Posts on ‘August 3rd, 2006’

· Ministry claims oil link is in danger from mudslides · Gazprom denies move is ploy to gain Sakhalin stake Terry Macalister Friday August 4, 2006 Shell has clashed with the Russian government over an oil project off Sakhalin Island which has already attracted the wrath of environmentalists and run way over budget. The latest [...]

guest_2770 : If this is just the beginning of the ministry’s audit of Sakhalin, I wonder what they will find next…. Looks like Gazprom will be getting a lot more than 25% of Sakhalin 2….. guest_4214 : wait until they discover the flawed ERD well designs which have a high chance of causing blow-outs when [...]

03 Aug 2006 10:08:04 GMT Source: Reuters By Estelle Shirbon ABUJA, Aug 3 (Reuters) – Nigeria could avert “violent meltdown” in its oil producing Niger Delta if it met militant demands for more local control over oil wealth in a transparent way, the International Crisis Group (ICG) said on Thursday. A wave of militant attacks [...]

03 Aug 2006 16:49:15 GMT Source: Reuters By Austin Ekeinde PORT HARCOURT, Nigeria, Aug 3 (Reuters) – A German oil contractor was kidnapped in the southern Nigerian oil city of Port Harcourt on Thursday by armed men dressed in military fatigues, police said. It was the latest in a series of kidnappings and attacks against [...]

03 Aug 2006 16:20:41 GMT Source: Reuters More  Aug 3 (Reuters) – A German oil contractor was kidnapped in the southern Nigerian oil city of Port Harcourt on Thursday by armed men dressed in military fatigues, police said. The Movement for the Emancipation of the Niger Delta (MEND), which launched a series of attacks earlier [...]

Since military rule ended in Nigeria in 1999, at least 14,000 people have been killed in sporadic outbursts of violence across the country and hundreds of thousands have been displaced. 70 percent of population live on less than $1 a day World’s eighth-largest oil exporter High risk of unrest ahead of 2007 elections Conflict often [...]

03 Aug 2006 16:45:23 GMT Source: Crisis Group Nigeria violence Dakar/Brussels, 3 August 2006: The Nigerian government and international oil corporations must change direction if they are to reduce the risk of violent meltdown in the Niger Delta. The Swamps of Insurgency: Nigeria’s Delta Unrest,* the new report from the International Crisis Group, examines the [...]

Aug 3, 2006 There is no shortage of buyers for Iranian oil despite a threat of sanctions against the Islamic Republic in the standoff with the West over its nuclear programme, analysts said on Thursday. That is mainly because rising world demand and outages in some producers like Nigeria have added to a strain on [...]

03 Aug 2006 19:30:40 GMT Source: IRIN JOHANNESBURG, 3 August (IRIN) – Madagascar is becoming the next staging post of Africa’s energy boom as oil conglomerates descend on the poverty stricken island to contend for a share of the recent discovery, but a global watchdog cautions that the windfall could challenge the island’s fledgling democracy. [...]

By Dmitry Zhdannikov Reuters Itar-Tass Friday, August 4, 2006. Issue 3468. Page 5. Work on the Sakhalin-2 gas pipeline, here pictured last June, may be halted.   Russia stepped up pressure Thursday on two Sakhalin oil consortiums led by Royal Dutch Shell and ExxonMobil as analysts said the Kremlin wanted better terms for state firms. [...]

Thursday August 3rd 2006  The dispute over the Corrib gas pipeline looks to be no nearer to a resolution after opponents to the project rejected fresh proposals from Shell. The company says it is wiling to divert the course of the pipeline away from housing near Rossport in County Mayo, in accordance with a recommendation [...]

Last Update: 9:18 AM ET Aug 3, 2006 MOSCOW (MarketWatch) — The Russian Natural Resources Ministry has instructed the Sakhalin Energy Invest Ltd. consortium to stop laying an oil pipeline along the shore of the Sakhalin island. The Ministry said in a statement that the pipe, as is being laid at present, is vulnerable to [...]

MOSCOW (AFX) – Russia said it wants to halt construction of an oil and gas pipeline on Sakhalin Island in the far east of the country because of the risk of landslide damage. The ministry has proposed that the project, to be run by Anglo-Dutch energy group Royal Dutch Shell, be stopped while environmental experts [...]

Thu Aug 3, 2006 9:28am ET DUBLIN, Aug 3 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Thursday it would re-route a gas pipeline in western Ireland, as recommended by a state mediator, but local residents who have delayed the project said their protests would continue. “We have agreed to implement all [...]

(Update5) Aug. 3 (Bloomberg) — Total SA, Europe’s third-biggest oil company, posted a smaller increase in second-quarter profit than analysts expected after rebel attacks in Nigeria and the seizure of fields in Venezuela and Bolivia curbed production. Profit climbed 15 percent to 3.36 billion euros ($4.3 billion) from 2.91 billion euros a year earlier, excluding [...]