LAGOS, Nov 24 (Reuters) – Nigerian militants threatened to bring chaos to the western Niger Delta by interrupting shipping and attacking oil and gas facilities run by U.S. firm Chevron (CVX.N: Quote, Profile, Research, Stock Buzz) unless the region’s military commander was removed.
Posts on ‘November 24th, 2008’
Royal Dutch Shell Plc, Europe’s largest oil company, is examining possible oilfield projects in Iraq as the nation prepares to issue exploration permits next year, Chief Executive Officer Jeroen van der Veersaid today.
Royal Dutch Shell Plc has agreed to sell an annual two million tonnes of liquefied natural gas to China in a 20-year deal, China’s official Xinhua news agency reported on Monday, citing Shell’s China unit.
“Now is the time for agility and determination,” declared Paul Walsh, chief executive, Diageo, with Royal Dutch Shell’s chief Jeroen van der Veer chipping in: “When times are easy, anyone can succeed.”
“Don’t expect miracles in the first or second quarter,” van der Veer told reporters on the sidelines of the Confederation of British Industry’s annual conference on Monday.
China, the world’s second-biggest oil user, is expediting projects including nuclear power plants, gas pipelines and oil refineries to help stimulate the domestic economy and meet future energy demand. The country will overtake the U.S. as the world’s biggest oil and gas consumer in about five years, Royal Dutch Shell Plc said in September.
Nov. 24 (Bloomberg) — The world needs more dollars. The United States is preparing to provide them. In an all-out assault on capitalisms worst crisis since the Great Depression, the U.S. is taking on the role of both lender and borrower of last resort for the global economy.
Shell was the main buyer of the Chukchi leases in February, spending $2.1 billion. “Shell, like many other national and international oil companies, is actively assessing Arctic opportunities,” said Shell spokeswoman Darci Sinclair.