Posts on ‘April 8th, 2006’

Brad Foss Associated Press Business Writer Oil prices appear headed back toward $70 a barrel, a level not seen since Hurricane Katrina battered the Gulf Coast, and sporadic shortages have raised gasoline prices in the United States. While last summer’s price spike triggered outrage in Congress and hurt sport utility vehicle sales, it caused only [...]

Venezuela’s foreign minister said his country’s seizure of oil fields from France’s Total SA and Italy’s Eni SPA won’t hurt relations with other international investors. The move “doesn’t affect anything,” Foreign Minister Ali Rodriguez told The Associated Press April 4. “Almost all of the companies, including firms as important as ChevronTexaco, as well as Repsol [...]

Norway bans E&P in 31-mile zone near coast; issues 13 new exploration licenses Ray Tyson For Petroleum News Barents Sea newcomer Chevron has latched on to its first exploratory acreage in Norway’s 19th oil and gas licensing round, the first such offering since 1996 opening new frontier areas to drilling in the Arctic waters of [...]

08/04/06 The Corrib Gas Field saga is not over yet. One episode was determined in the High Court yesterday when the court decided that the Rossport Five are not to serve any more time in jail, although they are liable for Shell’s costs. In the event, it was a welcome and popular decision and affords [...]

The president of the High Court today ordered the Rossport Five to pay the legal costs to Shell following their contempt of court over their Corrib Gas pipeline protest. Judge Joseph Finnegan said that although the court had the right to punish the men for refusing to comply with the court order not to obstruct [...]

Friday, 07 April 2006 A settlement appears to be in the offing for disgruntled farmers in Gibbons Boggs and Chancery Lane, Christ Church. This development comes after two dozen farmers, following years of complaints, filed for a compensation package from the multi-national giant, Shell. They claim that a leak in a fuel oil line has [...]

Saturday 8 April 2006 NIGERIA: MILITANTS STEP UP THREATS Militants whose attacks have shut a quarter of Nigerian oil output threatened to execute anyone found on previously attacked oil platforms operated by Royal Dutch Shell. The threat came as the oil giant said it hoped to return employees to an abandoned offshore oilfield within days. [...]

Lorna Siggins, Marine Correspondent Apr 08, 2006 Shell E&P Ireland and the five Co Mayo men jailed last year over opposition to the Corrib gas onshore pipeline have both welcomed yesterday's ruling by the president of the High Court, Mr Justice Finnegan. Dr Mark Garavan, spokesman for the five men, said there was “general and [...]

Apr 08, 2006 But High Court orders the pipeline protesters to pay the costs of Shell contempt action Ann O'Loughlin and Eugene Moloney THE Rossport Five will not be further punished as a result of their anti-pipeline protest, it emerged yesterday. The five men from Co Mayo spent 94 days in jail last year for [...]

Mary Carolan Apr 08, 2006 Five Co Mayo men will not be further punished at this stage following the High Court's finding that they were in contempt of court orders restraining interference with a Shell high-pressure pipeline near their homes in Co Mayo, the president of the High Court has decided. Mr Justice Joseph Finnegan, [...]

By Vanessa Houlder Published: April 8 2006 03:00 | Last updated: April 8 2006 03:00 Large companies considering leaving the UK for lower tax jurisdictions face a new obstacle as the result of the closure of a tax-avoidance loophole in yesterday's finance bill, writes Vanessa Houlder. Advisers said the move was a pre-emptive strike that [...]

By Carl Mortished Christophe de Margerie, head of exploration at the French oil giant, talks to our correspondent about going beyond the old petroleum practices SMALL enough to be a prayer rug, the Iraqi carpet occupies a special position in front of Christophe de Margerie’s large and cluttered desk. It’s a crudely woven piece of [...]

By Carl Mortished, International Business Editor THE world lacks the means to produce enough oil to meet rising projections of demand for fuel over the next decade, according to Christophe de Margerie, head of exploration for Total and heir presumptive to the leadership of the French energy multinational. The world is mistakenly focusing on oil [...]