petroleumworld

Stories: 2008

May 1 -15

100 killed in new Nigeria pipeline inferno: Red Cross

AP

Fire men attempt to put water on flames at a burning village on the distant outskirts of Lagos, Nigeria, Thursday, May. 15, 2008.

LAGOS
Petroleumworld.com, May 16, 2008- story

Interpol confirms authenticity
of captured FARC data

AFP/Interpol

This undated photo obtained from Interpol, shows Raul Reyes, second-in-command of the FARC Colombian guerrilla group, working on a laptop computer.

BOGOTA
Petroleumworld.com, May 16, 2008- story

Oil prices higher in Asian trade - story

Lagos pipeline blast site burns through the night - story

Files tying Venezuela to rebels not altered, report says - story

Curacao refinery to restart cat cracker next week - story

Ecopetrol projects petrochemical sales at 2.7 mln tpa by 2015 - story

Nigeria / Ecuador: Willbros Group Inc. agrees to pay $22 million penalty for FCPA violations - story

Pool narrows for Petroperu's Talara refinery rehab - story

US admiral reassures LatAm military on fleet deployment - story

Friction forecast at Latin America-EU summit - story

US warns China over weapon links in Iran, Iraq, Afghanistan - story

Oil prices dip; dozens killed in Nigerian pipeline blast - story

US seeks to pressure Iran, not give incentives: Pentagon - story

Gazprom to ship LNG to eastern Canada - story

US tightens sanctions on Belarus petrochemical group - story

Venezuelan links to FARC rebels 'highly disturbing': US - story

IMF chief says worst of financial crisis is over - story

Bush says nuclear Iran would be 'unforgivable' - story

Norway sees lower oil output but increased revenues - story

Saudi Arabia's Naimi sees Asian oil demand up 20 mil b/d by 2030 - story

SPR bill moves to White House; override of potential veto likely - story

ENAP, Methanex Petition Chile for E&P of Dorado-Riquelme Block - story

Petrobras postpones decision on buying Aruba refinery - story

Triple-digit crude prices pain oil majors, too - story

PDVSA will be exporting LNG by the end of 2014

oilonline

CARACAS
Petroleumworld.com, May 15, 2008 - story

Algeria steps up oil and gas investment, production: minister

AFP/Dieter Nagl

Algerien Minister of Energy and Mines Chakib Khelil smiles at journalists in March 2008.

ALGIERS
Petroleumworld.com, May 15, 2008- story

Oil price climbs back above 125 dollars - story

OPEC trims estimate for world oil demand in 2008 - story

Bush hails Israel as rocket attack wounds 14 - story

Willbros to pay hefty US fine in Nigeria, Ecuador bribery probe - story

Oil prices recede as US crude stocks rise - story

Devon sells EGuinea oil interests for 2.2 billion dollars: buyer - story

Total, Saudi Aramco announce 400,000 bpd refinery project - story

For Russia's Putin, presidential style dies hard - story

DuPont, Danisco to create cellulosic ethanol company - story

Iran unveils 'global challenges' plan as nuclear talks slow - story

Petroperu to enter petchem business with steam cracker, PE plant - story

Pan Andean prepares seismic survey ahead of drilling in Colombia - story

Ecopetrol to list ADR's in NYSE - story

ADRs in Focus: Latin American oil and gas climbs - story

Petroleumworld.com rated in top 100 energy sites - story

Norwegian island runs on wind power,
even when all is still

Statoil / G.Lindberg

The facility currently supplies 10 local households with electricity produced with wind power and hydrogen. When the wind blows strongly, the windmills provide enough power both for the houses and for an electrolyser.

UTSIRA, Norway
Petroleumworld.com, May 13, 2008- story

Oil price strikes record 126.98 dollars

NEW YORK
Petroleumworld.com, May 14, 2008- story

PDVSA and GALP to form joint
venture to development LNG plant

CARACAS
Petroleumworld.com, May 14, 2008- story

Oil prices drop ahead of US energy data - story

Iran's Ahmadinejad says Israel 'dying' - story

EU probes Statoil's bid for Jet stations in Scandinavia - story

EU-Latin America trade talks hostage to WTO negotiations - story

Leftists try to upstage EU-LatAm summit - story

Bush kicks off Mideast tour amid regional turmoil - story

BHP shares soar on China stake rumours - story

France's Total hints at Qatari stakeholding - story

Venezuela's PetroFalcon reported a net loss of US$1.7 million first quarter 2008 due to accounting method - story

Petrobras should invest US$ 55 billion this year - story

China's CNPC, Venezuela's PDVSA to set up JV to develop Orinoco block - story

Venezuela windfall tax to delay investment: Shell - story

Two more join Pemex tender for transport system - story

Venezuela says Germany's Merkel doesn't speak for Europe - story

Venezuela to sell oil to Portugal at favorable rates under energy accords - story

