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Archive for October 22nd, 2006

Russia’s Putin Seeks Sakhalin Solution, Queries Costs

Russia and Royal Dutch Shell Plc should be able to settle budget and environmental disputes that threaten to halt work on Sakhalin-2, the nation's largest foreign-owned oil and gas project, President Vladimir Putin said.
"We need to sit at the table and come to an agreement,'' Putin said at a press conference Oct. 20 in Lahti, [...]

Sunday, October 22nd, 2006

Shell’s costs on Sakhalin spiralling

Leaked Russian document claims final bill for troubled joint gas project could be $28bn

Costs on Sakhalin-2, one of Royal Dutch Shell's most treasured yet politically fraught gas projects, are rocketing, says an internal report by the Russian government leaked to The Observer
The news will anger the Kremlin because it could in theory mean it receives [...]

Sunday, October 22nd, 2006

CNPC may buy natural gas from Japan consortium in Sakhalin I project

A Japanese consortium participating in the Sakhalin I resources project and China National Petroleum Corp. have signed a memorandum toward conclusion of a formal contract on the supply of natural gas produced from the project, it was learned Saturday.
Still, the move does not mean that the consortium, Sakhalin Oil and Gas Development Co., or SODECO, [...]

Sunday, October 22nd, 2006

BP takes on the challenge of Russia’s Far East

The multibillion-dollar Shell and Exxon Mobil oil and gas projects off Sakhalin Island, in Russia's Far East, could be just the start of major oil discoveries in the region.
Oil discoveries are being made by BP and its Russian partner, Rosneft, in deeper waters is the Sea of Okhotsk, north of Sakhalin, although it isn't yet [...]

Sunday, October 22nd, 2006

Yuzhno-Sakhalinsk: the effects of gross negligence

I was quite amused in August and September, when both the city and regional administrations were scrambling to put a quick fix on the city to make it appear presentable to the who's who of the oil and gas industry. Despite all the attempts to make Yuzhno look world-class, the articles in many international publications [...]

Sunday, October 22nd, 2006

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