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Archive for March 7th, 2007

Sakhalin: Fields Eyed by Exxon to Be Sold Off

Russia will auction off Far East oil prospects that ExxonMobil sought to include in its $17 billion Sakhalin-1 project.
The government is reviewing the boundaries of the prospects, off Sakhalin Island under the Sea of Okhotsk, and will sell them by July, said Pyotr Sadovnik, deputy head of the Natural Resources Ministry's subsoil agency.
Exxon had lobbied [...]

Wednesday, March 7th, 2007

Technical watchdog approves first oil platform on Sakhalin II

The Russian technical standards body approved Tuesday an industrial safety assessment of the first oil platform for the Sakhalin II oil and gas project off Russia's Pacific Coast.
The ambitious project, formerly led by Shell, was subjected to months of intense pressure last year from Russian authorities, who accused it of causing serious environmental damage to [...]

Wednesday, March 7th, 2007

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