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Posts on ‘September 5th, 2006’

RIA Novosti: Sakhalin II is one of Russia’s top priority projects – Kremlin aide

05/09/2006 20:08 MOSCOW, September 5 (RIA Novosti) – The Sakhalin II project in Russia’s Far East is one of the country’s top priority energy projects, a Kremlin aide said Tuesday, against the backdrop of an ecological dispute. “Russia considers the Sakhalin II project as one of its most serious projects,” Igor Shuvalov said. Russia’s environmental […]

Associated Press: Russian environmental regulator files lawsuit against Pacific island oil project led by Shell

Tuesday September 05, 2006 MOSCOW (AP) Russia’s environmental regulator said Tuesday it had filed suit seeking to revoke approval for a $20 billion international oil project led by Royal Dutch Shell on the Pacific island of Sakhalin. The Federal Service for the Supervision of Natural Resources had signaled for several weeks that it planned to […]

BBC News: Sakhalin gas project under fire

Tuesday, 5 September 2006, 11:45 GMT 12:45 UK “The project complies fully with Russian and international environmental standards”: Royal Dutch Shell Russian regulators are trying to block a $20bn (£10.5bn) foreign-financed energy project on the Pacific island of Sakhalin, led by Royal Dutch Shell. An environmental watchdog will attempt to have approval for the huge […]

UpstreamOnline: Premier boss rejects takeover talk

By Upstream staff Premier Oil has not received a takeover approach from Shell, Premier’ boss Simon Lockett said today, despite a report the supermajor was eyeing the UK oil explorer. “I have no knowledge of any talks ongoing with Shell. We have not received any approach from Shell,” Simon Lockett told Reuters. A spokesman for […]

The Scotsman: Russian watchdog pressures Shell project

MOSCOW (Reuters) – Russia’s environmental watchdog stepped up pressure on the Royal Dutch/Shell-led Sakhalin-2 project, saying on Tuesday it would seek to overturn its own decision to recognise the project as ecologically safe. The watchdog said in a statement it had asked a Moscow court to recognise that the world’s biggest liquefied natural gas (LNG) […]

MarketWatch: SEC Petitioned to Issue ‘BP Rule’;

EXTRACT: Other foreign corporations that would be subject to the rule include Sony Corp., Toyota Motor Corp, Honda Motor Corp., Royal Dutch Shell, and Deutsch Telekom. THE ARTICLE SEC Petitioned to Issue ‘BP Rule’; U.S. Investors Should Have Traditional Shareholder Rights in Foreign Companies That Lobby or Have Significant Social Impacts, Free Enterprise Action Fund […]

MarketWatch: Russian gov’t reportedly sues to block Sakhalin-2 project

By Steve Goldstein Last Update: 8:09 AM ET Sep 5, 2006 LONDON (MarketWatch) — Russia’s Federal Service for the Supervision of Natural Resources has sued to block the $20 billion Sakhalin 2 project, citing “unfulfilled” environmental recommendations, wire services reported Tuesday. The project is being led by Royal Dutch Shell with partners Mitsui and Mitsubishi.

Dow Jones Newswires: BG Shares Up On Renewed Shell Bid Talk

Tuesday, September 05, 2006 0804 GMT [Dow Jones] BG (BRG) +1.5% at 694p on renewed speculation in the market that Royal Dutch Shell (RDSA) may be making a bid, say traders, with one trader citing talk of a price of 800p a share. However, an analyst dismisses the talk, saying nothing has changed since the […]

MarketWatch: Chevron-led group may find top U.S. oil source

Completes test to 28,175 feet in a well 270 miles offshore New Orleans By MarketWatch Last Update: 4:53 AM ET Sep 5, 2006 LONDON (MarketWatch) — Chevron Corp. said a production team it leads made the deepest successful well test in the Gulf of Mexico, potentially unearthing a reservoir of oil that could make it […]

AFX News Limited: Australia’s North-West Shelf LNG project Phase 5 costs rise 21 pct – UPDATE

09.05.2006, 02:44 AM SYDNEY (XFN-ASIA) – Woodside Petroleum Ltd said costs for the planned phase five expansion of its North-West Gas liquefied natural gas project are estimated to have risen by 21 pct to 2.42 bln aud because of higher labor charges. The company, 34 pct owned by the Royal Dutch Shell group, said the […]

The Tampa Tribune: Gulf Refiners Gearing For Expansion

EXTRACTS: …the 3,600-acre Motiva refinery is planning an expansion that the facility’s general manager says will double its production by 2010 and make it the largest U.S. refinery.  …Motiva, a Houston-based joint operation between Saudi Refining Inc. and Shell Oil Co., is preparing land parcels while it awaits permits and final approval from parent companies on […]

The Wall Street Journal: BP Hires Former Judge To Be U.S. Ombudsman

By JIM CARLTON September 5, 2006; Page A2 BP PLC has retained former U.S. District Judge Stanley Sporkin as its ombudsman to hear worker complaints from Alaska and elsewhere in the U.S., in a move to stem the tide of criticism over the British oil titan’s operations. BP officials and Mr. Sporkin said BP has […]

The Times: BP offered $10 million donation to settle claim

By Carl Mortished, International Business Editor   BP has been accused of making an unethical inducement to settle a personal injury lawsuit, after the oil group’s attorney offered to make a $10 million (£5.2 million) donation to a church ministry supported by a lawyer acting for victims of the Texas City refinery fire. Affidavits filed […]

Lloyds List: Shell to step in and help ONGC boost Kalol production

Published: Sep 05, 2006 SHELL is on the verge of helping India’s Oil and Natural Gas Corp increase production from the Kalol field in the Western onshore area, writes Shirish Nadkarni in Mumbai. The average crude output at Kalol, which is ONGC’s highest producing field in the Ahmedabad asset, is 1,430 tonnes per day. The […]