Posts on ‘August 18th, 2007’

Saeed Shah and Alex Brett Sunday August 19, 2007 The world’s oil majors will descend on two key conferences about Iraqi oil next month, seizing their last chance to jockey for position before the expected passing of the country’s hydrocarbon law sets off a scramble for its vast energy resources. Iraqi officials, including oil minister [...]

August 19, 2007 Lured by a booming economy, businessmen from the West are flocking back to Russia to enjoy a high-octane lifestyle Mark Franchetti in Moscow AS his colleagues from senior management pushed him into a Soviet-era military helicopter, it didn’t take the British entrepreneur long to realise that his first business trip in Russia [...]

Sat Aug 18, 2007 7:04PM BST   HOUSTON (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said it was evacuating 300 more support workers from U.S. Gulf of Mexico facilities on Saturday due to Hurricane Dean. “Since the beginning of the week, Shell has evacuated approximately 460 people, with approximately 300 scheduled to be [...]

Satellite image shows Hurricane Dean’s position at 9:15 a.m. ET Saturday.   (CNN) — Hurricane Dean intensified Saturday as it muscled across the Caribbean and headed toward a dangerous rendezvous Sunday with Jamaica. Forecasters fear Dean will be a destructive Category 5 monster packing 155 mph winds by then. Even worse could be yet to come. [...]

It’s a critical calculation for Canada As the royalty debate divides Albertans, the real question is: How much is fair? DAVID EBNER 00:00 EDT Saturday, August 18, 2007 Royalties have existed as long as humans have spun wealth from the world’s underground riches, digging and drilling to produce personal and collective fortunes. The first royalty [...]

Self-explanatory email correspondence with Shell International General Counsel Richard Wiseman in November 2005 which may have relevance to recent postings on Live Chat.   —–Original Message—– From: Alfred Donovan [mailto:alfred@shellnews.net] Sent: 11 November 2005 09:20 To: Wiseman, Richard RM SI-LMAPF Cc: van der Veer, Jeroen J SI-SI-CEJV; Brinded, Malcolm A SI-ECMB Subject: DAYLIGHT ROBBERY Dear Mr [...]

Vol. 12, No. 33  Week of August 19, 2007 The U.S. Department of Energy’s Energy Information Administration said Aug. 7 that significant crude oil price increases over the last two months are “the result of increasingly tighter world oil markets.” There is increased demand for Organization of Petroleum Exporting Countries oil, the agency said, but [...]

Vol. 12, No. 33  Week of August 19, 2007 Russian expedition poses challenge to United States, Canada and other northern nations; Canada steps up fight with plans for deepwater port, military outposts, and an increase of 900 members in the Canadian Ranger patrol Gary Park For Petroleum News Forget about “The Russians are Coming, The [...]

Drilling activity at record level in ‘ultra-deepwater’ Gulf, 15 rigs working Ray Tyson For Petroleum News Vol. 12, No. 33  Week of August 19, 2007 Exploration and production companies, despite a reported worldwide shortage of high-specification offshore rigs, have managed to set a new record for the number of “ultra-deepwater” floaters currently drilling prospects and [...]

Vol. 12, No. 33  Week of August 19, 2007 Alan Bailey Shell has crossed several major hurdles in its attempt to start an exploration drilling program in the Beaufort Sea during the 2007 open water season. But the latest obstacle, an Aug. 15 court order from the U.S. Court of Appeals for the 9th Circuit, [...]

By ANA CAMPOY Saturday August 18, 2007; Page A2 It’s late August in the oil belt, which means thoughts are turning once again to hurricanes. Hurricane Dean, which is expected to land near U.S. coasts in the next few days, is already roiling oil markets, pushing up prices and forcing exploration companies to start evacuating [...]

By THE ASSOCIATED PRESS Published: August 18, 2007 Filed at 3:05 a.m. ET CASTRIES, St. Lucia (AP) — Hurricane Dean roared into the eastern Caribbean on Friday, tearing away roofs, flooding streets and causing at least three deaths. Winds hit 150 mph as it headed on a collision course with Jamaica and Mexico’s Yucatan Peninsula, [...]

Luke Harding in Moscow and Ewen MacAskill in Washington Saturday August 18, 2007 The Russian president, Vladimir Putin, yesterday announced Russia had resumed long-range flights of strategic bombers capable of striking targets deep inside the United States with nuclear weapons. Mr Putin said Russia had restarted the Soviet-era practice of sending bomber aircraft on regular [...]

Natural resources Norilsk Nickel said it will spend more than 4.4 billion rands (£296 million) on two projects in Botswana and South Africa. The Russian miner will develop the Tati nickel mine in Botswana, and the Nkomati nickel mine in South Africa, Tav Morgan, its deputy director, said in Johannesburg. Platinum Diversified Mining reported a [...]

The News Pakistan By our correspondent KARACHI: Shell Gas, the marketer of liquefied petroleum gas (LPG) on Friday reported a loss of Rs47 million for fiscal 2006-07 against a profit of Rs793,000 made during the previous year. Its earnings per share, basic and diluted, were a negative Rs14.79 in last fiscal year that ended June [...]