EXTRACTS: THE lure of Iran’s vast oil and gas reserves has proved too tempting for Repsol and Royal Dutch Shell… But Washington’s tough line over petroleum investment in Iran means it will be hard for companies to maintain operations in the US. John Browne, chief executive of rival BP has bowed to US pressure and [...]
Posts from ‘January, 2007’
ChinaView: Shell Helicopter crashes in South China Sea
KUALA LUMPUR, Jan. 30 (Xinhua) — A helicopter carrying 10 oil rig workers and two pilots crashed in the South China Sea offshore Bintulu in Malaysia’s eastern state of Sarawak on Tuesday afternoon. The website of Malaysia’s English-language newspaper The Star said that nine of the workers had found alive, one was missing, while the [...]
BBC News: In pictures: Delta artists
“I call this piece of sculpture Shell or Hell because [oil giant] Shell has done nothing but bring hell to the people of the Niger Delta,” says sculptor Pius Waritimi. Last Updated: Tuesday, 30 January 2007, 12:25 GMT For the complete article go to… http://news.bbc.co.uk/2/hi/in_pictures/6313035.stm
THE CALIFORNIA GASOLINE CRISIS: (with a related letter to Shell Oil President, John Hofmeister)
Why Californians Pay More at the Pump And How True Reforms Will Help California Service Station and Automotive Repair Association 1202 Grant Avenue, Suite B-1 Novato, California 94945 (415) 892-1243 www.CSSARA.org ________________________________________ TABLE OF CONTENTS Executive Summary I. HOW THE CALIFORNIA MARKET OPERATES TODAY II. COST TO CONSUMERS AND BUSINESSES III. OIL COMPANY PROFITS IV. [...]
Rigzone.com: Shell Offers Farm-In Opportunity Offshore Brazil
Monday, January 29, 2007 Shell Brasil Ltda. formally announces the opening of a Data Room for block BMS-31, Santos Basin, Brazil. The block is in shallow water (500m), contains a near term drilling opportunity, and greater than 1,000MMbbls potential. BMS-31 contains a drill-ready prospect with primary objective volumes estimated at 560MMbbls (STOIIP) of light oil. [...]
WALL STREET JOURNAL ONLINE: Oil News Roundup: January 30, 2007 12:37 a.m.
Crude-oil futures fell to $54 Monday after Saudi Arabia’s ambassador to the U.S. implied prices aren’t too low for the oil-producing kingdom, fueling speculation OPEC won’t attempt extra production cuts to buoy prices. Here is Monday’s roundup of oil and energy news: * * * SAUDIS TO PARE OUTPUT AGAIN: Saudi Arabia is cutting oil [...]
EarthTimes.org: Energy Watch: Gazprom mulls building a refinery for Iranian oil
By ANDREA R. MIHAILESCU Neft said it is considering constructing a $1.7 billion oil refinery with a capacity of 7 million tons of oil annually in Armenia near the border with Iran. The cost of the transportation infrastructure could cost an additional $1 billion.Industry analysts say that the project has little economic incentive; instead, there [...]
MosNews: Russian Economy, Energy Ministries Oppose Iranian Gas Cartel Proposal
Created: 30.01.2007 09:01 MSK (GMT +3), Updated: 09:01 MSK Russia’s Economy and Industry and Energy Ministries see no economic justification for Iranian Supreme Leader’s suggestion to create an international natural gas cartel. As MosNews has reported yesterday, Iran’s Supreme Leader Ayatollah Khamenei spoke in favor of setting up “a cooperation organization in the gas sphere, [...]
The Globe & Mail: Shell’s move away from gas refining gains pace with sale
Reuters News Agency LONDON — Royal Dutch Shell PLC says it is selling its Los Angeles refinery and related assets to Tesoro Corp. for $1.63-billion (U.S.) as the Anglo American oil giant further reduces its exposure to the refining industry. Tesoro chief executive officer Bruce Smith said the purchase will give the company profit growth [...]
ThisDayOnline (Nigeria): Supreme Court Orders Shell to Pay Firm N6.6bn
By Davidson Iriekpen, 01.30.2007 The Supreme Court has ordered Shell Trustees Limited (STL), a subsidiary of Shell Petroleum Development Company (SPDC), to pay a construction firm, Bill Construction Company Limited (BCCL), the sum of N6.6 billion in damages for a breach of contractual agreement between them. Besides, three banks (First Bank of Nigeria, Platinum [...]
Financial Times: Shell Iran plan will come under US scrutiny
By Ed Crooks in London Published: January 29 2007 23:39 | Last updated: January 29 2007 23:39 The US authorities will “take a look at” a controversial agreement signed over the weekend by Royal Dutch Shell that could ultimately lead to a multi-billion dollar investment in Iran, a US State Department official said. Shell and [...]
The Guardian: Shell defies American pressure and signs £5bn Iranian gas deal
Terry Macalister Tuesday January 30, 2007 Shell has signed an important deal to help Iran develop a major gas field, ignorming growing pressure from George Bush to isolate the country for being part of what he alleges is an “axis of evil”. The Anglo-Dutch group, which is struggling to bring more momentum to its business [...]
Daily Telegraph: Russia to review gas field licences
By Russell Hotten Last Updated: 12:44am GMT 30/01/2007 Russia’s official environment agency is to review the operation of licences that allow TNK-BP to develop the giant Kovykta gas field, where Gazprom, the state-run energy company, is negotiating to become a partner. Although the agency has not made recommendations about withdrawing the licences, the issue has [...]
Daily Telegraph: Shell deal in Iran faces US sanctions
By Russell Hotten Last Updated: 12:44am GMT 30/01/2007 A proposed agreement between Royal Dutch Shell and Spain’s Repsol to help commercialise Iranian gas fields could trigger US sanctions, a senior Washington official warned last night. On Sunday Iran signed a preliminary agreement with the two companies to produce liquefied natural gas from its South Pars [...]
CNNMoney.com: Big Shell Iran deal could bring U.S. sanctions
Officials say they will likely review Shell’s deal with Spain’s Repsol to develop Iran’s biggest natural gas field. January 29 2007: 5:41 PM EST WASHINGTON (Reuters) — A preliminary multibillion-dollar deal to develop a giant Iranian natural gas field signed by Royal Dutch Shell would likely trigger a review by U.S. officials to see if [...]


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