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Posts on ‘August 21st, 2007’

Bloomberg: Kazakhstan May Halt Work on Eni’s Kashagan Oil Field (Update1)

By Nariman Gizitdinov Aug. 21 (Bloomberg) — Kazakhstan may suspend work at Eni SpA’s Kashagan oil project because of ecological damage as the Caspian Sea state seeks more profit from its biggest oilfield. “Taking into account the failure to meet the previous obligation by the company, we must withdraw the permit as the company’s work [...]

UpstreamOnline: Maui partners given new block

By Upstream staff The Shell-led partners in New Zealand’s flagship Maui field have been awarded a new exploration block along the border of the Maui field. The Maui field is owned by Shell (83.75%), OMV (10%) and Todd Energy (6.25%) and is operated by Shell Todd Oil Services (STOS), a 50-50 joint venture between Shell [...]

AP Worldstream: Texas officials taking no chances; Prepare for even more rain, flooding from Hurricane Dean

APRIL CASTRO Published: Aug 21, 2007 While forecasts say Hurricane Dean will hit northern Mexico, state officials prepared for the possibility that heavy rain from its outer bands could flood parts of the Rio Grande Valley. The National Guard and search and rescue teams have been mobilized. Shelters were set up in 28 communities. As [...]

Asia Pulse: SHELL AND DOW CHEMICAL LIKELY TO JOIN GUANGZHOU REFINERY

BEIJING, Aug 21 Asia Pulse – Lured by huge opportunities in the Chinese oil product market, Shell has come back to the country’s refining sector through participation in the Nansha greenfield refinery, a refining branch of Sinopec’s Guangzhou Petrochemical. Dow Chemical, the global chemical giant, has followed Shell’s move. Of interest at the 12 million [...]

Financial Times: Crude oil lower as Dean threat lifts from Gulf

By Javier Blas Published: August 21 2007 03:00 | Last updated: August 21 2007 03:00 Commodities prices were volatile yesterday, with some base metals rising on hopes that actions by central banks to add much-needed liquidity to the credit market would support the world economy and help demand for commodities to grow. Energy commodities, however, [...]

Financial Times: Gas-fired power station given go-ahead

By Ed Crooks, Energy Editor Published: August 21 2007 03:00 | Last updated: August 21 2007 03:00 A new gas-fired power station in south Wales has been given the go-ahead, marking the latest stage in what has been described as a fresh “dash for gas” by electricity generators. Carron Energy, an independent generator and electricity [...]

Financial Times: Frontier challenges in the race for oil

By Sheila McNulty Published: August 21 2007 03:00 | Last updated: August 21 2007 03:00 In a suburb of Fort Worth, down a dirt road, past a field with some horses and asmall house, a single rig is drilling. The well below it goes 8,000 feet under the ground and then 2,000 feet across without [...]

Financial Times: Iran acts to boost foreign oil investment

By Gareth Smyth in Tehran Published: August 21 2007 03:00 | Last updated: August 21 2007 03:00 Iran appointed a new deputy oil minister for international affairs yesterday as part of a government reshuffle. Hossein Noghrehkar-Shirazi, who will take over responsibility for liaison with foreign companies, was appointed by the acting oil minister, Gholam-Hossein Nozari. [...]

The Guardian: Undercover reports from Camp Climate

Helen Pidd Tuesday August 21, 2007 Journalists love going undercover. Not only does it make their job feel infinitely sexier, but it can also be a fast track to the front page. There was, however, one clandestine mission no one really wanted last week, and that was infiltrating the Camp for Climate Action outside Heathrow. [...]

Daily Telegraph (Australia): Oil companies trying to ‘kill competition’

Article from: AAP By Peter Veness August 21, 2007 12:33pm MAJOR petrol companies Shell and Caltex are trying to run competitors BP and Mobil out of business, a petrol inquiry was told today. Motor Traders Association chief executive Michael Delaney said the attempt by Shell and Caltex would create a huge market duopoly. Mr Delaney [...]

allAfrica: Nigeria: Akwa/Ibom Assembly to Sanction Shell

Daily Trust (Abuja) 20 August 2007 Posted to the web 20 August 2007 Edet Ekanem Uyo The Akwa Ibom State House of Assembly has vowed to sanction Shell Petroleum Development Company Limited if the company fails to appear before it to explain oil spillages at Ikot Abasi local government of the state. The house gave [...]

Kommersant: Home Four-Year-Long Chess Match

Aug. 21, 2007 The last assets of YUKOS were sold last week to finish several months of sales of what was once Russia’s largest oil producer. Bankruptcy procedures for the company are to be over by November when it will be liquidated. It took roughly four years to wind up one of Russia’s biggest oil [...]