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Archive for the 'Sakhalin I Project'

Exxon says Sakhalin-1 still meeting expectations

Exxon Mobil Senior Vice President Mark Albers said at an energy conference on Tuesday that the company's Sakhalin-1 project continues to perform as expected, contradicting earlier media reports.
An executive at Rosneft, a partner at Sakhalin, said earlier this month that production at the project was expected to fall to 7.9-8.2 million tonnes in 2008. [...]

Thursday, February 14th, 2008

ExxonMobil Technology Delivers New Energy While Reducing Environmental Impact

Exxon Mobil Corporation’s technology leadership has resulted in another world record-setting well at the Sakhalin-1 oil project in eastern Russia, enabling the production of more energy while reducing the impact on the environment.
The well was drilled from land, using the world's most powerful land-based rig and employing extended-reach technology, to a target area in [...]

Wednesday, February 13th, 2008

Rosneft Debt Worries Push Markets Down

Headwinds from global markets continued to buffet Russian stocks in a volatile week of trading.
The benchmark RTS index fluctuated during the week to close down 4.9 percent at 1870.93 points -- a loss of 18.3 percent so far this year -- while MICEX dropped 4.4 percent to 1568.88 points as the markets continue to [...]

Monday, February 11th, 2008

Japan ready to begin dialogue with India on Sakhalin gas swap

India’s quest for gas for its fuel-starved economy may get a boost with Japan likely to agree to swap gas that it sources from West Asia with the supplies obtained by India off the Russian coastline.
If the deal does come through, it will also substantially reduce transportation costs and then the landed price [...]

Monday, February 11th, 2008

Oil, gas output hit record level in Russia’s Far East in 2007

A record 14.9 million metric tons (109 million barrels) of crude were produced off Sakhalin Island in the Russian Far East in 2007, the regional statistics service said on Tuesday.
"The Sakhalin Region produced 14.9 million metric tons of oil last year, or 8.7 million metric tons (64 million barrels) more than in 2006. Average daily [...]

Wednesday, February 6th, 2008

Statism Beats Capitalism; Gazprom Squeezes Exxon, BP

State-controlled energy companies OAO Gazprom and Petroleo Brasileiro SA are winning the battle for investors as their governments squeeze Exxon Mobil Corp., BP Plc, and Royal Dutch Shell Plc for access to oil and gas.
Russia's Gazprom forced BP and Shell last year to cede control of gas deposits that can supply Asia for more [...]

Tuesday, January 29th, 2008

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