Oil majors like Royal Dutch Shell and other companies are re-examining the viability of oil sands development in an area that could hold as much as 175 billion barrels of oil. Only Saudi Arabia has more than Alberta.
November 17th, 2008:
Further signs of stress in Canada’s oil sands
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Jorma Ollila speaks out
Jorma Ollila, the head of the European Round Table of Industrialists and chairman of Nokia and Royal Dutch Shell, told the Financial Times that large, healthy companies were deeply concerned about whether their suppliers could get credit.
Shell Dutch refinery could restart Tuesday-traders
LONDON, Nov 17 (Reuters) - Royal Dutch Shell is expected to restart oil units at its Pernis refinery in the Netherlands on Tuesday if there are no further delays, trading sources said on Tuesday.
Nigerian Police Rescue Captured Shell Employee in Niger Delta
Nov. 17 (Bloomberg) -- Nigerian police rescued an employee of Royal Dutch Shell Plc hours after he was abducted by unidentified gunmen, a military spokesman said.
Total Plans $15 Billion in Takeovers, Citigroup Says (Update1)
Nov. 17 (Bloomberg) -- Total SA, France's largest oil company, is targeting $5 billion to $15 billion in acquisitions, possibly in the U.S. and Australia, Citigroup Inc. said.
Oil prices fall on economy fears
Oil prices have fallen because of more bad economic news and after Opec hinted it would not cut oil production soon. US light, sweet crude fell more than $1 to $55.93 a barrel. Brent crude lost 52 cents to $53.72.
Nationalisation of ExxonMobil and the rest as the spoof New York Times said? It could happen!
A few weeks ago I argued on Blogger News Network that there was a growing case for extensive intervention by Western Governments in the energy sector in general and in the oil industry in particular.
The candidates in the US Presidential Election all said that America must move towards energy independence and here in Western Europe, including the United Kingdom, there is a similar urgent need for the development of a comprehensive long term energy plans. The United States is currently highly dependent on oil supplies from countries which offer limited guaranties of continued reliable supply and no guarantees at all in respect of price. As the crude oil price has fallen in recent weeks OPEC has announced that it will curb production in order to try and boost prices, something that the ailing western economies need like a hole in the head – but no doubt a few Saudi palaces need their gold to be burnished so America and the rest of us will have to pay.
Shell employee kidnapped, rescued in Nigeria
Unidentified gunmen in southern Nigeria held hostage a local employee of Royal Dutch Shell for several hours at the weekend before he was rescued, army and police sources said Monday.
Nigerian Oil Pipe Fire Extinguished, 6 Workers Died, Shell Says
Nov. 17 (Bloomberg) -- Royal Dutch Shell Plc, Europe's biggest oil producer, said a fire at a Nigerian oil pipeline was extinguished. The blaze killed six workers.
Shell secures 25-year access to Iraq’s oil, gas
A joint venture between Royal Dutch Shell and Iraq's state-owned South Gas Co. could give Shell a 25-year monopoly on production and exports of natural gas in much of southern Iraq - the biggest foreign role in Iraq's oil and gas sector in four decades.
Not Everyone Will Live to 110
There was more evidence of pensions in crisis last week, when U.K. telecom provider BT Group secured agreements with its trade unions on cutbacks to its £34.4 billion ($50.9 billion) plan. Other companies such as Royal Dutch Shell are making similar moves. Rising life expectancy is one of the factors they cite.
Security Thwart Shell Protest
The demonstration marked the 13th anniversary of the death of Saro-Wiwa. As reported in Student Direct, Shell has recently joined forces with the University of Manchester to develop biofuels.
Opec wants oil at $70-$90 a barrel
By Carola Hoyos
Published: November 17 2008 02:00 | Last updated: November 17 2008 02:00
The Opec cartel wants oil prices of $70-$90 a barrel, Chakib Khelil, Algeria’s energy minister and the group’s president, said yesterday as he suggested the group would try to defend this level with further production cuts.
The group, which control’s 40 per cent of world supplies, will next meet this month in Egypt and in Algeria in December. It is already cutting production to adhere to its decision to cut output by 1.8m barrels a day from November 1.
Asians fail to join class action claims
According to Goal, almost $12bn in settlements, to which shareholders were entitled, was not reclaimed through class actions from 2000 to 2007. The list includes settlements against Enron, Worldcom, Parmalat and Royal Dutch Shell.
At Exxon, Making the Case for Oil
Exxon is a very professional company, says Jeroen van der Veer, the chief executive of a leading competitor, Royal Dutch Shell.
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