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Posts from ‘August, 2011’

Shell Canada files paperwork for $1.35B carbon capture project

Regulatory application a first for Alberta By Dina O’Meara, Calgary Herald August 2, 2011 Shell Canada took its first regulatory step toward commercializing it carbon capture and storage project Quest, which will strip carbon dioxide from its Scotford oilsands upgrader near Edmonton. Photograph by: Ted Jacob, Calgary Herald CALGARY — Alberta could see its first [...]

U.K. Deal Marks Latest Shift For European Refining Sector

AUGUST 2, 2011 By ALEXIS FLYNN Essar Energy Monday completed a deal to buy the U.K’s second-biggest refinery at Stanlow, in Northwest England, from Royal Dutch Shell PLC, marking another step in a changing of the guard for the European refining sector as the fully integrated oil majors sell out to a new coterie of [...]

Nigeria’s Oil, Gas Reserves Declining at About 12% a Year

By Elisha Bala-Gbogbo – Aug 1, 2011 2:49 PM GMT+0100 Nigeria’s oil and gas reserves are declining at as much as 12 percent a year, with production from onshore and shallow-water oil fields having reached their peak, Petroleum Minister Diezani Alison-Madueke said. Africa’s largest oil producer plans to boost deep-water production through measures including the [...]

Slumping Output Raises Tough Questions For European Oil Giants

By Alexis Flynn, Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- When Europe’s major oil companies reported quarterly earnings last week, headlines across national capitals once again excoriated the petroleum giants for soaring profits in the face of consumers anger at high fuel prices. Yet the profits couldn’t mask a trend that continues to trouble Wall [...]

The end of Big Oil?

How the break-up of ConocoPhillips could lead to similar moves by oil conglomerates like BP and Exxon Mobil, forever changing the energy landscape. By Cyrus Sanati, contributor FORTUNE– The announcement last month that ConocoPhillips plans to break up into two separately traded companies took Wall Street by surprise, raising uncomfortable questions as to Big Oil’s [...]