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Archive for February, 2008

Oil in the diet of Sakhalin whales

Environmentalists are again sounding alarm over the future of the unique population of the Western Pacific gray whales.
This time, Exxon Neftegaz Limited (ENL), a participant in oil projects on Sakhalin, is laying a pipeline via the Piltun Bay, a key feeding area for the gray whales.
Any negative impact on this area during [...]

Wednesday, February 27th, 2008

ONGC: Making waves abroad

The Sakhalin project in far-eastern Russia is one of OVL's successful overseas ventures.
THE ONGC Videsh Limited (OVL), a subsidiary whose primary business is to bid for oil and gas acreages abroad and produce hydrocarbons, is going places. According to R.S. Butola, Managing Director, OVL, the company contributes 8 million tonnes of oil and oil-equivalent gas, [...]

Tuesday, February 26th, 2008

Oil, gas production grows over 2 times in Sakhalin in 2007 against 2006

The production of oil and gas increased 2.5 times in Sakhalin in 2007 as against 2006. In 2007, 14.853 million tonnes of oil (6.162 million tonnes in 2006) and 6.409 billion cubic metres of gas (2.186 billion cubic metres in 2006) were produced. This was reported at a meeting of the administration of the Sakhalin [...]

Tuesday, February 26th, 2008

Sakhalin investor Buys Gazprom Emissions

Marubeni, a Japanese trading company, bought greenhouse-gas emission credits from Gazprom to capitalize on growing demand for the right to pollute air in Japan.
The transfer of the credit will be completed in December, Marubeni said Friday in a statement on its web site. Marubeni and Gazprom's trading arm also agreed to find ways to implement [...]

Tuesday, February 26th, 2008

Flights canceled at major Far-Eastern airport due to snow cyclone

A snow cyclone has forced the air navigation authorities in the Russian Far East to close the airport of Yuzhno-Sakhalinsk, the main air gateway to the insular Sakhalin region.
Cancelations and delays have affected flights bound for various parts of Russia, as well as for Japan, South Korea and China.

In the meantime, the regional [...]

Sunday, February 24th, 2008

Shell urges SEC to ease rules

Royal Dutch Shell, Europe's largest oil company, is asking US regulators to ease rules to allow the company to book oil and gas reserves from unconventional sources such as its Canadian tar sands operations.
Under US Securities and Exchange Commission rules, oil companies are only allowed to book reserves from oil and gas finds that are [...]

Saturday, February 23rd, 2008

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