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Posts on ‘May 12th, 2006’

Petroleum News: Shell builds castles in the sands

Shell builds castles in the sands

Mega-major makes bid for junior BlackRock Ventures to expand interests in Alberta’s Peace River region

Gary Park

For Petroleum News

The North American progeny of Royal Dutch/Shell are thrusting their way to the forefront of Alberta’s oil sands.

Already rumored to be planning a C$17 billion investment over the next decade to boost output from their Athabasca project from 155,000 barrels per day (currently 77,400 bpd net to Shell) to as much as 600,000 bpd, the company has broadened its horizons even more this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

NewsWire.ca: Shell Canada celebrates official opening of $400M ULSD project

NewsWire.ca: Shell Canada celebrates official opening of $400M ULSD project

CALGARY and FORT SASKATCHEWAN: Shell Canada Limited is pleased to celebrate the official opening of its $400-million Ultra Low Sulphur Diesel project at its refineries in Montreal East, Quebec and Fort Saskatchewan, Alberta.

Shell Canada President and CEO Clive Mather, along with employees, contractors, local community members and special guests, will gather for the inauguration today (May 9) at the Montreal East Refinery and tomorrow (May 10) at the Scotford Refinery, near Fort Saskatchewan. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Calgary Sun: Shell shocked over labour

Fri, May 12, 2006

Shell shocked over labour

UPDATED: 2006-05-12 01:46:47 MST

Search for skilled workers heats up as oil boom intensifies

By IAN WILSON, BUSINESS EDITOR

Finding workers — especially ones as productive as those currently at the oilsands — is a mounting challenge, says a Shell Canada official.

“One of the areas of concern that we have, and the rest of the industry has, is labour availability,” Brian Straub, Shell's senior vice-president of oilsands, told an investor meeting yesterday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Guardian: A cracking alternative to cement

A cracking alternative to cement

Alternative cement products make good environmental sense, writes Sean Dodson, especially if Britain is to meet its ambitious targets to reduce carbon dioxide emissions

Thursday May 11, 2006
The Guardian

In 1824 an English bricklayer named Joseph Aspdin rediscovered one of the great secrets of the ancient world. Burning limestone and clay together at an incredible heat – more than 2,700 degrees fahrenheit – made the two minerals fuse together. Once cooled and ground into a fine ash, the resulting substance would, after mixing with water, set as hard as the Portland stone that gave it its name. And while his invention, portland cement, is seldom celebrated in the same breath as steam power or the spinning jenny or even the mass introduction of soap, it too – literally – laid a cornerstone of the modern industrial world.

Beloved of master builders, detested by their labourers and used by the Romans, cement supports the very ground beneath your feet and keeps the roof from crashing in; yet few outside the building trade spare the back-breaking bringer of toil much thought. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE WALL STREET JOURNAL: Bolivia, Brazil Tread Delicate Line In Energy Talks

Bolivia, Brazil
Tread Delicate Line
In Energy Talks

By DAVID LUHNOWMay 11, 2006; Page A10

LA PAZ, Bolivia — Bolivia and Brazil began tough negotiations yesterday on terms of Bolivia's recent decision to nationalize its oil-and-gas industry, as well as its desire to raise the price of gas it exports to its energy-hungry neighbor.

How talks play out over the next few months will shape the development of South America's energy market over the next few years.

If Bolivia's terms are too tough, foreign firms that operate here, such as Brazil's Petróleo Brasileiro SA, known as Petrobras; Spain's Repsol YPF; and France's Total SA, may stop investing in finding new gas supplies or simply walk away, leaving Bolivia to try to manage fields it hasn't run for nearly a decade. Either move would hurt the economy in South America's poorest nation, home to the region's second-biggest gas reserves after Venezuela. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE WALL STREET JOURNAL: Oil Workers Kidnapped in Nigeria After Killing of Another Foreigner

Oil Workers Kidnapped in Nigeria
After Killing of Another Foreigner

DOW JONES NEWSWIRESMay 11, 2006 11:32 a.m.

Two foreign oil workers were kidnapped from a bus in the Nigerian oil city of Port Harcourt Thursday, people familiar with the matter said, a day after an expatriate employee of U.S. oil-services company Baker Hughes Inc. was shot and killed in the same city.

The abductees were employees of Saipem SpA, which is controlled by Italian oil-and-gas firm Eni SpA, and were being taken to work in a bus when they were kidnapped. The person said they were U.S. citizens, but a U.S. Embassy official said that neither was American. The embassy official said that one was Italian and it was unclear what the nationality of the second worker was. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

