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Posts from ‘April, 2009’

David Greer still bobbing and weaving at Regal

In February, David Greer, chief executive, said he expected the loan documentation to be finalised within six weeks. However, on Wednesday he said: “We chose to suspend talks with Macquarie because of the heavy obligations and onerous conditions that were being proposed.

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Woodside agrees LNG land treaty

Under the agreement, the traditional landowners of James Price Point, which is north of Broome, would receive compensation of A$1bn (US$718m) over 30 years. BHP Billiton, BP, Chevron and Royal Dutch Shell have stakes in the Woodside-operated Browse Basin project.

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The Biofuel Bubble

A horde of startups have smart ideas. But the challenges are many, and the winners likely will be Shell, BP, DuPont, and other majors

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Iraq inquiry needs to look into the legacy of two Gulf wars

Except for the contentious initialisation of a Shell gas deal, the people have so far marshalled enough opposition to ward off multinational oil vultures’ attempts to stake out 25-year rights to Iraq’s resources on the back of shock and awe.

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INTERVIEW-Iraq MPs seeking to revoke Shell gas deal

SHARJAH, United Arab Emirates, April 16 (Reuters) – Iraq’s parliamentary oil and gas committee is seeking to revoke a multi-billion dollar gas deal signed by the oil ministry and Royal Dutch Shell ( RDSA – news – people) last year, the committee’s secretary said on Thursday.

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China secures 1st spot LNG cargo from Russia-sources

Shell Chief Executive Jeroen van der Veer said at least four LNG shipments had sailed from Sakhalin to various destinations since late last month.

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Iraq: the legacy – Basra’s failed oil bonanza

. As recently as the middle of February, 32 foreign oil companies – including Shell and BP – met the Iraqis in Istanbul and asked them to come up with more favourable terms for the southern fields, which hold as much as 40bn barrels of recoverable oil, around a quarter of the country’s total. Predictions of a final deal in June now look optimistic.

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Battle Over Offshore Drilling In Arctic Dwarfs ANWR

The biggest lease of the most recent sale went to Shell Gulf of Mexico, which spent $105 million for rights in the Chukchi Sea. Shell already had bought leases even further north and was ready with rigs when then-President George W. Bush lifted the ban on drilling along the Outer Continental Shelf.

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Shell Nigeria Declares Force Majeure On Bonny Light

LONDON (Dow Jones)–Royal Dutch Shell PLC’s (RDSB.LN) Nigerian joint venture has declared force majeure on its Bonny light crude oil shipments following a pipeline fire, a spokesman for the parent company said Wednesday, the latest output disruption from the troubled Niger Delta operation.

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UBS slashes 8,700 jobs and faces an uncertain future: Peter Voser has been a UBS director since April 2005

ZURICH (Reuters) – UBS AG will cut 11 percent of staff as it tries to stem losses and client withdrawals, its new chief executive said on Wednesday, warning that Switzerland’s largest bank still faces an uncertain future.

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