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April 20th, 2006:

Houston Chronicle: Energy Leaders Note Chinese Developments Underway

(BW) While US Points the Finger, China Gets Busy — Energy Leaders Note Chinese Developments Underway in World Energy Magazine

By Business Editors(c) 2006 Business Wire

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HOUSTON–(BUSINESS WIRE)–April 20, 2006–Given limited amount of supplies in certain geographical areas, and that the impact of emissions on the environment will eventually affect us all, World Energy Magazine presents numerous references by world energy leaders to the fact that growing demand will only be met by “extending knowledge and applying technology.” BP p.l.c., Royal Dutch Shell p.l.c. and GE Oil & Gas CEOs refer to China as a place where solutions are already underway. To get up to speed read these articles now at www.worldenergysource.com.

BP p.l.c. CEO Lord Browne of Madingley reports on his visit to Beijing, that a “process of transition” is already beginning. “It was clear,” Browne noted, “…that there is no sense of complacency in China.” He was “struck,” he said, “by the amount of work being done on these issues,” referring to improving energy efficiency, coal options, and nuclear experiments, such as the experimental reactor being developed at Tsinghua University. China's desire for knowledge is “very powerful,” he states. Further, he offers, China's supply security will come from “links between the Chinese state companies and the private sector” as well as China's developing “…involvement in the international trading market.” Jeroen van der Veer adds in his article, that while science and technology is the essential first step, “Delivering Technology” is the challenge. read more

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Forbes/AFX News Limited: Shell sees Gulf of Mexico Mars platform onstream by end-May

AFX News Limited
Shell sees Gulf of Mexico Mars platform onstream by end-May 04.20.2006, 10:57 AM

LONDON (AFX) – Royal Dutch Shell PLC said its Mars platform in the Gulf of Mexico, which was damaged by Hurricane Katrina last year, will be operational by the end of next month, ahead of previous schedules.

[email protected]

 
afp/bam

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OilOnline: Shell and ExxonMobil boost UK Energy Supply

Shell and ExxonMobil boost UK Energy Supply

By: OilOnline

Thursday, April 20, 2006

 

Shell U.K. Limited, on behalf of itself and co-venturer Esso Exploration and Production UK Limited (an ExxonMobil subsidiary), announced an increase in gas supply to the UK with the commencement of gas production from the Cutter field in the southern North Sea. The Cutter development will use wind and solar technologies in the production of natural gas.

 

The design of the Cutter field Trident Monotower installation is based on the construction of offshore wind turbines and therefore rests on a single leg. The lower construction and maintenance costs – the fabrication cost alone is around 40% of that of traditional platforms – of the unmanned Monotower platform, compared to conventional designs, enables the access and recovery of small pockets of resources that previously would have been deemed uneconomical. read more

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MarketWatch: Sakhalin Energy signs LNG supply deal with Hiroshima Gas

MarketWatch: Sakhalin Energy signs LNG supply deal with Hiroshima Gas

6:20 AM ET Apr 20, 2006

MOSCOW (MarketWatch) — Sakhalin Energy, the Royal Dutch Shell PLC-led (RDSB.LN) consortium developing the Sakhalin-2 project off the coast of Russia's Far East, said Thursday it has signed a deal to sell 210,000 metric tons of liquefied natural gas a year to Hiroshima Gas Co. (9535.TO).

The deal is to run for 20 years.

The company said the deal is the first to involve a use of a small LNG carrier. Hiroshima Gas is planning to use a newly built ice-class LNG vessel with a capacity of some 20,000 cubic meters to transport the LNG to its own regassification facilities at Hatsukaichi. read more

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Globe & Mail (Canada): Shell planning, timing brings major project in under budget

Shell planning, timing brings major project in under budget

Senior executives credit close monitoring and early intervention as key factors

PATRICK BRETHOUR

CALGARY — In a sector short of everything from concrete to carpenters, Shell Canada Ltd. has pulled off an increasingly rare feat with its $400-million project to retool its Edmonton and Montreal refineries — coming in under budget.

