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January 10th, 2007:

edmontonjournal.com: Fort McMurray strangling on oilsands development strain

Morning business file:
Published: Wednesday, January 10, 2007

FORT McMURRAY — Fort McMurray, in Canada’s western oil-sands belt, is so rich it’s known as Fort McMoney. Yet local officials are pleading for government handouts.

“Even if we doubled taxes for every ratepayer, we still wouldn’t be able to achieve all that we need,” says Melissa Blake, mayor of the sprawling Alberta municipality of Wood Buffalo, which includes the urban center of Fort McMurray.

Oil-sands investments of more than $50 billion have brought in swarms of workers. The result: Roads, schools, water supplies and other services in Fort McMurray can’t keep up. The city says its population will almost triple to 100,000 by 2012 from 1996, when oil-sands investments started taking off. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Republican American: Rell among foes of liquefied gas terminal: Broadwater Energy project

Wednesday, January 10, 2007
By STEPHEN SINGER

NEW LONDON — Strong opposition by Gov. M. Jodi Rell to a proposed natural gas terminal on Long Island Sound kicked off a hearing Tuesday night as the public had its first chance comment on a draft report by federal energy regulators.

State Department of Environmental Protection Commissioner Gina McCarthy delivered Rell’s statement, criticizing the proposed security zone around the terminal as the taking of property by a private company with federal approval. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Western People (Ireland): It’s time for a reality check on the Corrib Gas project

Wednesday, January 10, 2007
By: Dr Mark Garavan

The time has come for the people of Mayo to ask themselves what is going on with the Corrib Gas project, writes Dr Mark Garavan.

FOR OVER six years the real issues regarding the Corrib gas project have been consistently obscured or deliberately ignored. The most recent obstacle being raised to prevent the issues being finally addressed is fatigue. We are told that the Corrib conflict has become boring, is repetitive and that it is time for everyone to move on. It is as if the unfortunate participants in this sorry saga are there to provide a spectacle of entertainment and that if there are no new plot twists they should pack up and go home. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Nigerian militants’ attacks on oil, gas industries

10 Jan 2007 09:10:05 GMT

Jan 10, (Reuters) – Militants attacked an oil services base in Nigeria’s southern oil-producing Niger Delta on Wednesday and kidnapped nine South Korean workers and one Nigerian.

Following is a chronology of some major attacks on the Nigerian oil industry in the last three months.

— Oct. 2 – Twenty-five Nigerian staff of a Royal Dutch Shell contractor are abducted after a raid on boats carrying supplies to Shell facilities in the Cawthorne Channel in Rivers state. They are released two days later. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Independent (UK): BP’s Lord Browne faces toughest test

EXTRACT: Like Shell before it, which is only now recovering from the reserves reporting scandal which laid it low three years ago, BP is discovering that once on the treadmill of bad news, it becomes difficult to step off. Like Shell, too, the pain has largely been self-inflicted.

THE ARTICLE

By: MICHAEL HARRISON, The Independent – United Kingdom
Published: Jan 10, 2007

Things go from bad to worse for Lord Browne. Not only does BP’s chief executive have to contend with falling oil production, even the weather is conspiring against him. The abnormally mild spell in America may be good news for New York sun-worshippers, but for BP’s very own Sun God it has meant a 12 per cent decline in the price of the commodity he trades since the start of the year. The short sellers scent that oil is a one-way bet for now, so there may be more pain to come for the likes of BP. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Congress on collision course with Moscow

EXTRACT: One Washington business lobbyist, noting the recent storm over Shell ceding control of its Sakhalin-2 oil and gas project in Russia to Gazprom, agreed: “I wouldn’t be surprised if Russian investment in the US was subject to higher political attention in Congress given that Russia has basically expropriated western investments.”

THE ARTICLE

By Stephanie Kirchgaessner and Guy Dinmore in Washinton
Published: January 10 2007 00:49 | Last updated: January 10 2007 00:49

The Bush administration’s relationship with the Kremlin has chilled considerably since the moment in 2001 when the US president famously looked into the soul of his Russian counterpart and declared that Vladimir Putin was “very straightforward and trustworthy”. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: Coming in from the cold

EXTRACT: Just before Christmas, when Moscow strong-armed Shell and its partners into selling their majority stake in the $20bn Sakhalin-2 project, the business world howled about disrespect for the sanctity of contract.

THE ARTICLE 

Leader
Wednesday January 10, 2007

David Cameron lit the pilot light on a row about high energy charges this week just as the news came through that Russia had halted oil exports to Europe through Belarus. Energy firms would no doubt like to be able to blame exorbitant household bills on events in eastern Europe – but wholesale prices have been falling for months. So does Russia’s behaviour matter here? The answer is yes, since the country will increasingly shape the future price and security of energy supplies. It dominates the landscape against which today’s EU strategic energy review will be set out. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: OPEC in emergency talks over falling price

By Russell Hotten, Industry Editor
Last Updated: 3:27am GMT 10/01/2007

The OPEC cartel of leading oil producing nations is considering emergency measures to prop up prices after the cost of a barrel of crude fell to its lowest in 18 months.
   
Oil ministers are today expected to continue yesterday’s frenzied round of telephone calls after the price fell below $54 a barrel, triggered by mild weather, particularly in the US.

The oil markets initially shrugged off an escalation of an oil pipeline dispute between Russia and Belarus, and some OPEC members fear that the price will fall further unless the organisation agrees to cut production. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Vanguard: We lack access to quench oil well fire in Ogoni— Shell

By Hector Igbikiowubo
Posted to the Web: Wednesday, January 10, 2007

LAGOS —The Shell Petroleum Development Company of Nigeria Limited (SPDC), claims it has been denied access to the site of the Bomu wells 41 and 51 fires in Ogoni land allegedly over the company’s refusal to acquiesce to monetary demands from community representatives.

This was contained in a statement released by the company yesterday in Lagos, adding that the development has frustrated efforts at putting out the fire.

The company said on Monday, January 8, 2007, the site team was again mobilized to the Gokana Divisional Police Headquarters near the site of the fire. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Times: Investors punish BP after poor production

January 10, 2007
Carl Mortished, International Business Editor
 
The stock market punished BP yesterday, slicing £3 billion off the value of the company as investors shied away from poor oil production figures and a falling crude oil price.
Hopes that BP would spring back from its summer troubles at Prudhoe Bay in Alaska have been dashed and the oil group produced 5 per cent less oil in the last quarter than it did in the final three months of 2005. 
 
BP produced an average of 3.82 million barrels per day (bpd) of oil and gas in the fourth quarter and will not meet its production target of 4.1 million to 4.2 million bpd for the year. The fourth-quarter slippage implies a full-year average output of 3.925 million bpd for 2006 and yesterday City analysts were trimming their expectations of recovery in 2007. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.