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Archive for September 18th, 2006

Mitsui, M’bishi: Looking Into Sakhalin-2 Project Status

The news pushed down shares of the two trading houses early Tuesday. The Mitsui and Mitsubishi spokesmen said the companies can't make any comments on the Sakhalin project.
Mitsui & Co. was down 3.0% at Y1,483, while Mitsubishi Corp. was down 1.4% at Y2,155 at 0025 GMT on the Tokyo Stock Exchange.

Monday, September 18th, 2006

Russia cancels Shell’s Sakhalin ecological approval

Russia's resources ministry said on Monday it had cancelled its own ecological approvals for Royal Dutch Shell's Sakhalin-2 project but this did not mean the $20 billion development would close.
The cancellation follows weeks of wrangling between the ministry and the company over ecological compliance and the ministry promised last week to sue Shell in courts [...]

Monday, September 18th, 2006

Total declines comment on report Russia may cancel Kharyaginsk field contract

Total SA said it would have no immediate comment on a report that Russia may cancel the company's production sharing agreement in the northern Kharyaginsk oil field.

Monday, September 18th, 2006

Russian official questions Exxon terminal readiness

A Russian official has questioned the ecological and technical readiness of Exxon Mobil's oil export terminal on the Pacific, just weeks before its launch, a news agency reported on Monday.
Interfax quoted the head of Russia's environmental watchdog in the Far East, Alexander Poleshchyuk, as saying the terminal should undergo more checks.
"The American partners haven't fully [...]

Monday, September 18th, 2006

Russia Threatens to Cancel Shell, Mobil and Total’s Licenses

The Russian government is threatening to cancel oil and gas exploration licenses it granted to Royal Dutch/Shell, ExxonMobil and Total.
On Saturday, Sept. 16, Russia's Prosecutor-General charged that a key environmental permit for Shell's project, which covers the $20 billion Sakhalin-2 development, does not comply with Russian law. The Prosecutor's statement could strengthen the hand of [...]

Monday, September 18th, 2006

Shell’s Sakhalin-2 project under threat after environment permit ruled illegal

Russian officials vowed to step up efforts to remove a key environmental permit for a 20 bln usd natural gas project led by Royal Dutch Shell in the Russian fareast after the country's prosecutor-general said the permit did not comply with the law.

Monday, September 18th, 2006

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