Royal Dutch Shell Plc  .com Rotating Header Image

October 7th, 2006:

Vedomosti: Eni subsidiary accused of environmental violations on Sakhalin

It has now become clear why Italian energy firm Eni was so alarmed by the environmental conflict around the Sakhalin 2 energy project in Russia’s Far East. One of its subsidiaries is a project contractor, and is accused of illegal deforestation by the Russian environmental authorities. The General Prosecutor’s Office will now look into the matter.

Eni had planned to sign an agreement on cooperation in Europe and an asset swap with Russian gas giant Gazprom on October 15. However, on Wednesday its CEO, Paolo Scaroni, said the deal could be postponed due to the pressure the Russian authorities were putting on Western energy companies. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Petroleum News: Canada, U.S. assert Arctic claims: not yet a Cold War but a decided chill is developing…

Both countries push ahead with plans to deploy military icebreakers to region as melting ice sets stage for pursuit of Arctic’s resources; Washington rejects Ottawa’s insistence that the Northwest Passage is an internal waterway

Gary Park
For Petroleum News
8 October 2006

It’s not yet a Cold War between Canada and the United States in the Arctic, but a decided chill is developing as both countries assert their right to sovereignty.

Both are pushing ahead with plans to build and deploy military icebreakers to the region as global warming and melting ice sets the stage for pursuit of the Arctic’s resource riches. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Petroleum News: Petro-Canada opts for caution: Neil Carmata on Shell Canada’s Athabasca cost overruns…

Won’t plunge into Fort Hills until it has a solid fix on budget; once you issue a price tag ‘you can’t wear an overrun’ says Carmata; cost estimate possible in early ’07, approval maybe in ’08

Gary Park
For Petroleum News
8 October 2006

One of the key strategic thinkers behind Petro-Canada’s plans to unlock the value of its 10 billion oil sands resource knows enough about the pain of dealing with project overruns to want no part of miscalculating the estimated cost of the integrated Fort Hills project. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Wall Street Journal: Oil News Roundup: week ending October 6, 2006

THE WALL STREET JOURNAL ONLINE
October 6, 2006 6:21 p.m.

Oil futures slid lower amid uncertainty over whether the Organization of Petroleum Exporting Countries will cut output to shore up prices. The front-month November crude-oil contract fell 27 cents to settle at $59.76 a barrel. Here is Friday’s roundup of oil and energy news.

OPEC PRODUCTION DEAL: OPEC’s president aims to secure a supply-cut deal by Monday that will remove about one million barrels a day of crude from oversupplied markets and brake oil’s rapid decline. After a drop of almost $20 in oil since mid-July, and brimming fuel stockpiles around the world, six of OPEC’s 11 members, including top exporter Saudi Arabia, have already made voluntary cutbacks, said OPEC President Edmund Daukoru. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

RIA Novosti: Sakhalin PSA gives Russia 10% max. share – Audit Chamber

20:00 | 06/ 10/ 2006 

MOSCOW, October 6 (RIA Novosti) – Russia will receive no more than 10% of hydrocarbon output under the Shell-led Sakhalin II project off Russia’s Pacific coast given the way the project has been implemented in 2005 and 2006, Russia’s financial watchdog said Friday.

Sakhalin II is being run under a 1994 product-sharing agreement by a consortium led by the Anglo-Dutch oil major, but has met with strong opposition from environmental groups and authorities. The Ministry of Natural Resources withdrew its own ecological approval for the project in September, jeopardizing crucial liquefied natural gas supplies slated for 2008. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Guardian: £21m ransom demand for oil workers kidnapped in Nigeria

David Pallister
Saturday October 7, 2006

Intense negotiations were continuing last night to secure the release of four British oil workers who were kidnapped by a gang of armed militants in southern Nigeria.

The men were among seven seized while drinking in a bar inside an Exxon Mobil residential compound in the town of Eket in Akwa Ibom state. Two security guards were killed. A Nigerian official confirmed there had been a ransom demand, believed to be for £21m.

A Foreign Office spokesman said contact had been made with one of the seven, who reportedly said he and his colleagues were “OK”. The spokesman would not reveal which agency in Nigeria made contact with the captives. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Irish Times: Corrib/Shell: Keeping up the pressure

Published: Oct 07, 2006

Despite clashes with gardaI, anti-pipeline protesters won’t give up, reports Lorna Siggins , Western Correspondent

Katie Melua would have aroused some interest if she had flown into north Co Mayo this week – and not for her distinctive singing. The 22-year-old set a new world concert record this week by performing some 303 metres below sea level on a Statoil gas rig.

