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Posts on ‘September 6th, 2006’

The Moscow Times: Ministry Presses Exxon on Sakhalin-1

Thursday, September 7, 2006. Issue 3492. Page 5. Reuters The Natural Resources Ministry has told ExxonMobil it will not automatically enlarge the license territory of Exxon’s Sakhalin-1 oil and gas block, despite the discovery of new reserves near or at existing deposits. The ministry said its representatives had told the U.S. oil major, developing the […]

Oil&Gas Journal: International group starts Saudi gas drilling

By OGJ editors HOUSTON, Sept. 6 — A joint venture of Royal Dutch Shell PLC, Total SA, and Saudi Aramco has begun exploratory drilling for nonassociated gas and condensate in the southern part of Saudi Arabia’s Empty Quarter. The venture, South Rub al-Khali Co. Ltd. (SRAK), has spudded Isharat 1, the first of seven wells […]

Bloomberg: Oil Falls to 5-Month Low in New York as Supply Concern Eases

EXTRACT: Royal Dutch Shell Plc, the world’s second-largest publicly traded oil company, said its Mars platform in the Gulf was producing 20 percent more oil than before it was damaged and shut down by Katrina. The platform is currently producing 190,000 barrels of oil equivalent per day, the company said today in a statement.  THE […]

International Herald Tribune: Russian will not abrogate existing production-sharing agreements

The Associated Press WEDNESDAY, SEPTEMBER 6, 2006 MOSCOW Russia will not abandon existing production sharing agreements with foreign oil and gas companies, but is unlikely to pursue further such deals in the future, the RIA-Novosti news agency quoted a senior official as saying Wednesday. Deputy Economic Development and Trade Minister Kirill Androsov also said he […]

TMCnet: Sakhalin-2 promoter denies Russian environment regulator’s claim

(Kyodo News International (Tokyo) (KRT) Via Thomson Dialog NewsEdge) Sep. 6– MOSCOW — Sakhalin Energy Investment Co., an international consortium promoting an oil and natural gas development project off Russia’s Sakhalin island, on Wednesday denied a claim by the Russian environmental regulator that the exploration program could harm the environment, Interfax news agency said. Sakhalin […]

Dow Jones Newswires: Russian Dep Min: Won’t Tear Up Sakhalin PSAs

Wednesday September 6th, 2006 / 17h51    However, Androsov said Russia is unlikely to pursue further PSAs in the future. Androsov’s comments echo similar comments by Kremlin aide Igor Shuvalov, who said Tusday that accusations by the Ministry of Natural Resources against Shalin Energy, the Royal Dutch Shell (RDSA)-led consortium developing Sakhalin-II, had nothing to […]

RIA Novosti (Moscow): Gazprom wants no more than 25% in Sakhalin II – dep. minister

20:35 | 06/ 09/ 2006  ST. PETERSBURG, September 6 (RIA Novosti) – Russian energy giant Gazprom does not want more than a 25% stake in the Sakhalin II project in the Far East, a deputy economics minister said Wednesday. Speaking to reporters from Japan on the sidelines of a Russian-Japanese investment forum, Kirill Androsov said: […]

MarketWatch: Platts Releases 2006 Top 250 Global Energy Companies List

Sep 6, 2006 SINGAPORE, Sept 06, 2006 /PRNewswire via COMTEX/ — Platts today released its annual 2006 Top 250 Global Energy Companies rankings, recognizing the industry’s top-performing companies around the world. The list, led by Exxon Mobil Corporation, was unveiled at the Platts Top 250 Global Energy Companies Asia/Pacific Rim Region Awards Dinner, sponsored by […]

GGI RapidNews: MANAGEMENT PRODUCTIVITY

Volume 7, Issue 7- August 2, 2006 Fortune Magazine’s List of the Top 500 Companies Who are at the top of the 500 most successful companies world-wide? How “little” can a company make and still be part of this exclusive club? These questions are answered in the July 24, 2006, issue of Fortune Magazine. ExxonMobil […]

RIA Novosti: Russian Ministry plans to finish probe into Sakhalin-II by end of year

14:35 | 06/ 09/ 2006  ST. PETERSBURG, September 6 (RIA Novosti) – Russia’s economics ministry is hoping to finalize a review of the feasibility study of the Sakhalin-II energy project off the country’s Pacific coast by the end of the year, the deputy economics minister said Wednesday. Costs on Sakhalin II have reportedly doubled to […]

Kommersant: Russian Pres. Aide Suggests Foreigners Forego Product Sharing

Russian presidential aide Igor Shuvalov said at a briefing at the RIA Novosti news agency yesterday that it was desirable for participants in product-sharing agreements to convert to a “national procedure.” He suggested that the participants in the Sakhalin 2 project could thus solve their problems with Russian agencies. Russian authorities have repeatedly expressed dissatisfaction […]