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Posts on ‘September 27th, 2006’

The Moscow Times: Oil Showdown on Sakhalin Island

Thursday, September 28, 2006. Issue 3507. Page 1. By Miriam Elder Staff Writer YUZHNO-SAKHALINSK — Foreign oil majors and state officials squared off on Sakhalin Island on Wednesday, with Shell and ExxonMobil insisting that work on the island’s prized oil and gas fields was continuing as usual despite increasing state pressure on the multibillion-dollar projects. […]

International Herald Tribune: Putin warns oil concerns

Agence France-Presse, The Associated Press Published: September 27, 2006 SOCHI, Russia President Vladimir Putin of Russia warned Wednesday that the authorities would take action against “unconscientious” oil and gas companies that failed to fulfill their license obligations.   Putin made his remarks at a meeting with Yury Trutnev, the natural resources minister, amid tensions between […]

Forbes: New Problem At Sakhalin

Chris Noon, 09.27.06, 4:20 PM ET Russia on Wednesday threw a new roadblock in the way of the foreign companies trying to develop the Sakhalin-2 energy site in the eastern part of the country, charging Royal Dutch/Shell, Mitsui and Mitsubishi with violating worker safety rules. A week ago, a suddenly ecologically minded Kremlin revoked environmental […]

Delft University of Technology: TU Delft and Shell jointly invest in sustainable mobility

27 September 2006 From 10 October eight PhD candidates will start working in the joint Shell TU Delft research programme Sustainable Mobility. The research subjects vary from sustainable hydrogen production to traffic regulations models for reducing fine particle emissions. The programme is a four-year joint project, in which Shell will invest 3 million euro and […]

Voice of America: Russia Warns of Action Against Foreign Oil Investors who Violate Rules

  Vladimir Putin (file photo) By VOA News 27 September 2006 Russian President Vladimir Putin is warning that Russian authorities will take action against foreign oil companies that fail to meet environmental regulations and other licensing agreements. Mr. Putin spoke Wednesday in Sochi, at a regional conference of energy ministers from Black Sea countries. Last […]

Itar-Tass: Sakhalin Energy Co charters two giant oil tankers

27.09.2006, 13.43    YUZHNO-SAKHALINSK, September 27 (Itar-Tass) – The Sakhalin Energy Company (operator of the Sakhalin-2 project) has chartered on Wednesday two giant tankers of the Primorye Shipping Company to ship the petroleum obtained on the Sakhalin shelf. A corresponding agreement was signed at the international “Sakhalin Oil and Gas–2006” conference, which is currently under […]

Transcript of conversation today between President Putin and his Natural Resources Minister, Yury Trutnev

STATE FLAG OF THE RUSSIAN FEDERATION 27 September 2006 EXTRACT: VLADIMIR PUTIN: This information is essential for taking decisions. I hope that the ministry and the government will take these decisions, including with regard to those who are not working honestly or not fulfilling the licence agreement conditions. YURY TRUTNEV: This is precisely why we […]

Sydney Morning Herald: Russia’s reputation on line in oil row

Thursday September 28, 2006 RUSSIA’S threat to halt a $US22 billion ($29 billion) oil and gas project may damage the nation’s reputation among overseas investors, particularly because the process lacks transparency, a Japanese official said. The action against the Sakhalin-2 venture, owned by Royal Dutch Shell and Japan’s two biggest trading houses, was “one-sided”, Japan’s […]

Dow Jones Newswires: Putin Urges Move Vs Cos Breaching Licensing Deals

27 September 2006 / 16h18      MOSCOW (AP)–President Vladimir Putin Wednesday urged Russian officials to take measures against companies that violate licensing agreements, as regulators probe several Western oil corporations over environmental concerns and allegations that they failed to adhere to the terms of their deals. “I am counting on the (Natural Resources) Ministry and […]

RIA Novosti: Sakhalin-II off agenda as Putin meets natural resources minister

17:50 | 27/ 09/ 2006  SOCHI, September 27 (RIA Novosti) — A meeting between Russia’s president and the natural resources minister made no mentioning of the massive Sakhalin-II energy project, which has been suspended over environmental concerns. Minister Yury Trutnev warned Tuesday that the Royal Dutch Shell-led Sakhalin-II would be halted if no environmental guarantees […]

RosBusinessConsulting: ecological damage from Sakhalin-2 may exceed $50bn

Estimated damages from Sakhalin-2 project announced RBC, 27.09.2006, Moscow 16:37:57. The ecological damage from the Sakhalin-2 project may exceed $50bn, Deputy Head of Rosprirodnadzor Oleg Mitvol told journalists commenting on the statement made by the Vice President of Sakhalin Energy Igor Ignatiev that if the project was suspended direct losses would total $10bn. Mitvol noted […]

UPI: Kremlin defends its environmental record

September 27, 2006 Moscow is registering irritation that its putative environmental concern over a massive foreign-owned oil project is seen as a veil for nationalization. The government’s Natural Resources Ministry recently pulled an environmental permit of the Sakhalin-2 petroleum project, which is led by Royal Dutch Shell PLC. That move followed an unsuccessful effort by […]

Daily Telegraph: Database: Energy: Wednesday 27 September 2006

Energy • Protesters kept Royal Dutch Shell from resuming work on a gas terminal in western Ireland that has already been delayed by more than a year. • Royal Dutch Shell must fix environmental and safety problems for its $22bn Sakhalin-2 oil and gas project to continue, Russian Natural Resources Minister Yuri Trutnev said. • […]

Daily Telegraph: Shell given a reprieve in Russian oil row

By Tom Stevenson (Filed: 27/09/2006) Moscow has backed off from its campaign against Shell and other foreign oil companies after criticism from overseas governments. In an announcement designed to lower the temperature in a simmering dispute over Shell’s involvement in the Sakhalin-2 oil and gas project, natural resources minister Yuri Trutnev said work could proceed […]

Gulf-Times: BP may lose $18bn field, warns Russia: “foreign-led ventures have become anomalies in Russia”

Published: Wednesday, 27 September, 2006   The foreign-led ventures have become anomalies in Russia as President Vladimir Putin increases state control over the energy industry, say market watchers MOSCOW: BP Plc’s Russian venture, TNK-BP Holding, may lose its permit to develop the $18bn Kovykta natural-gas field in Siberia because of licence and environmental violations, Russian […]

Bloomberg: Shell, Japan Criticize Russia Over Sakhalin Threats (Update1)

By Christian Schmollinger and Lucian Kim Sept. 27 (Bloomberg) — Royal Dutch Shell Plc and Japan’s ambassador criticized Russia’s threat to halt the $22 billion Sakhalin-2 oil and gas project, citing “abnormal” and “one- sided” demands. The action against Sakhalin-2 may harm investors’ perceptions of Russia, Yasuo Saito, Japan’s ambassador to Russia, told the Sakhalin […]

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