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Posts on ‘September 26th, 2006’

Email to Jeroen van der Veer: the Sakhalin II crisis

Dear Mr Van der Veer Can I please press you to clear up the confusion over the projected cost of the Sakhalin II project? My father, Alfred Donovan, raised this vitally important issue in his email to you yesterday (Email to Jeroen van der Veer: Resolving the Sakhalin II impasse). It is imperative because the […]

Regnum – Moscow, Russia: Sakhalin Energy expects Oleg Mitvol’s check

On September 27-30, activists of ecological NGOs will visit Sakhalin region to assess the ecological situation in the region. Rosprirodnadzor (Russian federal environment protection agency) Deputy Head Oleg Mitvol will take part in the visit, REGNUM was informed at the ministry of natural resources. It is planned that helicopters with the delegation aboard will fly […]

RosBusinessConsulting: Federation Council to examine Sakhalin-2 project agreement

RBC, 26.09.2006, Moscow 18:27:59. The Russian Federation Council has instructed the concerned committees to clear up the situation surrounding the Sakhalin-2 project. Thus, the Federation council instructed the Committee for Economy, Business and Property and the Committee for Science, Culture, Education, Healthcare and Environment to work out the issue.  The Federation Council Chairman Sergei Mironov […]

Bloomberg: Russia Delays Shell Cancellation Threat to Oct. 20 (Update2)

By Torrey Clark Sept. 26 (Bloomberg) — Russia gave Royal Dutch Shell Plc almost a month to remedy violations at the $22 billion Sakhalin-2 oil and gas project, before the government decides whether to cancel a key permit for the development. Shell must respond to government requests for proposals on fixing environmental and safety problems, […]

The St. Petersburg Times: France Demands Total Support Over Oil License

Reuters 26 September 2006   PARIS — France hopes Russia will allow energy company Total to continue with its production sharing agreement in Western Siberia, Foreign Minister Philippe Douste-Blazy said on Sunday.The Vremya Novostei newspaper on Friday quoted a source close to Russia’s Natural Resources Ministry as saying that it was only a matter of […]

Reuters: Russia calls time-out in campaign against Shell

26 Sep 2006 16:14:19 GMT Source: Reuters By Elif Kaban and Gleb Bryanski MOSCOW, Sept 26 (Reuters) – Russia called a time-out on Tuesday in its campaign against environmental violations and cost overruns at Royal Dutch Shell’s Sakhalin-2 oil and gas project after strong criticism from foreign governments. In an announcement likely to ease tension, […]

BBC News: New deadline for Sakhalin project

26 Sept 2006 Russia has said it will delay halting Shell’s $20bn (£10.5bn) gas and oil project off of its Pacific coast while it conducts a new environmental study. Natural Resources Minister Yuri Trutnev said the probe may take up to a month. Russian authorities have threatened to revoke the project’s licence if concerns over […]

AFX News: EBRD delays decision on Sakhalin-2 while situation remains unclear

26 September 2006 LONDON (AFX) – The European Bank for Reconstruction and Development, which should have given its decision on financing for the Shell-led Sakhalin-2 oil and gas project this summer, said that it would delay its decision while the Russian legal position remained unclear. Current uncertainty over the project ‘does not allow the EBRD […]

Bloomberg: Russia Delays Shell Cancellation Threat to Oct. 20 (Update1)

By Torrey Clark Sept. 26 (Bloomberg) — Russia gave Royal Dutch Shell Plc almost a month to remedy violations at the $22 billion Sakhalin-2 oil and gas project, before the government decides whether to cancel a key permit for the development. Shell must respond to government requests for proposals on fixing environmental and safety problems, […]

The Houston Chronicle: Russian Auditors Query Shell Gas Project

By ALEX NICHOLSON AP Business Writer © 2006 The Associated Press 26 September 2006 MOSCOW — Russian authorities will try to avoid shutting down a Shell-led liquefied gas project off the eastern island of Sakhalin, the natural resources minister said Tuesday. But the minister, Yuri Trutnev, warned that the project was riddled with serious environmental […]