Mexico opposition party knocks gov't energy plan - story

Venezuela, Ecuador to seek bids for new refinery - story

Petrobras rises after posting gains in profit, output - story

PDVSA's refinery in Curacao to restart by Monday, refining chief says - story

Heads of OPEC and IEA to meet at the 19th World Petroleum Congress - story

Oil demand set to ease, high
prices turn on stockpiling: IEA

PARIS
Petroleumworld.com, May 13, 2008- story

Chavez nationalizes biggest steelmaker

Reuters/Miraflores Palace

Venezuelan President Hugo Chavez (L) poses with steel workers at the nationalized Ternium Sidor steel plant in Puerto Ordaz May 12, 2008.

CARACAS
Petroleumworld.com, May 13, 2008- story

Indonesians protest fuel price hike - story

Oil demand set to ease, high prices turn on stockpiling: IEA - story

StatoilHydro posts strong earnings amid soaring barrel price - story

Oil powered Norway gradually turns into the wind - story

Nigeria to probe abuse of 'expatriate quota' by foreign oil companies - story

Costa Rica plants more trees to become carbon neutral - story

Oil prices fall in profit taking after record highs - story

Russia's new leadership line-up - story

Repsol, Shell renegotiating Iran gas deal: Repsol company source - story

Iran-IAEA hold new round of nuclear talks - story

Austria's OMV must suspend Iran deals: World Jewish Congress - story

Saudis to sell 40 percent stake in refiner: Philippine government - story

Chavez to sign two-billion-dollar military deals in Moscow: report - story

Iran to launch South Pars gas projects in July - story

Angola oil tiger plans investment in Europe - story

PDVSA - Venezuela's Steel Corp: The new Venezuelan steel corporation - story

Chavez says Colombia seeks
war with Venezuela

President Hugo Chavez

CARACAS
Petroleumworld.com, May 12, 2008 - story

Chavez sought Belarus help for Colombian rebels: report - story

Nigeria placed on alert for Al-Qaeda attacks - story

Shell losing 30,000 barrels per day after Nigeria oil attacks - story

Serb voters poised to decide -- Europe or isolation? - story

Israel will not tolerate nuclear Iran: Olmert - story

UN halts Myanmar aid over 'unacceptable' restrictions - story

Brazil warns Europe against biofuel import barriers - story

How oil prices rose over the years - story

Venezuela invites Colombia to partner in Orinoco - story

Brazil readies deals on 17 rigs - story

Oil prices extend record run, break 126 dollars - story

OTC: PDVSA is acquiring for
the first time ever a new jack-up

Jack-up rig

HOUSTON
Petroleumworld.com, May 9, 2008- story

US calls computer files linking Chavez
to FARC authentic: report

Reuters

Venezuelan President Hugo Chavez (R) and senior rebel
commander Ivan Marquez of the Revolutionary Armed Forces
of Colombia (FARC) walk at Miraflores Palace in Caracas
November 8, 2007.

NEW YORK
Petroleumworld.com, May 9, 2008 b- story

Oil price jumps above 126 dollars for first time- story

Putin calls for oil tax cuts, lower inflation- story

French group Total promises 2 million dollars aid to Myanmar - story

Sugarcane biofuel becomes Brazil's second energy source - story

Oil prices soar to new highs as OPEC says 'no shortage'- story

Venezuela's oil reserves swell to 130 bln barrels - story

Pressure mounts on Zimbabwe amid fresh violence claims - story

Putin becomes PM in leadership 'tandem' - story

StatoilHydro discovers new gas reserves in Norwegian Sea - story

Brazil wants to join OPEC, become major oil exporter: Lula - story

Petrobras to Complete Cacimbas-Catu Pipeline in 2010 - story

Trinidad's Petrotrin says not affected by strike - story

Citgo to run Chalmette refinery - story

China to sign new oil deal with Venezuela - story

Mexico starts talks on cross-border oil, Kessel says - story

Perupetro negotiates with oil and gas companies on new areas - story

Methanex, ENAP in deal to expand Chile gas field- story

Total received from Venezuela's 18,000 b/d of crude oil in part payment for stake on SINCOR project - story

OTC: "There is plenty oil in the world' - Sandrea

Dr. Rafael Sandrea, president of IPC Petroleum Consultants Inc.

