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Posts on ‘August 17th, 2010’

Cairn Energy?s $8.5 billion Mid-Life Crisis

Cairn bought the exploration licenses in Rajasthan from Royal Dutch Shell, who believed the properties contained no oil, in 1997 for just $7 million. THE WALL STREET JOURNAL By James Herron Instead of settling into the respectable middle tier of global oil producers as its major oil discoveries in Rajasthan, India, gradually come onstream, the [...]

Shell fuel manager defends advertising accusations

The Dominion Post A Shell fuel technology manager says he had not wanted advertisements to quantify fuel savings from a petrol additive because he did not want to end up in court defending it. But Eric Holthusen ended up in court anyway, where he said yesterday that he believed a 2006 advertising campaign for the [...]

Drilling Permits for Deep Waters Face New Review

THE NEW YORK TIMES By JOHN M. BRODER A version of this article appeared in print on August 17, 2010, on page A1 of the New York edition. WASHINGTON ? The Obama administration said Monday that it would require significantly more environmental review before approving new offshore drilling permits, ending a practice in which government [...]