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Posts from ‘September, 2006’

The Observer: What is the greenest way to get around?

For those who prefer not to cycle or walk, the eco answer to getting from A to B is to mix and match, says Lucy Siegle Sunday October 1, 2006 I concede that the clean, green mobility charms of the push bike won’t seduce everyone. Unfortunately nobody has come up with such an easy, cheap […]

Radio New Zealand: Pohokura gas field now producing commercial quantities

Posted at 2:37pm on 01 Oct 2006 The operators of the Pohokura gas field in Taranaki say it is producing commercial quantities of gas for the first time. Shell Exploration says gas and condensate are now flowing from three completed onshore wells through a production station at Motunui near New Plymouth. A spokesman, Ajit Bansal, […]

Huffington Post: Vladimir Inspired by Hugo’s Oil Drama. Should We Be Watching?

By Raymond J. Learsy This April the Chavez government seized oil fields operated by two European oil giants- Italy’s ENI and France’s Total. This, after the two companies declined to convert their contracts to joint ventures with the state. “These two multinational companies resist adjusting to our law. Our sovereignty isn’t under negotiation”, bellowed Rafael […]

Neftegaz.RU: Energy Ministers From 11 Countries Say Russian Energy Policy Raises Risks for Europe

Eleven energy ministers warned of rising political and commercial risks to Europe’s energy markets as President Vladimir Putin issued a warning to “unconscientious” investors, Agence France Presse reported on Thursday. “The ministers note the recent developments in energy markets and the ever increasing potential risks of a political and commercial nature,” the 11 Black Sea-region […]

Petroleum News: Clash of Canadian heavyweights

Leading producers do battle over TransCanada plans to switch gas pipeline to oil sands; disagree over outlook for gas supplies Gary Park For Petroleum News In the red corner we have, among others, EnCana, Shell Canada, Nexen and Devon Canada. And in the blue corner, ConocoPhillips Canada, Canadian Natural Resources and Suncor Energy. It’s one […]

Ogoni author Ben Wuloo Ikari argues that Shell should be classified as a terrorist organisation

Introduction by Alfred Donovan. Robert Aouad, a guest columnist in a U.S. College publication, recently took issue with a suggestion that Shell Oil should be included in a list of terrorist organisations: the following is an extract from his article published on 22 September 2006.   EXTRACT: As for Shell Oil, who you suggested should be […]

The Times: Oil explorer that struck water in the desert

September 30, 2006    WATER is vital to the recovery of oil — it is used to force the black liquid from hard-to-reach parts. Water is also essential to the survival of the 2.5 million people living in the Thar Desert in Rajasthan, India, the world’s most populous desert. Cairn Energy, the Scottish mining company, […]

Financial Times: Sakhalin-2 fell foul of zealous official

By Arkady Ostrovsky Published: September 29 2006 03:00 | Last updated: September 29 2006 03:00 What do a Soviet pop diva, small country cottage owners and one of the world’s largest oil and gas projects have in common? The answer is simple. They have all become a target for a mid-level official who has built […]

Buenos Aires Herald: Shell shock

Saturday 30 September 2006   HERALD STAFF   The successful government pressure on Shell to suspend its new V-Power diesel pending government authorization of the product sets an alarming precedent for any market economy — would Alexander Graham Bell have felt obliged to seek government authorization before inventing the telephone or the Wright brothers to […]

Daily Yomiuri: Russia’s economic roulette: Gazprom wants more than 50% of Sakhalin II

Saturday 30 September 2006 Yoshikuni Sugiyama The government compiled in May an energy policy outline titled “New National Energy Strategy,” with the aim of increasing its ratio of independent oil development. However, its plan has already taken a battering thanks to a unilateral Russian ruling. The Russian Natural Resources Ministry has decided to cancel the […]

Banking Business Review: French loyalty cards: S’Miles better for Shell

28th September 2006 By Anne Marie Davis Groupe Caisse d’Epargne has joined Shell in S’Miles, a major syndicated retail loyalty card scheme in France. The French retail bank will represent a welcome addition to the scheme for Shell, increasing the number of card touch points for its customers in a market where an independent loyalty […]

