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Archive for the 'Sakhalin II Project'

Shell Oil, Gas Reserves Stagnate After Sakhalin Loss

Royal Dutch Shell Plc, Europe's largest oil company, said reserves were little changed last year after it was forced to cede a stake in a Russian venture to state-controlled OAO Gazprom.
Net reserves as of Dec. 31, including oil sands, were 11.92 billion barrels of oil equivalent, compared with 11.94 billion barrels at the end [...]

Monday, March 17th, 2008

WWF-Russia to push banks on financing responsibilities

WWF-Russia is to follow up the collapse of major funding arrangements for the controversial Sakhalin ll project by pressuring Russian banks to sign up to guidelines for environmentally and socially responsible investing in major infrastructure projects.
Currently, no Russian Bank is a subscriber to The Equator Principles, the finance industry's own benchmark “for determining, [...]

Thursday, March 13th, 2008

Oil, gas production grows over 2 times in Sakhalin in 2007 against 2006

The production of oil and gas increased 2.5 times in Sakhalin in 2007 as against 2006. In 2007, 14.853 million tonnes of oil (6.162 million tonnes in 2006) and 6.409 billion cubic metres of gas (2.186 billion cubic metres in 2006) were produced. This was reported at a meeting of the administration of the Sakhalin [...]

Tuesday, February 26th, 2008

Shell urges SEC to ease rules

Royal Dutch Shell, Europe's largest oil company, is asking US regulators to ease rules to allow the company to book oil and gas reserves from unconventional sources such as its Canadian tar sands operations.
Under US Securities and Exchange Commission rules, oil companies are only allowed to book reserves from oil and gas finds that are [...]

Saturday, February 23rd, 2008

Japan Covets Russian Gases

Japan, in a desperate bid to fill its energy and environmental needs, is coveting resource-rich and energy-inefficient Russia's plentiful natural gas and surplus greenhouse gas (GHG) emission credits.
Japan's imports of liquefied natural gas (LNG) from the Sakhalin-II project off Russia's Pacific coast are expected to start early next year. Japan also hopes to import [...]

Sunday, February 17th, 2008

Weatherford lands new big contract in Sakhalin

Weatherford International has announced signing a major 2,5 year contract with Sakhalin Energy for running downhole equipment on production platform Piltun-Astokhanskaya-B (PA-B) located in the north-east Sakhalin. The contract provides for supply of the new casing pipe and drilling tool running system OverDrive, and other services on 13 wells of PA-B platform within the framework [...]

Wednesday, February 13th, 2008

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