Posts on ‘August 6th, 2007’

Updated: 8/6/2007 2:53:44 PM By: Ryan Peterson     ALBANY, N.Y. — Shell Oil Company President Jeff Hofmeister said, “One thing I’ve learned is how unpopular the oil industry is, and we’re very sorry about that.” Just as the latest AAA survey shows that the national average for a gallon of regular gas has dropped 9 [...]

Mon Aug 6, 2007 2:08PM EDT By Anna Driver and Michael Erman HOUSTON/NEW YORK (Reuters) – Oilfield service firms see growing profit in managing entire projects, as state-owned oil companies tighten their grip on resources and seek to cut out big oil companies, the historic middlemen. A three-year rally in oil prices has left resource-rich [...]

The international oil companies have made dlrs 10 billion in investment in Iranian oil and gas sectors in the past several years, member of Majlis Presiding Board Ahmad Nejabat said on Monday. “Despite the US pressure, European oil companies have been involved in developing Iranian oil industry.” He said that Total of France, Royal Dutch/Shell [...]

Chai Mei Ling; Wong Ying Sim; Aniza Zainudin, Published: Aug 05, 2007 EVEN as working mothers worldwide mull over the decision of whether to hang up their powersuits and don the apron, they are asked to consider a different perspective. CHAI MEI LING, WONG YING SIM and ANIZA ZAINUDIN at the Women’s Summit, find out [...]

Published: Aug 06, 2007 NORTH WEST EUROPE: ANSI for August was set at $602 for propane and $594 for butane. The price of the large propane cargoes picked up over the last week with a couple of trades concluded in the mid $620s but was seen as being selective not speculative buying. Since then buying [...]

Created: 2 August 2007 Written by: Paul Mumford Just occasionally the markets feel so cyclical you almost want to accuse them of unoriginality. Rewind a year and we were riding out another summer of volatility (albeit the drivers were quite different). Pundits were predicting that oil prices could hit $100/barrel. Now, a recent report from [...]

Associated Press 08.06.07, 11:21 AM ET   MOSCOW – President Vladimir Putin on Monday called for more clear and transparent rules for foreigners investing in Russia’s petroleum industry. “We are consistently directing our efforts at establishing transparent terms for foreign investors,” Putin told a Cabinet meeting. “I should point out that Russia has one of [...]

By Alfred Donovan 06 August 2007 Printed below is some self-explanatory correspondence with Mr Michiel Brandjes, Company Secretary and General Counsel Corporate of Royal Dutch Shell Plc.  Mr Brandjes has acted swiftly in responding to the question I put to him on Friday and has supplied a straight forward unequivocal answer.  What more could anyone [...]

By Neil Buckley in Moscow A senior ally of Vladimir Putin has said his party would be ready to nominate Mr Putin for the Russian presidency in 2012, fuelling speculation that the Russian leader could return four years after an interim candidate is elected next year. Sergei Mironov, speaker of Russia’s upper house of parliament, [...]

Published: August 6 2007 14:04 | Last updated: August 6 2007 14:04 At the height of the Cold War, the US stuck a flag on the Moon. In the midst of a new East-West standoff, Russia has gone in the opposite direction: planting its tricolour in the sea-bed beneath the North Pole. That Russia has [...]

In spite of increasing construction costs, $38-billion worth of agreements and development plans announced last week JUDY MONCHUK Canadian Press; Reuters August 6, 2007 CALGARY — The bout of oil sands fever sweeping through northern Alberta shows no sign of slowing down. An eye-popping $38-billion in deals and development plans announced last week show skyrocketing [...]

Companies have global-level growth plans for Alberta’s rich-making resource Monday, August 6, 2007    Gordon Jaremko Edmonton / A year after former Shell Canada president Clive Mather gave out a hint, the scale of development on Alberta’s horizon is coming into sharper focus. “What we’re saying is this is only the beginning,” Mather said as he [...]

06 August 2007 After over eighteen months of providing a base for activists supporting the local Shell to Sea campaign, the Rossport Solidarity Camp was served notice to quit by Mayo County Council two weeks ago. For the past year and a half the council has accepted the camp’s existence without complaint.  It seems no [...]

By Upstream staff US supermajor Chevron has won the keenly contested bidding contest for the right to develop PetroChina’s Luojiazhai sour gas field in south-west China’s Sichuan province, according to reports today. Chevron was chosen by PetroChina ahead of rivals Statoil of Norway, France’s Total and Anglo-Dutch Royal Dutch Shell, Dow Jones newswire reported, citing [...]

August 6, 2007 Paul Skinner is inventing a new job in Rio Tinto, that of corporate patriarch. Rio’s chairman has become the guiding hand promoting a culture of ethics, safety and environmental protection within the world’s second-largest mining group. Mr Skinner is a veteran oilman and saw at first hand the reputational damage caused by [...]