Oil steady above $126

Posted on May 12, 2008 by John Donovan.
Categories: Oil Prices, Thomson Reuters.

PERTH (Reuters) - Oil hovered close to record levels above $126 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world’s largest crude producing region

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Iran says South Pars phase to come on stream soon

Posted on May 11, 2008 by John Donovan.
Categories: Gas, Iran, Thomson Reuters.

Mohammad-Javad Shams, board member of the Pars Oil and Gas Company, was speaking a day after Royal Dutch Shell RDSa.l said it had pulled out of developing another phase of South Pars, after pressure not to participate from U.S. lawmakers.

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Shell pulls out of Iran gas deal

Posted on May 10, 2008 by John Donovan.
Categories: Thomson Reuters.

LONDON (Reuters) - Oil major Royal Dutch Shell (RDSa.L: Quote, Profile,Research) has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran’s nuclear programme.

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Oil over $126, new peak for 5th straight day

Posted on May 9, 2008 by John Donovan.
Categories: Oil Prices, Thomson Reuters.

LONDON (Reuters) - Oil prices leapt to a new peak of more than $126 a barrel on Friday, hitting a record for the fifth straight session, in a market given an additional spur by tight supplies of diesel.

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Shell to shut Singapore CDU, 2 more units in June

Posted on by John Donovan.
Categories: Thomson Reuters.

SINGAPORE, May 9 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) will shut its second-largest crude distillation unit (CDU) and two secondary units at its Singapore refinery in June for routine maintenance lasting up to 30 days, refining sources said on Friday.

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Investors get much of Big Oil’s cash windfall

Posted on May 8, 2008 by John Donovan.
Categories: Shell, Thomson Reuters.

Executives such as Shell Chief Executive Jeroen van der Veer say their companies are doing their bit. Shell invested $7.6 billion in the first quarter, more than larger rival Exxon.

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Shell says no timeframe yet for Nigeria oil return

Posted on by John Donovan.
Categories: Exxon Mobil, Nigeria, Shell, Thomson Reuters.

LONDON, May 8 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Thursday part of its oil production in Nigeria remains shut following a spate of sabotage in April to its oil facilities and it still does not know when it can restore the lost production.

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Total CFO sees oil and gas output rising in 2008

Posted on May 7, 2008 by John Donovan.
Categories: Thomson Reuters.

LONDON, May 7 (Reuters) - Total expects production of oil and gas to rise in 2008, even if oil prices stay high, the French oil major’s Chief Financial Officer said on Wednesday.

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Exxon says Nigeria output back, Shell taking longer

Posted on May 6, 2008 by admin.
Categories: Thomson Reuters.

LAGOS, May 6 (Reuters) - Exxon Mobil has returned its oil output in Nigeria to normal operating levels after an eight-day strike while Shell said it would start partly resuming production shut by militant attacks “within days.”

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