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Posts on ‘November 3rd, 2006’

Bloomberg: Crude Oil Rises After U.S. Says Nigerian Militants Plan Attacks

By Mark Shenk

Nov. 3 (Bloomberg) — Crude oil rose after the U.S. government warned that Nigerian militants are preparing to stage a large-scale attack on oil facilities in the Niger delta.

Militants agreed last month to make a coordinated assault in the region that is responsible for most of Nigeria’s oil output, the U.S. consulate in Lagos said. The attack could take place within days and may include 10 to 20 simultaneous bombings of land-based targets and a series of strikes on oil facilities, the statement 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.

Dow Jones Newswires: US Warns Oil Indus Attacks In Nigeria In Days

November 3, 2006
By Spencer Swartz
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- The U.S. Embassy in Nigeria warned Friday that within days a militant group may attack up to 20 oil facilities in Africa’s biggest oil producing country.

“This is what we are being told by our sources,” a U.S. Embassy official in Nigeria’s capital Abuja told Dow Jones Newswires.

In a notice released Friday, the U.S. consulate in the country’s commercial capital Lagos warned that a militant group “may have finalized its plans for a unified attack against oil facilities in the Niger Delta region” where nearly all of Nigeria’s oil is produced. 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.

allAfrica.com: Nigeria: Shell and Chevron Reopen Facilities in Niger Delta

Daily Champion (Lagos)
Posted to the web November 3, 2006
Tony Ita Etim
Port Harcourt

FOUR oil facilities belonging to Shell Petroleum Development Company and Chevron Texaco shut down about a week ago have been reopened.

The reopening of the Flow stations followed a peace meeting brokered by the Presidential Committee on Niger Delta Disturbances which met with the oil companies and leaders of the community in Port Harcourt.
   
The spokesman for the community, Mr. Dan Opusiji told newsmen in Port Harcourt that youths have resolved to reopen the facilities. 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.

ResourceInvestor.com: Peak Oil Passnotes: BP and Shell Show Failures of Corporate Model

EXTRACT:  “…make no mistake; the age of the energy super major is drawing to a close. Place your bets elsewhere.”

THE ARTICLE 

By Edward Tapamor
03 Nov 2006 at 12:38 PM EST

PARIS (ResourceInvestor.com) — If it were possible to have never ending economic growth something very difficult would have to happen. Basically we would need a never ending supply of resources and a never ending supply of capacity in which to expand.

These kind of economic neo-classical laws simply do not work and two of the companies who are finding out first are the oil companies Shell [NYSE:RDS-B; LSE:RDSB] and BP [NYSE:BP; LSE:BP].
 
Shell has been stumbling around the world trying to find extra production since the turn of the century, and well before that too. It has indeed managed to find some amazing new deposits of oil and gas, most notably the Sakhalin projects in Russia, notably Sakhalin2. 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.

Radio Free Europe/Radio Liberty: Russia: The Fiction And Fact Of Empire

President Putin

The polar emperor?
(TASS)

By Victor Yasmann

PRAGUE, November 3, 2006 (RFE/RL) — In the new book by nationalist writer Aleksandr Prokhanov, a dynamic Russian leader known as the “Emperor of the Polar Star” comes to power after winning a war against proud mountain-dwellers in the Caucasus.

The book, “Symphony Of The Fifth Empire,” is a collection of essays calling on Russia’s elite, liberals, and patriots alike to unite to construct a new Eurasian empire — a successor to the Soviet Union and Tsarist Russia. Prokhanov’s book, which he says is the most important in his life, has reportedly been translated into English, Chinese, Hebrew, Ukrainian, and Latvian. 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: ConocoPhillips to search for fresh opportunities with Russia’s Lukoil

Nov 3, 2006

NEW YORK (MarketWatch) — ConocoPhillips (COP) will continue looking for fresh opportunities with Russia’s Lukoil Holdings (LKOH.RS), the company’s chief executive said Thursday.

ConocoPhillips has a 19% stake in Lukoil, Russia’s largest crude oil producer, which will rise to 20% by year end. Together they are developing the Yuzhno-Khylchuyuskoye field in northern Russia, which currently produces 10,000-11,000 barrels of oil a day.