MarketWatch: Shell bids for two new blocks in Syria

Shell bids for two new blocks in Syria   Last Update: 7:14 AM ET May 12, 2006

LONDON (MarketWatch) — Anglo-Dutch major Royal Dutch Shell PLC (RDSB.LN) has submitted bids for two exploration blocks in Syria's current bidding round and is awaiting the result, a company spokesman said Thursday.   Syrian petroleum minister Sufian al-Alao told Dow Jones Newswires last month that Shell had a good chance of winning the blocks.   “Shell gave us the best conditions and a final decision will be made by the end of May,” he said. The blocks are located in the south-east of Syria, near the Iraqi border, he added. The terms of the license would be about seven years and the company should spend $50 million on oil and gas exploration, al-Alao said.   He added Shell has had a presence in Syria for 20 years. The country produces 415,000 barrels per day of crude oil, with France's Total SA (TOT) among the other European producers in Syria.   The European majors' continued interest in the Middle East country comes as some U.S. companies are either moving out, or are considering a pullout.   ConocoPhillips (COP) and Devon Energy Corp. (DVN) have already exited Syria, while earlier this week Marathon Oil Co. (MRO) signed a deal with Syria to resolve a long-standing contract dispute, a step that could allow it to withdraw.   In May 2004, U.S. President George W. Bush banned all U.S. exports to Syria, except for food and medicine, in accordance with the Syria Accountability Act. The 2004 sanctions require federal permits to export most oil field technology to Syria.   Company Web site: http://www.shell.com   -Contact: 201-938-5400 End of Story

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE WALL STREET JOURNAL: Oil-News Roundup 12 May 2006: BOILING OVER IN BOLIVIA: MORE NIGERIAN VIOLENCE

Oil-News Roundup

The WALL STREET JOURNAL ONLINEMay 12, 2006

Crude-oil prices rose again, crossing $73 a barrel, on continuing geopolitical tensions and supply concerns. Here is today's well of news about oil and energy.

* * *

BOILING OVER IN BOLIVIA: Bolivian President Evo Morales warned that oil companies whose assets were seized in a nationalization earlier this month might not be compensated for their loss, just hours after telling Brazil that he would consider such compensation. Mr. Morales also said nationalization might widen to include agricultural estates, Bloomberg reports. He also accused Brazil's Petrobras of operating illegally in Bolivia, Dow Jones reports. The company, in a written response tonight, called the charge “surprising” and described itself as “indignant.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE NEW YORK TIMES: Foreign Oil Workers Kidnapped in Nigeria

Foreign Oil Workers Kidnapped in Nigeria

By REUTERS
Published: May 11, 2006

Filed at 2:21 p.m. ET

Skip to next paragraph Reuters

PORT HARCOURT, Nigeria (Reuters) – Three foreign oil workers, including an Italian, were kidnapped from a car under armed escort in Nigeria's oil capital Port Harcourt on Thursday, a day after a U.S. oil executive was shot dead in the same city.

Police and industry sources said the abduction of the employees of Italian oil contractor Saipem was sparked by a dispute between the company and the community where it is working and that efforts were under way to secure their release. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE NEW YORK TIMES: Venezuela Urges Control of Oil Projects

Venezuela Urges Control of Oil Projects

By THE ASSOCIATED PRESS
Published: May 12, 2006

Filed at 12:30 a.m. ET

CARACAS, Venezuela (AP) — Venezuela's congress, dominated by supporters of President Hugo Chavez, released a report recommending the state assume majority control of key heavy oil projects run by companies like Chevron Corp. and Exxon Mobil Corp. in its oil-rich Orinoco River basin.

Such a move, which Chavez has yet to publicly endorse, would bring all active oil-producing operations run by foreign companies in Venezuela effectively under state control. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Irish Times: Cassells to ask Shell to clarify its plans

Cassells to ask Shell to clarify its plans
Lorna Siggins, Marine Correspondent
Irish Times; May 12, 2006

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The Government's Corrib gas pipeline mediator Peter Cassells is to ask Shell E&P Ireland today to clarify its position on alternative plans for the project in the light of conflicting statements from the company over the past week. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Reuters: Oil, gasoline soar on supply worries

Thu May 11, 2006 3:43 PM ET

NEW YORK (Reuters) – U.S. crude and gasoline futures ended sharply higher on Thursday as kidnappings in Nigeria and refinery snags in the United States stoked supply worries even though inventories rose last week.

Crude for June delivery <CLM6> settled up $1.19 at $73.32 per barrel on the New York Mercantile Exchange.

In London, June Brent crude <LCOM6> rose 99 cents to $73.43 a barrel.

NYMEX June gasoline <HUM6> rose 5.02 cents to $2.2196 per gallon, while June RBOB <RBM6> gained 3.06 cents to $2.49. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Moscow Times: EBRD Says It Will Move East in 2010

Friday, May 12, 2006. Issue 3409. Page 5.

 

EBRD Says It Will Move East in 2010

By Stephen Voss
Bloomberg

Alan Weller / Bloomberg

EBRD President Jean Lemierre

LONDON — The European Bank for Reconstruction and Development will cease funding in Baltic and Central European nations after 2010, turning its focus to Russia, southeastern Europe, the Caucasus and Central Asia.

The bank's board made the unanimous decision Thursday as it drew up its five-year plan, EBRD President Jean Lemierre said.

Overall funding will total 3.9 billion euros ($4.99 billion) in 2010, compared with 3.7 billion euros this year, he said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.