Inter Press Service: Sakhalin II brings prostitution, human trafficking, poverty, HIV/AIDS…

Headline: Social Setbacks as Big Oil Expands Pipelines Emad Mekay WASHINGTON, Sep 29 (IPS) – Predominantly foreign male workers who relocated to build massive oil and gas projects, combined with feeble gender policies, have brought  and greater burdens for local communities around those projects, new research finds. This array of problems was found at two […]

The Idaho Observer: Ruthless Exploiters, Inc.: A little poverty never hurt anybody

SEPTEMBER 2006 EXTRACT: According to an article written for Amnesty International: “It’s 10 years since the Nigerian Government executed the well-known Ogoni writer and human rights campaigner Ken Saro-Wiwa. But little has changed for the people of the Niger Delta, reports Seth Jordan… “…Oil was discovered in the Ogoni region in the late 1950s by […] hardly surprising Putin is questioning the viability of Sakhalin II

29 September 2006 Expert comments on the Sakhalin II situation by a Shell Insider… The costs of Sakhalin have doubled, so the payback time is approximately doubled. If 2013 is the new estimate for breakeven, based on a start up in 2008 and $22bn costs, then it is fair to assume that the date should […]

The Russia Journal: Sakhalin Energy violated pipeline route plan – ecology watchdog

Posted By Newsroom On 29th September 2006 @ 10:15 In Home, Economy, Companies, YUZHNO-SAKHALINSK – A stretch of a pipeline in the Sakhalin II energy project has been illegally laid through the territory of a national preserve, Russia’s environmental watchdog said Friday. Oleg Mitvol, the deputy head of the Federal Service for the Oversight of […]

Bloomberg: Chevron’s Gorgon Venture Design Work to Finish in `Few’ Months

By Angela Macdonald-Smith Sept. 29 (Bloomberg) — Chevron Corp. said design work on the $10.4 billion Gorgon liquefied natural gas venture, which has been delayed, is due for completion in the “next few months” in advance of an investment decision in 2007. The number of contractors working on the project is set to fall over […]

RosBusinessConsulting: Sakhalin Energy may face criminal charges

RBC, 29.09.2006, Yuzhno-Sakhalinsk 13:35:26. Sakhalin Energy illegally changed the route of its oil and gas pipelines to pass through a state wildlife reserve, Oleg Mitvol, the deputy chief of the Russian environmental watchdog Rosprirodnadzor, told journalists following his trip to inspect Sakhalin-2 project construction sites. He said that according to the project’s plan, the pipelines […]

Expansion Management: Shell To Make Major Expansion Project in Singapore

SINGAPORE (September 29, 2006) — World-scale petrochemical facility will be a major provider of raw materials in Asia.   Singapore’s petrochemicals industry has attracted one of its biggest construction projects to date from international chemicals and energy giant, Royal Dutch Shell plc. In late July, Shell, which enjoys a local presence dating back to the 19th […]

Globe & Mail: Halt urged for Shell project in Russia

Minister denies environmental complaints are a ruse to obtain a stake in Sakhalin ALEX NICHOLSON Associated Press MOSCOW — Russia’s environmental watchdog has called for pipe-laying work to be halted at a Royal Dutch Shell PLC-led liquefied natural gas project on Russia’s far eastern Sakhalin Island, even as the country’s Foreign Minister says problems could […]

The Russia Journal: Battle continues over Sakhalin-2

September 29, 2006 YUZHNO-SAKHALINSK – Using oil pipelines within the framework of the Sakhalin-2 project could lead to an environmental disaster, Oleg Mitvol, Deputy Director of Russia’s Federal Service for Environmental Supervision (Rosprirodnadzor), said on Thursday after inspecting the construction of gas and oil pipelines near the Sovetskoye village. He said Rosprirodnadzor would send the […]

