Technology has outgrown Shell Oil Co.'s longtime Bellaire research hub where scientists made oil and natural gas production breakthroughs for decades. So the U.S. arm of Netherlands-based Royal Dutch Shell is launching a $300 million renovation and expansion of another technology research campus in west Houston.
July 2nd, 2008:
Shell outgrows Bellaire hub
The dark side of oil
On June 17, CBS Evening News televised a segment called "The Dark Side of Oil," in which the network named companies that make up the Intercontinental Exchange, an oil futures market speculation group that operates out of London to circumvent U.S. regulation.
TNK-BP CEO, execs get permits to stay in Russia
MOSCOW, July 2 (Reuters) - Russia will renew work permits and visas for the chief executive and managers of BP's (BP.L: Quote, Profile, Research, Stock Buzz) oil venture TNK-BP TNBPI.RTS, easing fears of a exodus of foreign staff caught up in a bitter corporate dispute.
Flirting with disaster
In his new book entitled Flirting with Disaster: Why Accidents are Rarely Accidental he analyses catastrophes ranging from the space shuttle crashes Columbia and Challenger to the collapse of Arthur Andersen in the wake of the Enron scandal, Merck's Vioxx disaster and the BP Texas City refinery fire.
Energy Watchdog Expects Oil Markets to Stay Tight
Global oil markets will remain tight over the next five years, the International Energy Agency warned Tuesday, in a gloomy assessment that offered little respite for consumers battered by record-high oil prices.
Investors bet on oil at $300 this year
Investors are betting that the oil price could surge to $300 a barrel by the end of the year
BP’s foreign staff may have to quit Russia ‘in weeks’
A person close to TNK-BP said visa and work permit problems looked "orchestrated and choreographed" to force foreign staff out.
Russia, TKN TNK-BP and the rule of law
Whatever expectations one has of the Russian government and civil institutions, they always disappoint.
Exxon attacks Kazakh oilfield delays
ExxonMobil, the world's biggest listed integrated energy group, yesterday blamed the government of Kazakhstan for delaying the development of the world's biggest new oilfield, significantly raising the level of acrimony surrounding the troubled project.
Troubled waters: Nigerias oil militants take their fight beyond the delta
Wanted: a hero to save Nigerias oil industry.
Oil Demand Will Grow, Despite Prices, Report Says
China will account for a third of the increase in oil demand over the next five years, the International Energy Agency said.
Energy experts puzzled over oil prices
As crude soared to a new record, the head of the International Energy Agency declared that the world was in the grip of an ''oil shock,'' and the president of OPEC acknowledged he could not say whether prices would flatten out or continue to soar.
U.S. Won’t Let Iran Shut Gulf: Navy Official
ABU DHABI (Reuters) - The United States will not allow Iran to block the Gulf, the waterway that carries crude from the world's largest oil exporting region, the U.S. Navy's Fifth Fleet said on Wednesday.
Saudi king urges consumers to get used to high oil price
King Abdullah of Saudi Arabia, whose nation is the world's number one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday.
BP faces endgame
The struggle for control of BP's Russian joint venture TNK-BP has escalated into open warfare...
Climate more urgent than economy, say voters
Voters think that taking action against climate change matters more than tackling the global economic downturn, according to a Guardian/ICM poll published today.