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Archive for March, 2008

Project of Bridge to Sakhalin was Discussed

"The Round Table: Public Role in Developing of the Key Social and Economic Projects "The Bridge to Sakhalin" was held in the Sakhalin Area Administration in the framework of the Civil Forum.
The representatives of public organizations, officials and scientists took part in the event. Sergey KARPENKO, the Acting Chairman of the Area Committee on Economy, [...]

Tuesday, March 18th, 2008

Shell Oil, Gas Reserves Stagnate After Sakhalin Loss

Royal Dutch Shell Plc, Europe's largest oil company, said reserves were little changed last year after it was forced to cede a stake in a Russian venture to state-controlled OAO Gazprom.
Net reserves as of Dec. 31, including oil sands, were 11.92 billion barrels of oil equivalent, compared with 11.94 billion barrels at the end [...]

Monday, March 17th, 2008

WWF-Russia to push banks on financing responsibilities

WWF-Russia is to follow up the collapse of major funding arrangements for the controversial Sakhalin ll project by pressuring Russian banks to sign up to guidelines for environmentally and socially responsible investing in major infrastructure projects.
Currently, no Russian Bank is a subscriber to The Equator Principles, the finance industry's own benchmark “for determining, [...]

Thursday, March 13th, 2008

Helicopters save 775 Russians trapped on ice drift

Russian helicopters rescued 775 fishermen stranded on ice sheets drifting into the Pacific Ocean on Sunday.
The men had walked a few kilometers across the ice pack surrounding the remote island of Sakhalin in Russia's far-east to fish over the ocean, news agencies quoting local emergency services reported.

Sunday, March 9th, 2008

Vice-Governor of Sakhalin Met the Delegation of the Exxon Mobil Development

The meeting of the first vice-Governor Konstantin STROGANOV with the representatives of the company "Exxon Mobil Development" was held in the Sakhalin Area Administration. The American delegation was headed by the PR Manager Larry HARLAN. It is his first visit to Sakhalin, the department of the information policy of the Area Administration reported to RIA [...]

Friday, March 7th, 2008

BP to Remain in Sakhalin Project

BP PLC will remain in the Sakhalin project in Russia despite the joint venture's decision to temporarily stop drilling work on the gas fields.
BP is exploring the area through Elvaryneftegas, in which it owns a 49 % stake. Rosneft, the Russian oil group, owns the remaining 51%.

Wednesday, March 5th, 2008

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