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Posts on ‘October 4th, 2006’

Reuters: Russia tells Dutch will start talks with Shell soon

Wed Oct 4, 2006 2:09pm ET AMSTERDAM, Oct 4 (Reuters) – Two Russian ministries assured Dutch Economy Minister Joop Wijn on Wednesday that Moscow will soon start talks with Shell (RDSa.L: Quote, Profile, Research) to try to resolve the crisis over the Sakhalin-2 project, Wijn’s spokesman said. Russian Deputy Energy Minister Andrei Reus and Economy […]

Associated Press: Militants say 9 dead in attacks in Nigerian oil-rich southern delta

Wednesday October 04, 2006 By DAN UDOH Associated Press Writer PORT HARCOURT, Nigeria (AP) Militants battled security forces in Nigeria’s oil-rich southern delta Wednesday after armed men attacked a oil company convoy and a pumping station, officials said. Militants said in an e-mail that nine people were killed in fighting with government forces in fighting […] Oil Rebounds As Fighting Flares In Nigeria

8:38 am, Thursday 05 Oct 2006    Oil prices have rebounded after fighting between rebels and government troops in oil exporting country Nigeria. U.S. crude rose 73 cents to $US59.41 a barrel, after falling to an 8-month low of $US57.75. London Brent rose 79 cents to $US59.22. Nigerian rebels and troops were engaged in a […]

RIA Novosti: Environmental violations on Sakhalin

18:34 | 04/ 10/ 2006 YUZHNO-SAKHALINSK-MOSCOW. (RIA Novosti commentator Tatyana Sinitsyna) “I have seen so many gas and oil pipelines in different countries, but I have never witnessed the construction methods used by the Sakhalin Energy company in Russia,” said Deputy Director of Russia’s Federal Service for Environmental Supervision (FSES or Rosprirodnadzor in Russian abbreviation) […]

Reuters: At least 5 foreign oil workers abducted today in Nigeria

Wednesday October 4, 2006 By Tom Ashby   LAGOS – Suspected militants invaded a residential compound for foreign oil workers in Nigeria today, killing two guards and kidnapping at least five expatriates, oil industry sources said.   The workers — including three Britons and two Malaysians — were taken from the compound in Eket, close […]

Radio Free Europe : CIS: Region’s IPOs Attracting Interest Despite Sakhalin Dispute

(Former Tukos CEO, Mikhail Khodorkovsky, in the frame.) LONDON, October 4, 2006 (RFE/RL) — Companies from all over the world head to the London Stock Exchange when they need to attract international investment and raise development capital. Firms from Russia and elsewhere in the CIS are among the latest to head to London to launch […]

Arkansas Democrat-Gazette: Shell chief: …Shell is proud of the job it’s done in Nigeria

Headline: Finding resources key BY BILL W. HORNADAY Posted on Wednesday, October 4, 2006 As president of Shell Oil Co., John Hofmeister is a natural target for some of the most oftenasked questions in the energy industry: Why are fuel pump prices so up or down ? And how is the oil industry spending some […] 16 hostages freed in Nigeria

04/10/2006 14:52  – (SA)   Lagos – Niger Delta militants on Wednesday released 16 remaining oil employees of a sub-contractor to Anglo-Dutch oil giant, Shell, two days after kidnapping a group of workers, said an industry spokesperson. According to the spokesperson: “I can confirm that the remaining hostages were released this morning. They were 24 or […]

Reuters: UPDATE 2-Kremlin says not trying to oust foreign oil majors

Wed Oct 4, 2006 8:59 AM ET (adds quotes, Gazprom on Sakhalin-2, Exxon Sakhalin-1 loading) By Elif Kaban MOSCOW, Oct 4 (Reuters) – Russia is not seeking to oust foreign oil majors operating big production-sharing agreements (PSAs), but will not agree to massive cost overruns at these projects, a Kremlin official said on Wednesday. Arkady […]

Reuters: Shell says all abducted staff in Nigeria released

04 Oct 2006 10:05:42 GMT Source: Reuters LONDON, Oct 4 (Reuters) – All Royal Dutch Shell workers kidnapped in Nigeria this week have been freed by their captors, a company spokeswoman said on Wednesday. Attackers abducted about 25 Nigerian staff of a Shell contractor on Monday following a raid on a convoy of boats supplying […]

Bloomberg: Eni’s Kazakh Project, Cornerstone of Growth, Delayed (Update1)

By Eduard Gismatullin and Nariman Gizitdinov Oct. 4 (Bloomberg) — Eni SpA and partners in the Kashagan oil field in Kazakhstan, the biggest discovery in three decades, risk years of delays because of design changes and extra costs. The $29 billion project will miss its target of pumping oil in 2008 and the development will […]

Bloomberg: Japan Aims to Beat Shell, Sasol With GTL Technology (Update1)

By Megumi Yamanaka Oct. 4 (Bloomberg) — Inpex Holdings Inc. and five other Japanese companies are joining to develop gas-to-liquids technology, aiming to cut plant building costs and enabling them to beat GTL front-runners Royal Dutch Shell Plc and Sasol Ltd. The Japanese companies will build a demonstration plant and develop gas-to-liquids capability by the […]

Bloomberg: ConocoPhillips May Join Shell to Explore Kazakh Oil Field

By Nariman Gizitdinov and Eduard Gismatullin Oct. 4 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, is in talks with the Kazakh government about joining an offshore exploration project in the Caspian Sea that is already being sought by Royal Dutch Shell Plc. The two companies are seeking stakes in the Nursultan oil fields, which […]

Associated Press: Kremlin Turns Up Heat on Shell Project

Oct. 4, 2006, 5:13AM © 2006 The Associated Press MOSCOW — The Kremlin turned up the pressure on a giant Shell-lead energy project Wednesday after a top economic adviser to the president said Russia would never accept a doubling of its costs, the Interfax news agency reported. “It was clear that the Russian side would […]

Bloomberg: Russia to Reject Shell Sakhalin Budget Request (Update1)

By Lucian Kim Oct. 4 (Bloomberg) — The Russian government won’t approve Royal Dutch Shell Plc’s request to increase the budget for its Sakhalin-2 oil and gas venture, which has been threatened with delays amid calls for a greater local role in the country’s biggest foreign-run energy project. Shell’s request to double to $20 billion […]

Reuters: Sakhalin II $20 billion cost overrun

MOSCOW, Oct 4 (Reuters) – Russia is not seeking to oust foreign oil majors operating big production sharing deals, but will not agree to massive cost overruns at these projects, a Kremlin official said on Wednesday. Arkady Dvorkovich, head of the Kremlin’s economic research department, said the state was particularly concerned by Royal Dutch Shell’s […]

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