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Archive for July 20th, 2006

Shell Slips on Sakhalin Ice, Costs in Fight to Boost Reserves

The photos on Samer Slim's office wall catalog the hurdles Royal Dutch Shell Plc must overcome on Russia's Sakhalin Island: ice-choked drilling rigs, snowmelt swollen rivers and wilderness so remote supplies are dropped by helicopter. His T-shirt warns of another: "Beware of Bears.''
"You've got rivers, railways, mountains, swamps, seismic faults, everything, on this section,'' says [...]

Thursday, July 20th, 2006

Russian minister to begin Sakhalin Energy audit

The Russian Natural Resources Ministry said Thursday that it would launch a month-long audit of the Sakhalin-2 project at the start of July, claiming that delays and cost overruns to the project were threatening national interest.
A statement released by Natural Resources Minister Yuri Trutnev said Sakhalin Energy Ltd., a consortium led by Royal Dutch Shell [...]

Thursday, July 20th, 2006

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