Archive for January, 2008

Oil Below $91 on Weak US data, Recession Worries

Thursday, January 31st, 2008

By Reuters Oil fell below $91 a barrel on Friday, ahead of Friday’s OPEC meeting, as a fresh set of weak U.S. economic data heightened fears the world’s top energy consumer was sliding into a recessio…

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Shell books record profit last year

Thursday, January 31st, 2008

Anglo-Dutch oil concern Royal Dutch Shell on Thursday announced a better-than-expected 11 percent increase in net profit to 6.7 billion U.S. dollars for the fourth quarter last year, Dutch paper Finan…

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Turkmenistan balks at new gas pipeline championed by prime minister …

Thursday, January 31st, 2008

KIEV, Jan. 30 – Turkmenistan, which Ukraine hopes to become an alternative to Russia source of natural gas, on Wednesday issued a statement questioning the future of a gas pipeline suggested by Prime …

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Bottom line not the only oil tale at Shell

Thursday, January 31st, 2008

Some people are never satisfied. Shell may have made greater annual profits last year than any other European company ever, but as one City sceptic remarked yesterday, one should expect nothing less f…

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Shell’s record $27bn profits invite calls for windfall tax$

Thursday, January 31st, 2008

Royal Dutch Shell reported annual profits of $27.6 billion (13.9 billion) yesterday, smashing European company records and prompting calls for a windfall tax on obscene oil profits. But the record res…

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Profit slips at Equitable Resources

Thursday, January 31st, 2008

Equitable Resources Inc. said Thursday that fourth-quarter profit fell 16 percent on higher costs at its utility operations. Net income in the quarter was $60.6 million, or 49 cents per diluted shar…

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Shell posts 60 percent quarterly gain

Thursday, January 31st, 2008

posted a $31.3 billion, or $5 per share, year-end profit for 2007 and an $8.5 billion, $1.36, fourth-quarter profit, according to earnings released by the European company Thursday. The quarterly pr…

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Life left in PNG-Qld gas pipeline plan

Thursday, January 31st, 2008

It appears the dream of building a pipeline to carry natural gas from Papua New Guinea to Queensland is being kept alive. The Cape York Gas Pipeline Company …

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Shell’s $27 billion invites windfall tax calls

Thursday, January 31st, 2008

Royal Dutch Shell reported annual profits of $27.6 billion (13.9 billion) yesterday, smashing European company records and prompting calls for a windfall tax on what a union leader described as obscen…

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Windfall tax call over Shell profits

Thursday, January 31st, 2008

Royal Dutch Shell reported annual profits of $27.6 billion (13.9 billion) yesterday, smashing European company records and prompting calls for a windfall tax on what a union leader described as obscen…

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