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September 13th, 2007:

Chicago Tribune: Reasons aplenty to explain record oil price run-up

Bill Barnhart | Market report
September 13, 2007

Now that crude oil futures have hit a milestone, $80 a barrel, expect chatter around the water cooler and urgent remarks by politicians.

“It is a psychological threshold; there is no doubt about it,” said Antoine Halff, head of energy research at Fimat USA.

What follows are some talking points you can use to contribute to or at least evaluate the inevitable reactions:

– Oil prices have been rising for several years, as industrial use expands globally and more people drive more cars more. A new tropical storm in the Gulf of Mexico, sabotage affecting Mexican oil output and a refinery disruption at BP’s Alaskan operations sparked the latest move. 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 Mail: The abandoned monkey who has found love with a pigeon (nothing to do with Shell but a nice story)

Daily Mail image

(The macaque nestles his head against his feathered friend)

Last updated at 13:17pm on 13th September 2007

They’re an odd couple in every sense but a monkey and a pigeon have become inseparable at an animal sanctuary in China.

The 12-week-old macaque – who was abandoned by his mother – was close to death when it was rescued on Neilingding Island, in Goangdong Province.

After being taken to an animal hospital his health began to improve but he seemed spiritless – until he developed a friendship with a white pigeon. 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.

Associated Press: Oil Hits New Record on Refinery Outages

From The Drudge Report

Thursday September 13, 11:08 am ET
By John Wilen, AP Business Writer 

Oil Prices Set New Record, Gasoline Prices Rise As Hurricane Hits Texas Refineries

NEW YORK (AP) — Oil prices briefly hit a record high and gasoline futures jumped Thursday as refiners reported production problems after Hurricane Humberto hit Texas.
Oil first traded over $80 a barrel on Wednesday after the Energy Department reported declines in crude and gasoline inventories and refinery activity last week.

But in addition to supply concerns, Humberto and a developing storm in the Atlantic are supporting prices. 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: The ‘proxy war’: UK troops are sent to Iranian border

British soldiers return to action as tensions between US and Iran grow
Exclusive by Kim Sengupta in Baghdad

13 September 2007 16:45

British forces have been sent from Basra to the volatile border with Iran amid warnings from the senior US commander in Iraq that Tehran is fomenting a “proxy war”.

In signs of a fast-developing confrontation, the Iranians have threatened military action in response to attacks launched from Iraqi territory while the Pentagon has announced the building of a US base and fortified checkpoints at the frontier. 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: Bets on Gazprom in Russian oil consolidation

Wed Sep 12, 2007 1:42PM EDT
By Amie Ferris-Rotman

MOSCOW (Reuters) – Russia’s oil industry is set for further consolidation with state and gas giant Gazprom (GAZP.MM: Quote, Profile, Research) seen taking centre stage from rival Rosneft (ROSN.MM: Quote, Profile, Research), officials and executives told the Reuters Russia Investment Summit.

The Kremlin has regained control of over a third of the Russian oil industry — the world’s second largest — since President Putin came to power in 2000. 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: Shell offers German refiner in Rosneft swap-paper

Thu Sep 13, 2007 7:56 AM BST

MOSCOW, Sept 13 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile , Research) has offered to swap a stake in its German Miro refinery against oil production assets of Russian state-controlled firm Roneft (ROSN.MM: Quote, Profile , Research), a newspaper reported on Thursday.

Vedomosti business daily cited sources close to both firms as saying Shell was ready to cede part of its 32.25 percent stake in Miro, the 310,000 barrels per day refiner in Karlsruhe, but the exact size would depend on the offer of Rosneft. 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.

International Herald Tribune: Production starts from Norway’s giant Ormen Lange offshore natural gas field

The Associated Press
Thursday, September 13, 2007

OSLO, Norway: Natural gas production from the Ormen Lange offshore field, eventually expected to supply 20 percent of Britain’s needs, started up Thursday, the Norsk Hydro ASA group said.

When flows from the Norwegian Sea field reach capacity of about 70 million cubic meters (42 trillion cubic feet) per day, it will make the Nordic country the world’s second-largest natural gas exporter, a statement said. Norway is the world’s third-largest gas exporter and the fifth largest oil exporter. 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.

Bloomberg: Total, Valero Refineries Lose Power After Humberto (Update2)

By Jim Polson

Sept. 13 (Bloomberg) — Total SA, Europe’s third-largest oil company, and Valero Energy Corp., the biggest U.S. oil refiner, said Hurricane Humberto knocked out power to their Port Arthur, Texas, plants today.

A blackout shut Valero’s plant in Port Arthur, Texas, and the company is sending crews to assist, Bill Day, spokesman for San Antonio-based Valero said in an e-mailed statement. No other Valero refineries were affected, Day said.

