Dec. 30 (Bloomberg) -- Royal Dutch Shell Plc, Europes largest oil company, said a railway boiler wagon spilled a bitumen-like oil by-product after leaving the Heide refinery in the northern German town of Hemmingstedt.
Posts on ‘December 30th, 2008’
Shell Says Train Wagon From German Refinery Spills Oil Product
Oil Set for Rebound as Record Drop Spurs OPEC Cuts
Dec. 30 (Bloomberg) -- Oil futures may rebound from their worst year to average $60 a barrel next year as OPEC makes record production cuts to counter the deepest economic slump since World War II.
Loonies Worst Year May Extend Into 2009 Amid Oils Collapse
Royal Dutch Shell Plc, based in The Hague, and StatoilHydro ASA, Norways biggest oil producer, are among companies that deferred or canceled at least 14 projects this year in Albertas oil sands. Oil collapsed more than $100 since July to a low of $32.40 a barrel, less than half the price needed to make oil- sands projects economically viable, according to estimates by the Canadian Association of Petroleum Producers.
BP Resumes Full Production at Australian Oil Refinery
Dec. 30 (Bloomberg) -- BP Plc, one of four oil refiners in Australia, resumed full production at a plant in Western Australia, the largest in the country, after scheduled maintenance work that lasted two months.
India’s ONGC Fights to Keep Up
Around the same time, Angola rejected plans by Royal Dutch Shell PLC to sell its half of a project to ONGC, instead ordering Shell to sell to Chinese interests.
Shell eyes 40 more outlets
KUALA LUMPUR: Shell Malaysia plans to open 40 more petrol stations next year despite the challenging economic environment.
Golar May Pip Shell for Gladstone LNG, The Australian Reports
Dec. 29 (Bloomberg) -- Norway's Golar LNG Ltd. may win a contract to buy liquefied natural gas from a gas venture in Australia, crowding out Royal Dutch Shell SA, The Australian said, citing Golar LNG's Chief Executive Officer Gary Smith.
‘No pause button’ on Corrib gas project, Shell says
SHELL EP Ireland has said there is "no pause button" on the Corrib gas project, and no overall delay to the current schedule. The company was responding yesterday to an industry media report that the project may have been put on hold.
Gazprom, Once Mighty, Is Reeling
Investors are now fleeing Gazprom stock...