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Posts on ‘October 15th, 2006’

The Moscow Times: Shell Fixes Sakhalin Violations

Monday, October 16, 2006. Issue 3519. Page 5. By Dmitry Zhdannikov Reuters MAKAROV, Sakhalin — Royal Dutch Shell said it had taken less than one month to sort out most of the environmental violations identified at its Sakhalin oil and gas project, but a federal investigation continues. “We have addressed the violations very quickly, but […]

Financial Times: EU invitation to Putin a blunder, diplomats say

EXTRACT: The EU has many issues to raise, including the recent clash between Moscow and Royal Dutch Shell over the oil company’s alleged environmental breaches in the Sakhalin field and the decision of Gazprom, Russia’s gas monopoly, to reject foreign partners in the Shtokman project. THE ARTICLE By George Parker in Brussels: Published: October 15 […]

Newsweek: The New Feudalism: Shell’s real crime… was not to let Gazprom muscle in…

Forget corruption. In Putin’s Russia, the nexus of payoffs and patronage is almost medieval, touching every aspect of life. By Owen Matthews and Anna Nemsova Newsweek International Oct. 23, 2006 issue – When armed police showed up last Wednesday night at Zurab Dzhaparidze’s Moscow apartment, he knew immediately why they’d come. Dzhaparidze’s crime, the policemen […]

AFP: Russia’s Sakhalin energy project safe for now: official

MOSCOW (AFP) – Russia is not considering freezing the giant Sakhalin-2 oil and gas project, a key official said, easing fears that the world’s largest privately funded energy project could be closed down for environmental violations. “The question of freezing the project is not being posed at the moment. Russia will respect and fulfil its […]

xtramsn.co.nz: Shell Sorts Out Sakhalin Violations

15/10/2006 09:49 AM Reuters Royal Dutch Shell says it has taken less than a month to sort out most of the ecological violations Russian authorities have identified at its Sakhalin oil and gas project, but official probes continue. Russia’s ecological agency RosPrirodNadzor (RPN) has threatened to withdraw permits from the US$20 billion project on the […]

The Sunday Times: Huge Topaz slip-up under scrutiny

October 15, 2006 The fallout is only just beginning over the Competition Authority’s oil industry blunder, writes Ciaran Hancock     AS A keen fan of American “cajun”barbecues, Bill Prasifka is used to taking the heat. Last week, however, the American competition lawyer and chairman of the Competition Authority found himself on a spit being roasted […]

Indiantelevision.com: BBC World, Newsweek, Shell launch ‘The World Challenge 2006′

14 October 2006 6:00 pm         MUMBAI: BBC World has announced that World Challenge – a global competition seeking to highlight and reward examples of community enterprise and innovation – has reached its final stage, with the launch of six programmes featuring the 12 finalists, and an international appeal for votes to choose the winning […]

HuffingtonPost.com: Raymond J. Learsy: Energy Independence, Our Oil Shale Deposits, Making OPEC Obsolete

By Raymond J. Learsy In their efforts this week to cut production quota’s by a million barrels a day with prices hovering at $60 a barrel the Organization of Petroleum Exporting Countries has destroyed the little credibility it still had as a reliable and trustworthy supplier of oil to world markets. OPEC’s billions extorted from […]

The Brunei Times: Shell rushes to get clean bill of health for Russia project

Sunday 15-Oct-06 ROYAL Dutch Shell says it has taken less than a month to sort out most of the ecological violations Russian authorities have identified at its Sakhalin oil and gas project, but official probes continue. Russia’s ecological agency RosPrirodNadzor (RPN) has threatened to withdraw permits from the US$20-billion project on the Pacific island of […]

The Observer: Good moment to pick up a heavyweight

EXTRACT: The bigger the empire, the more things can go wrong: BP has been dogged by safety issues in Alaska, trading problems in Texas and hurricanes in the Gulf of Mexico; Vodafone has faced write-offs against its British 3G licences and its German Mannesman acquisition, and has had to sell its Japanese business; Shell is […]

The Observer: Oil and gas rights: the weapons of a new Cold War

In recent weeks, hardliners in the Kremlin have cancelled or renegotiated deals with Western firms in order to pursue Russia’s national interests – but their plans may backfire Oliver Morgan Sunday October 15, 2006 If there were any doubt about the ruthlessness with which Russia is executing its new nationalist energy policy, it was smashed […]