Posts on ‘January 22nd, 2007’

January 23, 2007 Carl Mortished and Julian Evans in Moscow State companies get monopoly rights Region has huge untapped reserves   Moscow has closed the door further to Western participation in Russia’s Arctic energy wealth with a proposal to grant Rosneft and Gazprom, the state oil and gas companies, exclusive rights to develop offshore oil [...]

Tuesday 23 January 2007 Live Chat Guest 7018 asks: “are there really spooks watching this site? is that just a scare story from donovans? Reply from Alfred and John Donovan… We have made no such claim or allegation. The short answer is that we do not know. We are aware that Shell monitors the site. [...]

Crude-oil futures tumbled 1.7% to $51.13 a barrel after earlier rising as high as $53.44, shrugging off forecasts for colder U.S. weather and increased heating oil demand. Here is Monday’s roundup of oil and energy news: * * * BETTER TIMES FOR SINOPEC: Conditions for Sinopec, China’s biggest oil refiner, were looking good this year [...]

Mon Jan 22, 2007 8:57am ET HOUSTON, Jan 22 (Reuters) – A Saturday electrical failure upset equipment at Shell Oil Co.’s (RDSa.L: Quote, Profile , Research) 99,000 barrel per day (bpd) Los Angeles-area refinery in Wilmington, California, according to a notice filed with the state Office of Emergency Management. The early-morning upset triggered the refinery’s [...]

22 January 2007 16:24 An engineering consultancy firm has been appointed to help find an alternative route for the controversial Corrib Gas pipeline in Co Mayo. Shell Ireland and its partner companies Statoil and Marathon made the announcement this morning. Shell says it intends to modify the planned route, which has been strongly opposed by [...]

MOSCOW, January 22 (RIA Novosti) – Environmental damage inflicted by the vast Sakhalin II oil and gas project off Russia’s Pacific Coast amounts to $5 billion, the head of the Russian Audit Chamber said Monday. The formerly Shell-led project experienced months of intense pressure last year from Russian authorities, who accused it of causing serious [...]

Published:  22 January, 2007  FRIENDS of the Earth today called on wildlife lovers and photographers to submit images that highlight the damage done to wildlife by oil and gas companies, including Shell, to the 2007 Shell Wildlife Photographer of the Year competition, which is launched today. The environmental campaign group is encouraging people to submit [...]

Simon Rubinsohn, Senior Strategist, Barclays Wealth 22 January 2007 EXTRACT FROM Companies and Markets: The fortunes of BP and Royal Dutch Shell will depend to a large extent on the oil price, which is currently sliding towards its lowest level since the spring of 2005.

January 22, 2007 5:18 AM ET   MOSCOW (AP) – State-controlled energy giants OAO Gazprom and OAO Rosneft will divide up Russia’s oil and gas-rich seabed evenly, the financial newspaper Vedomosti reported Monday, a step that would leave foreign oil companies with a minority role at most. While the move has not been officially backed [...]

Created: 22.01.2007 12:03 MSK (GMT +3), Updated: 12:04 MSK   Russia will equally split all new offshore oil and gas fields between state firms Rosneft and  Gazprom, further limiting foreign and private access to its energy, Vedomosti business daily said on Monday, Jan. 22. The paper quoted government sources as saying the decision was taken [...]

Mon Jan 22, 2007 8:53 AM GMT By Laurence Fletcher LONDON (Reuters) – Justin Seager, a fund manager at Jupiter Asset Management, has bought a position in Royal Dutch Shell because the poor performance of its shares means it is now attractively valued. “The big ones (oil stocks) have been awful. Now they are sufficiently [...]

01.22.07, 2:33 AM ET   LONDON (AFX) – Outgoing BP PLC chief executive Lord Browne of Madingley backed a merger with Royal Dutch Shell, said a report in The Daily Telegraph. A source told the newspaper Browne planned to merge BP (nyse: BP – news – people ) with Shell, but the proposal was never [...]

Iris Cecilia C. Gonzales, BusinessWorld (Philippines) Published: Jan 22, 2007 Pilipinas Shell Petroleum Corp. of the Royal Dutch Shell Group may defer its multibillion-dollar expansion plan for its refinery in Batangas due to the high cost of the project. Energy Secretary Raphael P.M. Lotilla said the timing of Shell’s planned expansion is “something that is [...]

By Mariko Sanchanta in Tokyo Published: January 22 2007 02:00 | Last updated: January 22 2007 02:00 Japan and Russia will tomorrow begin their first high-level talks in four years as Tokyo aims to build a stable, long-term energy relationship with Moscow. The two countries are also set to discuss the contentious issue of four [...]

Hot Stock Market Makes Russian Leader a Hero With Money Managers By GUY CHAZAN January 22, 2007; Page A1 MOSCOW — In Western capitals, Vladimir Putin has an image problem. Politicians in the U.S. and Europe routinely accuse him of squelching domestic dissent, strong-arming foreign oil companies and using Russia’s vast energy resources to blackmail [...]