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Posts on ‘January 12th, 2008’

The Guardian: Iraqi Oil Output Increases in December

Saturday January 12, 2008 6:01 PM
By SINAN SALAHEDDIN
Associated Press Writer

BAGHDAD (AP) – Iraq’s average oil output rose again in December, marking a roughly 30 percent increase since the start of 2007, the country’s oil ministry said Saturday.

The average output last month reached 2.475 million barrels per day, according to figures released by the State Oil Marketing Company. In January 2007, output was 1.9 million barrels.

Since the 2003 U.S.-led invasion that removed Saddam Hussein from power, Iraqi production has mostly hovered between 1.7 million and 2 million barrels per day, according to the International Energy Agency. Its prewar production was 2.58 million barrels per day. 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.

India eNews: Venezuelan oil reserves will be world’s largest by 2009

From correspondents in Americas, 04:00 PM IST: Saturday, January 12, 2008

Venezuelan President Hugo Chavez has said that by the end of 2009, the country will have 313 billion barrels of certified oil reserves, the largest in the world, Spanish news agency EFE reported Saturday.

Chavez told lawmakers Friday that the country’s oil reserves stand at 100 billion barrels, including 20 billion ‘certified in the last two years through a strict international process’.

Chavez said when he took office in 1999, the country had 76 billion barrels of proven reserves. 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.

ITPro: Shell’s IT outsourcing plans lambasted

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Posted by Maggie Holland at 8:35AM, Saturday 12th January 2008

NOA and Unite are concerned about Shell’s IT plans, specifically the redundancy packages on offer and the wider impact the move will have on technology’s status in the business.

Rumours of oil giant Royal Dutch Shell outsourcing more than 3,000 tech jobs have been met with anger and caution by key industry bodies who are concerned about the impact the decision may have on both IT staff and IT itself. Industry union Unite (formerly Amicus) is believed to be considering legal action over Shell’s redundancy packages, which offer IT staff up to £50,000 – a sum that is somewhat overshadowed by the £200,000 up for grabs when oil rig workers are made redundant.While – in a warning that has wider industry implications for other companies keen to embrace the cost savings and other benefits on offer from outsourcing – National Outsourcing Association (NOA) is concerned that the move could potentially devalue the perceived role of IT in the company. 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.

RigZone: Nigerian Group MEND Raises Alarms with Tanker Blast

By Spencer Swartz     
Dow Jones Newswires     

LONDON, (Dow Jones Newswires): A well-known Nigerian militant group said Friday it detonated a remote explosive device that caused a fire on a tanker and said it got help carrying out the attack from people in the energy industry and Nigeria’s intelligence services.

The attack signals a sharp escalation in violence against the energy industry in Nigeria by the Movement for the Emancipation of the Niger Delta, which has waged a two-year campaign in Nigeria’s crude-producing region to rest more control of the area’s oil resources. 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: Report Stirs Concern Kazakh Oil Deal May Be Scuttled

By ANDREW E. KRAMER
Published: January 12, 2008

MOSCOW — Shares in the Italian oil company Eni dipped on Friday after a Russian news agency reported that the government of Kazakhstan was preparing to cancel a contract with a consortium led by Eni that is developing the Kashagan field, one of the world’s largest oil projects.

But an abrogation of the contract seemed unlikely given that as recently as last month the president of Kazakhstan, Nursultan Nazarbayev, said his government would not cancel the deal. 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 Week

By Stanley Pignal
Published: January 12 2008 02:00 | Last updated: January 12 2008 02:00

Oil & Gas

BP ‘s share price lost ground following analysts’ cuts in its fourth-quarter profit outlook. The group drew attention to lower margins in its refining division, as well as higher production-sharing costs with government partners. Record oil and gas prices are delaying big hydrocarbons projects as governments haggle with oil companies over taking a higher share in revenues, according to Jeroen van der Veer, chief executive of Royal Dutch Shell . 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: What’s Hot – and Not: 12 JAN 2008

Wall Street Journal Graphic

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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