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Archive for October 9th, 2007

A clean bill of health for Sakhalin-2 energy project in Russia

An environmental impact report produced for potential lenders to the Sakhalin-2 oil and natural gas development project in Russia's Far East gave an overall green light, with some reservations, to the project.
The report, to be released Tuesday, is important for the viability of the $20 billion project because it allows for a series of [...]

Tuesday, October 9th, 2007

Shell says Russia’s offshore reserves need foreign energy majors

Royal Dutch Shell said Russia needs foreign expertise and investment if it is to profit fully from offshore oil and gas reserves estimated to be seven times larger than those in the North Sea.
'If Russia is to develop its extraordinary resource base it will need cooperation,' Chris Finlayson, Russia director for the British-Dutch energy giant, [...]

Tuesday, October 9th, 2007

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