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Archive for October 11th, 2006

Behold the new energy superpower

Given the way Russian oil companies have traditionally disregarded pollution control, it does seem odd that the Russian Ministry of Natural Resources has decided to enforce the law only against Western oil companies.
Shell Oil has had its environmental permit to operate the Sakhalin 2 project withdrawn and Exxon Mobil has been told that its De [...]

Wednesday, October 11th, 2006

Exxon Hawk rig shows Russian deals can still fly

When Exxon Mobil finishes drilling the world's longest horizontal oil well next year, on Russia's Pacific Sakhalin island, it aims to have overcome more than just the technological challenges.
The world's biggest energy company hopes that, by demonstrating the unique technology it has brought to Russia, it can ease the pressure the Kremlin is heaping on [...]

Wednesday, October 11th, 2006

Sakhalin-1 Dries Out

Crude oil output from Sakhalin-1 will start shedding in 2008, Sakhalin Projects announced Tuesday. The overall decline of 10 percent could be avoided by drilling new wells and, therefore, widening the budget. But exactly the latter is not in line with plans of the RF Nature Ministry.Crude oil output from Sakhalin-1 will peak in 2007 [...]

Wednesday, October 11th, 2006

Eco-Kremlin: Russia targets energy giants

Three big foreign-run projects are under fire for violating environmental standards. What's Moscow really after?

Western firms developing Russia's rich oil and gas fields are facing sweeping allegations of environmental abuses. But critics say the charges are a thinly veiled Kremlin power play to renege on 1990s-era contracts now seen as unfavorable for Russia.
Four key projects, [...]

Wednesday, October 11th, 2006

Why Gazprom has spurned its foreign lovers

I want to be alone, said the boss of Gazprom. Alexei Miller, the Gazprom chairman, is no Greta Garbo, but his declaration that the Shtokman gasfield would be developed solo has deeply disappointed at least five international suitors. The admirers were rich and good looking - American companies, such as Chevron and ConocoPhillips, two Nordic [...]

Wednesday, October 11th, 2006

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