Rick Hagar, spokesman for Paris-based Total, said no information was available on output at their refinery. Crews are assessing damage and working to restore electricity, which failed about 4:33 a.m. local time, Total said in a report to the Texas Commission on Environmental Quality. 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: Shell says no problems reported at Motiva Port Arthur

Thu Sep 13, 2007 1:13PM BST
 
HOUSTON, Sept 13 (Reuters) – Shell Oil Co. (RDSa.L: Quote, Profile, Research) said no problems due to Hurricane Humberto have been reported by its 285,000 barrel per day joint-venture Motiva Enterprises refinery in Port Arthur, Texas, Thursday.

High winds and heavy rains shut a nearby refinery in Port Arthur, which is on the Texas Gulf Coast on the border with Louisiana.

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.

AFX Asia (Focus): Mitsubishi Heavy, Shell, Exxon Mobil to develop coal liquefying device – report

Published: Sep 13, 2007

TOKYO (Thomson Financial) – Japanese heavy engineering and shipbuilding company Mitsubishi Heavy Industries Ltd will jointly develop coal liquefication facilities to produce gasoline and other petroleum products, with Royal Dutch Shell Plc and Exxon Mobil Corp, to deal with surging crude oil prices, the Nikkei reported on Thursday.

Shell and Exxon Mobil each aim to introduce such facilities beginning in 2010, and have embarked on projects to develop large-scale commercial plants capable of processing around 100,000 barrels of oil each day, the business daily said, without citing sources. 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.

AFX UK (Focus): Shell offers Rosneft stake in Karlsruhe, Germany refinery – report

Published: Sep 13, 2007

MOSCOW (Thomson Financial) – Royal Dutch Shell is offering OJSC Rosneft a stake in the Miro Mineraloelraffinerie Oberrhein GmbH & Co KG refinery in exchange for the right to participate in two oil fields that the Russians plan to develop, the Vedomosti daily reported citing two anonymous sources at Rosneft.

A third source told the newspaper that the proposal is part of the strategic cooperation the two companies announced in July. This source said Shell and the state-owned Russian company began discussing the matter when they signed the agreement. 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.

AFX UK (Focus): Kazakh parliament studying bill to nationalise oil fields

Published: Sep 13, 2007

MILAN (Thomson Financial) – The Kazakh parliament is studying legislation that would give the government the right to nationalise oil fields managed by foreign companies, the Italian daily Il Sole 24 Ore said citing a draft of the bill.

The amendment to the country’s legislation on natural resources would enable the government to annul two to six month-long contracts if there has been a significant change in circumstances that affects the country’s interests, and if no alteration is made to the terms of the deal, the newspaper said. 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.

Asia Pulse: SHELL AUSTRALIA SAYS IT WAS NOT GOOD AT RETAILING

Published: Sep 13, 2007

MELBOURNE, Sept 13 Asia Pulse – Oil company Shell Australia admitted it left the retailing business because it wasn’t good at it, an inquiry into the price of unleaded petrol was told today.

In August 2003, Shell struck a deal with Coles to take over 600 petrol station sites to sell fuel as the supermarket giant looked to counter the operation competitor Woolworths had established with Caltex.

Shell chairman Russell Kaplan told the Australian Competition and Consumer Commission (ACCC) that maintaining franchises Australia-wide was expensive and saw an alliance with Coles as an opportunity to cut costs. 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.

Houston Chronicle: Gasoline and oil may not march in step: ENERGY

Brett Clanton,
Published: Sep 13, 2007

Gasoline prices are creeping up again, and record crude oil prices this week could push them higher, but a post-summer slowdown in gas usage may help blunt the impact of the hike.

Yet if crude prices remain at current highs, analysts said Wednesday, refiners may feel pressure to increase the selling price of gasoline to cover their costs.

Crude futures closed Wednesday at a record $79.91 per barrel after trading above $80 earlier in the day. The previous record was $78.23 just a day earlier. 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.

AFX UK (Focus): Capital Intl lifts interest in Royal Dutch Shell to 3.0036 pct

Published: Sep 13, 2007 LONDON (Thomson Financial)

Capital International Group PLC said it has doubled its stake in Royal Dutch Shell PLC’s American Depository Receipts (ADR) thus lifting its interest in the oil giant to 3.0036 pct.

The company said it now holds 22.60 mln ADRs and that it has 109.03 mln voting rights in Royal Dutch shell.

[email protected] ukn/jlc Copyright AFX News Limited 2007. All rights reserved.

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 Post: Optimism surrounding Mackenzie Gas Project grows

Jon Harding , Financial Post
Published: Thursday, September 13, 2007

One of Canada’s largest logistics companies catering to northern development projects added its name to a growing list of optimists who believe the $16-billion Mackenzie Gas Project will proceed.

“As others have said here this week, we believe it’s not a question of ‘if’ but rather ‘when’,” said Bob German, CFO of Horizon North Logistics Inc., a publicly traded Calgary firm.

Horizon, which runs a division that operates barges to move heavy equipment and personnel along the remote Mackenzie River in the Northwest Territories – the path of the proposed 1,400-kilometre natural gas link between the Mackenzie Delta and Alberta – believes talks are progressing on a restructuring of the project, perhaps along ownership lines, and that the project has become a key plank in Ottawa’s strategy to reinforce Canada’s ownership of parts of the Arctic. 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.