Posts on ‘May 24th, 2007’

Fri May 25, 2007 1:30 AM BST LIMA, (Reuters) – Anglo-Dutch oil major Royal Dutch Shell (RDSa.L: Quote, Profile , Research) is among 37 companies to have expressed an interest in bidding for oil exploration concessions in Peru, the government said on Thursday. Shell sent a letter of interest to the Peruvian government, said Daniel [...]

May 24, 2007 7:10 pm US/Eastern (CBS News) MEQUON, Wis. It’s not just drivers who are sick of high gas prices. Sky-high numbers at the pumps have prompted some Wisconsin service stations to boycott their own high prices and stop selling fuel. With Memorial Day— the traditional start of the summer driving season — upon [...]

HOUSTON and MADISON, Wis., May 24 /PRNewswire/ — Shell Hydrogen LLC (Shell Hydrogen) and Virent Energy Systems, Inc. (VirentTM) today announced a five-year joint development agreement to develop further and commercialize Virent’s BioFormingTM technology platform for hydrogen production. Virent’s technology enables the economic production of hydrogen, among other fuels and chemicals, from renewable glycerol and [...]

By Bill O’Reilly     Every time you gas up your vehicle and that hose locks into the tank, you, American person, are getting hosed. The energy scam we are presently experiencing is one smooth operation. This time the Arabs aren’t raising prices on barrels of oil. This time it’s not saber rattling from Iran that [...]

May 24th 2007 | FORT MCMURRAY, ALBERTA From The Economist print edition The allure and perils of investing in Alberta’s oil sands EACH tyre on the massive trucks carting gritty black goo around a mine in northern Canada weighs as much as four cars, an engineer explains excitedly; the trucks, in turn, can carry 400 [...]

May 24, 2007, 12:58AM By DAVID IVANOVICH Copyright 2007 Houston Chronicle Washington Bureau WASHINGTON — Here in the nation’s capital, discussions about the oil industry are just nothing like the conversations heard at Houston energy conferences. When oil industry officials have addressed the record-high gasoline prices, they’ve pointed to unexpected downtime at refineries, political unrest [...]

Staff have begun an indefinite strike at Nigeria’s largest state oil refinery over welfare and to protest against privatization. LAGOS -  Thursday , 24 May 2007 Staff of Nigeria’s state oil company began an indefinite strike on Thursday over welfare and union leaders said they would target oil production if their demands are not addressed [...]

EXTRACT: The shores of Zanzibar are attracting interest from international oil giants, like Royal Dutch Shell. May 24, 2007 PARIS: Oil companies, both western and Asian, are hunting in earnest for oil and gas in East Africa, a still largely under-explored region, as energy nationalism in Russia, Venezuela and the Middle East closes off opportunities [...]

Thursday, May 24 2007 Total, a French firm, has reportedly made a bid to acquire Esso’s Caribbean operations. French integrated energy giant Total, the fourth largest oil company in the world, is bidding to purchase Esso’s Caribbean operations, including those in Jamaica, for a sum in excess of US$400M the Business Observer has said. Last [...]

Onyema Okonkwo | 24 May 2007 WARRI, Nigeria — It takes two hours by boat to get to Deibu, an isolated outpost of about 17,000 people in Nigeria’s Niger Delta. The town is cut off from civilization by the River Nun and a thick mangrove forest, and first-time visitors who make the journey are struck [...]

The Associated Press Thursday, May 24, 2007 THE HAGUE, Netherlands: A diplomatic spat between two west African nations based on allegations of multimillion-dollar corruption in the oil industry will be untangled by the International Court of Justice, after judges ruled Thursday they have jurisdiction in parts of the dispute. The case, which likely will take [...]

(As gas prices hit another record last Friday, Jeff Curro couldn’t take it anymore. Photo/Michael Sears) By THOMAS CONTENT tcontent@journalsentinel.com Posted: May 23, 2007 After owning the Shell gas station at 3075 N. 124th St. in Brookfield for 20 years, Jeff Curro has stopped selling gas. As gas prices rose, his profit margin dropped. He [...]

May 24th 2007 From the Economist Intelligence Unit ViewsWire Russian regulators are doing a final check of alleged licence violations at the giant Kovykta gas field, which is majority owned by BP’s Russian joint venture. The licence could be withdrawn in a matter of weeks, but it is also possible that a deal could be [...]

By Gemma Daley and Angela Macdonald-Smith May 24 (Bloomberg) — Asia-Pacific Economic Cooperation energy ministers will next week discuss carbon emissions as they seek to improve energy security while reducing environmental effects, an Australian minister said. The talks by energy ministers from 21 APEC nations, including the U.S. and China, will feed into the leaders [...]

05.24.07, 6:32 AM ET MOSCOW (Thomson Financial) – A subsidiary of Russian-British oil major TNK-BP Holdings could lose its license for the massive Kovykta gas field in Siberia before June 1, a top environmental official warned today. Checks on licence compliance at the field have begun and in the event that they reveal ‘substantial violations, [...]