also hit stocks.
It seems unthinkable, but for the first time in human history, ice is on course to disappear entirely from the North Pole this year.
In late May, President Umaru YarAdua told his government to recoup $1.9 billion from Exxon Mobil and Royal Dutch Shell in revenue and taxes on offshore projects. The government accuses oil companies of reaping excessive profits and benefiting unfairly from agreements made with long-departed military regimes.