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Posts on ‘September 25th, 2006’

The Guardian: Russia gives out mixed messages to Shell and BP

Terry Macalister and Tom Parfitt Tuesday September 26, 2006 Western oil companies were in confusion about the investment climate in Russia last night after the government appeared to soften its position with Shell but opened a new line of attack against BP. Yuri Trutnev, natural resources minister, said there would be a full inquiry into […]

Financial Times: Moscow reassures Shell over Sakhalin

By Arkady Ostrovsky in Moscow Published: September 26 2006 01:38 | Last updated: September 26 2006 01:38 Russia had no intention of removing an operating licence from Royal Dutch Shell for Sakhalin 2, the world’s largest energy project, its minister of natural resources said yesterday. Yuri Trutnev confirmed his ministry was planning to conduct a […]

The Moscow Times: The Time Has Come to Renegotiate PSAs

Tuesday, September 26, 2006. Page 10. By Konstantin Sonin   Two leading financial newspapers, the Financial Times and The Economist, wrote last week that the “environmental attack” on Shell, the main stakeholder in the Sakhalin-2 project, had been brought about by Russia’s desire to bring foreigners to the negotiating table. This was a logical conclusion. […]

RIA Novosti: Prosecutors threaten BP venture with Siberia license revocation – 1

25/09/2006 21:11 (Recasts paragraph 2, adds paragraphs 4-9) MOSCOW, September 25 (RIA Novosti) – Russian prosecutors issued a warning Monday that a BP joint venture operating in East Siberia could have its license revoked if it fails to address environmental protection and other problems. The Prosecutor General’s Office said Rusia Petroleum [RTS: PTRL], majority owned […]

Reuters: Shell JV Deer Park refinery slows de-coking ops -state

Mon Sep 25, 2006 11:58am ET HOUSTON, Sept 25 (Reuters) Shell Oil Co.’s 334,000 barrel per day joint-venture refinery in Deer Park, Texas, slowed de-coking operations on Sunday, according to a notice filed Monday with the state pollution regulation agency. During de-coking operations, the coker released coke dust into the air, according to the notice […]

ShelltoSea.com: Corrib gas pipeline protest

Shell are threatening to start work at the Bellinaboy site, where they intend to build a giant refinery to process Corrib gas onshore. There are daily pickets at the entrance to the site, and local people are adamant that the work can not be started without their consent. In recent days there has been a […]

The Voice of Russia: RUSSIA SAYS THERE’S NO NEED TO POLITICIZE THE SITUATION

09/25/2006 Russia is strongly opposed to any politicization of economic issues that emerged during the implementation by foreign companies of the oil-and-gas project on Sakhalin Island, as Foreign Minister Sergei Lavrov said. He confirmed that Russia remained committed to its obligations and urged his country’s foreign partners to strictly observe the earlier reached agreements. He […]

Itar-Tass: Japan companies concerned over problems with Sakhalin-2 project

25.09.2006, 16.16    TOKYO, September 25 – The Japan Gas Association’s chief Akio Nomura has expressed concern over the situation around the oil and gas project Sakhalin-2 that has been suspended because of incompliance with ecological standards. A stop to the project would have serious consequences for Japan’s energy security, he told a news conference […]

Itar-Tass: WWF questions official version of mass death of fish off Sakhalin

25.09.2006, 15.30 MOSCOW, September 25 (Itar-Tass) — The World Wildlife Fund has dismissed as “not convincing” speculations the mass death of fish and animals washed ashore in the Sakhalin Island’s Aniva Bay late last week was due to a storm. “According to the Ecological Watch of Sakhalin there was no storm in the area on […]

MarketWatch: Shell Launches Website Designed to Educate Students About the World of Energy

Last Update: 11:39 AM ET Sep 25, 2006 HOUSTON, Sept 25, 2006 /PRNewswire via COMTEX/ — To encourage middle and high school students’ interest in math and science, while introducing them to the world of energy, Shell Oil Company is launching a new educational website, “Energizing Your Future with Shell” at http://www.shell.com/us/energizeyourfuture. In the energy […]

Bloomberg: Chevron, Los Alamos to Study U.S. Oil Shale Deposits (Update1)

By Stephen Voss Sept. 25 (Bloomberg) — Chevron Corp., the second-largest U.S. oil company, said it started a joint research project with the Los Alamos National Laboratory to study hydrocarbon reserves trapped in rock formations known as oil shales. Oil shales are sedimentary rocks that contain a high proportion of organic matter that can be […]

CNNMoney: Royal Dutch Shell ranks No. 3 on FORTUNE’s 2006 Global 500

September 25 2006 (Fortune) — Royal Dutch Shell (Charts) ranks no. 3 on FORTUNE’s Global 500 this year, with $306.7 billion in revenues, up 14.2% from the previous year. The Hague, Netherlands-based company was ranked no. 4 on the 2005 list. Its 2005 profits were $25.3 billion, up 39.2% from a year earlier. 2005 was […]

San Francisco Chronicle: Chavez drives a hard bargain, but Big Oil’s options are limited

Tigre, Venezuela — On the hot, shrub-covered plains around this dusty, dingy town, an odd courtship is being carried out between the world’s most prominent revolutionary and the world’s biggest oil companies. Just as there is no love between President Hugo Chavez and the Bush administration, there is little love lost between Chavez and the […]

Bloomberg: Nigeria May Revoke, Put Up for Bid, as Many as 10 Oil Licenses

By Julie Ziegler Sept. 25 (Bloomberg) — Nigeria, Africa’s biggest oil producer, may revoke as many as 10 oil licenses for the Niger delta region and put them up for bid as part of a plan to increase development in the impoverished region. Oil Minister Edmund Daukoru is reviewing recommendations to include 10 dormant oil […]