Crude-oil futures rallied for a third straight session, climbing above $62 on the New York Mercantile Exchange on unexpected declines in inventories and forecasts of chilly weather heading toward the East Coast. Here is Wednesday’s roundup of oil and energy news: * * * WAGONER’S PROMISE: The Greater Los Angeles Auto Show began with two [...]
Posts from ‘November, 2006’
Daily Telegraph: The age-old message: ingot we trust
EXTRACT: More controversially, he takes the Kremlin’s side in the dispute with Royal Dutch Shell, facing the threat of expulsion from Sakhalin after investing $22bn in the world’s biggest liquefied gas project. “Russia is an unrecognisable country since the day that Shell deal was signed, and the price of oil is much higher. I agree [...]
Daily Telegraph: Database: Energy: Thursday 30 November 2006
Last Updated: 12:23am GMT 30/11/2006 A round-up of headlines from across the financial sectors, provided by Bloomberg News. ENERGY • BP has been ordered to show it hasn’t broken a pledge to pay the medical bills of three workers hurt in a blast at a Texas refinery in March 2005 that killed 15 people and [...]
The Guardian: Russia wipes £130m from gold miner by threatening to revoke licences: ‘challenged by Oleg Mitvol’
Marianne Barriaux Thursday November 30, 2006 Russia said it was looking at revoking the licences of Peter Hambro, the gold mining company, in a fresh challenge yesterday to western businesses operating in the country. The Russian authorities have already attacked Shell, TNK-BP and ExxonMobil over their environmental records. Shares in Peter Hambro fell nearly 14% [...]
The Guardian: Russia takes a golden opportunity: As with Sakhalin-2, the man wielding the big stick was Oleg Mitvol, deputy chief of Rosprirodnadzor
Julia Finch Thursday November 30, 2006 Just two months ago in this column we quoted George Soros’s view of Russia as “a country that does not hesitate to use its monopoly power in devious and arbitrary ways”. Mr Soros was referring to letting the state-controlled Rosneft list in London, but his view was also a [...]
Shell to Sea: Protest at HQ of Shell Exploitation Ireland, 52 Lwr Leeson Street Dublin 2:\2PM December 2nd 2006
There will be a demonstration in Dublin outside the Shell Headquarters, 52 Lower Leeson Street, Dublin (corner of Adelaide Road) on Saturday December 2nd at 2PM. Speakers will include local people from Rossport including Willie Corduff and Bríd Ní Sheighin, Finbar Dwyer from the Rossport Solidarity Camp, and a representative of Dublin Shell to Sea. [...]
Reuters: Russian steel, mining firms credit ratings lag -S&P
EXTRACT: Doing business in Russia is risky.. An example is the giant Sakhalin-2 oil and gas project, led by Shell, which has come under pressure from the Russian authorities since the Anglo-Dutch oil major said costs would double to $22 billion. THE ARTICLE LONDON, Nov 29 (Reuters) – Doing business in Russia is risky and a [...]
BBC News: EU orders fine for rubber cartel: ‘Royal Dutch Shell was fined 160.8m euros’.
The European Commission has fined five oil and chemical companies £519m ($682m) for price-fixing. Italy’s Eni faces the largest fine, of 272m euros (£183m; $357m), while Royal Dutch Shell was fined 160.8m euros. The EU imposed the fine after learning that five firms were fixing the price of synthetic rubber used for tyres. The fine [...]
PeterboroughToday.co.uk: Three held in card clone probe: All the men arrested are believed to be Shell employees
(Police swoop on a Shell filling station in Westfield Road. Picture: ROWLAND HOBSON) THREE men have been arrested today (November 29) in early morning raids in connection with an alleged card cloning scam in Peterborough. Fraud squad detectives and police officers swooped on seven properties, including three filling stations, in and around Peterborough shortly after [...]
Reuters: Shell Deer Park JV refinery restarts cat cracker
HOUSTON, Nov 29 (Reuters) – Shell Oil Co.-Pemex joint venture Deer Park Refining on Wednesday began restarting a gasoline-producing catalytic cracking unit at the 340,000 barrel per day refinery in Deer Park, Texas, according to a notice filed with the state pollution regulation agency. Normal start-up procedures were to be followed, according to the notice [...]
Bloomberg: Cartlel fined EU519 Million: Royal Dutch Shell Plc fined 160.9 million euros as a repeat offender
By Matthew Newman Nov. 29 (Bloomberg) — Dow Chemical Co., the largest U.S. chemical maker, Eni SpA and three other chemical makers were fined 519 million euros ($682 million) by the European Union for fixing the prices of ingredients in rubber used in tires and shoes. Eni received the biggest penalty at 272.2 million [...]
RIA Novosti: Russia environment watchdog to submit Sakhalin II report in Dec.
16:33 | 29/ 11/ 2006 MOSCOW, November 29 (RIA Novosti) – Russia’s environmental watchdog will present a final report on the Sakhalin II oil and gas project in the country’s Far East by mid-December, a senior service official said Wednesday. The service said earlier this month that project operator Sakhalin Energy, controlled by Royal Dutch [...]
MarketWatch: BP confirms two recent contractor fatalities in U.S.
By Jessica Resnick-Ault Of DOW JONES NEWSWIRES Last Update: 6:38 AM ET Nov 28, 2006 In yet another blemish to its accident-marred U.S. division, BP PLC (BP) Monday confirmed that two contract workers at its U.S. drilling operations died in on-the-job accidents in mid-November. The first fatality occurred on the Alaskan North Slope on Nov. [...]
American Reporter: WHILE YOU WERE DISTRACTED… The Oil Crisis
by Mark Scheinbaum American Reporter Correspondent Lake Worth, Fla. The Oil Crisis: U.S. taxpayers are paying to send oil to Iraq. Shall we try this again? Okay, the ruptured petrochemical infrastructure plus sabotage in Iraq means that Iraqis are using gasoline U.S. troops bring into the oil-rich country. Meanwhile, Royal Dutch Shell for the second [...]
www.bbj.hu: Mitsui & Co. expects conclusion on Gazprom talks
bbj.hu11. 29, 2006. Wednesday 07:44 The talks include the portion of the €16.7 billion ($22 billion) project cost to be borne by Gazprom and existing investors, Utsuda said in an interview in Tokyo. Mitsui & Co. President Shoei Utsuda said talks by partner Royal Dutch Shell Plc to resolve environmental concerns at Sakhalin-2 and to [...]


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