Good timing played a big part in that accomplishment, an important one for Shell after it overspent by billions in building its Athabasca Oil Sands Project earlier in the decade.

“Let me be very honest. We were very fortunate in getting these projects built when we did. I'm glad we didn't leave it even six months later,” said David Weston, senior vice-president of oil products for Shell Canada. The project wrapped up construction in December. read more

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Toronto Star: Shell Canada, Fort McKay band sign oilsands deal

Shell Canada, Fort McKay band sign oilsands deal Apr. 19, 2006. 06:10 PM CANADIAN PRESS CALGARY — Shell Canada Ltd. (TSX: SHC) has signed an agreement with the Fort McKay First Nation to acquire oilsands leases through an exchange of options. The deal, announced Wednesday, involves Shell's Lease 90 and Fort McKay oilsands lands received as part of the band's treaty land-claim settlement.   The land will be leased to Shell for potential incorporation into the Athabasca oilsands project. Lease development models remain under review and financial details were not released Wednesday. “A lease of Fort McKay First Nation's land will be an excellent addition to our long-term business plan,” said Clive Mather, Shell Canada's CEO. “While additional work with government is still to be done, this agreement has the potential to return real value to both Shell and Fort McKay for many years to come.”   The Fort McKay First Nation — about 65 kilometres north of Fort McMurray — will be entitled to royalty payments on production and an option to acquire and work with Shell on the development of Lease 90. Chief Jim Boucher said his community is “excited about the possibility of becoming an oilsands developer in our own right.”   The Athabasca oilsands project consists of the Muskeg River Mine, about 75 kilometres north of Fort McMurray, and the Scotford upgrader, near Fort Saskatchewan, northeast of Edmonton.   The oilsands development is a joint venture among Shell Canada, with 60 per cent, Chevron Canada, with 20 per cent, and Western Oil Sands LP (TSX: WTO), with 20 per cent. Shell Canada's shares closed up 18 cents to $45.84 on the Toronto Stock Exchange.
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Daily Telegraph: Database: Energy

Energy

Apache Corp, an American oil and gas company that specialises in tapping older fields, is to buy BP's wells in the shallow waters off the Gulf of Mexico for $1.3bn in cash.

Vanco Energy, an American-based oil-exploration company, won a bid for licences to pump oil and natural gas in Ukraine's part of the Black Sea, seeing off competition from Exxon Mobil and Royal Dutch Shell, the Ukrainian government said.

• Royal Dutch Shell has built a natural gas platform in the North Sea that uses only wind and solar power and will supply as much as 1pc of Britain's needs for the next 15 years. read more

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Lloyds List: Industry is bunkered as new rules cause confusion

Industry is bunkered as new rules cause confusion
That is the message to come out of the recent Aracon bunkering conference in Antwerp, writes Helen Hill
Lloyds List; Apr 20, 2006

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Attending the recent Aracon bunkering conference in Antwerp, vague memories of a certain Spice Girls song came to mind 'I'll tell you what I want, what I really, really want.' read more

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RIA Novosti: Sakhalin Energy signs LNG deal with Japan

Sakhalin Energy signs LNG deal with Japan

10:52 20/ 04/ 2006
 

MOSCOW, April 20 (RIA Novosti) – Sakhalin Energy, the operator for the massive Sakhalin II project, signed a contract Thursday with a leading Japanese firm to supply 210,000 metric tons of liquefied natural gas annually for the next 20 years.

The deal with Hiroshima Gas, a leading Japanese producer and supplier of natural gas and LNG, says deliveries will be carried out using small vessels with ice-breaking capability to transport about 20,000 cubic meters of LNG each.

