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Archive for May, 2006

Russia may stake claim on Sakhalin

Russia may slim oil giant Shell's investment opportunities in a major liquefied natural gas project.
The natural resources ministry said it was chewing over its options on the Sakhalin-2 project, the largest direct foreign investment in Russia.

Friday, May 26th, 2006

Two modules to enable Molikpak to extract oil year round

Two modules have been sent out from Abu Dhabi to Sakhalin Island on Thursday to enable the offshore oil production Molikpak platform to extract oil the year round.
Underwater oil and gas pipeline sections are to be connected to the two utility modules, to be installed at Molikpak, eventually to carry hydrocarbon fuel through the entire [...]

Thursday, May 25th, 2006

Oil spill in Sakhalin region localized

An oil spill at a stretch of the Katangli-Dagi industrial oil pipeline in the Nogliki district of the Sakhalin region has been localized, says the press release of the Ministry of Natural Resources faxed to Itar-Tass.
The effort to clear the after-effects of the spillage of oil at the stretch of the pipeline in the area [...]

Tuesday, May 23rd, 2006

Dutch bank urged to pass on Russian oil project

The giant Dutch bank ABN Amro, one of the world's largest financial institutions, is facing charges of "environmental hypocrisy" from green groups concerned over the bank's possible financing for a controversial Russian oil extraction project.
The accusations came on the eve of a ceremony in which ABN Amro was scheduled to accept the 2006 Gold Medal [...]

Tuesday, May 23rd, 2006

Shell consortium in new Sakhalin pipeline dispute

Sakhalin Energy, in which oil giant Shell has a controlling stake, is this weekend facing allegations that it is misleading potential funders of the world's second most expensive infrastructure project. The company is apparently claiming to comply with environmental standards despite evidence to the contrary.A series of documents leaked to The Observer state that independent [...]

Sunday, May 21st, 2006

Shell’s Sakhalin in river dispute, denies cover-up

A consortium led by Royal Dutch Shell Plc has not fully complied with environmental guidelines when laying pipelines in east Russia, documents showed on Sunday.
The consortium denied, however, that it misled the public and potential lenders who are mulling $6 billion to $7 billion in loans for the project.
Documents obtained by conservation group WWF, and [...]

Sunday, May 21st, 2006

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