St Petersburg Times: Shelling Out For the Environment

Issue #1208(74), Friday, September 29, 2006 Bloomberg: YUZHNO-SAKHALINSK — Royal Dutch Shell Plc’s Sakhalin-2 oil and gas project should stop building pipelines and resolve the environmental damage it has caused, said Oleg Mitvol, deputy head of Russia’s environmental inspectorate.”We will do everything to make the company stop work and pay for the environmental damage,” Mitvol, […]

RIA Novosti: Sakhalin Energy violated pipeline route plan – ecology watchdog

11:36 | 29/ 09/ 2006  YUZHNO-SAKHALINSK, September 29 (RIA Novosti) – A stretch of a pipeline in the Sakhalin II energy project has been illegally laid through the territory of a national preserve, Russia’s environmental watchdog said Friday. Oleg Mitvol, the deputy head of the Federal Service for the Oversight of Natural Resources, who is […]

Lloyds List: Shell Marine sets out to syphon away fuel supply and quality risks

By: Concern over security issues, writes Jamie Dale in Singapore, Lloyds List Published: Sep 29, 2006 SHELL Marine Products is paving the way to ease shipowners’ risk in a market thought to have an overcapacity of vessels in trade today, raising concerns over fuel supply security. With financing made easier, thanks to low interest rates […]

The Scotsman: Russia targets Shell over environmental damage

Friday 29 September 2006 A RUSSIAN official stepped up attacks on Shell’s vast $20 billion Sakhalin energy project in Russia’s far east, saying Moscow wanted damages for every destroyed tree or damaged river.

The Wall Street Journal: Oil News Roundup: September 28, 2006 5:05 p.m.

THE WALL STREET JOURNAL ONLINE September 28, 2006 5:05 p.m. Crude-oil futures continued their recent volatile trade, rising as high as $64 a barrel on the New York Mercantile Exchange before falling below $63 after OPEC officials quashed speculation the group was cutting production to tighten supply. Here is Thursday’s roundup of oil and energy […]

Dow Jones Newswires: Shell Exec Outlines Hope, Barriers In Enhanced Oil Methods

Shell Exec Outlines Hope, Barriers In Enhanced Oil Methods HOUSTON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is experimenting with techniques to boost recovery from older reserves by 10%, but the campaign poses new technological challenges for producers, Shell Vice President John Barry said Thursday.  Barry, speaking on a conference call with reporters, described three methods […]

Western People (Ireland): Poll shows strong support for Rossport Five

THE NUACHT RTE/TNS mrbi poll indicates strong support for the Rossport Five and for locating the Corrib Gas terminal at sea. Six in ten people felt the gas terminal should be located offshore with just one quarter supporting the existing Bellanaboy option, RTE Nuacht reveals this morning (Tue). The offshore alternative has strongest support among […]

The Independent: Russia says Shell facing $50bn Sakhalin bill

By Andrew Osborn in Moscow Published: 29 September 2006 Shell is facing growing uncertainty over the future of its Russian Sakhalin-2 oil and gas project after a senior official yesterday called for construction work to be halted over “barbaric” damage to the environment which he claimed it would cost $50bn (£27bn) to put right. The […]

The Charleston Gazette: Pensions: Tainted investments

September 29, 2006  EARLIER this year, West Virginia’s Investment Management Board rebuffed questions about its holdings in regions linked to terror and genocide. The state’s pension investment fund is legally bound to make money and nothing else, board members said. But if California can stop investing in companies that deal with nations that sponsor terrorism […]

International Herald Tribune: Shell ordered to halt premium diesel fuel sales in Argentina

EXTRACT: Last year, President Nestor Kirchner called on Argentines to boycott Shell after it raised local prices amid rising oil costs. Shell quickly nudged pump prices back down after government-aligned protest groups marched on its stations and sales slumped. THE ARTICLE The Associated Press: Published: September 28, 2006 BUENOS AIRES, Argentina The Argentine unit of Royal […]

International Herald Tribune: Shell ordered to halt premium diesel fuel sales in Argentina

