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Posts on ‘September 23rd, 2006’

Sunday Telegraph: BP and Shell need help

Business comment By Dan Roberts, Business Editor (Filed: 24/09/2006) My colleague Robert Watts shows how the DTI could be dismantled relatively painlessly elsewhere, but one function that urgently needs to be reinvented is a Department for Energy. Proper government support for business should be about creating an internationally competitive environment, and there is no more […]

The Business Online: Royal Dutch Shell hit as Kremlin cans agreement

By Leia Parker Dow Jones Newswires Sunday 24 September 2006   THE Kremlin and NGOs make strange bedfellows. But this new pairing suggests life is going to get tougher for Western oil companies in Russia as Gazprom’s grasp over the Russian energy sector tightens. The Ministry of Natural Resources yanked a key environmental permit on […]

UpstreamOnline: Changing rules on Sakhalin…

Is the Kremlin’s environmental blocking move a concealed attempt to shift the tax goalposts? BY VLADIMIR AFANASIEV Moscow   THE onslaught by Russia’s Natural Resources Ministry and technical compliance watchdog Ros-tekhnadzor that threatens to derail the second phase of the Shell-led Sakhalin 2 project may have an environmental guise — but all the signs are […]

UpstreamOnline: Two-edge sword of resource nationalism

THERE is little doubt that “resource nationalism” as a state ideology is on a roll, whether in Bolivia, Chad or Russia. It offers local politicians a high-profile way of courting popularity and in theory offers a burst of wealth and economic independence. What could be a more welcoming sight to impoverished Latin American peasants than […] Shell’s Threat to Re-start Work in Mayo

Saturday September 23, 2006 By Terry – [email protected] Latest news from Erris: New police presence, Shell misinformation on technical difficulties of refining Corrib gas at sea, new Shell boss announces attempt to resume work next week. A number of grilled paddy wagons were seen patrolling the highways and by-ways of northwest Mayo between Crossmolina and […]

UpstreamOnline: Shell-led Sakhalin II: Pipeline work ‘wreaked environmental damage’

RUSSIAN pipeline contractor Starstroi, a joint venture between the country’s Lukoil- Neftegazstroi and Italy’s Saipem, has denied that it inflicted irreparable damage to the environment of Sakhalin Island during building of onshore oil and gas pipelines for the Shell-led Sakhalin 2 development, writes Vladimir Afanasiev. According to a September report from Russia’s technical compliance watchdog […]

Petroleum News: Exxon raises stakes in Russia standoff

Several projects impacted in battle between Western majors, Russian government, including Sakhalin 1 and 2, Kharyaga and Kovykta The Associated Press Exxon Mobil Corp. said Sept. 21 that the cost of Sakhalin-1 oil project it is leading has increased by 30 percent, an announcement that could raise the stakes in a growing industry standoff with […]

Petroleum News: Shell stopped Chukchi operations Sept. 19

Shell has said that it has no interest in the lawsuit filed by ConocoPhillips over the 120-decibel monitoring zone for bowhead whale cow/calf pairs. “We do not think it’s in Shell’s interests to pursue litigation,” Rick Fox, Shell’s asset manager for Alaska, told Petroleum News on Sept. 20. Fox said that the company instead ended […]

Petroleum News: Chukchi Sea seismic a go: Temporary injunction granted on Conoco lawsuit

Temporary injunction granted on need for 120-dB monitoring zone in Conoco lawsuit Alan Bailey When ConocoPhillips, Shell and GX Technologies embarked on their summer 2006 seismic programs in the Chukchi and Beaufort seas it seemed that the various stakeholders in the Arctic offshore environment had reached acceptable agreements on the issues relating to the potential […]

UpstreamOnline: Shell and BP build for future

TWO oil and gas supermajors have cut the ribbon on ambitious campus expansions in Houston to house their growing exploration & production businesses, writes Blake Wright. BP has launched a major three-phase growth at its Westlake complex in west Houston designed to accommodate an employee and contractor population that could grow by 2000 to about […]

UpstreamOnline: France monitoring Total in Russia

By Upstream staff France is following closely the status of French oil company Total in Russia, a spokesman for French President Jacques Chirac said. “The situation with Total is that we are looking at things with vigilance with the concern that French investments should enjoy all necessary legal security,” Chirac’s spokesman told reporters at a […]

UpstreamOnline: Sakhalin 2 hit by broadside

(with corrected headline) Building work is carrying on for Phase 2 despite ministry ruling VLADIMIR AFANASIEV Moscow   SHELL-led Sakhalin Energy is refusing to halt construction work on Phase 2 of its operated Sakhalin 2 oil and gas development project off Sakhalin Island in Russia’s far east until it receives a legally binding copy of […]

UpstreamOnline: Investor demands Western Oil Sands sale

By Upstream staff A major shareholder of Canada’s Western Oil Sands has urged the company’s management and directors to consider the sale of the company. “As a meaningful shareholder, we are officially requesting that management and the board of directors hire an advisor to seek alternatives to maximise shareholder value, and announce this to the […]

UpstreamOnline: Sakhalin 2: Building work is carrying on for Phase 2 despite ministry ruling

VLADIMIR AFANASIEV Moscow   SHELL-led Sakhalin Energy is refusing to halt construction work on Phase 2 of its operated Sakhalin 2 oil and gas development project off Sakhalin Island in Russia’s far east until it receives a legally binding copy of the Natural Resources Ministry’s order that it does so, according to a Sakhalin Energy […]

The Washington Post: Putin moves to reassure West on EADS, energy

By James Mackenzie and Christian Lowe Reuters Saturday, September 23, 2006; 11:22 AM COMPIEGNE, France (Reuters) – Russia sought to reassure France and Germany on Saturday on its plans for Airbus parent EADS and held out the prospect of more gas for Europe to ease fears over Moscow’s leverage of its growing economic clout. Putin’s […]

Houston Chronicle: Russia grabs oil field: Government takes offshore area from Exxon Mobil

By ALEX NICHOLSON Associated Press MOSCOW – An offshore oil field originally claimed by Exxon Mobil Corp. has been given to state-controlled oil giant Rosneft, a Russian government official said Friday. The Kremlin, which appears to be seeking a greater stake in the country’s natural resources at a time of high prices, has dealt a […]

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