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Archive for October, 2006

Shell May Seek New Sakhalin Accord, Russia Audit Says

Royal Dutch Shell Plc and its partners in the $22 billion Sakhalin-2 oil and gas venture may seek to agree with Russia on a new accord to clear the way for state-run OAO Gazprom to take a stake in the project.
Shell plans to offer to sign a supplementary deal to the existing production-sharing agreement under [...]

Tuesday, October 31st, 2006

Russian Audit Chamber, UK ambassador discuss Sakhalin II

The head of Russia's Audit Chamber and the British ambassador to Russia held talks Tuesday to discuss Sakhalin II, a huge oil and gas project in Russia's Far East led by British-Dutch oil major Shell.
The multibillion-dollar Sakhalin II project has been accused of inflicting large-scale damage to the ecosystem on Sakhalin, including illegal deforestation, the [...]

Tuesday, October 31st, 2006

ONGC to ship first Sakhalin-I oil to Mangalore in December

State-run Oil and Natural Gas Corporation (ONGC) will ship its first ever crude oil from Russia's Sakhalin-I project to Mangalore in the first week of December and will sell two other cargoes to Exxonmobil of US.
"Our entitlement from Sakhalin-I is three parcels of 700,000 barrels each in October-December. The first cargo will be processed at [...]

Tuesday, October 31st, 2006

Trutnev Offers Hope To Shell’s Sakhalin-2

Natural Resources Minister Yury Trutnev struck a conciliatory note with Shell's Sakhalin-2 project Friday, saying he was not seeking to shut it down and acknowledging that the operator had made some progress in cleaning up environmental damage."Our job isn't to punish the company, but to see that they continue working properly," Trutnev told foreign news [...]

Tuesday, October 31st, 2006

ONGC sells Sokol crude to ExxonMobil

Oil and Natural Gas Corp. (ONGC) has awarded its third tender to sell 700,000 barrels of Sokol crude from Russia's Sakhalin-1 oilfield to ExxonMobil at a $4-4.25 premium to Oman/Dubai quotes, a trading source said on Tuesday.

Tuesday, October 31st, 2006

Salmon conservation discussed in Yuzhno-Sakhalinsk

Salmon conservation is to be discussed at a Sakhalin Salmon Initiative international conference that opens here on Tuesday.
The three-day forum involves specialists from Russia, Australia, Britain, Hongkong (China), Canada, the United States, and Japan, as well as representatives of international ecological organizations.
According to the Sakhalin-based fisheries and oceanography research institute, more than one million tonnes [...]

Tuesday, October 31st, 2006

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