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View Article  The Business Online: Royal Dutch Shell hit as Kremlin cans agreement

By Leia Parker Dow Jones Newswires
Sunday 24 September 2006
 
THE Kremlin and NGOs make strange bedfellows. But this ...   more »

View Article  TheBusinessOnline: Libya offers global energy groups $7bn licence deal

By Danelle Wyper
03 September 2006
 
LIBYA’S state-owned National Oil Company (NOC) is to issue up to 60 new ...   more »

View Article  TheBusinessOnline: Boardroom split at BP over Browne’s retirement date

EXTRACT: Earlier this year, rival Shell relaxed rules on its retirement age to extend the tenure of Rob Routs, one ...   more »

View Article  TheBusinessOnline: Oil price surge inspires technological revolution

By Richard Orange
23 July 2006
 
Technology tends to be a trump card for those who argue oil and ...   more »

View Article  TheBusinessOnline: At last: a G8 summit with something
The core of the former Soviet Union generates just 2.6% of the world’s wealth but holds 32% of the world’s proven gas reserves. The rest of the G8 generate 40% of the wealth but just 4.4% of the gas. Russia is poor and in many ways does not deserve even to be part of the G8; but it is an energy superpower, a point Mr Putin will no doubt seek to emphasise during the G8’s deliberations.   more »
View Article  TheBusinessOnline: Russia’s ‘people’s IPO’ gets off to a good start
Among the 15 major energy multinationals invited to participate are: China’s CNPC, Shell, ExxonMobil, Chevron, ENI, Total, Indian’s ONGC, Maylasia’s Petronas, Brazil’s state-owned oil company Petrobras and Britain’s BP.    more »
View Article  The Business Online: What keeps BP’s Lord Browne in the driving seat?
Next month 58-year-old Browne will celebrate 11 years at the top, but he is fast running out of gas. He will have to drive to pastures new shortly because the oil giant has a strict policy on retirement at 60. Next year it will announce his successor. Before that Browne faces challenges on a number of fronts and last week he ran through with me some of the issues facing BP and the industry as a whole.   more »
View Article  The Business Online: The big oil companies target Canadian oil sands operators
Alberta’s vast reserves of oil sands and heavy oil, with more than 174bn barrels, rival Saudi Arabia’s and, thanks to the $70-a-barrel oil price, what was five years ago marginally economic is now highly profitable. So when Royal Dutch Shell last week snapped up Canadian heavy oil company Blackrock Ventures for $2.18bn (E1.68bn, £1.15bn) hopes were raised that the long-awaited oil sands takeover boom may have begun.   more »
View Article  The Business Online: Gazprom: Don’t stand in our way
President Vladimir Putin’s seizure of control over Russia’s oil and gas sector is now complete. Russia is flexing its muscles to recover its former superpower’s swagger on the world stage. When was the last time a listed company tried to dictate energy policy to a union of 15 of the world’s most powerful countries?   more »
View Article  The Business Online: Warning: oil will hit $85 a barrel this year
The surging price will be caused by continuing buoyant demand caused by strong economic growth in Asia and across the world; as well as by rising tensions in Iran, Iraq and Nigeria.   more »
View Article  The Business: Oil companies remain supine as Chavez grabs control of two fields
Chavez has been courting Chinese, Russian and Indian companies, but when it comes to developing Venezuela’s reserves of heavy oil, western companies like Total, Chevron and Royal Dutch Shell have the skills.   more »
View Article  The Business: Battle begins for Russia’s huge Arctic Sea gas field
RUSSIAN gas giant Gazprom will this week begin deciding which of five international oil companies will win the right to take part in the largest single gas project of the next decade – the $25bn (E21bn, £14bn) development of the Shtokman field in the Arctic Sea.    more »
View Article  The BusinessOnline: Amerada Hess sells oil assets
Royal Dutch Shell in December slashed its oil drilling plans in the North Sea, blaming Brown for the decision.   more »
View Article  The Business Online: China’s appetite for African oil
Still, China’s intense energy needs make it an alluring partner. Nigeria’s oil-business development manager Ohiaeri points out that his government can pressure China far more than it can western governments. “They are desperate for our resources,” he notes. That symbiotic relationship continues to grow, and with each passing day – and each new deal – China’s role in the region deepens.    more »
View Article  The Business Online: BP leaves investors to spend $65bn surplus
Directors of Royal Dutch Shell Plc may perhaps be slightly distracted by the fact that 11 out of their 15 board members, including CEO Jeroen van der Veer, are the subject of a US class action in relation to the 2004 reserves fraud. The action has been given permission to proceed by a US District Court Chief Judge (John Bissell). The US Justice Department also has an investigation in progress against individual directors allegedly implicated in the fraud.   more »
View Article  The Business Online: Oil boom masks Shell's poor record
“In particular watch for another year of sub-100% reserve replacement (we forecast 70%-80%) and another flat year of exploration and production revenues.”   more »
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