You may be surprised to learn that, by at least one key measure, the biggest of the world's energy companies isn't ExxonMobil or Royal Dutch Shell or Chevron. Indeed, the big enchilada (or maybe big borscht) of public oil and gas is Russia's massive natural gas producer and distributor, Gazprom.
June 10th, 2008:
Will Big Oil Shrink to Nothing?
Nigeria: Mosop in Solidarity Procession Over Shell Sack
Movement for the Survival of Ogoni People (MOSOP), yesterday marched through the streets of Port-Harcourt, to support the Federal Government's move to pull Shell Petroleum Development Company out of Ogoniland.
Nigeria: We Didn’t Import Arms and Ammunition – Shell
Shell Petroleum Development Company of Nigeria (SPDC), has debunked allegation that it is importing arms and ammunition into the country, and also denied any involvement in the proliferation of arms and ammunition in the Niger Delta region.
Oil spikes by more than $3 amid supply concerns
Also supporting prices was a Tuesday attack on oil-industry security vessel, the second this week, in southern Nigeria. At least one person was killed. Nigeria is a major U.S. oil supplier. Militant attacks have cut into that nation's oil output.
Shell flagship closes for remedial work
Shell Oil's flagship $1.5 million Hawera fuel station is being ripped apart and rebuilt, less than five months after the official opening in January.
Gazprom will double project investments
OAO Gazprom, Russia's state-owned natural gas monopoly, plans to double project investment to $30 billion (Canadian) this year, which would allow the company to overtake a target set by Royal Dutch Shell PLC that the Anglo-Dutch company said was the largest in the oil and gas industry.
Oil Prices Fail To Prod OPEC To Produce More
LONDON -- The latest rise in oil prices is doing little to persuade the Organization of Petroleum Exporting Countries to boost output, as it repeats its mantra that the slumping global economy will push demand lower this year.
Energy Firms See a Bonanza in Australia
Malaysia's state-owned Petroliam Nasional, or Petronas, did a deal with Santos, while Royal Dutch Shellcompleted one with Arrow Energy.
TNK-BP chief faces Russia inquiry
Robert Dudley, the BP-backed chief executive of TNK-BP, the Russian oil venture, will go to Russia's Interior Ministry today for questioning as part of a criminal investigation into corporate tax evasion, people close to the company said yesterday.
Senior Shell executive likened Russian take-over of Sakhalin-2 to eating “a polonium sandwich”
Shell was forced to sell part of its stake in a $20bn (13bn, £10bn) energy project in Sakhalin to state-owned Gazprom - after months of pressure and investigations by the Russian environmental regulatory agency. A senior Shell executive likened the experience to eating "a polonium sandwich".
Fuel strike fear sparks emergency measures
Ministers have activated emergency procedures with the oil industry ahead of a threatened four-day strike by tanker drivers, amid fears that filling stations across Britain could start running out of fuel from this -weekend.
MEMO FROM ST. PETERSBURG
ST. PETERSBURG, Russia The lineup told it all about Russias importance today. There, on one stage, sat the leaders of BP, Royal Dutch Shell, Chevron, Exxon Mobil, ConocoPhillips, Total, Schlumberger and Dow Chemical, as well as the chairman of the Russian energy giant Gazprom and the president of the Russian oil company Lukoil.
Jeremy Warner’s Outlook: Britain has squandered its North Sea inheritance. Now we are paying the price
Too late now, but Britain has squandered the blessing of North Sea oil and gas by allowing the stuff to be bought up at relatively cheap prices during the years of plenty. With prices now sky-high, there's virtually nothing left to see us through the famine. At no point was any serious thought given to a more strategic use of our oil and gas reserves. We are now paying the price.
Oil shortage a myth, says industry insider
Although it is widely assumed that the world has reached a point where oil production has peaked and proven reserves have sunk to roughly half of original amounts, this idea is based on flawed thinking, said Richard Pike, a former oil industry man who is now chief executive of the Royal Society of Chemistry.
Fuel costs: Saudi Arabia to call Opec summit in attempt to stem ‘unjustified’ oil price surge
BP claimed yesterday that soaring prices and instability were being caused by a lack of supply. It blamed high taxes in producer countries but made no reference to the $50bn the company had spent buying back its own shares over recent years - money which could have been invested in boosting output.
Fuel strike threat forces emergency tactics
Around 500 tanker drivers, employed by hauliers Hoyer UK and Suckling Transport which are the sole suppliers to Shell, are threatening to strike for four days from this Friday over pay. They demanded a 13 per cent increase but were offered 6.5 per cent. Shell operates most of its 1,000 forecourts 10 per cent of the UK total - in the south east, the north west, central Scotland and parts of the Midlands.
Toxic Waste: Orogun Community Battles Shell
Recently precisely on May 25, 2008 they formally asked Shell to halt forthwith the re-injection of the suspected toxic waste materials into the environment.