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Posts from ‘June, 2008’

Winds of change blow across the global market

Shell sent shockwaves through the offshore market recently, when it pulled out of the London Array, a proposed development in the Thames estuary. Shell cited cost issues and said it could get a better return by investing in onshore wind assets in the US. Mr Cooper says that Shell’s decision raised doubts over the economics of offshore wind.

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New regime sought by big hitter

When news first broke late last year of the discovery of potentially massive deposits of oil and natural gas off the Brazilian coast, Dilma Rousseff, chief of staff to President Luiz Inácio Lula da Silva and a former energy minister, predicted Brazil would soon become “a new Saudi Arabia”

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Fresh delay to Kashagan oilfield plan sparks anger

Production at Kashagan, one of the world’s biggest oilfields, has been postponed by two years to 2013, Kazakhstan said at the weekend.

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Environmental credentials are called into question

Shell and BP are also exploring the possibilities of second-generation biofuels, the latter in partnership with the chemicals company DuPont.

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OPEC ministers meet amid market turmoil

With prices skyrocketing and supply fears growing, energy ministers from the world’s major producing nations and multinational oil company heads face unprecedented challenges at this year’s World Petroleum Congress.

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U.S. Advised Iraqi Ministry on Oil Deals

At a time of spiraling oil prices, the no-bid contracts, in a country with some of the world’s largest untapped fields and potential for vast profits, are a rare prize to the industry. The contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies.

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Shell floats NW Shelf condensate cargo off Singapore

Shell has been floating a 650,000-barrel cargo of Australian Northwest Shelf condensate off Singapore for about a week, likely due to maintenance of some units at its refinery on the island-state, shipbrokers and traders said on Monday.

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Militants Attack Shell’s Houseboat, Kill 2

SUSPECTED militants yesterday attacked a houseboat owned by Shell in Oloma area of Rivers State, killing two security operatives.

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Shell Chemicals seeks partners for new $500 million Singapore facility – report

Shell Chemicals, the petrochemicals unit of Royal Dutch Shell, is seeking potential partners for a $500 million styrene monomer/propylene oxide (SMPO) manufacturing facility it plans to build in Singapore…

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Oil Rises for a Third Day on Dollar Declines, Output Disruption

June 30 (Bloomberg) — Crude oil rose for a third day, trading near a record $142.99 a barrel in New York, as the slumping dollar and concern that supply may be disrupted spurred demand for commodities.

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