Reuters: Russian politicians emphasise Shell’s rights

Tue Sep 26, 2006 MOSCOW, Sept 26 (Reuters) – The speaker of Russia’s upper house of parliament and the governor of Sakhalin island on Tuesday emphasised the economic rights of the Shell-led (RDSa.L: Quote, Profile, Research) Sakhalin-2 project, which has been under fire from Moscow. Their comments offered encouragement to the oil and gas project […]

theage (Australia): Russian squeeze on Shell sparks UK response

Wednesday 27 September 2006 THE British Government has raised concerns with Russian President Vladimir Putin over last week’s withdrawal of Shell’s permit to develop the £10 billion ($A25 billion) Sakhalin-2 energy project, suggesting the move could spark a diplomatic row. Approval by the Russian Natural Resources Ministry for Shell’s liquefied natural gas project on Sakhalin Island, […]

International Herald Tribune: Russian minister: Decision on license for Shell-led Sakhalin project to be made within 1 month

The Associated Press Published: September 26, 2006   MOSCOW Russian authorities will try to avoid shutting down a Shell-led liquefied gas project off the far eastern island of Sakhalin, the natural resources minister said Tuesday.   But Yuri Trutnev warned that the project was riddled with serious environmental violations that need to be addressed so […]

UPI: Analysis: Western access to Russian field?

By STEFAN NICOLA UPI Correspondent BERLIN, Sept. 26 (UPI) — Russian President Vladimir Putin said Europe may be allowed to tap into one of Russia’s largest natural gas fields, an apparent move to soothe European concerns over energy security. In a meeting with German Chancellor Angela Merkel and French President Jacques Chirac near Paris, Putin […]

unison.ie: Protestors prevent resumption of work at Corrib site

13:48 Tuesday September 26th 2006  Up to 100 protestors have blocked the entrance to the site of the proposed Corrib gas terminal in Co Mayo this morning. The demonstrators prevented a group of construction workers from entering the land at Bellanaboy to resume work on the controversial facility. Despite requests from Gardai, they refused to […]

This Day (Lagos): Nigeria: Shell Battles Fire in Oil Well

September 26, 2006 Posted to the web September 26, 2006 Crusoe Osagie, Lagos Shell Petroleum Development Company of Nigeria (SPDC) yesterday stated that it was still battling to put out a fire ravaging its oil well in southern Rivers State, more than one month after. The fire on Yorla Well -13, located in Ogoni communities, […]

Bloomberg: Protesters Stop Shell Working on Irish Gas Terminal (Update1)

By Fergal O’Brien Sept. 26 (Bloomberg) — Protesters kept Royal Dutch Shell Plc, Europe’s second-largest oil company by market value, from resuming work on a gas terminal in western Ireland that’s already been delayed by more than a year. Workers couldn’t go onto the site today because of a protest, Susan Shannon, a spokeswoman for […]

thetidenews.com: Nigeria: FG, SPDC owe Oloibiri community – Chief Asara

Fyneface Aaron • Tuesday, Sep 26, 2006 The need to develop Oloibiri community in Ogbia Local Government Area of Bayelsa State is a debt that would continue to haunt successive Nigerian governments and the Shell Petroleum Development Company (SPDC). Special adviser to the Bayelsa State Governor on Political Matters, Chief Asara O. Asara, made the […]

Reuters: Shell says no official word yet on Sakhalin probe

Tue Sep 26, 2006 12:23 PM BST LONDON (Reuters) – Oil major Royal Dutch Shell has yet to receive official word of a full environmental probe of its $20 billion (10.5 billion pound) Sakhalin-2 project in Russia’s Far East and work is continuing, a Shell spokesman said on Tuesday. The head of Russia’s environmental agency […]

Mayo News: Shell move in to Bellanaboy

Tuesday, 26 September 2006  Áine Ryan   AFTER weeks of speculation, and an absence of over a year, Shell returned to work at the controversial Bellanaboy terminal site early yesterday (Tuesday) morning. A large gathering of protesters, from all over the county, was expected to assemble at the site from shortly after 5.30am. Gardaí confirmed […]

inthenews.co.uk: Environmental obligations ‘violated’ at Sakhalin

Tuesday, 26 Sep 2006   A number of environmental obligations were violated in the oil and natural gas development project off Sakhalin island, according to the Russian foreign minister. Sergei Lavrov said British-Dutch Shell and Japanese firms Mitsui and Mitsubishi caused erosion and problems in wastewater treatment at the Sakhalin-2 project. The Russian natural resources […]

UpstreamOnline: Protestors blockade Royal Dutch Shell Corrib site

By Upstream staff A group of 100 protestors has blocked the entrance to the site of the proposed onshore Corrib gas pipeline terminal at Bellanaboy, County Mayo, Irish media has reported. State broadcaster RTE said the protestors prevented a group of construction workers from entering the site to resume work after an absence of a […]

