Oil industry - March 30
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage
The action could spill over into the campaign for the French presidential election if consumers are affected. Activity in about half of France's 13 refineries is already depressed. ... The lack of supplies means some refineries are going to start eating into reserves from this week and slowing down production. "The first problems for private consumers could appear at the start of April," said Jean-Francois Cousinie of the French Union of Petroleum Industries." The Marseille port is the world's third biggest for dealing with oil products and is crucial for exports to the US. There has been little coverage in English-language media. The French daily "Le Monde" has regular coverage in French, see here.
Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Total SA and Chevron Corp. plan up to a total of $97 billion in capital spending this year, up around 9 percent from 2006. BP, Chevron and Shell have also said output may fall in 2007.
The rest of what was once the most valuable subsidiary of the richest Russian company has new colors - black and gold - and a new owner, Rosneft. President Vladimir Putin's Kremlin has turned Rosneft, the once-forlorn state oil company, into an energy giant almost entirely by giving Yukos's assets a fresh coat of paint. On Tuesday, a new phase in that effort began with the auction of the company's remaining assets, following a declaration of bankruptcy forced by Rosneft. The auction signaled the final stage for Yukos, which is a few months from disappearing into Russia's state energy industry after a prosecutorial campaign that began nearly four years ago. ..
Toharso, Pertamina’s spokesperson, said that the shortage of LPG supplies was because Processing Refinery Unit V in Balikpapan was carrying out annual scheduled maintenance (turn around). ..
Toharso, Pertamina’s spokesperson, said that the shortage of LPG supplies was because Processing Refinery Unit V in Balikpapan was carrying out annual scheduled maintenance (turn around). .. |
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