Royal Dutch Shell plc .com Rotating Header Image

Posts on ‘October 19th, 2006’

This Day (Lagos): World Bank President says $300 billion oil wealth stolen from Nigeria (*with Shell’s participation)

Headline: Nigeria: Country Has Lost $300 Billion to Corruption – Wolfowitz   October 17, 2006 Posted to the web October 17, 2006 By Segun Adeniyi Oslo World Bank President, Mr Paul Wolfowitz, has stated that about $300 billion oil wealth has been stolen from Nigeria in the last four decades. Wolfowitz however, praised President Olusegun […]

RIA Novosti: Environment watchdog seeks to annul Rosneft licenses on Sakhalin

19:03 | 19/ 10/ 2006  MOSCOW, October 19 (RIA Novosti) – Russia’s environmental protection agency has submitted documents on revoking licenses held by the Sakhalin branch of state-controlled oil company Rosneft [RTS: ROSN] to the mineral resources agency, the Natural Resources Ministry said Thursday. The ministry said serious violations had been revealed during inspections of […]

Reuters: UPDATE 1-Russian senators to debate Shell deal on Friday

Thu Oct 19, 2006 9:32am ET  (Adds confirmation, details) MOSCOW, Oct 19 (Reuters) – Russia’s upper house of parliament will discuss the Royal Dutch Shell-led (RDSa.L: Quote, Profile, Research) Sakhalin-2 oil and gas project on Friday and will call for government actions over the venture. Sakhalin-2 has come under pressure over ecological and technical compliance […]

Bloomberg: Shell Says Oil Sands Expansion Would Remain Viable With $30 Oil

By Sonja Franklin Oct. 19 (Bloomberg) — Shell Canada Ltd. Chief Executive Officer Clive Mather said the company’s planned expansion of its oil-sands operations in northeastern Alberta would remain viable should oil prices fall to $30 a barrel. Soaring costs for the steel pipe, specialized equipment and labor needed for an oil-sands facility, along with […]

energytribune:“Wag the Dog” in Russian

Ecological violations are the new weapons being used by the Putin regime against Russia’s oil and gas industry. In October, Oleg Mitvol, deputy head of Rosprirodnadzor (Service for Supervision of Natural Resource Usage), flew to Sakhalin to investigate alleged ecological damage at the Sakhalin-2 project. Rumors quickly began to surface that Mitvol was claiming that […]

Bloomberg: Asian Oil Traders Reject Terms of Shell’s 2007 Oman Crude Offer

By Christian Schmollinger Oct. 19 (Bloomberg) — Asian buyers have rejected Royal Dutch Shell Plc’s offer to sell Oman oil cargoes in 2007 because of terms that allow the company to buy back cargoes, stripping customers of supplies and potential profit. Hyundai Oilbank Ltd., South Korea’s fourth-largest refiner, has rejected Shell’s terms, an official said. […]

Bloomberg: Russia Rattles Asia With Attack on Shell’s Sakhalin-2 (Update1)

By James Brooke Oct. 19 (Bloomberg) — A 700,000-barrel oil tanker slipped away from the end of Russia’s first export pipeline to the Pacific on Monday near Sakhalin Island, culminating a $17 billion project led by Exxon Mobil Corp. and local partner OAO Rosneft. About 350 miles to the south, at the tip of the […]

TVNZ: ‘No taboo topics’ at Russia-EU talks

Oct 19, 2006 Russian President Vladimir Putin is open to hear European concerns about Russia’s reliability as an energy supplier and any other thorny issues when he meets EU leaders this week, a Kremlin source said on Wednesday. “There are no taboo subjects,” the source said two days before Putin travels to Finland where he […]

Agence France Presse: EU seeks more balanced energy relations with Russia by Aude Genet

19 October 2006 Russia’s recently hard-nosed approach to foreign energy investors has shaken its European partners, who are eager for a more balanced energy cooperation with Moscow, officials and experts said. EU-Russian energy relations, which are part of a broader partnership framework up for renegotiation, will feature high on the agenda of a lunch meeting […]

International Herald Tribune: Russia won’t yield to the EU on energy

By Dan Bilefsky International Herald Tribune Published: October 18, 2006   BRUSSELS Russia’s ambassador to the European Union sent a strong signal that European leaders looking for more cooperation over oil and natural gas supplies would face resistance from President Vladimir Putin at a meeting in Finland on Friday.   Russia will not yield to […]

REGNUM: We are not going to yield to foreign investors on Sakhalin

Far-East Plenipotentiary Representative: We are not going to yield to foreign investors on Sakhalin Russia is not going to yield to foreign investors working on the Sakhalin Island. Plenipotentiary presidential representative in the Far-East federal district Kamil Iskhakov is quoted by his press office as stating on October 17, stressing: “We are not going to […]