Technology has outgrown Shell Oil Co.'s longtime Bellaire research hub where scientists made oil and natural gas production breakthroughs for decades. So the U.S. arm of Netherlands-based Royal Dutch Shell is launching a $300 million renovation and expansion of another technology research campus in west Houston.
July 2nd, 2008:
Shell outgrows Bellaire hub
The dark side of oil
On June 17, CBS Evening News televised a segment called "The Dark Side of Oil," in which the network named companies that make up the Intercontinental Exchange, an oil futures market speculation group that operates out of London to circumvent U.S. regulation.
TNK-BP CEO, execs get permits to stay in Russia
MOSCOW, July 2 (Reuters) - Russia will renew work permits and visas for the chief executive and managers of BP's (BP.L: Quote, Profile, Research, Stock Buzz) oil venture TNK-BP TNBPI.RTS, easing fears of a exodus of foreign staff caught up in a bitter corporate dispute.
Flirting with disaster
In his new book entitled Flirting with Disaster: Why Accidents are Rarely Accidental he analyses catastrophes ranging from the space shuttle crashes Columbia and Challenger to the collapse of Arthur Andersen in the wake of the Enron scandal, Merck's Vioxx disaster and the BP Texas City refinery fire.
Energy Watchdog Expects Oil Markets to Stay Tight
Global oil markets will remain tight over the next five years, the International Energy Agency warned Tuesday, in a gloomy assessment that offered little respite for consumers battered by record-high oil prices.
Investors bet on oil at $300 this year
Investors are betting that the oil price could surge to $300 a barrel by the end of the year
BP’s foreign staff may have to quit Russia ‘in weeks’
A person close to TNK-BP said visa and work permit problems looked "orchestrated and choreographed" to force foreign staff out.
Russia, TKN TNK-BP and the rule of law
Whatever expectations one has of the Russian government and civil institutions, they always disappoint.
Exxon attacks Kazakh oilfield delays
ExxonMobil, the world's biggest listed integrated energy group, yesterday blamed the government of Kazakhstan for delaying the development of the world's biggest new oilfield, significantly raising the level of acrimony surrounding the troubled project.
Troubled waters: Nigerias oil militants take their fight beyond the delta
Wanted: a hero to save Nigerias oil industry.
Oil Demand Will Grow, Despite Prices, Report Says
China will account for a third of the increase in oil demand over the next five years, the International Energy Agency said.
Energy experts puzzled over oil prices
As crude soared to a new record, the head of the International Energy Agency declared that the world was in the grip of an ''oil shock,'' and the president of OPEC acknowledged he could not say whether prices would flatten out or continue to soar.
U.S. Won’t Let Iran Shut Gulf: Navy Official
ABU DHABI (Reuters) - The United States will not allow Iran to block the Gulf, the waterway that carries crude from the world's largest oil exporting region, the U.S. Navy's Fifth Fleet said on Wednesday.
Saudi king urges consumers to get used to high oil price
King Abdullah of Saudi Arabia, whose nation is the world's number one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday.
BP faces endgame
The struggle for control of BP's Russian joint venture TNK-BP has escalated into open warfare...
Climate more urgent than economy, say voters
Voters think that taking action against climate change matters more than tackling the global economic downturn, according to a Guardian/ICM poll published today.
Oil price: Slump in motor sales raises fears for viability of Detroit’s car industry
Fears are mounting over the financial stability of struggling US carmakers...
Oil: BP edged further out of Russia after visas are refused
The future of BP in Russia was in doubt last night after its joint oil venture TNK-BP confirmed that its chief executive, Bob Dudley, and all international staff would have to leave Russia this month.
Gas guzzlers and ‘ghostburbs’
...welcome to 2008 America, where soaring oil and petrol prices have triggered a sudden revolution in travel behaviour and a seismic upheaval in the automobile industry.
Cost of fuel may rise soon as gas price hits record
The price of gas is closely linked to oil, which remained close to a new record of nearly $144 a barrel yesterday.
Troubled UBS sees four board members resign: Shell CFO Peter Voser remains at the scandal hit Swiss Bank in financial meltdown
Swiss bank UBS sought to shore up its battered reputation by enforcing the resignation of four board members. However, its shares slumped to a new 10-year low.
The march of the oligarchs
Would you rather bet on Russia or Nigeria?
Sunshine Solution For Showa Shell
Showa Shell Sekiyu has grand designs for its fledgling clean energy business.
Nikkei reports Showa Shell Sekiyu plans to build one of the world’s biggest solar panel plants
Showa Shell Sekiyu KK leapt 6.1 percent to 1,251 yen after the Nikkei business daily reported the oil refiner plans to build one of the world's biggest solar panel plants at a cost of more than 100 billion yen ($940 million).
Showa Shell Shares Gain Most in 4 Months on Solar-Plant Report
Showa Shell Sekiyu K.K., the Japanese unit of Royal Dutch Shell Plc, gained the most in four months in Tokyo trading after a report said it will build a solar-panel plant at a cost of more than 100 billion-yen ($944 million).
New Zealand’s Oil Reserves Jump 53% on Tui, Pohokura (Update2)
New Zealand's oil and condensate reserves jumped 53 percent last year, buoyed by the development of the nation's offshore Tui oil field and completion of Royal Dutch Shell Plc's Pohokura project.
Oil lubricates high-level links
In its attempt to take back control of its most precious resources, Russia dismantled Yukos, its most promising independent oil company; played hardball with Royal Dutch Shell in Sakhalin and appears to be making similar moves on TNK-BP.
Iraq lodges $10bn lawsuit over Oil-for-Food scam: Chevron a defendant
Iraq has hired Maney and Purrington, a law firm from Texas, to sue 70 corporations such as Chevron, the oil company...
Speculators are not to blame for oil, says IEA
The oil price rose back above $142 a barrel yesterday amid fears about tight supply and possible armed conflict between Iran and Israel.