ABC News quoted an unnamed senior Pentagon official as saying there is an “increasing likelihood” that Israel will strike Iran’s nuclear facilities before the end of the year. Such an attack could prompt Iran to retaliate, potentially disrupting oil supplies in the strategically vital Persian Gulf.
Posts on ‘July 1st, 2008’
Japan’s Showa Shell to build solar cell plant – report
Showa Shell Sekiyu KK plans to build one of the world’s biggest solar panel plants at a cost of more than 100 billion yen ($940 million), Wednesday’s online edition of Nihon Keizai Shimbun newspaper reported.
Iraq sues Chevron over kickbacks
The Iraqi government sued dozens of companies, including oil giant Chevron, for more than $10 billion (5 billion pounds) on Monday, saying they paid kickbacks to former Iraqi leader Saddam Hussein’s government under the U.N. oil-for-food program.
Wanted: Rooms for rent, must float
ExxonMobil Canada has gone on a search for floating living accommodations to hitch up to its Thebaud production platform at the Sable natural gas project.
Appetite for Arctic oil rises in line with crude prices
The appetite for Arctic oil has surged in line with rocketing crude prices but environmental concerns and a diplomatic stalemate stand in the way of exploration, experts say.
Shell Sells Stake in South Africa’s Biggest Refinery
Royal Dutch Shell Plc, which owns half of South Africa’s biggest refinery, sold 25 percent of its local refining unit to Thebe Investment Corp. to meet government requirements for ownership by black investors.
Militants kill 4 soldiers, 2 civilians in Bonny – claim one was beheaded (Shell has denied that any such attack occurred)
A civilian who said to be on a visit to a naval relative was also killed, while another civilian was beheaded by the gunmen at Oloma where the Dutch oil giant, Shell Petroleum Development Company has an oil flow station.
Iraq Oil Ministry Opens Door to Foreign Companies
Iraq has the fourth largest known reserves of oil — after Saudi Arabia, Iran and Canada.
Oil gives up record as dollar rebounds
The data provided more proof that high oil prices are taking a toll on consumption in the world’s largest market for crude.
Kuwait plans for Iranian oil blockade
Saad al-Shuwaib, chief executive of Kuwait Petroleum Corporation, the state oil company, told the Kuwait news agency that precautionary plans to export Kuwaiti crude if the Strait of Hormuz was closed were in place, but not yet finalised.
Turkish group looks south
A partnership with Shell to rebuild Iraq’s gas sector assures a role for TPAO in Iraq. “Shell is working on a master plan for the entire Iraqi gas sector. When this is approved, we’re ready to start work.”
Baghdad opens door to foreign developers
Jeroen van der Veer, chief executive of Royal Dutch Shell, said he hoped the agreements could be signed in “a matter of weeks”.
Energy chiefs absolve oil speculators
Jeroen van der Veer, chief executive of Royal Dutch Shell, Europes biggest international, integrated energy group, said on Monday: We dont think that the financial markets are leading the speculation. Probably they follow what other people fear as long-term fundamentals.
Moscow axes work visas for TNK-BP
BPs grip on its Russian oil joint venture was slipping on Monday after authorities in Moscow refused work permits to many of the companys foreign executives in a ruling that could see all of them forced out of the country by the end of the month.
Promise of Biofuel Clouded by Weather Risks
The floods have helped send the price of ethanol up 19 percent in a month. They appear to have had little effect on the price of gasoline at the pump, as ethanol represents only about 6 percent of the nations transport fuel today.
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