Russian oil firm TNK-BP , half-owned by oil major BP, said on Monday it added 460 million barrels of oil equivalent to its estimated resources in 2008 due to geological exploration alone.
Posts on ‘January 28th, 2009’
France’s Total said it was launching a C$617 million (US$502 million) takeover bid for UTS Energy to gain a stake in the delayed Fort Hills oil sands project in Canada.
?Even if we look back at 1998 and 1986, we?ve never had this violent a shift at this extreme in terms of prices,? said Daniel Yergin, chairman of Cambridge Energy Research Associates Inc., referring to previous bear markets. Yergin will also be attending the forum in Davos, as will Jeroen van der Veer, chief executive officer of The Hague-based Royal Dutch Shell Plc
The state Attorney General?s antitrust unit is investigating whether Shell Oil Co. is ?illegally refusing to sell crude oil … or shutting off pipeline access? to Big West refinery on Rosedale Highway. The inquiry was confirmed in a letter dated Friday from Chief Deputy Attorney General James M. Humes to Sen. Barbara Boxer, D-Calif., who earlier this month forwarded to the office allegations that Shell was ?deliberately manipulating the supply (of oil) in order to force the refinery to shut down.?
They detail how companies, including General Electric, Procter & Gamble,Shell and Airbus, are busy integrating social networking into their corporate strategies. These companies, say the authors, are showing that the use of blogs, wikis, widgets and other Web 2.0 tools ?encourages horizontal collaboration and harnesses the power of collective intelligence to boost productivity, foster innovation and create enhanced value?.