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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 […]

Regum (Russia): Arrest of Rosprirodnadzor documents completed

Arrest of Rosprirodnadzor documents has been completed. According to the agency head Oleg Mitvol, the operation of the Internal Ministry’s criminal investigation office was in no way related to the scandal and yesterday’s court session on the Sakhalin-2 project. As Mitvol informed the press, the police have arrested documents containing information on business trip expenses […]

AFX Europe (Focus): Australia’s Woodside Q3 production and revenue jump to record levels

Published: Oct 19, 2006 SYDNEY (XFN-ASIA) – Woodside Petroluem Ltd said production and revenue rose to record levels over the three months to September due to first production from some fields and still high world oil prices. Australia’s largest independent gas and oil producer, which is 34 pct owned by the Royal Dutch Shell group, […]

Irish Times: Protests over Shell pipeline

Published: Oct 19, 2006 A Chara, – T Gerrard Bennett (October 18th) describes the protest by local residents in Mayo against the imposition of Shell’s high-pressure gas pipeline as GUBU-like. And he is right. It is indeed grotesque, unbelievable, bizarre and unprecedented that members of an isolated Gaeltacht community are vilified for exercising their right […]

Irish Times: Two held over alleged intimidation at Corrib site

By: Lorna Siggins, Published: Oct 19, 2006 GardaI in north Mayo were last night detaining two people for questioning in relation to alleged intimidation over the Corrib gas project. The two people were arrested yesterday afternoon in the Erris area and were detained at Belmullet Garda station under Section 4 of the Criminal Justice Act. […]

Irish Times: Mood is ‘akin to the Civil War’

By: Lorna Siggins, Published: Oct 19, 2006 Community impact: Just over a year after much of Mayo united to support the release of the Rossport Five from jail, the atmosphere in north Mayo is “akin to the Civil War”, according to several local politicians. GardaI in Castlebar are currently investigating two allegations of intimidation, while […]

The Wall Street Journal: Oil News Roundup: October 18, 2006 4:26 p.m.

THE WALL STREET JOURNAL ONLINE October 18, 2006 4:26 p.m. Crude-oil futures fell below $58 a barrel on the New York Mercantile Exchange after U.S. crude stockpiles rose and speculation increased that OPEC wouldn’t reach consensus on a production cut. Here is Wednesday’s roundup of oil and energy news: * * * OPEC’S DILEMMA: The […]

The Times: Stop Press: Checks on Gazprom’s green credentials

The Russian environmental agency added the oil unit of Gazprom to the list of companies that it monitors. The agency, and its parent, the Ministry of Natural Resources, said that no large oil group will be spared inspections. Analysts said that the move may be an attempt to disguise targeting of the Sakhalin 2 oil […]

The Times: Image of the day

(“I spotted a seal breathing-hole and saw stirrings. I waited motionlessly” PHOTOGRAPHER BAARD NAESS) October 19, 2006 An Arctic seal coming up for air: runner-up in the animal portraits category of the Shell Wildlife Photographer of the Year competition. An exhibition of the winning entries opens on Saturday at the Natural History Museum in London

Daily Telegraph: Russian police raid watchdog

By Russell Hotten, Industry Editor (Filed: 19/10/2006) The offices of the Russian government agency that cracked down on Royal Dutch Shell’s Sakhalin-2 development have been raided by criminal investigators. Members of the Interior Ministry’s organised crime department went unannounced to RosPrirodNadzor (RPN), the environment watchdog, yesterday and removed documents. Russian officials said the raid was […]

The Irish Times: Going to work in Mayo with a Garda convoy

October 19, 2006]  The Workers: The alarm clocks sound early and the Corrib gas terminal workers rise in the dark, knowing there will be no “good morning” in Bellanaboy, north Mayo. As they congregate near the chapel in Bangor, several reinforced Garda vehicles and a bus full of gardaI are waiting for them on a […]

Vedomosti: Gazprom warns foreign investors against judicial corruption in Russia

Gazprom has warned that Russian courts may favour national companies, and that foreign investors might face corruption and “political resistance” to the execution of judgments awarded to them by international arbitration, the Russian energy giant said in an investment memorandum. This is a formality, but a very prejudicial one to national justice, say experts. In […]

Kommersant: Moscow district court refuses to consider lawsuit

The Presnensky District Court in Moscow has refused to consider a lawsuit filed by the Federal Service for the Oversight of Natural Resources against the Natural Resources Ministry to enforce the annulment of a 2003 environmental review for the Sakhalin II project. The Natural Resources Ministry, which has promised to decide the project’s future October […]

PlanetArk: Russia Environment Watchdog Adds Gazprom to Targets

RUSSIA: October 19, 2006 MOSCOW – Russia’s environmental agency has added gas monopoly Gazprom’s oil unit to the list of companies to be checked for ecological and technical compliance, the watchdog said on Wednesday. The agency and its parent, the ministry of natural resources, have said no big oil firm in Russia will be spared […]

UPI: Outside View: Shtokman more expensive?

By IGOR TOMBERG UPI Outside View Commentator MOSCOW, Oct. 18 (UPI) — Speaking on Russia Today TV channel Oct. 9, the head of the Russian gas monopoly Gazprom Alexei Miller said his company would develop the Shtokman gas deposit without foreign partners, and would remain its sole user and owner. The company’s priority will be […]

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