EXTRACT: Last year, President Nestor Kirchner called on Argentines to boycott Shell after it raised local prices amid rising oil costs. Shell quickly nudged pump prices back down after government-aligned protest groups marched on its stations and sales slumped. THE ARTICLE The Associated Press: Published: September 28, 2006 BUENOS AIRES, Argentina The Argentine unit of Royal […]

The Washington Post: Warming trend is hatching a business

EXTRACT: No one is on the sidelines in Europe. Power generators now count greenhouse gases — measured in metric tons of carbon dioxide — as one of their costs. “It’s going to change the way you make decisions about deploying capital,” says Garth Edward, trading manager for environmental products at Royal Dutch Shell PLC, which […] Sakhalin 2 Oil And Gas Work Causing Great Damage Warns Ecologist

Oil and gas exploration by Royal Dutch Shell and Japanese partners has caused extensive environmental damage on Russia’s far eastern island of Sakhalin, a leading German ecologist said Thursday. Species at risk from drilling and production include the rare grey whales in the Piltun Bay at the north end of Sakhalin, Ralf Sonntag, head of […]

RTE News (Ireland) Shell to modify route of pipeline

28 September 2006 17:56 Shell Ireland says it intends to modify the route of the Corrib gas Pipline in Co Mayo. Lawyers for the company told the High Court that Shell Ireland would do this in consultation with the local community.  The High Court has given Shell Ireland permission to begin the process of discontinuing […]

Houston Chronicle: Russia Watchdog Seeks to Halt Project

Sept. 28, 2006, 11:23AM By ALEX NICHOLSON AP Business Writer © 2006 The Associated Press MOSCOW — Russia’s environmental watchdog called Thursday for pipe-laying work to be halted at a Royal Dutch Shell PLC-led project on Russia’s Far Eastern Sakhalin island even as the country’s foreign minister said any problems could be resolved through dialogue. […]

Daily Mail: Shelling out for takeovers: Shell will have to weigh into the takeover market or risk being gobbled up

EXTRACT: Nevertheless, it is seen as inevitable that at some point Shell will have to weigh into the takeover market or risk being gobbled up itself. THE ARTICLE 28 September 2006 Oil prices may be falling now but the appetite for finding and building reserves is growing. The minor league takeover battle for Australia’s Hardman […]

UpstreamOnline: Lavrov urges Sakhalin partners to talk

By Upstream staff Russia’s Foreign Minister Sergei Lavrov today urged the Sakhalin 2 consortium to resolve a simmering crisis over the $20 billion Shell-led venture by talking with the Russian side. Lavrov told a news conference on Sakhalin island that he had observed “from the management of Sakhalin Energy a sincere wish to resolve these […]

RIA Novosti: Sakhalin II pipeline must be closed – ecology official

16:34 | 28/ 09/ 2006  YUZHNO-SAKHALINSK, September 28 (RIA Novosti) – A deputy head of Russia’s environmental watchdog said Thursday that pipeline construction under the massive Sakhalin II oil and gas project in Russia’s Far East must be stopped. “Further work to build the Sakhalin II pipeline as it has been done to date is […]

KAZINFORM (Japan): Tokyo hopes Moscow is law-guided in handling Sakhalin-2 problems

TOKYO, September 28, 2006. KAZINFORM. – Japan’s government hopes that Moscow will handle the ecological problems confronting the oil and gas project Sakhalin-2 in keeping with Russian laws, First Vice Minister of Economy, Trade and Industry Takao Kitabata said. He told a news conference on Thursday that Tokyo would watch the developments over the project, […]

Reuters: FACTBOX-Russia’s environmental worries on Sakhalin

28 Sep 2006 13:39:50 GMT Source: Reuters MOSCOW, Sept 28 (Reuters) – Russia has ordered a full environmental probe of Royal Dutch Shell’s $20 billion Sakhalin-2 oil and gas development in the Russia’s Far East. Russia’s environment watchdog RosPrirodNadzor says that Sakhalin Energy, the project operator, persistently violates environmental legislation. In 2003, Russia’s State Environmental […]

