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Posts under ‘International Herald Tribune’

Navy: 12 gunmen dead in southern Nigeria clashes

The two naval vessels were heading to a base near a Royal Dutch Shell PLC installation in the Niger Delta when attackers riding in speedboats fired on the convoy, prompting a counterattack that left 12 assailants dead...

Shell: record 2Q net profit of $11.6 billion


International Herald Tribune

Shell: record 2Q net profit of $11.6 billion

The Associated Press Published: July 31, 2008

AMSTERDAM, Netherlands read more

International Herald Tribune: 150 U.S. Banks may fail

...the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say.

OPEC warns against military conflict with Iran

The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.

Life on the fringes of U.S. suburbia becomes untenable with rising gas costs

Suddenly, the economics of American suburban life are under assault as skyrocketing energy prices inflate the costs of reaching, heating and cooling homes on the outer edges of metropolitan areas.

Deals with Iraq are set to bring oil giants back

Exxon Mobil, Shell, Total and BP ? the original partners in the Iraq Petroleum Company ? along with Chevron and a number of smaller oil companies, are in talks with Iraq's Oil Ministry for no-bid contracts to service Iraq's largest fields, according to ministry officials, oil company officials and an American diplomat.

Iraq in talks with Royal Dutch Shell on joint venture deal to invest natural gas

BAGHDAD: The Iraqi Oil Ministry is negotiating with Royal Dutch Shell on a joint venture deal to develop natural gas associated with oil production in southern Iraq, two officials said Tuesday.

Oil leaps to new record above $129

Oil rose to a new record above $129 a barrel on Tuesday, spurred by strength in refined oil products markets, led by diesel, and a weak dollar.

UBS Swiss bank sued by claimants alleging it financed terrorism by doing business with Iran: Shell CFO Peter Voser is a UBS director

US victims of attacks in Israel and their families are suing Swiss bank UBS for 500 million dollars, alleging it financed terrorism by doing business with Iran, their lawyer told AFP Tuesday.

Oil companies could face payments in addition to $422M in gasoline additive lawsuit settlement

Companies including ConocoPhillips, Chevron Corp., BP PLC's BP America Inc., Royal Dutch Shell PLC's Shell Oil Co., Valero Energy Corp. and Marathon Oil Corp. agreed to pay $422 million (€275 million) to settle lawsuits claiming wells were contaminated by MTBE, a chemical that was once a key gasoline ingredient.

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