Sakhalin Energy, owned by Royal Dutch/Shell (55%) and Japan's Mitsui (25%) and Mitsubishi (20%), is developing two vast offshore fields off the island of Sakhalin in Russia's Far East that hold estimated recoverable reserves of 150 million metric tons of oil and 500 billion cubic meters of gas. It is also building Russia's first liquefied gas plant on Sakhalin with a designed capacity of 9.6 million tons a year. read more

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Lloyds List: Energy Briefing

Energy Briefing
Martyn Wingrove
Lloyds List; Apr 20, 2006

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Manati gathers pace

PETROBRAS and Norse Energy have accelerated development on the Manati gas project off Brazil by bringing in a second jack-up rig. read more

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AP Worldstream: Militants say exploded car bomb at military base in Nigerian oil hub

Militants say exploded car bomb at military base in Nigerian oil hub
DULUE MBACHU
AP Worldstream; Apr 20, 2006

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Ethnic militants fighting government forces in Nigeria's southern oil region said they exploded a car bomb at a military base in the city of Port Harcourt, the main hub of the country's oil industry. read more

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Irish Times: Shell raises prices as oil breaks record

Shell raises prices as oil breaks record
Irish Times; Apr 20, 2006

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One of the Republic's biggest oil companies increased fuel charges yesterday as crude prices hit new highs on international markets, writes Meg Shreve and Barry O'Halloran read more

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Lloyds Lists: Oil giants seek ban on ONGC and Reliance in Indian round

Oil giants seek ban on ONGC and Reliance in Indian round

Aggressive bidding deters multinationals, writes Shirish Nadkarni in Mumbai
Lloyds List; Apr 20, 2006

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MULTINATIONAL oil giants Shell, Exxon and British Petroleum have sought a ban on bidding by India's state-run Oil ' Natural Gas Corp and the privately owned Reliance Industries for fresh oil and gas blocks tenders on the sub-continent. read more

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Financial Times: Extras play role in ratcheting up remuneration as executive pay packages increase by 11%

Extras play role in ratcheting up remuneration as executive pay packages increase by 11%

By Kate Burgess
Published: April 20 2006 03:00 | Last updated: April 20 2006 03:00

Investors leafing through the pile of remuneration reports and voting forms ahead of annual meetings will find that basic pay packets haven't grown nearly as much as bonus and incentive schemes.

//

It is still early in the season but already some institutional shareholders have spotted a trend of “ratcheting” up overall executive remuneration where the double-digit rises are from extras rather than salary. read more

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Financial Times: BP admits 30% cost overrun on Baku pipeline

BP admits 30% cost overrun on Baku pipelineBy Carola Hoyosand Thomas Catan
Published: April 20 2006 03:00 | Last updated: April 20 2006 03:00

BP has admitted the Baku-Ceyhan oil pipeline project it manages will cost 30 per cent more than the energy group first expected.

//

David Woodward, head of BP Azerbaijan, yesterday said the 1,768 km (1,099 mile) pipeline, which is about six months late, would cost $3.9bn (£2.18bn) rather than $2.95bn. read more

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Financial Times: Gazprom issues threat to EU gas supply

Gazprom issues threat to EU gas supplyBy Neil Buckley and Arkady Ostrovsky in Moscow
Published: April 19 2006 19:33 | Last updated: April 19 2006 19:33

gazpromGazprom, Russia’s state-controlled gas monopoly, on Wednesday told European Union countries not to block its international ambitions, warning that it could redirect supplies to other markets.

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In a statement after a meeting between Alexei Miller, Gazprom’s chief executive, and EU ambassadors, the company said: “It is necessary to note that attempts to limit Gazprom’s activities in the European market and politicise questions of gas supply, which in fact are of an entirely economic nature, will not lead to good results.” read more

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Forbes/AFX News Limited: Mitsubishi Corp to invest up to 1.8 trln yen for energy projects – report

 

AFX News Limited

Mitsubishi Corp to invest up to 1.8 trln yen for energy projects – report

04.19.2006, 09:21 PM

 

TOKYO (AFX) – Mitsubishi Corp will spend 1.5-1.8 trln yen from this year to 2009 to fund existing gas and coal projects, the Nihon Keizai Shimbun reported without citing sources.

 

Major trading firms have been increasing their investments to take advantage of soaring prices for natural gas and other resources, the business daily said, adding the amount of Mitsubishi's investment marks a sharp increase from the 800 bln yen it initially projected for the years to March 2004 to 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.