Reuters: Update 1: Russia watchdog accuses Shell of barbaric activity

By Elif Kaban and Michael Stott MOSCOW, Sept 28 (Reuters) – A top Russian environment official stepped up his attacks on the Royal Dutch Shell-led $20 billion Sakhalin energy project on Thursday, saying Moscow wanted damages for every destroyed tree or damaged river. “If criminal cases are opened for everything, the company will read the […]

Irish Independent: Shell denies trying to avoid disclosure of Corrib documents

13:13 Thursday September 28th 2006  Lawyers for Shell Ireland have refuted suggestions that their bid to withdraw their case against six landowners in north Mayo is so the company can avoid an order made for discovery of documents. They have told the High Court that instead this move arises directly out of its decision to […]

Dow Jones Newswires: PSAs Still Shield Oil Companies from Cost Overruns

By Matthew Allen      Dow Jones Newswires      LONDON Sep 27, 2006 (Dow Jones Newswires) Production-sharing agreements like those in place at Russia’s Sakhalin liquefied natural gas project offer higher levels of protection from project cost overruns than royalty and taxation mechanisms, despite hyper-inflation in the oil industry, a report by consultants Wood Mackenzie said Wednesday. Such […]

MosNews: Russia Watchdog Values Environmental Damage from Sakhalin-2 at $50Bln

Photo from Created: 28.09.2006 11:26 MSK (GMT +3), Updated: 11:26 MSK The deputy head of Russia’s environmental watchdog Rosprirodnadzor Oleg Mitvol told reporters on Thursday, Sept. 28, that Shell’s Sakhalin-2 oil and gas project has brought about more than $50 billion in environmental damages. According to Mitvol, this figure is composed of the cost […]

The Russia Journal: scandal surrounding Sakhalin-2…

September 28, 2006 Headline: Russian officials calculate damage from Sakhalin-2 MOSCOW – Environmental damage from Sakhalin-2 project could top $50 billion, Oleg Mitvol, Deputy Director of Russia’s Federal Service for Environmental Supervision (Rosprirodnadzor) told reporters on Wednesday. He was commenting on remarks his company could suffer direct losses of $10 billion if the project is […] Russian Natural Resources Ministry may halt Sakhalin 2 Project

28 Sep 2006 05:56 GMT Russian natural resources ministry will halt implementation of Shell Company’s Sakhalin 2 oil and gas Project, if its participants do not guarantee environmental safety of the pipeline, on September 26, the ministry’s head Yuri Trutnev stated. He is quoted by NTV-Channel as saying that the final decision concerning the matter […]

Daily Telegraph: Database: Energy; Thursday 28 September 2006

• Royal Dutch Shell’s Sakhalin-2 oil and gas project may have caused ecological damage exceeding $50bn, Prime-Tass reported, citing Oleg Mitvol, the deputy head of the Natural Resources Ministry’s environmental inspectorate. • Russia is stepping up environmental checks on Royal Dutch Shell and other overseas oil producers because of public demands for compliance, Foreign Minister […]

AP Worldstream: Report: Nigerian politicians allied with hostage-taking militants

By: KATHARINE HOURELD Published: Sep 27, 2006 Nigerian politicians have started allying themselves with militant groups that have kidnapped foreign oil workers as elections approach, says a report released Thursday by an international think tank. The report by Brussels-based International Crisis Group says that while militant groups have exploited frustration with government corruption to ensure […]

Lloyds List: Sakhalin II project sells 98% of its LNG cargoes

By: Martyn Wingrove, Lloyds List Published: Sep 28, 2006 SAKHALIN Energy has sold 98% of its liquefied natural gas forward cargoes for Russia’s first LNG project and will consider building a third train. The Shell-led consortium has to formally approve one more LNG contract and then will have almost all of its gas production booked […]

Lloyds List: Shell joins Samsun Ceyhan pipe build

Published: Sep 28, 2006 ROYAL Dutch Shell has joined Italian oil firm Eni to build an oil pipeline across Turkey to take Black Sea oil to the Mediterranean, writes Martyn Wingrove. The Anglo-Dutch oil major is looking to pump its future Kazakhstan oil production from the Black Sea port of Samsun to the tanker terminal […]

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