Posts on ‘February 8th, 2007’

February 09, 2007 Tony Halpin in Moscow The Kremlin has linked its co-operation in solving the murder of Alexander Litvinenko to British help in extraditing exiled critics of President Putin. Russian officials demanded that Boris Berezovsky, a billionaire businessman, and the Chechen separatist envoy Akhmed Zakayev should be sent back. The issues were raised at [...]

February 09, 2007 Carl Mortished, International Business Editor Frank Chapman, the chief executive of BG Group, has told consumers to expect higher gas prices over the long term, as the gas explorer and liquefied gas trader reported that sliding international wholesale prices had eroded profits in the fourth quarter. The dramatic fall in prices in [...]

Crude-oil futures closed at nearly $60, their highest level of the year, as traders staged a late-day, short-covering rally to lift prices by more than 3%, egged on by continued forecasts for cold weather. Here is Thursday’s roundup of oil and energy news: * * * ECONOMISTS: TAX FOSSIL FUELS: The government should encourage development [...]

DAVID EBNER Royal Dutch Shell PLC’s formal offer for Shell Canada Ltd. contains an independent valuation of Shell Canada Ltd. that values the firm at as much as $48 a share, higher than Royal Dutch’s bid. Royal Dutch is offering $45 a share, or $8.7-billion, for the 22 per cent of Shell Canada it doesn’t [...]

Tom Parfitt in Moscow Thursday February 8, 2007 The trade secretary, Alistair Darling, warned Russia today to “play by the rules” and ensure “legal certainty” for British investors as he ended a three-day visit to Moscow. Anglo-Russian relations have become strained after tensions over the murder in London of the former KGB agent Alexander Litvinenko [...]

Copyright: CCBN, Inc. and FDCH e-Media, Inc. Source: FD (FAIR DISCLOSURE) WIRE Wordcount: 17167 PARTICIPANTS Jeroen van der Veer, Royal Dutch Shell, Chief Executive . Malcolm Brinded, Royal Dutch Shell, Executive Director Exploration & Production . Linda Cook, Royal Dutch Shell, Executive Director Gas & Power . Rob Routs, Royal Dutch Shell, Executive Director Downstream [...]

By GEORGE JAHN February 08, 2007 What we are not going to do is mirror what the (U.S.) Federal Reserve has done Europeans are accusing Americans of strong-arming them into cracking down on Iran in the latest trans-Atlantic conflict straining efforts to maintain a joint front on Tehran and its refusal to freeze uranium enrichment. [...]

By Douglas Busvine 08.02.2007 MOSCOW (Reuters) – Britain’s trade minister urged Russia on Thursday to respect the sanctity of foreign investments, saying he had raised concerns over BP’s and Shell’s Russian ventures at talks in Moscow. “I made it very clear that British companies coming here need to have legal certainty, and need to know [...]

From Philippine Daily Inquirer website      Gunmen in southern Nigeria on Tuesday kidnapped a Filipino national working as a subcontractor for oil company Shell and killed at least one policeman who was escorting him, industry sources and police said. “One Filipino was kidnapped at 9 a.m. (0800 GMT) and two MOPOL police were killed on the [...]

By  Tim Bradner            Shell is gearing up for an aggressive 2007 offshore exploration program in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells, company officials told an Alaska industry contractor group in a Jan. 25 briefing. “We like Alaska. It’s part of the United States. We have [...]

(EIU Viewswire Via Thomson Dialog NewsEdge) COUNTRY BRIEFING FROM THE ECONOMIST INTELLIGENCE UNIT Oil major Royal Dutch/Shell (Netherlands-UK), which at end-2006 agreed to sell its controlling stake in the Sakhalin-2 oil and gas project to state-controlled energy major Gazprom, has indicated that it is considering building additional LNG terminals on Sakhalin Island, if the company [...]

February 8, 2007 By Ken Krayeske  Windy whitecaps on Long Island Sound loudly abused the aluminum hull of the Rocco , a 22-foot water taxi piloted by Capt. Mike Infantino at about 18 knots an hour, 19 on the glide down the back side of one-to-two-foot seas. Capt. Mike and I bounced south from Branford’s [...]

By Mick Youther The Bush Administration has long claimed that the war in Iraq is not about oil. • “We will make sure that Iraq’s natural resources are used for the benefit of their owners, the Iraqi people” –President George W. Bush, 3/16/03 • “The only interest the United States has in the region is [...]

By BOBBY MAGILL Thursday, February 08, 2007 Two northwest Colorado water basin roundtables are expected to ask the state for money to study how much water may be available for energy development in the region. That critical question was overlooked in 2003 when the state took on the Statewide Water Supply Initiative, or SWSI, a [...]

Sibir Energy PLC 08 February 2007 Sibir Energy plc (“Sibir”) Sibir Production Record Sibir today announces that equity production from its upstream units now exceeds 45,000 barrels per day (bopd). The new production record was reached as Sibir’s 50:50 joint venture with Shell in the Salym group of fields in Western Siberia, Salym Petroleum Development [...]