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Archive for December 10th, 2006

Shell agrees to cede control of Sakhalin-2 to Gazprom

Oil major Shell has agreed in principle to cede control of the $22 billion Sakhalin-2 project to Russian gas monopoly Gazprom after months of tough talks and political controversy, industry sources say.
An accord, whereby Shell would keep a blocking stake of at least a quarter in the world's largest liquefied natural gas project, was reached [...]

Sunday, December 10th, 2006

Russian Authorities to Create a Megacompany To Take Over the Russian Shelf

On Saturday Russian President Vladimir Putin held a meeting of the Russian Security Council at which a new strategy that would give the government control of gas and oil extraction from the Russian shelf was discussed. It is hoped that the shelf will be Russia's main energy resource base for the 21st century. To achieve [...]

Sunday, December 10th, 2006

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