Posts on ‘March 7th, 2007’

Date: 07/03/2007  Meeting on Organizational Issues of Gazprom’s Participation in Sakhalin-2 Project Held   MOSCOW (RNWire) – Today, at the Gazprom Headquarters, Alexey Miller, Chairman of the Gazprom Management Committee conducted a meeting on the organizational issues of Gazprom’s participation in Sakhalin-2 project. Attending the meeting were heads and specialists of the company’s core business [...]

March 7, 2007 – 11:12 a.m. OSLO, Norway (AP) – A new state-controlled offshore oil giant made up of Norway’s two key petroleum companies should be called StatoilHydro to end an ongoing debate over its name, the company boards recommended Wednesday. In December, state-controlled Statoil ASA said it was acquiring the oil and gas operations [...]

BY DAVID EBNER CALGARY — Value Creation Inc., a small oil sands upstart, is proposing a $4-billion project to produce 80,000 barrels of crude a day, starting in 2011, and the company believes its land in northeastern Alberta could eventually support output of 400,000 barrels a day. “Our large wholly owned oil sands resource base [...]

HOUSTON, March 7 (Reuters) – Shell Oil Co. (RDSa.L: Quote, Profile , Research) President John Hofmeister said on Wednesday the company continues to study expanding a joint-venture refinery in Port Arthur, Texas. Shell hopes to decide this year if Motiva Enterprises 285,000 barrel per day (bpd) refinery will expand to 600,000 bpd, Hofmeister said. Shell [...]

Costs rise 55%: report Jon Harding, Published: Wednesday, March 07, 2007 CALGARY – The trend of soaring capital costs in Alberta’s oilsands will continue and could squeeze out smaller players, turning the industry into an exclusive club of fully integrated global giants, international energy consultancy Wood Mackenzie said yesterday. In a report that was immediately [...]

Wednesday, March 07, 2007 By: Daniel Hickey AT separate meetings in Erris last week, both sides in the gas dispute were given the opportunity to air their views on the on-going row over the route of the proposed pipeline. The meetings, held on two consecutive nights, address-esd concerns with the Corrib Gas terminal, the proposed [...]

EXTRACT: Elsewhere, prices were lent support by Royal Dutch Shell’s announcement that it reduced production from Nigerian operations by 187,000 bpd following a major spill from a pipeline in the Niger Delta. Shell added it would take days to repair the leak. Published: Mar 07, 2007 LONDON (AFX) – Oil rose as market participants expect [...]

By Guy Dinmore in Washington, Carola Hoyos in London, Daniel,Dombey in Brussels and Ivar Simensen in Frankfurt Published: March 7 2007 02:00 | Last updated: March 7 2007 02:00 The Bush administration said yesterday it had warned foreign energy companies that they risked incurring US sanctions if they invested in Iran. The warning came as [...]

By Catherine Belton Published: March 7 2007 02:00 | Last updated: March 7 2007 02:00 Shares in the UK-listed Imperial Energy soared almost 40 per cent after the Siberia and Kazakhstan-based oil company said its probable reserves of oil had more than doubled to 803m barrels. Its shares rose 353p to £12.45 after Imperial promised [...]

By Carola Hoyos in London, Daniel Dombey in Brussels and Ivar,Simensen in Frankfurt Published: March 7 2007 02:00 | Last updated: March 7 2007 02:00 Eon, Germany’s biggest importer of natural gas, is pursuing its first gas supply contract with Iran in an effort to reduce its dependence on Russia. The company yesterday confirmed it [...]

By Ed Crooks Published: March 7 2007 02:00 | Last updated: March 7 2007 02:00 The boom in demand for oil services helped push John Wood Group’s pre-tax profits up 47 per cent last year to $184m (£96m), but the company warned thatsuch rapid growth was unlikely to be continued this year. As oil companies [...]

By Carola Hoyos,Chief Energy Correspondent Published: March 7 2007 02:00 | Last updated: March 7 2007 02:00 BP slashed Lord Browne’s pay again last year because of the recent string of safety failures in the US. The chief executive’s total pay fell for a second year in a row, this time by 28 per cent [...]

Headline: Lantos moots ban on nuke deals with those aiding IranWed, 2007-03-07 06:42. International By Arun Kumar, Washington, March 7 (IANS) A US lawmaker proposes to introduce a legislation to bar the Bush administration from entering into civil nuclear deals with countries, be it India or China, if they aid Iran’s nuclear programme. “My legislation [...]

With daily clashes between police and protesters, the five-year row over a gas pipeline route in Ireland shows no sign of subsiding Owen Bowcott Wednesday March 7, 2007 The north-west tip of County Mayo is blanketed with rain-sodden and wind-blasted bogland. In winter, the desolate Irish landscape resembles Iceland, as low Atlantic clouds press down [...]

· Chief’s pay down after a difficult 2006 for oil firm · Company defends boss’s £22m retirement fund Terry Macalister Wednesday March 7, 2007 John Browne, BP’s chief executive, will stand down this summer after a period of extreme turbulence for the company with a pension pot of £22m and a retirement income of more [...]