RIA Novosti: Upper chamber to consider situation around Sakhalin II

14:32 | 26/ 09/ 2006  MOSCOW, September 26 (RIA Novosti) – Russia’s upper chamber of parliament ordered its committees Tuesday to examine the situation around the massive Sakhalin II energy project, off the country’s Pacific coast. Environmentalists have consistently raised concerns over Sakhalin II, and the Ministry of Natural Resources annulled its approval of a […]

UpstreamOnline: Shell eyes Turkish pipe deal

26 September 2006 By Upstream staff Anglo-Dutch supermajor Shell has signed a deal with Turkey’s Calik Energy and Italy’s Eni on its possible participation in a key Turkish oil pipeline project, it said today. The pipeline will carry oil between the Black Sea town of Samsun and the Turkish Mediterranean port of Ceyhan, bypassing the […]

Daily Mail: Pump price war as crude slumps

Sam Fleming, 26 September 2006 A price war erupted at petrol pumps and energy shares tumbled after the cost of oil plunged to a seven-month low.  News of the early restoration of output at Alaska’s biggest field and hopes that sanctions against Iran will be avoided, sparked the tumble. Oil has slumped by more than […]

UpstreamOnline: West ‘overreacted’ to Kremlin moves

By Upstream staff 26 September 2006 Western governments have overreacted to Russian concerns about a massive foreign energy project here because the legal basis for the development is not under question, a Kremlin source said today. Moves by Moscow to strip the massive Shell-led Sakhalin 2 oil and gas project of its environmental permits and […]

The Daily Telegraph: Database: Tuesday 26 September 2006

(Filed: 26/09/2006) Legal • BP’s Russian venture OAO TNK-BP was warned by prosecutors it could lose its permit to develop the $18bn Kovykta natural-gas field in Siberia over licence and environmental violations. Energy • The UK energy regulator proposes to allow the country’s natural-gas network operators to raise transportation charges by 9.7pc because of higher […]

Daily Telegraph: Add oil, and a price dip is suddenly a slippery slope

EXTRACT: Since the end of July, the share price of Royal Dutch Shell has slumped by 11pc… THE ARTICLE (Filed: 26/09/2006) As prices plunge to their lowest levels in months, the effects are being felt well beyond the trading floors, writes Tom Stevenson Oil prices tumble over fears of US recession If you were looking […]

Bloomberg: Schwarzenegger Signs Bill Banning Pension Fund Money in Sudan

By Michael B. Marois Sept. 25 (Bloomberg) — California Governor Arnold Schwarzenegger signed a law banning the state’s two public pension funds, with $350 billion in assets, from investing in companies that do business in Sudan. The law prohibits the California Public Employees’ Retirement System, the largest U.S. public pension fund, the California State Teachers’ […]

BBC News: Russia’s Sakhalin stance queried

Russia is under growing international pressure to explain its stance on the Sakhalin-2 energy project amid a political row about its development. Russian officials have launched a full environmental review of the $20bn oil and gas scheme led by Shell, having withdrawn a key permit this month. British, Dutch, Japanese and US officials have raised […]

The Wall Street Journal: Oil News Roundup: September 25, 2006 5:27 p.m.

THE WALL STREET JOURNAL ONLINE September 25, 2006 5:27 p.m. After falling below $60 in early trading, crude-oil futures rebounded sharply, settling at $61.45 a barrel on the New York Mercantile Exchange, after the head of OPEC suggested the cartel could cut production to put a floor under prices, which have tumbled 20% since a […]

The St. Petersburg Times: France Demands Total Support Over Oil License

Reuters   PARIS — France hopes Russia will allow energy company Total to continue with its production sharing agreement in Western Siberia, Foreign Minister Philippe Douste-Blazy said on Sunday.The Vremya Novostei newspaper on Friday quoted a source close to Russia’s Natural Resources Ministry as saying that it was only a matter of time before Total’s […]

The Jakarta Post: When Pertamina no longer holds monopoly

A. Hamzah, Contributor, Jakarta “Pertamina calls on you to become a Pertamina gas station owner as a token of participation in national development.” You may be puzzled by this call, which can be found on Pertamina’s website. Why does an oil company of Pertamina’s class link the retail gasoline business with nationalism when the government […]

SAN FRANCISCO CHRONICLE: Chavez putting up a fight to get even bigger stake in oil Venezuela’s rich reserves give it bargaining power

By ROBERT COLLIER Tuesday, September 26, 2006 El 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 […]