Posts on ‘August 24th, 2007’

12:55:14PM, Aug 24 2007 SHELL IS asking the B.C. Supreme Court for an injunction to lift a Tahltan blockade preventing crews and equipment from going into the Klappan area to drill for coalbed methane natural gas. It had papers served this morning at the turnoff from Hwy37 North to the Ealue Lake Road, the entry [...]

24.08.2007 The Russian government is eyeing establishment of a new oil giant to produce over 3,5 billion bbl per day or nearly 35% of all Russian oil production, “Energy Intelligence Group” (EIG) reported. The report says that Russia may create a cartel that will produce more oil than international giants such as Exxon Mobil, Royal [...]

August 24, 2007: 11:30 AM EST BUENOS AIRES -(Dow Jones)- An Argentine judge has rejected a request by the local unit of Royal Dutch Shell PLC (RDSA) for an injunction against fines the government has levied against the company for allegedly failing to supply the domestic market, a company spokesman said Friday. Nestor Kirchner’s administration [...]

By Tommaso Ebhardt and Steve Scherer Aug. 24 (Bloomberg) — Eni SpA Chief Executive Officer Paolo Scaroni said he’s prepared to renegotiate an agreement with the Kazakh government to operate the Kashagan oil field because the outlook for petroleum prices is now much higher. “The conditions are right to negotiate a new contract,” Scaroni said [...]

By JOEL CONNELLY P-I COLUMNIST In his Savile Row threads, the senior partner from a distinguished Los Angeles law firm rose in a Seattle courtroom and argued a case that made the blood leave my face: The Exxon Corp. had suffered enough. Eighteen years have passed, and Exxon is still imploring judges to feel its [...]

EXTRACT: Gasoline for September delivery was at $1.9250 a gallon. It gained 1.8 percent $1.9232 yesterday as Royal Dutch Shell Plc cut production at its Deer Park refinery, anticipating delayed crude deliveries after Hurricane Dean close Mexican oil fields. The plant, which can process about 340,000 barrels a day, should return to normal operating rates [...]

09:56 | 24/ 08/ 2007  YUZHNO-SAKHALINSK, August 24 (RIA Novosti) – Russia’s environmental regulator said Friday it had found new legal violations committed by Gazprom-controlled Sakhalin Energy, which operates the Sakhalin II oil and gas project off the country’s Pacific Coast. Rosprirodnadzor’s branch in Sakhalin said its experts had found that a subsidiary of Sakhalin [...]

Jerry Frank Published: Aug 24, 2007 THE world cannot get enough oil and, with reserves running down and overall investment unable to keep up with the sheer scale of demand, there are serious returns to be made for those with the cash and the courage to work the offshore drill rig sector. Growing international demand, [...]

Ruby Anne M. Rubio Published: Aug 24, 2007 Oil refiner Pilipinas Shell Petroleum Corp. has earmarked P1.6 billion for capital expenditure this year. In a filing to the Securities and Exchange Commission, Shell said bulk of the capital expenditure will be allocated for refinery, depot, retail, commercial and liquified petroleum gas (LPG) operations. “For the [...]

Published: Aug 24, 2007 SYDNEY (Thomson Financial) – Woodside Petroleum Ltd, Australia’s largest oil and gas producer, has signed a multi-billion-dollar deal to export liquefied natural gas (LNG) to Tokyo Gas Co and Kansai Electric Power Co Inc of Japan, Woodside said Friday. Woodside will supply the Japanese companies with up to 3.75 million tonnes [...]

Published: Aug 24, 2007 Madam, – The recent exchanges on the issue of a Garda Reserve applicant being refused permission to wear a Sikh turban while on duty is sadly typical of the debate, or more appropriately non-debate, in this country on the subject of immigration. The issue on the letters page today (August 23rd) [...]

Simon Mossman, Published: Aug 24, 2007 MELBOURNE, Aug 24 AAP – Motorists are smart enough to know how best to exploit Australia’s petrol price cycle, a leading industry figure said today. The Royal Automobile Club of Victoria’s (RACV) petrol pricing spokesman David Cumming told the competition watchdog’s public inquiry into fuel pricing that the petrol [...]

EXTRACT: In the same sector, Regal Petroleum rallied 10.4 per cent to 212p on rumours that Royal Dutch Shell had offered 300p a share for the company’s gas assets in the Ukraine. By Yee To Wong Published: August 24 2007 03:00 | Last updated: August 24 2007 03:00 The share price of ReneSola continued its [...]

Terry Macalister Friday August 24, 2007 Russia’s Gazprom is trying to muscle its way into the American energy market by encouraging BP to share a stake in its liquefied natural gas operation in Trinidad, which supplies the US. Gazprom, the world’s largest gas producer, has already secured a 25% share of the wholesale gas market [...]

EXTRACT: Several major British firms and FTSE100 companies in the banking, petroleum and mining sectors have operations in Zimbabwe, including Barclays, Standard Chartered, BAT, Rio Tinto, Anglo American, BP and Shell. But with their interests under threat, few would be drawn on the potential consequences of the law yesterday. By Byron Dziva in Harare and [...]