The emergency measures activated discreetly last Friday in an attempt to reduce the risk of panic buying would safeguard fuel for emergency services and provide for supplies to be moved around the country to areas of shortages.
June 9th, 2008:
Strike talk activates emergency oil plans
Why oil prices hit a record high above $139
Adjusted for inflation, oil is well above the $101.70 peak hit in April 1980, according to the International Energy Agency, a year after the Iranian revolution. The balance of demand and supply is tight with daily demand of roughly 86 million barrels per day, almost the same level as daily supply.
Gazprom, Shell to Exploit Outside Resources
According to Shell's Executive Officer Jeroen van der Veer, the company that sold a stake in Sakhalin-2 to Gazprom in 2006 has sealed with Russias monopoly a protocol for joint exploitation of LNG in Russia and third states. The matter at stake is construction of LNG plant in Yamal.
Oil seen hitting $150 this summer: Goldman analyst
Forecasts that oil could head towards $150 and above have multiplied over the past month as prices broke through several records, the latest being last Friday, when oil soared more than $11 a barrel on Friday, its biggest one-day gain ever.
TNK-BP boss does a no-show for questioning by prosecutors
Analysts say the joint venture is being subjected to a legal onslaught, that also includes investigations into alleged tax evasion and industrial espionage, in a Kremlin-approved campaign to force the company to cede control to a state-owned firm.
“In Western Europe, diesel is all the time gaining market share compared to gasoline”: Jeroen van der Veer
``In Western Europe, diesel is all the time gaining market share compared to gasoline,'' Jeroen van der Veer, chief executive of Royal Dutch Shell Plc, Europe's largest oil company, said in Kuala Lumpur. ``We expect those trends will continue.''
BP’s Hayward Says Era of Cheap Energy Prices Is Over
Nigerian President Umaru Yar'Adua on May 20 ordered his government to seek $1.9 billion from Shell and Exxon in revenue and taxes from two deepwater projects.
Shell extends assessment deadline on propose St, Clair Township refinery
Project manager Amrik Ahluwalia notified local leaders Friday that the company would not meet its June 25 deadline, saying Shell has developed some breakthrough technology to reduce the refinery's environmental footprint that the company wants to further explore.
Gasoline Hits Average of $4 a Gallon
The average price of gasoline in the U.S. hit $4 a gallon for the first time Sunday, the latest milestone in a run-up in fuel prices that is sapping consumer confidence and threatening to nudge the nation into recession.
G8 energy ministers highlight oil fears and seek investment boost
A joint communiqué by the Group of Eight ministers, also signed by China, India and South Korea, stopped short of the tough language demanded by Kevin Rudd, Australia's prime minister. He urged G8 leaders to "apply the blowtorch to Opec"...
Strategic oil reserves
...violence in Nigeria, which produces a 10th of the world's sweet crude, puts pressure on supplies. The resulting squeeze helps raise the price of benchmark crudes such as WTI.
Accent on égalité
Last month, Shell shareholders expressed dissatisfaction with a plan to award three executives bonuses of 1m. The motion was carried but just under half of voting shareholders failed to back it and a third voted against.
BP battle for Russia oil deal to escalate
A battle between BP and its Russian partners for control of TNK-BP, the oil venture, overshadowed Russias efforts to court chief executives from some of the worlds biggest companies this weekend as a senior government official said the stand-off was set to escalate.
Nigeria: Commissioner Demands Compensation From Shell For Oil Spill
He said the only way to calm frayed nerves and forestall a resort to violence by restive youths of the affected communities was for Shell to pay compensation for the pollution.
Shell accused of importing arms and ammunition into the Niger Delta over a decade ago
In the letter titled: "Request for Certified True Copy of Approval given to the Shell Petroleum Development Company Nigeria Limited to Import Arms and Ammunition to the Niger Delta", Falana applied for a certified true copy of an alleged approval dated 20th July, 1994 given to Shell to import arms and ammunition to the Niger Delta.
Texas Petroleum Group to Scoop up 162 Shell Locations
HOUSTON -- Texas Petroleum Group LLC (TPG) signed a purchase and sale agreement for Motiva Enterprise LLC's interest in 162 Shell-branded retail gas stations in the Houston metropolitan area, Shell spokesperson, Robin Lebovitz, told CSNews Online
Promotions expert claims Shell stole his Smart card idea: Sunday Telegraph 6 June 1999
Selection of links to news stories and other information about the Donovan's past litigation with Shell.
Gazprom Wants to Build Pipeline From Alaska
Royal Dutch Shell and Gazprom signed a preliminary agreement Saturday to study liquefied-natural-gas projects on the Yamal Peninsula, Bloomberg reported. The companies may also consider LNG projects in third countries, Shell CEO Jeroen van der Veer told reporters at the St. Petersburg International Economic Forum.