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Archive for November 1st, 2006

Exxon Mobil: Sakhalin-1 environmental issues ‘normal’

Exxon Mobil Corp.'s experience with environmental issues at Russia's Sakhalin-1 project in Russia has been "normal," the company said Wednesday.
"I would characterize our experience on Sakhalin as being very, very normal," said Stuart McGill, ExxonMobil senior vice president.
"The system is being fully commissioned," McGill said, speaking at an energy conference in New York hosted by [...]

Wednesday, November 1st, 2006

Russia keen on stake in pipeline project

Russia is keen to take an equity stake in the proposed Iran-Pakistan-India gas pipeline project, currently in the doldrums owing to differences on key issues such as pricing.
Russian Industry and Energy Minister Viktor Khristenko proposed his country's interest in the project during a meeting with Petroleum Minister Murli Deora in Moscow earlier this week.
Mr. Deora [...]

Wednesday, November 1st, 2006

Another Russian company starts shipping oil from Sakhalin

One more Russian shipping company, Sovcomflot, has started transporting hydrocarbons mined in Sakhalin.
The company's tanker Viktor Konetsky on Wednesday arrived at the port of De Kastri, Khabarovsk Territory, which had started shipping hydrocarbons from the Chaivo field in the Sea of Okhotsk in the middle of October.
Oil is transported to the port from the offshore [...]

Wednesday, November 1st, 2006

PSA agreements to yield billions of dollars for Russia

A top Russian government official said Wednesday oil and gas projects being implemented in Russia's Arctic and Far East with the participation of western firms under production-sharing agreements (PSAs) will yield billions of U.S. dollars for the country.
Devised in the 1990s, when oil prices were much lower, PSAs offered investors major tax benefits, which provided [...]

Wednesday, November 1st, 2006

Final decision on Shell-led project to be made in late November

Russia's natural resources minister said Wednesday that a final decision on whether to allow a Shell-led consortium to continue working at a troubled oil and liquefied natural gas project on the Far Eastern island of Sakhalin would be made in the third week of November.
Last month, Yuri Trutnev threatened to revoke a key permit that [...]

Wednesday, November 1st, 2006

Putin prioritizes oil platforms, tankers

Russian President Vladimir Putin prioritized the construction of oil platforms and tankers in the shipbuilding sector Wednesday.
"Projects are being implemented for the construction of platforms for the development of oil and gas fields on the continental shelf, and a definite class of tankers," Putin said, opening a meeting devoted to shipbuilding industry issues.
Russia, which holds [...]

Wednesday, November 1st, 2006

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