CALGARY, ALBERTA: Vermilion Energy Trust will purchase Marathon Oil Corp. subsidiary Marathon International Petroleum Hibernia Ltd. and its 18.5 percent interest in the Corrib natural gas development 83 kilometers (52 miles) offshore Ireland. The transaction is expected to close in the second half of 2009.
Posts on ‘June 24th, 2009’
Shell, human rights and corporate accountability
The implications of the settlement of damage claims against Shell, based on the allegation that it was complicit in the executions of Ken Saro-Wiwa and the other “Ogoni 9″ in 1995, as well as numerous other human rights violations, has been underestimated…
Big oil maintains its focus, mostly, on oil
And the European majors, BP and Royal Dutch Shell, who made names for themselves in leading the oil majors into renewables, now seem to be backtracking in those areas.
Shells gas discovery in Norway: the huge find in context
The truth is, the field may be pretty big, but even if the most optimistic estimates are right, it will not come close to the top of the list of the worlds biggest gas fields.
Marathon sells off Corrib stake
RTÉ Business Wednesday, 24 June 2009 15:34 US energy company Marathon Oil has agreed to sell its 18.5% stake in the Corrib gas field off the coast of Mayo in a deal which could be worth up to $400m (285m). The stake is being bought by Vermilion Energy Trust, an oil and gas company based [...]
Nigeria arrests nine gunmen linked to oil attack
PORT HARCOURT, Nigeria, June 23 (Reuters) – Nigerian security forces arrested nine gunmen suspected to be involved in last week’s pipeline attack that forced Agip to halt some oil output in the Niger Delta, the military said on Tuesday.
Showa Shell, Saudi Aramco to form solar power JV
(Reuters) – Japanese oil distributor Showa Shell Sekiyu KK and Saudi Aramco Oil Co plan to jointly set up small-scale solar power facilities in Saudi Arabia next year, the Nikkei business daily reported without citing sources.
Big Oil Ready for Big Gamble in Iraq
Some 120 companies expressed interest in bidding for the contracts at the June 29 and 30 auction, according to the oil ministry. Thirty-five companies qualified to bid, including Exxon Mobil Corp., Royal Dutch Shell PLC, Italy’s Eni SpA, Russia’s Lukoil and China Petroleum & Chemical Corp., or Sinopec. The six oil fields at stake are believed to hold reserves of more than 43 billion barrels. Foreigners won’t get the most prized piece of the action — ownership stakes in the reserves — but will be paid fees for ramping up output.
Shell pollution at Deer Park Refinery
Despite Shell’s state permits, the environmental groups found more than 1,000 occasions from 2003-06 when emissions exceeded hourly limits, which are meant to protect the public from acute, short-term harm. On three dates, records showed, Shell emitted more toxic compounds in a single day than its permits allowed in an entire year
Showa Shell, Saudi Aramco to start solar power project
Tue Jun 23, 2009 9:10pm EDT June 24 (Reuters) – Japanese oil distributor Showa Shell Sekiyu KK (5002.T) said on Wednesday it and Saudi Aramco Oil Co had agreed to start a feasibility study on solar power business in Saudi Arabia. Showa Shell, Japan’s fifth-biggest oil refiner, is investing in thin-film solar cells in a search [...]
Showa Shell Rises to Nine-Month High on Solar Project
June 24 (Bloomberg) — Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.
Russia: Oil Exploration Law May Need Revisions
Royal Dutch Shell executives publicly complained about the rule earlier this year. The company’s director for exploration and production, Malcolm Brinded, said in February that foreign investors wanted more confidence about accessing the oil and gas riches they discover.
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