Posts on ‘January 23rd, 2007’

Wednesday, January 24, 2007. Issue 3581. Page 5. Reuters Gas monopoly Gazprom said reports that it was seeking a $10 billion loan to buy half the Sakhalin-2 project and assets of bankrupt firm Yukos were “wrong.” Interfax news agency on Tuesday quoted a banking source as saying Gazprom was holding talks with bank organizers and [...]

Crude-oil futures rallied more than $2 a barrel and briefly topped $55 after the U.S. announced plans to double the size of the Strategic Petroleum Reserve and start purchasing crude oil toward that goal. Here is Tuesday’s roundup of oil and energy news: * * * RENEWABLE FUELS TO STAR IN ADDRESS: As part of [...]

By BROOKE DONOVAN January 23, 2007 4:14 a.m. LONDON — Royal Dutch Shell PLC Tuesday announced plans to raise its offer for the shares in Shell Canada it doesn’t already own by 12.5% to C$8.7 billion (US$7.36 billion), or C$45 a share, after coming under pressure from investors. The U.K. oil major announced plans in [...]

Terry Macalister Tuesday January 23, 2007 Guardian Unlimited Shell has been forced to raise its offer and spend £3.7bn buying out the 22% stake that it does not own in its Canadian business in a move to bolster production in the aftermath of the US reserves scandal and the forced sale of assets at Sakhalin [...]

by Lord Browne of Madingley Group Chief Executive BP p.l.c. World Energy, v10n1 Ten years ago, most people still derided thepossibility that human activity was having an impact on the climate. When we in BP firstspoke out on the issue in 1997, we were attacked for having left the church – for having dared to [...]

Jan 23, 2007, 17:35 GMT Moscow – Russian natural gas monopoly Gazprom is looking to borrow 10 billion dollars to finance construction at Sakhalin-2, the country’s largest energy development and from which it recently obtained a 50-per cent stake from Royal Dutch Shell, Interfax reported. The loan would go towards buying assets from ruined oil [...]

by Lord Browne of Madingley Group Chief Executive BP p.l.c. World Energy, v10n1 Ten years ago, most people still derided thepossibility that human activity was having an impact on the climate. When we in BP firstspoke out on the issue in 1997, we were attacked for having left the church – for having dared to [...]

Irish Times article followed by letter on the same subject… THE ARTICLE: Irish Times: Shell hires advisers for revised gas route Lorna Siggins, Marine Correspondent, Irish Times Published: Jan 23, 2007 Shell E&P Ireland has hired consultants RPS to assist it in finding a modified route for the controversial Corrib gas onshore pipeline. The company’s [...]

http://www.anphoblacht.com/news/detail/17466   VINCENT McGRATH of the Rossport Five talks to ELLA O’DWYER about current developments in the Shell to Sea campaign More than 100 Shell to Sea campaigners picketed the head office of Údarás na Gaeltachta in Furbo, outside Spiddal, in County Galway, last week to protest against the authority’s decision to give premises in [...]

Nigel Green in Newcastle, Lloyds List Published: Jan 23, 2007 A PIONEERING windfarm off the coast of northeast England may have to be dismantled after being plagued by technical problems. The news comes after revelations that the two turbines installed around half a mile off the Port of Blyth in Northumberland have not been working [...]

Lorna Siggins, Marine Correspondent, Irish Times Published: Jan 23, 2007 Shell E&P Ireland has hired consultants RPS to assist it in finding a modified route for the controversial Corrib gas onshore pipeline. The company’s brief includes “consultation around the criteria for finding a modified route, surveying and mapping, engineering design, environmental assessment, procurement support and [...]

January 23, 2007 Steve Hawkes   Royal Dutch Shell has taken a big step towards winning full control of its business in Canada by tabling a new £3.7 billion bid for the minority shares.   The Anglo-Dutch oil group said that the revised offer – up to C$45 a share from C$40 – had won [...]

Yemie Adeoye, Vanguard (Nigeria) Published: Jan 23, 2007 THE Shell Petroleum Development Company (SPDC) of Nigeria Limited has finally put out the wellhead fires on Bomu – 41 and 50, however, the gas leaks continue because the communities have refused to allow the company secure the wells. A statement from the company pointed out that [...]

By Vladimir Socor Tuesday, January 23, 2007 On January 21 in Sochi, Russian President Vladimir Putin assured a skeptical Angela Merkel — visiting in a triple capacity as German Chancellor, holder of the European Union presidency, and incoming G-8 chair — about Russia’s purported reliability as an energy partner to the West. The relevant actions, [...]

January 23, 2007 by Nicola Nasser   While the Iraqis were busy counting their death toll of more than 650,000 since March 2003, the United Nations busy counting their dead of more than 34,000 in 2006 only, the Pentagon counting more than 3,070 American deaths and the U.S. treasury counting more than $600 billion of taxpayer [...]