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Archive for December 15th, 2006

Russia’s Sakhalin-2 Project Remains Under Pressure

Russian officials have made little secret of their unhappiness over the terms of existing production sharing agreements, notably Sakhalin-2. Russia refuses to foot the Sakhalin-2 cost overruns, according to Russian Industry and Energy Minister Viktor Khristenko. He argued that doubling the project's spending estimate would cost Russia billions of dollars. Khristenko also indicated plans to [...]

Friday, December 15th, 2006

Shell says Sakhalin talks constructive; dialogue ongoing

A spokeswoman for Royal Dutch Shell PLC said Friday that talks with Russia's OAO Gazprom about the Sakhalin-2 oil and gas project were "constructive" and dialogue is ongoing.
The chief executives of Gazprom and Shell met Friday in Moscow to discuss the project on Russia's Pacific coast, the Russian gas monopoly said in a statement earlier [...]

Friday, December 15th, 2006

Easy come, easy go: Shell and Sakhalin

Easy come, easy go - this is perhaps the best description of what is happening to oil and gas giant Shell on the Russian island of Sakhalin.
The Russian environmental authorities are accusing the Anglo-Dutch company of violating their regulations. Foreign observers believe this is just an excuse to push Shell out of the key position [...]

Friday, December 15th, 2006

EU SUMMIT Leaders worried about Shell’s difficulties over Sakhalin project

The EU is worried about the difficulties faced by Royal Dutch Shell PLC over its Sakhalin-2 project in Russia, European Commission president Jose Manuel Barroso said following a two-day summit here.
Barroso told reporters that Dutch prime minister Jan Peter Balkenende raised the issue with him during the summit.
'So it's a matter of concern for us [...]

Friday, December 15th, 2006

Shell CEO in Moscow in search of Gazprom deal

The heads of Royal Dutch Shell and Gazprom met for the second time in a week on Friday, a signal they could be nearing a deal to allow the Russian gas monopoly to join the $22 billion Sakhalin-2 project.
One source familiar with the matter said the talks may set out a "road map" to guide [...]

Friday, December 15th, 2006

FSB officers seize 500 kg of explosive in Sakhalin in 2006

Officers of the Federal Security Service (FSB) have seized 500 kilograms of explosive, 75 shells and mines, 11 grenades and about 1,500 pieces of ammunition of different calibre. This is the result of work of the FSB Department for the Sakhalin Region in 2006, the press service of the department reported on Friday.
According to the [...]

Friday, December 15th, 2006

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