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Posts on ‘October 16th, 2006’

BBC Monitoring Service: Russian official puts cost of Sakahlin-2 environmental damage at 50bn dollars

Published: Oct 16, 2006 Excerpt from report by Russian news agency ITAR-TASS Moscow, 16 October: The cost of making good the environmental damage caused by the operator of the Sakhalin-2 project will be astronomical, between 10bn and 50bn dollars. This estimate was given in a conversation with an ITAR-TASS correspondent by deputy head of Rosprirodnadzor […]

Reuters: Shell says oil price drop won’t cut energy projects

Mon Oct 16, 2006 1:41pm ET By Tom Doggett WASHINGTON, Oct 16 (Reuters) – Shell Oil Co. has no plans to cut back on its investments in energy exploration projects because of the steep drop in crude oil prices, the company’s president said on Monday. The price for U.S. oil traded at the New York […]

MosNews: Russian Government Considers Major Sanctions Against Sakhalin-2 Operator Shell — Official

( Yuri Trutnev, Russia’s Natural Resources Minister) Created: 16.10.2006 17:29 MSK (GMT +3), Updated: 17:29 MSK, Russia’s Natural Resources Minister Yuri Trutnev said on Monday, Oct. 16, that major sanctions may be imposed against the operator of Sakhalin-2 oil and gas project Royal Dutch/Shell due to environmental violations. The vast project has met with strong […]

Reuters: UPDATE 2-Russia pledges to check all oil firms amid Shell row

Mon Oct 16, 2006 12:23pm ET By Mikhail Yenukov and Tanya Mosolova MOSCOW, Oct 16 (Reuters) – No big oil firm in Russia will be spared from a campaign of environmental inspections in coming months, officials said on Monday, a move analysts said may be designed to shade attacks on a Shell-led (RDSa.L: Quote, Profile, […]

RIA Novosti: Billions needed to clean Aniva Bay in Sakhalin project- watchdog

20:05 | 16/ 10/ 2006  MOSCOW, October 16 (RIA Novosti) – Billions of dollars will be needed to alleviate the environmental impact in the Aniva Bay caused by the vast Sakhalin II oil and gas project in Russia’s Far East, an environmental watchdog official said Monday. Mass fish and crab kills have been reported in […]

The Wall Street Journal: Shell Addresses Ecological Issues Over Sakhalin II

A WALL STREET JOURNAL NEWS ROUNDUP October 16, 2006 2:04 p.m. The head of Royal Dutch Shell PLC said the oil producer had addressed Russia’s environmental concerns at its troubled $20 billion liquefied-natural-gas project on the Far Eastern island of Sakhalin. The case, which saw Russian regulators freeze a key environmental permit in September, has […]

Dow Jones Newswires: Shell Manager Warned Of Sakhalin Faults, Gas Risk-Email

Dow Jones Newswires 16 Oct 2006 15:35 CEDT LONDON (Dow Jones)–A Royal Dutch Shell (RDSB.LN) manager sent e-mails in 2002 expressing concern that the designs for oil and gas wells on Russia’s Sakhalin Island didn’t properly address seismic risks. The e-mails from Hans Bouman, a natural-gas field manager, to Engel Van Spronsen, then Sakhalin Energy’s […]

Irish Independent: Corrib gas won’t help reduce our domestic bills

Published: Oct 16, 2006 * I am writing in reference to Shells recent advertising campaign with the caption ‘It began life 250 million years ago. Now its time to bring the gas ashore.’ It is not surprising that Shell has resorted to the medium of advertising in an attempt to embed it’s propaganda in the […]

AFX Europe (Focus): Lukoil faces sweeping tax checks by Russian environment agency UPDATE

Published: Oct 16, 2006 MOSCOW (AFX) – Russia’s environmental monitoring agency called for tax checks on all licences owned by Lukoil, the country’s biggest oil producer, a senior official told Agence France-Presse. “We are interested in their payments. We have information that they are not paying,” said Oleg Mitvol, deputy head of the powerful agency, […]

Financial Times: Russia threatens to revoke 19 Lukoil oilfield licences

By Neil Buckley in Moscow and George Parker in Brussels Published: October 16 2006 03:00 | Last updated: October 16 2006 03:00 Russia’s natural resources ministry has threatened to revoke 19 oilfield licences belonging to Lukoil, extending to Russia’s biggest oil producer the sort of treatment recently shown to foreign energy companies. The ministry said […]

Sunday Telegraph: Cross Putin and die

(Since Putin became President, 13 journalists have been murdered) By Olga Craig (Filed: 15/10/2006) Late on Thursday night, Dimitri Zakayev hurriedly moved his wife and four daughters from their Moscow home to a rented dacha deep in the heart of the outlying countryside. So sudden was the family’s flit that the children’s bicycles, their computers […]

