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Posts on ‘September 22nd, 2006’

International Herald Tribune: U.S. says Russian actions against Shell’s projects violate summit commitments to G-8

The Associated Press Published: September 22, 2006   WASHINGTON The United States is very concerned by recent Russian government actions threatening the revocation of permits granted to Royal Dutch Shell PLC for oil and gas projects, the State Department said Friday.   Spokesman Tom Casey said the actions cast doubt on Russian commitments, including those […]

Dow Jones Newswires: U.S. Raps Russia for Obstructing Shell

Published: September 22, 2006 2:45 PM   WASHINGTON (AP)–The U.S. is very concerned by recent Russian government actions threatening the revocation of permits granted to Royal Dutch Shell PLC (RDSA) for oil and gas projects, the State Department said Friday. Spokesman Tom Casey said the actions cast doubt on Russian commitments, including those made at the […]

Reuters: US says “very concerned” by Russian steps on Shell

Fri Sep 22, 2006 6:24 PM BST WASHINGTON (Reuters) – The U.S. State Department said on Friday it was “very concerned” by Russia’s threat to revoke the environmental permit at Royal Dutch Shell’s Sakhalin-2 oil and gas filed project. “The United States is very concerned by recent Russian government action threatening the revocation of Shell’s […]

The Australian: Sakhalin row risk to energy alliance

David Pilling, Tokyo Saturday September 23, 2006 RUSSIA’S withdrawal of a permit for the $US20 billion ($26billion) Sakhalin-2 liquefied natural gas project could be a “massive blow” to Tokyo’s plans to secure a strategic energy partnership with Russia, a senior Japanese official said. The official, who did not want to be identified, said: “If this […]

Bloomberg: Russian Ministry Renews Attempt to Annul Shell Permit (Update3)

By Garfield Reynolds and Torrey Clark Sept. 22 (Bloomberg) — Russia’s Natural Resources Ministry resubmitted a request to revoke Royal Dutch Shell Plc’s license for its Sakhalin-2 oil and gas project, maintaining a government threat to halt construction work at the $20 billion venture. Rostekhnadzor, the federal industrial safety service, said today it wasn’t authorized […]

Financial Times: On London: Tough times for resource stocks

By Chris Brown-Humes Published: September 22 2006 18:09 | Last updated: September 22 2006 18:17 Times are tough for the bulls on oil and commodity stocks. The sharp falls in oil prices since July have coincided with fresh bouts of troubles for sector heayweights BP and Shell. That has raised doubts about one of the […]

Bloomberg: Shell Faces Sakhalin Grab; Putin Seeks Energy Control (Update1)

By Lucian Kim and Garfield Reynolds Sept. 22 (Bloomberg) — First Russian President Vladimir Putin attacked OAO Yukos Oil Co. Now it’s Royal Dutch Shell Plc. This week’s threat to shut down Shell’s $20 billion Sakhalin Island project, the country’s biggest foreign investment, is another maneuver to force companies in Russia to share more profits […]

Reuters: Dutch PM wants answers on Sakhalin

Fri Sep 22, 2006 2:21 PM BST  By Tom Miles MOSCOW (Reuters) – Dutch Prime Minister Jan Peter Balkenende phoned Russian President Vladimir Putin late on Thursday to demand an explanation for Russia’s tough line on a project run by British-Dutch major Royal Dutch Shell (RDSa.L: Quote, Profile, Research). Russia withdrew ecological permits for Shell’s […]

Daily Mail: Shell’s Russia row reaches United Nations

Margaret Beckett By Sam Fleming Friday 22 September 2006 THE crisis over Royal Dutch Shell’s Sakhalin-2 oil and gas project has erupted into a diplomatic row between Britain and Russia. Foreign Secretary Margaret Beckett challenged her counterpart Sergei Lavrov over the issue at the United Nations in New York, it emerged yesterday. The UK is […]

This is Money: Shell buys into Chinese lubricants firm

22 September 2006 Energy giant Royal Dutch Shell secured third spot in the world’s fastest growing consumer market for lubricating oils today. Shell bolstered its position in China by acquiring 75% of Tongyi, which sells lubricants for cars, motorcycles, trucks and industrial customers through a network of 2,000 distributors and 90,000 retailers. The move for […]

The Scotsman: S.Korea in talks for extra LNG if Sakhalin delayed

By Moon Hae-won Fri 22 Sep 2006 SEOUL (Reuters) – South Korea’s dominant liquefied natural gas importer is in talks to secure alternate supplies in case its shipments from Royal Dutch Shell’s $20 billion (10.6 billion pound) Sakhalin LNG project are delayed, a company source said on Friday. Importers in Japan, which is counting on […]

Dow Jones Newswires: Russia Agency: Sakhalin Statement Was Released In Error

Friday September 22nd, 2006 / 14h45    MOSCOW -(Dow Jones)- A statement saying a government agency wouldn’t agree to cancel a key environmental permit for a $20 billion oil and gas project led by Royal Dutch Shell PLC (RDSA.LN) was mistakenly released and doesn’t reflect the agency’s position, a spokesman for the state body said […]

Dow Jones Newswires: Nigeria To Strip Shell Ogoni Oil License-Official

Friday September 22nd, 2006 / 14h13  By Arien Stuyt and Spencer Swartz Of DOW JONES NEWSWIRES AMSTERDAM -(Dow Jones)- The Nigerian government will revoke Royal Dutch Shell PLC’s (RDSB.LN) oil license in the country’s Ogoniland, although the timing hasn’t been officially set, a Nigerian oil official said Friday. “We are going to revoke Shell’s license […]

International Herald Tribune: Russian regulator denies report it refused to revoke Shell permit

Full headline: Russian regulator denies report saying it refused to revoke Shell permit at Far East project   The Associated Press Published: September 22, 2006   MOSCOW A Russian state regulator quickly refuted a report Friday claiming that it had refused to revoke a key environmental permit at a giant liquefied natural project controlled by […]

AFX News Limited: Russia Loses Millions in Deals with Western Oil Majors

Russia is losing hundreds of millions of dollars in potential revenues under deals signed with Western oil majors in the 1990s, a senior official said in an interview. Taxes from the Royal Dutch Shell-led Sakhalin-2 project in Russia’s far east “could amount to 300-400 mln usd” per year, Sergei Fyodorov of Russia’s ministry of natural […]

Reuters: UPDATE 1-Russia snubs Exxon field claim, chooses Rosneft

Fri Sep 22, 2006 4:29am ET MOSCOW, Sept 22 (Reuters) – Russia said on Friday it would snub claims by Exxon Mobil for a small field located near the U.S. oil major’s giant Sakhalin-1 project, as it will grant it to its state oil firm Rosneft. The move shows the Kremlin is keeping up pressure […]

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