HOUSTON
Petroleumworld.com, May 8, 2008- story

World oil prices strike fresh record

SINGAPORE
Petroleumworld.com, May 8, 2008- story

Putin calls for oil tax cuts, lower inflation - story

OTC: Petrobras still evaluating
proposals in Venezuela

Petrobras/Barchfeld

Jose Sergio Gabrielli de Azevedo, president of Petrobra,
speaking at a press conference at the OTC energy conference in Houston

HOUSTON
Petroleumworld.com, May 7, 2008- story

Oil records shattered
as price spike extends

NEW YORK
Petroleumworld.com, May 7, 2008- story

Oil price hits record high 122.81 dollars - story

OTC : Angola the new frontier

Rigzone

OTC 2008

HOUSTON
Petroleumworld.com, May 6, 2008 - story

New York oil price crosses
120 dollars for first time

AFP

Chart showing New York sweet light crude oil prices since May 2007. Oil prices crossed 120 dollars a barrel for the first time Monday following fresh unrest in Nigeria, Africa's largest oil producer, and rising tensions
between the West and Iran.

NEW YORK
Petroleumworld.com, May 6, 2008- story

Oil price strikes new record high at 122 dollars - story

Bolivian province votes for autonomy

AFP

Map of Bolivia, showing regional differences.

SANTA CRUZ
LA PAZ
Petroleumworld.com, May 5, 2008 - story

Mexican oil production is a concern for U.S.

Mexicans protesting the propose changes in oil law

NEW ORLEANS
Petroleumworld.com, May 5, 2008- story

Oil trading in narrow range - story

Kidnapped oilman's wife released in Nigeria: firm - story

Shell, Repsol seek way out of Iran gas deal: report - story

Autonomy vote in Bolivian province threatens unrest - story

Russia says Iranian enrichment freeze is sole demand - story

OAS backs Bolivia's territorial integrity - story

The recent history behind Bolivia's crisis - story

Bolivia braces for flashpoint vote - story

Oil prices rally on Turkish attack in Iraq, US jobs report - story

Protesters again confront Occidental - story

Petrobras sets oil exports record - story

Venezuela targets 3.4 mln bpd 2008 oil output - story

Venezuela to invest US$3.7bn in new power projects through 2011 -story

Colombia Cano Limon pipeline to resume -story

OVL's bids approved in Brazil, Trinidad and Tobago - story

Bolivia seizes control of energy,
telecoms firms

Bolivia's President Evo Morales

LA PAZ
Petroleumworld.com, May 2, 2008 - story

Chavez calls for take-over
of Argentine-owned steel plant

President Hugo Chavez speaks during a meeting outside Miraflores Palace in Caracas April 13, 2008.

CARACAS
Petroleumworld.com, May 2, 2008 - story

Chevron reports first quarter net income of $5.17 billion, up 10 percent from 1st quarter 2007 - story

Oil prices rally as Turkey bombs Kurds in Iraq - story

Deadlocked election talks resume in Zimbabwe - story

Bolivia hurtles toward precipice with regional autonomy vote - story

Bush, Panama's Torrijos to meet May 6 - story

US govt to tighten lead emissions standards - story

ExxonMobil profit up 17 percent, but short of forecasts - story

Mobil workers end strike in Nigeria - story

Dubai Ports World building one of Americas largest ports - story

Crystallex seeking clarification on Venezuela mine - story

Cosan beats Petrobras to Exxon’s Brazilian distribution assets - story

Oil exploration in Magallanes Region begins in six months - story

Bolivia poll sparks crisis fears - story

Electricity restored after massive blackout in half of Venezuela - story

Oil prices slip as dollar finds footing - story

ONS 2008: Press sees Norway from toe to tip

ONS

Journalists from the UK, US, Canada, Russia, Sweden,
Austria, Venezuela and Brazil took part in the ONS trip.

STAVANGER
Petroleumworld.com, April 30, 2008 - story

Bridging the energy gap is ONS 2006 theme, from 22-25 August, in Stavanger, Norway

Non-OPEC oil producers hampered
in efforts to boost output

PARIS
Petroleumworld.com, May 1, 2008 - story

Iran remains most active state
sponsor of terrorism: US

Reuters/Larry Downing

U.S. State Department spokesman Sean McCormack briefs the press in the briefing room of the State Department in Washington

WASHINGTON
Petroleumworld.com, May 1, 2008 - story

Oil prices up by over one dollar in Asian trade - story

Iran, IAEA to resume nuclear talks: envoy - story

Specter of civil war hangs over Bolivia autonomy vote - story

Daryl Hannah, environmentalists protest in Westwood, demanding that Occidental oil company clean up Amazon - story

Ecopetrol to evaluate Tempranillo find in Colombia - story

Colombia Oxy sees gross output 135,000 bpd by 2011 - story

Mexico rebel talks may spur investment - story

Swiss's Manas Petroleum signed a Special Operating Contract in Tranquillo Block in Chile - story

Venezuela PDVSA cannot say if blackout hit oil ops - story

Brazil moves up a notch to investment grade: S&P - story

Mugabe is on his last legs: Geldof - story

Rockefellers want independent chairman at ExxonMobil - story

FACTBOX-Mexico energy reform debate - story

Oil prices dive on robust US crude reserves - story