Posts on ‘May 30th, 2007’

Last Updated: 1:25am BST 31/05/2007 A round-up of headlines from across the financial sectors, provided by Bloomberg News • BP’s John Manzoni stepped down as head of refining and will become president and chief executive officer of Canada’s Talisman Energy. • Royal Dutch Shell and BG Group signed “natural-gas co-operation accords” with Libya, the North [...]

Wednesday May 30, 2007 9:46 PM LAGOS, Nigeria (AP) – Protesters besieged a major pipeline center feeding a Royal Dutch Shell PLC oil export terminal in Nigeria, forcing the company to suspend exports of 150,000 barrels a day, a company official said Wednesday. The protesters tampered with some pipeline equipment and forced the shutdown of [...]

Wednesday, May 30, 2007 By WILLIAM NSOYOH Associated Press Writer Four American oil workers abducted three weeks ago in Nigeria’s restive oil region were released Wednesday. As journalists looked on, a judge who mediated in the matter escorted the four men to the governor’s office in southern Rivers State and turned them over to authorities. [...]

Published: Wednesday, May 30, 2007 | 4:37 PM ET Canadian Press: JOHN PORRETTO DALLAS (AP) – Exxon Mobil Corp. on Wednesday reiterated its position that creating far-reaching policies to reduce harmful greenhouse gas emissions is important but premature, even as some shareholders lambasted the oil giant for what they said was an irresponsible and even [...]

Wednesday, 30 May 2007 U.S. and Russian whalers and other Alaska Native leaders have spoken with the public regarding continued threats to their whaling traditions. The briefing addressed Native concerns in light of the Department of Interior’s (DOI) plan to open the oceans off Alaska to a barrage of new oil and gas development starting [...]

The Associated Press Wednesday, May 30, 2007 LAGOS, Nigeria: Protesters besieged a major pipeline control center feeding a Royal Dutch Shell PLC oil export terminal in Nigeria, forcing the company to suspend exports of 150,000 barrels of crude oil a day, a company official said Wednesday. Protesters from K-Dere in the Ogoni district of Nigeria’s [...]

Shareholder proposals up for vote today address emissions, renewables May 30, 2007, 1:47AM By KRISTEN HAYS Copyright 2007 Houston Chronicle Pension fund angry over climate strategy Exxon Mobil Corp.’s reticence to invest in renewable and alternative energies beyond research in the short term could dominate its annual shareholder meeting today. Shareholder proposals up for votes [...]

From page A1 Wednesday 30 May 2007 “Government isn’t doing industry any favours by appearing to be so much in favour of development,” Severson-Baker said. “Government is partly to blame for industry’s poor image because they aren’t leading on those issues either.” Rather than offer creative solutions to tough issues, Severson-Baker complained that industry captains [...]

Wed May 30, 2007 11:39 AM BST PORT HARCOURT, Nigeria (Reuters) – Villagers sabotaged a major export pipeline in Nigeria for the second time this month and halted 150,000 barrels per day (bpd) of oil production, Royal Dutch Shell said on Wednesday. Community members stormed the Bomu pipeline complex, which is a major artery feeding [...]

May 30, 2007, 1:48AM By JOE CARROLL Bloomberg News Pension fund angry over climate strategy The California Public Employees’ Retirement System, the largest public pension fund in the U.S., is seeking the removal of Exxon Mobil Corp. director Michael Boskin over the company’s strategy on climate change. Calpers joined two dozen other institutional investors to [...]

Published: Wednesday, 30 May, 2007, 08:26 AM Doha Time   TEHRAN/DUBAI: Iran expects to sign a multibillion- dollar agreement with a foreign partner next month to produce liquefied natural gas, or LNG, from the South Pars field, the world’s biggest gas reservoir. “We’ve signed the draft contract with a foreign contractor and the main contract [...]

By Joe Carroll Bloomberg news Tucson, Arizona | Published: 05.30.2007 Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined. That’s not science fiction. Trapped in limestone up to 200 feet thick in the two Rocky Mountain states is [...]

By Angela Macdonald-Smith May 30 (Bloomberg) — ConocoPhillips, the second-biggest U.S. refiner, will today ship the first extra cargo from its Northern Australian liquefied natural gas venture in addition to its contracted deliveries. The cargo, which is due to leave Darwin about 6 p.m. in the 135,000 cubic meter `LNG Pioneer’ tanker, will be delivered [...]

By Tony Hopfinger May 30 (Bloomberg) — Drilling plans by Royal Dutch Shell Plc and other oil companies in Alaska are drawing complaints from activists, fishermen and Eskimos at the International Whaling Commission meeting in Anchorage, Alaska. Shell and the government haven’t prepared for spills in the Arctic, while exploration will disturb whale habitats, Betsy [...]

By CHIP CUMMINS May 30, 2007; Page A10 LONDON — BP PLC and the Libyan government of Col. Moammar Gadhafi agreed to a $900 million natural-gas exploration deal that provides a boost to the British energy company’s new chief executive as he struggles to lead BP through a series of greater challenges in the U.S. [...]