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Posts on ‘July 13th, 2011’

Shell, Dow lose court challenge to EU antitrust fine

LUXEMBOURG, July 13 | Wed Jul 13, 2011 4:07am EDT (Reuters) – Royal Dutch Shell (RDSa.L) and Dow Chemical (DOW.N) lost a court appeal on Wednesday against a fine levied by EU regulators five years ago for taking part in a cartel, but the court cut a fine imposed on Italy’s Eni (ENI.MI). The General [...]

Robert Peston Article: Who is more powerful – Murdoch or Parliament

The question posed in the headline of the above article has been overtaken by events. News Corp has withdrawn its bid for the shares in BSKYB, which it does not already own. However, some of the matters he discussed about multinational companies remain relevant. Some extracts from the Robert Peston article: If ever there were [...]

Obama Sets Up Group to Coordinate Alaska Oil Exploration

By Katarzyna Klimasinska – Jul 12, 2011 6:39 PM GMT+0100 President Barack Obama created an interagency working group led by the Interior Department to oversee oil and natural gas exploration in Alaska. The group will coordinate permit decisions and environmental reviews for onshore and offshore projects, including Royal Dutch Shell Plc (RDSA)?s plan to drill [...]

Corrib gas could push up prices

10 July 2011 By John Burke Public Affairs Correspondent Homeowners are facing the ??very likely?? risk that energy prices could rise due to competition between the new Corrib gas supply and the Bord Gáis owned undersea gas-supply interconnectors, the state energy regulator has warned. In a paper published last week, the regulator said that any decline [...]

World oil demand to strain supply in 2012-IEA

Wed Jul 13, 2011 1:27pm GMT * IEA sees continued gap between OPEC output and demand for OPEC oil * Maintains that strategic petroleum reserves release is working * No decision yet on further stocks releases By Alex Lawler and Barbara Lewis LONDON, July 13 (Reuters) – World oil demand growth will accelerate next year, [...]