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Archive for September, 2006

Putin takes hard line on Shell Sakhalin dispute

Russia's dispute with Shell over the future of the Sakhalin-2 project took an ominous twist last night when President Putin demanded government action against companies that break licensing agreements.
Mr Putin, in a televised meeting with Yuri Trutnev, the Natural Resources Minister, said: "I am counting on the Ministry and the Government as a whole making [...]

Friday, September 29th, 2006

Campaigners attack Shell’s charity arm over Sakhalin talks

An attempt by Shell to portray itself as a model of corporate social responsibility was undermined last night after Whitehall documents showed its charitable arm discussing a key commercial project with a British government minister.
The multinational oil company says the charity it funds - the Shell Foundation - is completely independent and contributes nothing towards [...]

Friday, September 29th, 2006

Gazprom to buy all gas produced by Sakhalin PSA projects

The operators of the Sakhalin 1 and Sakhalin 2 PSA projects, now experiencing problems with official Russian agencies, may receive additional opportunities for bargaining with the state. This could mean they will be able to settle some of the disputes.
A spokesman for energy giant Gazprom said Wednesday his company was ready to buy all gas [...]

Friday, September 29th, 2006

Halt urged for Shell project in Russia

Russia's environmental watchdog has called for pipe-laying work to be halted at a Royal Dutch Shell PLC-led liquefied natural gas project on Russia's far eastern Sakhalin Island, even as the country's Foreign Minister says problems could be resolved through dialogue.
"We want criminal cases for every destroyed tree or damaged river," Oleg Mitvol, deputy head of [...]

Friday, September 29th, 2006

Russia says Shell facing $50bn Sakhalin bill

Shell is facing growing uncertainty over the future of its Russian Sakhalin-2 oil and gas project after a senior official yesterday called for construction work to be halted over "barbaric" damage to the environment which he claimed it would cost $50bn (?27bn) to put right.
The Kremlin has also set its sights on BP's Russian venture, [...]

Friday, September 29th, 2006

Russian tankers for Sakhalin oil and gas

Tankers with tonnage of 50 to 300 thousand tons needed to transport hydrocarbons extracted in Sakhalin shelf.
And Russian shipping companies should not be afraid of the competition from foreign carriers, said PRESCO Directors Board's Chairman Alexander Kirilichev at the conference 'Oil and Gas of Sakhalin-2006'.

Friday, September 29th, 2006

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