Melua did undergo a medical and some training before her trip to Troll A in the North Sea. However, she was either unaware or unconcerned about the risks attached to such sea-based structures which Shell E&P Ireland has been keen to highlight over the past few weeks. Such a structure would have to be “almost as high as the Empire State building” if built for the Corrib field, Shell’s new Mayo-based deputy manager, Terry Nolan, said in Castlebar several weeks ago. Conceding that this related to height from the sea-bed at the well-head, his argument was quickly dismissed as “disingenuous” by the Shell to Sea campaign, which is seeking a shallow-water processing platform for the gas. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Japan loses out on massive Iranian oilfield amid fears of US sanctions

By Gareth Smyth in Tehran

Published: October 7 2006 03:00 | Last updated: October 7 2006 03:00

Japan’s Inpex announced yesterday it had lost the leading role in developing Iran’s huge Azadegan oilfield, with its share of the $2bn (€1.6bn, £1.1bn) project slashed from 75 to 10 per cent.

Talks had failed to overcome fears on both sides that an agreement first signed in 2004 would fall foul of international sanctions against Tehran being touted by the US, a close ally of Tokyo, over Iran’s nuclear programme. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Financial Times: Steady as she goes: 12. LINDA COOK Executive director, Shell Gas and Power

By Andrew Hill

Published: October 6 2006 10:45 | Last updated: October 6 2006 10:45

In-depth: Top 25 business women

How do women get to the top of the male-dominated corporate ladder? Differently from men, according to Anne Lauvergeon, chief executive of Areva, the world’s biggest nuclear energy company. Speaking at last year’s inaugural Women’s Forum – a conference aimed at giving greater voice to women’s views on economic, social and corporate issues – she described how men “return from lunch at 3pm, read L’Equipe [the French sports newspaper], chat in the corridors and then start this contest to be last to leave, to show how important they are. Women do it the other way round: it’s a race to get home by 8 or 8.30pm because the family is waiting.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

ThisDayOnline: Niger Delta: Shell Shut-in Another 9,000 Bpd

By Crusoe Osagie with agency Reports, 10.07.2006

Rising hostilities between soldiers of the Joint Military Task Force and militants in the Niger Delta has forced Shell to shut in another 9,000 barrel per day of oil production.

The closure of the Ekulama 1 flow station east of the Niger Delta was the first impact on oil output from a surge in violence in the eastern part of the Niger Delta this week, and adds to almost 500,000 bpd shut by Shell since February in the west of the region.

“We have shut in another 9,000 b/d as a result of this week’s attacks in the east. This brings to total, 27,000 barrels per day (of oil production) that is shut in at our eastern operation,” a company source told THISDAY yesterday. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Kommersant: Audit Chamber Says Russia’s Profits from Sakhalin-2 Paltry

audit chamber

(Chairman of the Russian Audit Chamber Sergey Stepashin
Photo: Alexander Miridonov)

Oct. 07, 2006

Russia will get the smallest possible revenue from the Sakhalin-2 project which works on a production sharing agreement, the Russian Audit Chamber said. Experts believe that the new claims have been made to prompt the Sakhalin Energy operator to review the terms of the product sharing deal.

The Audit Chamber published a press release on Friday on auditing the Sakhalin-1 and Sakhalin-2 projects. Sergey Stepashin’s agency reported that Sakhalin-2 is still carried out with little profit to Russia as the country still gets only 10 percent of the produce. The product sharing agreement of Sakhalin-2 says that in case the operating company does not have spare money and everything is spent on operational expenses, Russia will get only 10 percent of the produce. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Kommersant: Sakhalin Region: GENERAL INFORMATION

sakhalin islands

Sakhalin Emblem

Sakhalin Region is spread over 59 islands. It was formed within its present boundaries on January 2, 1947, out of the former Sakhalin Region, Khabarovsk Territory, and territories that became Russian possessions after the victory over Japan in the Second World War. The region includes Sakhalin Island, the adjoining small islands, and the Kuril Islands. It is located on the eastern shores of the Eurasian mainland in the transition zone between the continent and the Pacific Ocean. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.