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Posts on ‘September 29th, 2006’

Daily Yomiuri: Russia’s economic roulette: Gazprom wants more than 50% of Sakhalin II

Saturday 30 September 2006 Yoshikuni Sugiyama The government compiled in May an energy policy outline titled “New National Energy Strategy,” with the aim of increasing its ratio of independent oil development. However, its plan has already taken a battering thanks to a unilateral Russian ruling. The Russian Natural Resources Ministry has decided to cancel the […]

Banking Business Review: French loyalty cards: S’Miles better for Shell

28th September 2006 By Anne Marie Davis Groupe Caisse d’Epargne has joined Shell in S’Miles, a major syndicated retail loyalty card scheme in France. The French retail bank will represent a welcome addition to the scheme for Shell, increasing the number of card touch points for its customers in a market where an independent loyalty […]

Inter Press Service: Sakhalin II brings prostitution, human trafficking, poverty, HIV/AIDS…

Headline: Social Setbacks as Big Oil Expands Pipelines Emad Mekay WASHINGTON, Sep 29 (IPS) – Predominantly foreign male workers who relocated to build massive oil and gas projects, combined with feeble gender policies, have brought  and greater burdens for local communities around those projects, new research finds. This array of problems was found at two […]

The Idaho Observer: Ruthless Exploiters, Inc.: A little poverty never hurt anybody

SEPTEMBER 2006 EXTRACT: According to an article written for Amnesty International: “It’s 10 years since the Nigerian Government executed the well-known Ogoni writer and human rights campaigner Ken Saro-Wiwa. But little has changed for the people of the Niger Delta, reports Seth Jordan… “…Oil was discovered in the Ogoni region in the late 1950s by […] hardly surprising Putin is questioning the viability of Sakhalin II

29 September 2006 Expert comments on the Sakhalin II situation by a Shell Insider… The costs of Sakhalin have doubled, so the payback time is approximately doubled. If 2013 is the new estimate for breakeven, based on a start up in 2008 and $22bn costs, then it is fair to assume that the date should […]

The Russia Journal: Sakhalin Energy violated pipeline route plan – ecology watchdog

Posted By Newsroom On 29th September 2006 @ 10:15 In Home, Economy, Companies, YUZHNO-SAKHALINSK – A stretch of a pipeline in the Sakhalin II energy project has been illegally laid through the territory of a national preserve, Russia’s environmental watchdog said Friday. Oleg Mitvol, the deputy head of the Federal Service for the Oversight of […]

Bloomberg: Chevron’s Gorgon Venture Design Work to Finish in `Few’ Months

By Angela Macdonald-Smith Sept. 29 (Bloomberg) — Chevron Corp. said design work on the $10.4 billion Gorgon liquefied natural gas venture, which has been delayed, is due for completion in the “next few months” in advance of an investment decision in 2007. The number of contractors working on the project is set to fall over […]

RosBusinessConsulting: Sakhalin Energy may face criminal charges

RBC, 29.09.2006, Yuzhno-Sakhalinsk 13:35:26. Sakhalin Energy illegally changed the route of its oil and gas pipelines to pass through a state wildlife reserve, Oleg Mitvol, the deputy chief of the Russian environmental watchdog Rosprirodnadzor, told journalists following his trip to inspect Sakhalin-2 project construction sites. He said that according to the project’s plan, the pipelines […]

Expansion Management: Shell To Make Major Expansion Project in Singapore

SINGAPORE (September 29, 2006) — World-scale petrochemical facility will be a major provider of raw materials in Asia.   Singapore’s petrochemicals industry has attracted one of its biggest construction projects to date from international chemicals and energy giant, Royal Dutch Shell plc. In late July, Shell, which enjoys a local presence dating back to the 19th […]

Globe & Mail: Halt urged for Shell project in Russia

Minister denies environmental complaints are a ruse to obtain a stake in Sakhalin ALEX NICHOLSON Associated Press MOSCOW — Russia’s environmental watchdog has called for pipe-laying work to be halted at a Royal Dutch Shell PLC-led liquefied natural gas project on Russia’s far eastern Sakhalin Island, even as the country’s Foreign Minister says problems could […]

