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Archive for January, 2007

Rosneft, Sovkomflot to set up JV for shelf project services

Rosneft and Russia's leading shipping agent Sovkomflot said Monday they have signed an agreement to establish a joint venture to service the sea component of the oil company's continental shelf projects.
With the gradual tightening of state control over Russia's natural resources, and moves to reduce foreign participation in oil and gas deposits, state-run energy companies [...]

Monday, January 29th, 2007

Sakhalin blow hits Shell’s reserves

Oil giant Shell may be forced to cut the oil and gas reserves on its books by up to a billion barrels after the halving of its stake in the Russian Sakhalin-2 joint venture, according to analysts.
Shell was forced to cede its majority stake in the massive project off the east coast of Russia to [...]

Sunday, January 28th, 2007

Shell still eyes Russian investments despite debacle

Anglo-Dutch oil major Royal Dutch Shell PLC intends to continue searching for new investment opportunities in Russia despite recent problems with the Russian government over the management of its Sakhalin-II oil and gas project, Shell's Chief Executive Jeroen Van de Veer said Friday.
"We will at least start to look at those new opportunities for the [...]

Saturday, January 27th, 2007

Sonia turns Sakhalin-III in India`s favour

Congress President Sonia Gandhi is said to have played a key role in persuading Russian President Vladimir Putin to support ONGC Videsh's bid for a 20 per cent stake in the oil- and gas-rich Sakhalin-III project.A senior official in the petroleum ministry said Gandhi made a strong case for India during her meeting with Putin, [...]

Saturday, January 27th, 2007

Gazprom to ensure stable gas supply from Sakhalin-2 to Japan

Chairman of the board of directors of Russia's natural gas monopoly Gazprom Alexei Miller has promised that the company will stick to stability of supplies to Japan of liquefied natural gas produced within the framework of the Sakhalin-2 project, Japanese Economy, Trade and Industry Minister Akira Amari told journalists on Friday providing information on the [...]

Friday, January 26th, 2007

Dalsvyaz closes the acquisition of 51% shares of Sakhatelecom

Dalsvyaz OJSC closed the acquisition of 51% shares of Sakhatelecom OJSC, the company says.
December 7, 2006, Dalsvyaz won the auction for the right to acquire 51% shares of Sakhatelecom for RUB 2.295 bn. The auction was held in accordance with the resolution on terms of the privatization of Sakhatelecom shares taken by the Ministry of [...]

Friday, January 26th, 2007

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