The field licenses are held by the joint venture, Naryanmarneftegaz, which is targeting output of 200,000 barrels a day by 2010. 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: Oleg bites back

United Kingdom
Published: Nov 03, 2006

I read with interest your report on the Sakhalin situation (Kremlin attack dog vows to take on Shell, October 4). The stereotypical portrayal of me is worthy of Robert Ludlum: I am called Oleg (at least you got that right); I am 6ft 2in; I am called an attack dog – well, I’ve been described as many things but my resemblance to a rottweiler is marginal; I am wearing a black coat (I do own one, in common with many Russians, although it’s not a full-length trench coat); I (apparently) travel in a leopard-print jet, although dogs aren’t that fond of such furnishing and prefer the usual leather or plastic seats. I am portrayed like the assassin in The Bourne Supremacy (although, believe me, any such likeness really is slight); the kind of man who is motivated solely by greed and money and who couldn’t possibly have any bona fide environmental interest. 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 Independent: Corrib protest perceptions

Published: Nov 03, 2006

A disturbing feature of the Corrib Basin dispute has been gross misrepresentation of the Shell to ea campaign by the Irish sensationalist press. This warping of the public perception of the true nature of the dispute, does a grave disservice to Irish democracy.

I participated recently in one of the daily protests in Rossport, and can say that the “Shell to Sea thugs” and the technophobic troglodytes of Rossport (whose protest is run by paramilitaries, surprise, surprise!) are, in fact, ordinary decent citizens who have studied how a Shell-led consortium proposes to process the Corrib Basin reserves onshore and the likely impact of such on their community. 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.

Indymedia: Shell disrupted in Reading! Solidarity with Rossport and Niger!

02.11.2006 18:14 

12 protestors blockaded a Shell garage in Reading last night, effectively stopping business for an hour. This action was taken in solidarity with communities struggling against destruction caused by Shell in Rossport, Ireland and the Niger Delta, Nigeria.

At roughly rush hour last night, protestors blocked the main entrance to the garage with bodies and a banner reading “sHELL out of Ireland!”. Other protestors blocked the rear entrances while loads of leaflets were distributed to passing motorists. 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: Russian Deal Making

COMMENT FROM breakingviews   
November 3, 2006

Are Russia’s oligarchs worried about what happens after Vladimir Putin goes in 2008? That is certainly what their seemingly anxious search for a way out of Russia suggests.

Some — like Severstal’s Alexei Mordashov and Rusal’s Oleg Deripaska — are looking to float their assets on the London Stock Exchange. Others — like Alfa Group’s Mikhail Fridman and Sistema’s Vladimir Yevtushenkov — are trying to go one step further. They have been seeking to reverse their telecoms assets into established Western firms — Vodafone Group and Deutsche Telekom respectively. 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: November 2, 2006 4:47 p.m.

THE WALL STREET JOURNAL ONLINE

Crude-oil futures fell to a two-week settlement low of less than $58 a barrel on the New York Mercantile Exchange Thursday as traders eyed forecasts for warm U.S. November weather and questioned OPEC’s ability to deliver on planned production cuts. Here’s Thursday’s roundup of oil and energy news:

* * *
CNPC SEEKS AFRICAN PIPELINES: China’s thirst for foreign crude is driving China National Petroleum Corp., its biggest oil company, to examine several pipeline projects in northern and western Africa. A strategy of soft loans and aid to poor nations has enabled China to muscle past Western rivals in the race for some of Africa’s energy assets, but China has yet to move some of its newfound oil back home. 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: Russian oil output falls amid Exxon setback

MOSCOW, Nov 2 (Reuters) – Russian oil output fell for a second month in a row in October partly because the country and Exxon Mobil failed to solve differences over a Sakhalin venture holding back the start up of full-scale production.

Energy Ministry data showed late on Wednesday output fell to 9.71 million barrels per day (bpd) in October from 9.75 million in September and an all-time high of 9.76 million bpd in August.

Production peaked in August after Exxon ramped up output at its Sakhalin-1 production site and said it was on track to reach output of 250,000 bpd by the end of the 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.
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