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Archive for November 1st, 2006

Sakhalin Energy has one more week to fix violations

Sakhalin Energy, the Shell-controlled operator of the Sakhalin II oil and gas project in Russia's Far East, has one more week to rectify environmental violations, Russia's natural resources minister said Wednesday.
The multibillion-dollar Sakhalin II project has been accused of inflicting large-scale ecological damage on Sakhalin, including illegal deforestation, the dumping of toxic waste, and soil [...]

Wednesday, November 1st, 2006

Russian Audit Chamber Suggests Shell Sign a New Deal to Complement Existing PSA

Royal Dutch/Shell 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 gas monopoly Gazprom to take a stake in the project.
Shell plans to offer to sign a supplementary deal to the existing production sharing agreement that [...]

Wednesday, November 1st, 2006

Oil and globalisation

What are the greatest problems facing the world? Perhaps one should put global warming first; that is largely being caused by mankind's unquenchable appetite for carbon energy, particularly the hydrocarbons of oil and gas. Perhaps the second great anxiety should be the threat of war, or the actual war in the Middle East. That has [...]

Wednesday, November 1st, 2006

China resumes LNG hunt, at higher prices

China has re-emerged as a buyer of natural gas, signing a string of deals and setting purchasing frameworks that signal a willingness to accept higher prices.
While some question how much of a turning point these deals represent, the emergence of China as a rising importer of liquefied natural gas will likely encourage more investment in [...]

Wednesday, November 1st, 2006

US Navy Says Wreck Found Off Sakhalin is Legendary Sub USS Wahoo

Commander, U.S. Pacific Fleet declared Oct. 31 that the sunken submarine recently discovered by divers in the Western Pacific is, indeed, the World War II submarine USS Wahoo (SS 238).
"After reviewing the records and information, we are certain USS Wahoo has been located," said Adm. Gary Roughead, the U.S. Pacific Fleet commander. "We are grateful [...]

Wednesday, November 1st, 2006

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