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Pressure on oil companies grows to end gas flaring in Nigeria
For three minutes, on the day last May when Royal Dutch Shell released its first quarter earnings figures, a flame shot high into the air in front of the company’s head office in The Hague, scorching a human chain of about 40 protesters that circled it, a few meters away, to block police efforts to [...]
China Targets 9 Oil- and Gas-Producing Countries for Energy Investment
China stepped up efforts Thursday to secure access to foreign energy, adding nine oil- and gas-producing countries to a list of economies where its companies are offered incentives to invest.
Chinese companies can get tax breaks or other incentives for investing in oil and gas industries in Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and [...]
China Targets 9 Oil- and Gas-Producing Countries for Energy Investment
China stepped up efforts Thursday to secure access to foreign energy, adding nine oil- and gas-producing countries to a list of economies where its companies are offered incentives to invest.
Chinese companies can get tax breaks or other incentives for investing in oil and gas industries in Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and [...]
Soaring costs take shine off oil bonanza
The cost of building and developing offshore oil and gas projects has risen by more than 50 per cent over the past few years, one of the world’s leading energy consultancies has warned. The huge surge in cost has been overshadowed by the record profits the oil majors have generated in recent years.
Last week, ExxonMobil, [...]
Hydro to Pursue Long-Term Growth as Focused Aluminium Company
Hydro will continue as one of the world’s leading, integrated aluminium companies following the recommended merger of Hydro’s oil and gas activities with Statoil.
“The restructuring of Hydro’s aluminium activities is nearly complete. Hydro is ready to move on as a strong and focused aluminium company aimed at growing profitably through targeted international business development, operational [...]
Norsk Hydro to Grow From Broader Oil and Gas Portfolio, Maintains Speed in Aluminium Repositioning
Hydro is well-positioned for long-term profitable growth in its energy and upstream aluminium operations but industry capacity constraints delay oil and gas production growth, the Norwegian-based company said at its Capital Markets Day. Growing Hydro’s oil and gas resource base, pursuing upstream aluminium growth opportunities and maintaining cost control remain top priorities, together with completing [...]
Peak-oil theory warns tank’s almost empty
FORGET pipeline problems in Alaska. The real elephant in the corner is “peak oil”. This issue is in the same category as global warming – although there is a division of opinion as to whether or not it’s real, it is probably prudent to assume the worse-case option.
Peak oil is the point at which it [...]
Iranian Leader Calls Chavez a ‘Trench Mate’
The presidents of Iran and Venezuela, leading U.S. critics, pledged Saturday to support one another in disputes with Washington, with the Iranian calling Hugo Chavez “a brother and trench mate.”
As Chavez arrived for a two-day visit. Iran faced renewed international criticism for its nuclear program and for backing Hezbollah guerrillas in its war with Israel.
The [...]
