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Posts on ‘September 11th, 2006’

Rigzone: Japan Stays Optimistic Over Sakahlin-2 Project

By Kyodo News Service BBC Monitoring Asia Pacific            Monday, September 11, 2006  An international oil and gas development off Russia’s Sakhalin island, involving Japanese companies, will move ahead despite the Russian environmental regulator’s lawsuit to revoke government approval, a senior trade ministry official said Monday [September 11th]. “There can be many problems in the process […]

MosNews: Putin Dismisses Cold War Rhetoric About Russia’s “Energy Superpower” Status

  Created: 11.09.2006 10:49 MSK Over the weekend Russian President Vladimir Putin met with a pool of foreign journalists and academics. Answering the question about Russia’s “energy superpower” status, he dismissed the possibility that the country would throw its weight around and hold other nations to ransom. “The world,” he said, quoted by the British […]

Reuters: Gaffes prompt re-examination of BP CEO’s record

By Tom Bergin: A series of scandals at oil giant BP Plc’s U.S. operations, has shaken investors’ faith in its head John Browne and prompted some to re-examine the record of a man often rated among the world’s most respected CEOs. Revelations of sloppy maintenance at key oil pipelines in Alaska, investigations into alleged manipulation […]

The Yomiuri Shimbun (Tokyo): Business tactic: investment in Russia is a risky business

A lawsuit filed recently shows that investment in Russia is a risky business. The Russian Federal Service for the Supervision of Natural Resources filed the action with a Moscow court, claiming that a natural resource development project off Sakhalin Island should be suspended because it has failed to take proper measures to preserve the environment. […]

MosNews: Russian Environmental Watchdog Begins Sweeping Check of All Sakhalin Projects

  EXTRACT: Some analysts view RosPrirodNadzor’s moves as part of a move by the Kremlin to tighten its grip on the strategic energy sector and a deliberate clampdown on Exxon and Shell’s production sharing agreements, the only energy projects exempt from Russia’s sky-high oil taxes. THE ARTICLE Created: 11.09.2006 15:25 MSK (GMT +3), Updated: 15:25 […]

Today Online: ExxonMobil’s Sakhalin-1 ready to ship oil to Asia

EXTRACTS: Shell is facing a lawsuit from the Russia state service for natural resources use to halt work on Sakhalin-2 over alleged environmental violations. A report by the ministry of natural resources in May attacked both Shell and ExxonMobil for cost overruns at the Sakhalin sites and said Russian companies should be given majority control of […]

Pipeline Magazine: SRAK begins drilling for gas

Posted: 11 September 2006 After exploring for two and a half years in the Empty Quarter , the South Rub’ al-Khali Company Ltd. (SRAK) has begun drilling for non-associated gas and gas condensates. SRAK is an incorporated joint venture operating on behalf of its three shareholders: Royal Dutch Shell with 40 percent, and France ‘s […]

Irish Times: Petition opposing new Shell pipeline route wins support

By: Lorna Siggins, Marine Correspondent Published: Sep 11, 2006 Residents of the north Mayo community of Glengad have expressed support for their Rossport neighbours with a new petition expressing opposition to the onshore gas pipeline. However, Shell E&P Ireland has said the petition may be based on “misinformation”. Shell is due to unveil plans for […]

Bangkok Post: Shell and Petronas vie for Jet stations as Conoco pulls out

SOONRUTH BUNYAMANEE Shell and Petronas are interested in acquiring the Jet petrol stations operated by Conoco (Thailand) Co. The US-based oil company has decided to withdraw from Thailand after failing to break even after 15 years. The firm has quietly approached several oil companies operating locally, including PTT Plc, about selling its 147 petrol stations […]

The Moscow Times: Exxon Warns Russia Over Sakhalin Spat

EXTRACT: Weeks of pressure by Moscow on the rival Sakhalin-2, led by Royal Dutch Shell, culminated Tuesday with the country’s environmental watchdog saying it had asked a court to recognize that the scheme did not comply with ecological rules. Work will have to stop at that project if the suit is successful. THE ARTICLE Monday, September […]