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Posts on ‘June 10th, 2006’

Bangor Daily News: The LNG Question: Does Liquefied Natural Gas Have a Viable Future in Maine?

Saturday, June 10, 2006

Although the demand for natural gas is on the rise and developers have set their sights on eastern Maine, it is not a foregone conclusion that any liquefied natural gas terminals will be constructed in the state.

According to government projections, the 18 LNG proposals that already have been approved by federal regulators in Canada, the United States and Mexico should have enough capacity to help meet the continent’s natural gas needs for the next 20 years.

So why are there 27 other formal proposals nationwide that have been submitted to federal regulators for approval, including two for Passamaquoddy Bay? 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 News Roundup: Saturday June 10, 2006

Oil prices resumed their climb, gaining more than $1 to settle at nearly $72 a barrel on the New York Mercantile Exchange. Worries about Nigerian production egged prices higher, as did the kidnapping of an Iraqi oil official. Here is Friday’s roundup of oil and energy news.

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NIGERIAN DISRUPTION: Tony Chukwueke, director of Nigeria’s Department of Petroleum Resources, sent ripples through global oil markets when he said militants had shut down about 800,000 barrels a day of his country’s oil production. Previous estimates had pegged the loss at just 500,000 barrels. Mr. Chukwueke quickly retracted his higher estimate and said the 500,000 figure was more accurate, but emphasized that his government was worried that interminable hostage-taking by militants could lead to greater losses. 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: Eye of the Storm In Katrina’s Wake, U.S. Oil Crossroads

Storm-Prone Gulf Holds Key
To Refining, Distribution;
Big Oil Keeps Supply Tight
Pipeline’s Race With the Clock

By CHIP CUMMINS in Hattiesburg, Miss., and RUSSELL GOLD in Austin, Texas
June 10, 2006; Page A1

Surging oil prices have stirred fears in Western capitals over threats to global energy security in hotspots from Iraq to Nigeria. But one of the energy world’s biggest weaknesses lies in America’s own backyard — the storm-prone Gulf of Mexico.

As the hurricane season starts this month, a little-understood episode from last summer — the shutdown of a massive gasoline conduit run by Colonial Pipeline Co. — underscores how vulnerable the U.S. energy network remains. After Hurricane Katrina blew ashore one morning late last August, red alarms lit up Carroll White’s computer console in the company’s control room, outside Atlanta. The storm knocked out electricity to seven pumping stations along Colonial’s pipeline, shutting down a major source of gasoline and jet-fuel supplies for more than a dozen states.
 
“We’re in big trouble,” Mr. White, a pipeline controller and former naval nuclear-reactor operator, remembers thinking. “Nobody’s gonna have gasoline.” 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 Times: Global Business Briefing: Natural Resources

Natural Resources
(Up 3.14%)

The Russian Duma is debating a Bill that would entrench Gazprom’s monopoly over gas exports, ending the possibility of foreign companies exporting Russian gas.

India’s flagship explorer Oil and Natural Gas Corp’s overseas investments will fall by $1 billion (£540 million) to $1.5 billion this financial year because of subsidies to refiners, according to the Petroleum Secretary M.S. Srinivasan.

Petrobras, the Brazilian state oil company, said that Bolivia was talking only about a tax increase and not assets nationalisation. 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/The Observer: Tidal firm heads for higher ground: Brought to you in association with Shell

Felix Lowe

Orkney-based Scotrenewables aims to set the industry standard in tidal renewable energy.

The company, founded in 2002 by entrepreneur Barry Johnston, made the headlines in February after being awarded the inaugural Springboard Award, set up by Shell to support commercially viable and innovative projects by small companies that could lead to greenhouse gas reductions. The free-floating, rotor-based, tidal current energy converter – the Scotrenewables Tidal Turbine – beat off competition from more than 250 entrants around the UK to win the £40,000 prize. 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/The Observer: It’s too late for the planet: or can we pull it from the fire? Brought to you in association with Shell

Respected scientist James Lovelock thinks it is too late to reverse climate change, writes Robin McKie, but the chairman of Shell UK, James Smith, is upbeat that major petroleum companies can play a big role in making amends, finds Nick Mathiason

Robin McKie:

James Lovelock has a simple message for the nation’s eco-warriors. Forget your hybrid car, mini-turbine on your roof, your carefully recycled rubbish and endless efforts to cut carbon emission. The whole business is not worth the effort. 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 Observer/The Guardian: Britain’s green investors have never had it so good: brought to you in association with Shell

Some of the new and established companies on the stock market are soaring, says Heather Connon

