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Archive for August 29th, 2006

Shell Sakhalin unit halts pipeline work

Sakhalin Energy, a Royal Dutch Shell Plc-led venture that's one of Russia's biggest oil and gas projects, halted pipeline construction because of environmental concerns, a step it said won't put back production.
Subcontractors ignoring licence conditions in a sensitive landslide area on Sakhalin Island prompted the halt, company spokesman Ivan Chernyakhovsky said by telephone in Moscow.
The [...]

Tuesday, August 29th, 2006

Chiyoda says focusing on LNG for future growth

Japanese plant engineering company Chiyoda Corp (which is part of the Royal Dutch Shell-led Sakhalin 2 project ) will focus on expanding its core business of building liquefied natural gas (LNG) plants over the next two decades, its chief strategy officer said on Thursday.
Russia, Iran and North Africa will provide the company with the next [...]

Tuesday, August 29th, 2006

Sinopec’s Net Beats Estimates on Fuel Price Increases

China Petroleum & Chemical Corp.'s second-quarter profit rose 20 percent, beating analyst estimates, after state fuel price increases helped Asia's biggest oil refiner cut losses from producing gasoline and diesel.

Net income climbed to 12.12 billion yuan ($1.5 billion) from 10.1 billion yuan a year earlier, based on figures the company released today. Sinopec, as Beijing-based [...]

Tuesday, August 29th, 2006

No Charges Brought Against Russians Who Shot Japanese Fisherman

No criminal case will be opened against Russian border guards who detained a Japanese vessel in a fatal incident almost two weeks ago, the chief military prosecutor's office quoted by RIA Novosti said Monday.
A row broke out August 16 between Moscow and Tokyo after the border guards shot dead a Japanese crewmember on the vessel [...]

Tuesday, August 29th, 2006

Russia expects Japan to end poaching in its waters

Russia's foreign minister said Monday he hoped Japan would fulfill its pledges, and take effective action to put an end to poaching in Russian territorial waters.
A row broke out August 16 between Moscow and Tokyo after Russian border guards shot dead a Japanese crewmember on a vessel near the Kuril Islands. Russian officials said the [...]

Tuesday, August 29th, 2006

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