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Archive for November 21st, 2006

Russia could bring Sakhalin II dispute to international court

The Natural Recourses Ministry said Tuesday that Russia should claim compensation, through an international arbitration court, for environmental damage and lost profits caused by violations in the Shell-led Sakhalin II oil and gas project in the country's Far East.
Earlier in November the country's environmental watchdog said Russia could turn to the International Arbitration Court in [...]

Tuesday, November 21st, 2006

Negotiations on Sakhalin-2 to end soon

Russia's Industry and Energy Ministry is poised to complete negotiations on the Sakhalin-2 budget before the year-end, Deputy Minister Andrei Dementyev told journalists today.
He explained that they would include reviewing the estimated costs of the project proposed by the Sakhalin Energy Consortium, and some other agreements.

Tuesday, November 21st, 2006

More than dozen quakes registered near Kurile Islands Tuesday

More than a dozen repeated earthquakes have occurred in the region of Kurile Islands since the beginning of Tuesday.
The strongest of them had a magnitude of 5.2 points on the Richter scale, sources at the Geophysical Service of the Russian Academy of Sciences said.
The latest quake was registered at 10:05 local time (00:05 GMT).
Quakes in [...]

Tuesday, November 21st, 2006

Sakhalin Energy has signed RUB 500mln contract

Sakhalin Energy has signed a RUB 500mln contract covering the construction and launch of a power plant with Iskra Energetika (Perm), Sakhalin Energy says.
The power plant will generate electric energy for a booster station; its gas turbines will run on the gas that will be delivered via a pipeline from the project's fields.
Booster station No [...]

Tuesday, November 21st, 2006

Zero mineral resource tax for Shell, Chevron offshore

The Russian government may again consider introducing a zero mineral resource tax rate for offshore oil and gas fields in 2007. This could become a bargaining chip in talks with Shell on the Sakhalin 2 project in Russia's Far East, and with Chevron on the Shtokman gas field development in the Barents Sea, analysts told [...]

Tuesday, November 21st, 2006

New Western Gray Whale Advisory Panel agrees on way forward

Decisions on how to tackle oil spill prevention and response and the way ahead with a photographic identification progamme for the Western Gray Whale are amongst the outcomes of the first meeting of the new Western Gray Whale Advisory Panel and Sakhalin Energy Investment Company, which was convened by the World Conservation Union (IUCN) recently.
The [...]

Tuesday, November 21st, 2006

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