Green is becoming investors’ favourite colour. Once solely the province of funds specialising in socially responsible investment, now institutions from private equity to pension funds are putting their money into renewable energy and other green technology companies and projects. That is tempting green technology companies on to the stock market: the past 18 months has seen a surge in new issues, particularly on to the Aim market for smaller companies. 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 Observer/The Guardian: Four elements in struggle for world power: Brought to you in association with Shell

Wll the future of energy be fossil fuels, solar panels, wave power, or nuclear? Observer writers weigh up the merits of the competing technologies

Nuclear
By Oliver Morgan, industrial editor

Later this summer, one of the biggest pieces in the complicated jigsaw of future power supply will be put in place with the publication of the government’s energy review. The scope of the review, launched at the end of last year, was intentionally wide. It seeks to set the pattern of the UK’s energy supplies in the coming decades, against the background of trying to reduce carbon emissions by 60 per cent by 2050 and simultaneously ensuring supplies are not disrupted, whether through the intermittence of technologies delivering them, the financial stability of the companies providing them or the reliability of nations supplying sources of power. 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: Sunny outlook for developing world: Brought to you in association with Shell

Solar power will be the clean, green key that can unlock Africa’s poverty trap, says Heather Stewart

In Jigawa state, northern Nigeria, just south of the Sahara, the hum of electric sewing machines and hair-clippers can be heard long into the afternoon, driven only by the power of the hot African sun.

This project, singled out by Christian Aid as an example of how renewable power can bring enormous benefits to the developing world, is being expanded from the three villages which have already been electrified to 30 more. The solar panels drive pumps to extract water from deep wells; allow classrooms to be lit so that teachers can give lessons in the evenings; and electrify a series of ‘micro-enterprise buildings’, where tailors, barbers and other small businesses can upgrade to electric equipment. 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.

Financial Times: Equator principles: Radical plan is not without critics

By Demetri Sevastopulo
Published: June 9 2006 12:39 | Last updated: June 9 2006 12:39

In 2003, 10 European and US banks agreed to adopt a set of guidelines named the Equator Principles which were aimed at infusing environmentally and socially sound practices into their project finance businesses.
 
Crafted with the help of the International Finance Corporation – the private-sector lending arm of the World Bank – the principles were based on the IFC’s social and environmental guidelines for sustainable development. They included guidelines on a host of environmental issues and other areas such as labour standards. 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.

Financial Times: The profit paradox. (ExxonMobil must know how Cosa Nostra feels)

By Andrew Hill
Published: June 10 2006 03:00 | Last updated: June 10 2006 03:00

A search for “profit” on the Guinness World Records website returns only one direct reference: the Mafia, the world’s most profitable criminal organisation.
 
ExxonMobil must know how Cosa Nostra feels. On January 30, the US oil major announced the largest profit in US corporate history – $36.1bn after tax in 2005. With the price of petrol at the pump edging towards $3 a gallon, the results have added fuel to calls for legislation, windfall taxes, a review of merger policy, even the break-up of the oil giants. One of the measures proposed in Congress was a bill making it a criminal offence for petrol refiners, wholesalers and retailers to “price-gouge” – a reference to the old-fashioned gangster practice of extortion. 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.

BREITBART.COM: World’s who’s who hold secret talks in Ottawa (other attendees:Royal Dutch Shell chairman Jorma Ollila)

The world’s political elite, top thinkers and powerful business folk gathered here for an annual, ultra-secretive Bilderberg conference as heavy security kept conspiracy theorists and curious onlookers at bay.

Global luminaries such as former US secretary of state Henry Kissinger, US banker David Rockefeller and Queen Beatrix of the Netherlands were greeted at the airport by limousine drivers holding single-letter “B” signs late Thursday, said local reports.

They were quickly whisked away to the Brookstreet Hotel in a serene suburb of Ottawa for three-day talks on oil markets, security concerns tied to Iran’s nuclear ambitions, terrorism, and immigration, the Ottawa Citizen reported. 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.

Daily Times (Pakistan): Shell on renewable energy source

Saturday, June 10, 2006

ROTTERDAM: Royal Dutch Shell will pick a renewable energy source for commercial production but it is much too early to tell which one, its Chief Executive said on Friday.

“We don’t know which form of energy will win, and we don’t know how quickly we will know,” Jeroen van der Veer said at a meeting of Dutch business leaders.

Alternative or renewable energy sources include wind power, biofuels, hydroelectric power, nuclear and solar energy.

The alternative energy source that Shell selects will need to build on the company’s strength in processing fossil fuels and implementing major projects in hostile environments, such as oil and gas exploration fields and refineries. 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.
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