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Archive for November 23rd, 2006

Shell seeks “clear signal” it is welcome in Russia

The head of Royal Dutch Shell in Russia on Thursday demanded an end to months of sniping and threats by Kremlin-backed officials. "We would like to hear clear signals that international oil companies continue to be welcome in Russia," Chris Finlayson told a business conference in Helsinki, where Russian President Vladimir Putin and European Union [...]

Thursday, November 23rd, 2006

JP Morgan Sees Upside In BP Sakhalin Deal

JP Morgan welcomes the agreement between BP and Rosneft on exploratory drilling off Sakhalin, saying it is an important source of long-term upside potential.
The bank does not expect any share price reaction as the news is "very speculative."
However, it notes that if exploration is successful, this project could be "a multibillion dollar, world scale development [...]

Thursday, November 23rd, 2006

Aeroflot, Dalavia and Sakhalin Airlines Propose to Establish Far-East Aviation Company

Aviation company JSC "Aeroflot", FGUP "Dalavia", JSC "Sakhalin Airlines" have decided to combine their efforts to create in the Far-east Federal District a big competitive aviation company, capable to offer transportation services on both regional and international directions and with the fleet consisting of modern airplanes.
For the parties to the agreement consolidation of regional companies [...]

Thursday, November 23rd, 2006

Cyclone in Sakhalin, Kuriles disrupts power supply of 3 cities

A cyclone currently affecting Russia's Sakhalin Island and the Kuriles has disrupted electric power supply to the cities Kholmsk, Nevelsk, Tomari and settlements in the Uglegorsk, Kholmsk and Smirnykhov districts.
According to the press service of the Sakhalinenergo power utility company, due to overlapping of wires and adhesion of wet snow to them the automatic overload [...]

Thursday, November 23rd, 2006

Rosneft and ВР to Cooperate at Sakhalin Island

On November 22 Rosneft and BP signed Shareholder and operating agreements for joint activity on the East-Schmidt (Sakhalin-5) and the West-Schmidt (Sakhalin-4) licence blocks.
Projects are implemented under the effective legal framework between Rosneft (51%) and BP (49%). Operational management of the projects will be conducted by CJSC Elvary Neftegas established in 2003 for exploration on [...]

Thursday, November 23rd, 2006

PA-B oil platform for Sakhalin built at South Korea’s shipyard

The construction of the PA-B oil platform has been completed by Samsung Heavy Industries Shipyard in South Korea.
The platform is designed to extract oil and associated petroleum gas at the Piltun-Astokhskoye offshore oil and gas fields in the Sea of Okhotsk.
In 2005, 13 kilometers northeast off the Sakhalin coast the foundation for oil platform was [...]

Thursday, November 23rd, 2006

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