The Russia Journal: Battle continues over Sakhalin-2

September 29, 2006 YUZHNO-SAKHALINSK – Using oil pipelines within the framework of the Sakhalin-2 project could lead to an environmental disaster, Oleg Mitvol, Deputy Director of Russia’s Federal Service for Environmental Supervision (Rosprirodnadzor), said on Thursday after inspecting the construction of gas and oil pipelines near the Sovetskoye village. He said Rosprirodnadzor would send the […]

St Petersburg Times: Shelling Out For the Environment

Issue #1208(74), Friday, September 29, 2006 Bloomberg: YUZHNO-SAKHALINSK — Royal Dutch Shell Plc’s Sakhalin-2 oil and gas project should stop building pipelines and resolve the environmental damage it has caused, said Oleg Mitvol, deputy head of Russia’s environmental inspectorate.”We will do everything to make the company stop work and pay for the environmental damage,” Mitvol, […]

RIA Novosti: Sakhalin Energy violated pipeline route plan – ecology watchdog

11:36 | 29/ 09/ 2006  YUZHNO-SAKHALINSK, September 29 (RIA Novosti) – A stretch of a pipeline in the Sakhalin II energy project has been illegally laid through the territory of a national preserve, Russia’s environmental watchdog said Friday. Oleg Mitvol, the deputy head of the Federal Service for the Oversight of Natural Resources, who is […]

Lloyds List: Shell Marine sets out to syphon away fuel supply and quality risks

By: Concern over security issues, writes Jamie Dale in Singapore, Lloyds List Published: Sep 29, 2006 SHELL Marine Products is paving the way to ease shipowners’ risk in a market thought to have an overcapacity of vessels in trade today, raising concerns over fuel supply security. With financing made easier, thanks to low interest rates […]

The Scotsman: Russia targets Shell over environmental damage

Friday 29 September 2006 A RUSSIAN official stepped up attacks on Shell’s vast $20 billion Sakhalin energy project in Russia’s far east, saying Moscow wanted damages for every destroyed tree or damaged river.

The Wall Street Journal: Oil News Roundup: September 28, 2006 5:05 p.m.

THE WALL STREET JOURNAL ONLINE September 28, 2006 5:05 p.m. Crude-oil futures continued their recent volatile trade, rising as high as $64 a barrel on the New York Mercantile Exchange before falling below $63 after OPEC officials quashed speculation the group was cutting production to tighten supply. Here is Thursday’s roundup of oil and energy […]

Dow Jones Newswires: Shell Exec Outlines Hope, Barriers In Enhanced Oil Methods

Shell Exec Outlines Hope, Barriers In Enhanced Oil Methods HOUSTON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is experimenting with techniques to boost recovery from older reserves by 10%, but the campaign poses new technological challenges for producers, Shell Vice President John Barry said Thursday.  Barry, speaking on a conference call with reporters, described three methods […]

Western People (Ireland): Poll shows strong support for Rossport Five

THE NUACHT RTE/TNS mrbi poll indicates strong support for the Rossport Five and for locating the Corrib Gas terminal at sea. Six in ten people felt the gas terminal should be located offshore with just one quarter supporting the existing Bellanaboy option, RTE Nuacht reveals this morning (Tue). The offshore alternative has strongest support among […]

The Independent: Russia says Shell facing $50bn Sakhalin bill

By Andrew Osborn in Moscow Published: 29 September 2006 Shell is facing growing uncertainty over the future of its Russian Sakhalin-2 oil and gas project after a senior official yesterday called for construction work to be halted over “barbaric” damage to the environment which he claimed it would cost $50bn (£27bn) to put right. The […]

The Charleston Gazette: Pensions: Tainted investments

September 29, 2006  EARLIER this year, West Virginia’s Investment Management Board rebuffed questions about its holdings in regions linked to terror and genocide. The state’s pension investment fund is legally bound to make money and nothing else, board members said. But if California can stop investing in companies that deal with nations that sponsor terrorism […]

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