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Archive for January 23rd, 2007

India to seek stake in Sakhalin fields during Putin`s visit

India will seek a stake in future Sakhalin oil and gas projects in far-east Russia during the visit of President Vladimir Putin here later this week.
With ONGC Videsh Ltd's 20 per cent stake in Sakhalin-I field fetching the country 2.4 million tonnes of crude per annum, India will use the visit of Putin to participate [...]

Tuesday, January 23rd, 2007

Kremlin to transfer shelf to Rosneft and Gazprom

A conference headed by Russian President Vladimir Putin has approved a proposal to transfer all deposits off the continental shelf to Russian energy giant Gazprom and state-owned oil company Rosneft, mostly to prevent foreigners from buying large stakes them.
A government official said another fundamental decision was to put shelf deposits out to tenders, rather than [...]

Tuesday, January 23rd, 2007

Sakhalin Energy concludes a RUB 230mln contract with Aviadvigatel

Sakhalin Energy has concluded a RUB 230mln contract with Aviadvigatel OJSC covering the delivery of two gas-turbine pumping units, Sakhalin Energy says.
These units will become part of Booster Station N 2 which is being built under the Sakhalin-2 project near the village of Gastello (Poronaisky District). The oil-transfer pumps will be used to raise the [...]

Tuesday, January 23rd, 2007

Damage from Sakhalin II estimated at $5 billion

Environmental damage inflicted by the vast Sakhalin II oil and gas project off Russia's Pacific Coast amounts to $5 billion, the head of the Russian Audit Chamber said Monday.
The formerly Shell-led project experienced months of intense pressure last year from Russian authorities, who accused it of causing serious environmental damage to Sakhalin Island, including deforestation, [...]

Tuesday, January 23rd, 2007

Russia invites India to join Sakhalin III project

Moscow is interested in Indian capital investment in the Sakhalin III oil and gas project in Russia's Far East, the Russian defense minister said Monday.
Sergei Ivanov, who is also a deputy prime minister, is currently leading a Russian delegation in India.
"Russia is interested in Indian participation in the Sakhalin III project and the development of [...]

Tuesday, January 23rd, 2007

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