Daily Mail: Sakhalin shatters last illusions about Russia’s reliability

Monday View: 16 October 2006 By Robert R Amsterdam OVER the last few weeks the largest foreign investments in the Russian energy industry have come under attack as part of an ongoing Kremlin campaign to consolidate state ownership in the sector. Despite having pumped billions of dollars into the Sakhalin oil and gas project, and […]

Reuters: Norway lets Shell restart Draugen oil production

OSLO, Oct 16 (Reuters) – Norway’s oil safety authority has let Royal Dutch Shell (RDSa.L: Quote, Profile, Research) restart production at the Draugen oilfield, after halting it pending improvements to lifeboats, but has not allowed Statoil (STL.OL: Quote, Profile, Research) to resume output at the Snorre field. Shell is operator at Draugen, which produces 80,000 […]

RIA Novosti: Russia’s environment ministry continues probes into oil cos.

14:20 | Monday 16/ 10/ 2006 (Adds paragraphs 3-9) MOSCOW, October 16 (RIA Novosti) – Russia’s natural resources minister pledged Monday to carry out further checks into compliance with environmental legislation by oil companies working in Russia, including major independent and state-controlled crude producers. “This is a routine process,” Yury Trutnev said. “We will tighten […]

Financial Information Service: Mitsui and Mitsubishi Support Gazprom’s Participation in ‘Sakhalin-2’ Project

VLADIVOSTOK, October 16. /FIS/. Mitsui and Mitsubishi (Japan) support possible participation of ‘Gazprom’ OJSC in ‘Sakhalin-2’ Project. This was announced by representatives of both corporations – members of the oil and gas project, reports ‘Vedomosti’ newspaper. Employees of Mitsui and Mitsubishi said that these companies do not exclude the possibility of selling part of their […]

MosNews: Shell Welcomes Gazprom at Sakhalin, Says All Issues Resolved

(Sakhalin II Photo from ) Created: Monday 16.10.2006 13:04 MSK (GMT +3), Updated: 13:04 MSK, 3 hours 11 minutes ago International oil major Royal Dutch/Shell said on Monday, Oct. 16, that it has fully addressed all ecological issues at its Sakhalin-2 oil and gas project. The company’s chief executive Jeroen van der Veer told […]

Reuters: Russia threatens Shell with sanctions over Sakhalin

Mon Oct 16, 2006 7:00 AM ET By Douglas Busvine MOSCOW (Reuters) – Russia threatened Royal Dutch Shell on Monday with the full armoury of sanctions at its disposal if it fails to address environmental violations at its Sakhalin-2 project, which has run far over budget. But, Resources Minister Yuri Trutnev said, Shell had no […]

MarketWatch: Oil companies revamp ethical plans as legal risk grows

Today, Royal Dutch/Shell Plc (RDSB.LN) is still reeling from allegations, that it denies, of complicity in human rights violations in Nigeria’s Ogoniland in the 1990s. On Sept. 29, a New York court rejected a motion by the company to have counts of “crimes against humanity” dismissed in a case accusing it of facilitating repression at […]

Reuters: UPDATE 1-Shell CEO says Sakhalin issues fully addressed

Mon Oct 16, 2006 3:35am ET MOSCOW, Oct 16 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has fully addressed all ecological issues at its Sakhalin-2 oil and gas project and is seeking dialogue with the Russian authorities, the company’s chief executive said on Monday. Sakhalin-2 has come under pressure from the Kremlin over […]

The Times: Russia reassures Shell on Sakhalin

October 16, 2006 Stop press    Russia is not considering freezing the Sakhalin-2 oil and gas project, which is led by Shell, Oleg Mitvol, deputy head of Russia’s ecological monitoring agency, said. “Russia will respect and fulfil its international obligations, in particular with respect to foreign companies,” he said. Last month Russia moved to revoke […]

The Economist: Energy reserve

Posted Monday 16 October 2006 SIR – You rightfully acknowledge the legitimacy of environmental concerns about Shell’s project on Sakhalin Island, yet you question the motivation of the Russian government for enforcing its environmental regulations (“Yukos revisited?”, September 23rd). Why is there no criticism of Shell for damaging the environment so badly that such intervention […]

Times of Oman: Shell training 20 Omanis to be administrative assistants

Monday, October 16, 2006    MUSCAT — As part of the continuing series of social investment initiatives being held since 2002, Shell has signed an agreement with the Arabian Training Centre LLC and Oman Society for Petroleum Services (OPAL) to provide training for 20 young Omanis to become professional administration assistants. The nine-month programme has been […]