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Archive for May, 2006

Saag clinches US$50m Sakhalin Energy contract

OIL and gas service provider Saag Consolidated (M) Bhd has clinched a US$50 million contract from Russia's Sakhalin Energy Investment Co Ltd.
Under the contract, Saag will be part of an exploration team assisting Sakhalin Energy, with the aim of stepping up crude oil production.

Wednesday, May 31st, 2006

Gazprom to complete asset swap talks with Shell soon

Gazprom plans to complete asset swap talks with Shell within the terms of the Sakhalin-2 project by July 1, 2006, Gazpromexport's (Gazprom's fully owned subsidiary) Deputy General Director Sergei Yemelyanov said in St. Petersburg today.

Tuesday, May 30th, 2006

Sakhalin pays tribute to earthquake victims

Mourning ceremonies took place across the island of Sakhalin in Russia's Far East Sunday to commemorate the victims of a disastrous earthquake, which ravaged a settlement in the north of the island 11 years ago.
A powerful earthquake devastated the town of Neftegorsk on May 28, 1995, killing some 2,000 people. A decision was made 11 [...]

Sunday, May 28th, 2006

Sinopec gets down to business on Sakhalin shelf

China Petroleum and Chemical Corporation Sinopec has engaged in Sakhalin 3 oil and gas project. It will drill an appraisal well in the Sea of Okhotsk together with Russian partners.
On Sunday Sinopec received a building for its Yuzhno-Sakhalinsk office.
The well will be drilled starting from mid-summer, office head Liu Yangshan told Itar-Tass. He said they [...]

Sunday, May 28th, 2006

Fire opened to stop poaching vessel

A Sakhalin coast guard vessel on Friday opened fire from a six-barrel gun on an unidentified trawler that refused to stop for examination. Nobody was hurt.
The incident took place in the south of the Sea of Okhotsk on Friday.
The fire was aimed at the trawler stern and hit the propeller system. The crew lost control [...]

Friday, May 26th, 2006

Russia seeks to seize control of Sakhalin

Royal Dutch Shell's flagship investment in Russia was facing uncertainty last night after the Natural Resources Ministry threatened to scale back the company's stake in a huge liquefied natural gas project to allow the Kremlin greater control.
The threat concerns the Sakhalin-2 project, the largest direct foreign investment in Russia, and a venture that will result [...]

Friday, May 26th, 2006

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