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Posts on ‘October 21st, 2006’

Daily Mail (UK): Russia hits Shell with demand for backtaxes

RUSSIA’S authorities opened a second front in their challenge to Shell, slapping a demand for back taxes on the Salym field in Siberia, one of the country’s largest onshore fields. Local reports put the claim at ‘more than $10m’ (£5.4m). Shell (down 3p to 1817p) owns Salym with Sibir Energy. The Salym operating company said […]

Daily Express (UK): Russia v Shell: again

Saturday 21 October 2006 ROYAL Dutch Shell faces a new battle with Russia after receiving a bill for unpaid taxes at its Salym joint venture with Sibir Energy in Siberia. Shell, already at loggerheads with Russia over alleged environmental breaches at the Sakhalin-2 oil and gas project, said it would fight the bill in court. The Hans Bouman, Engel van Spronsen Sakhalin II emails published here on Monday

Sakhalin II: A potential environmental calamity? Subject to legal injunction, candid e-mails between Hans Bouman, a natural-gas field manager, and Engel Van Spronsen, in his then capacity as Sakhalin Energy’s technical director, will be published here on Monday 23 October 2006. Both gentleman are now retired. Some months ago we became aware from Shell insiders […]

Sakhalin II: Apocalypse Now?

09/02/2007  Do you have grounds for a lawsuit against Shell? 01/02/2007  Prospect Magazine: How a website humbled an oil industry giant 27/01/2007  GRIPING AND GRINNING: SHELL’S REPUTATION 20/01/2007  Shell to investigate fraud and corruption inside Shell Group 20/01/2007  Coming soon… What Shell says about this website and its owners 08/01/2007  BUSINESS NEW EUROPE: Shell gets stuck in […]

The Times: Putin rejects EU demand to open up gas supplies

Saturday 21 October 2006 From David Charter in Lahti   A DEFIANT President Putin defended his hardline attitude towards Georgia and his refusal to open up Russian energy supplies against a series of complaints from EU leaders over their summit dinner last night. The Russian leader refused to sign an energy agreement with the EU […]

The Times: Sakhalin decision

Saturday 21 October 2006 Russia is to decide on the budget for the Shell-led Sakhalin-2 oil and and gas project by December, Andrei Dementyev, Russia’s deputy energy minister, said. Shell has infuriated Russian officials with multibillion-dollar cost overruns on the project.

Daily Telegraph: Energy Database: Saturday 21 October 2006

• Royal Dutch Shell and its partners in Sakhalin-2 will get a chance to repair environmental damage caused by the $22bn oil and gas venture, Russia’s natural resources minister said, as the government softens a campaign to increase control over the development. • British Energy’s shares fell as much as 5.3pc after the company’s biggest […]

The Guardian: EU clash on warning to Putin over gas supplies

· Compromise after France and Germany disagree · Foreign investments must be secure, Russia told Nicholas Watt in Lahti Saturday October 21, 2006 Jacques Chirac and Angela Merkel clashed yesterday on how to deal with Vladimir Putin as European leaders tried to hammer out a common approach on the EU’s relations with Russia. Hours before […]

UPI: Geologist: Earth has lots and lots of oil

SPOKANE, Wash., Oct. 20 (UPI) — A University of Washington economic geologist says there is lots of crude oil left for human use. Eric Cheney said Friday in a news release that changing economics, technological advances and efforts such as recycling and substitution make the world’s mineral resources virtually infinite. For instance, oil deposits unreachable […]

RIA Novosti: Sakhalin II problem can be resolved by talks – Putin

10:37 | 21/ 10/ 2006 LAHTI (Finland), October 21 (RIA Novosti) – The problem around the giant Sakhalin II oil and gas project on Russia’s largest Far East island may be resolved through talks, Russian President Vladimir Putin said Friday. “We believe that we should sit at the [negotiation] table and seek an agreement. We […]

AlterNet: Bush’s Petro-Cartel Almost Has Iraq’s Oil

Parts One & 2 By Joshua Holland, AlterNet. October 2006. Even as Iraq verges on splintering into a sectarian civil war, four big oil companies are on the verge of locking up its massive, profitable reserves, known to everyone in the petroleum industry as “the prize.” Iraq is sitting on a mother lode of some […]

The Wall Street Journal: Oil News Roundup: October 20, 2006 4:43 p.m.

THE WALL STREET JOURNAL ONLINE October 20, 2006 4:43 p.m. Crude-oil futures tumbled nearly $2 a barrel, settling at less than $57 a barrel on the New York Mercantile Exchange, despite OPEC’s bigger-than-expected promise of a production cut, raising doubts about the cartel’s ability to influence prices. Here is Friday’s roundup of oil and energy […]

The Wall Street Journal: Putin Optimistic On Accord With Shell On Sakhalin-2

DOW JONES NEWSWIRES October 20, 2006 5:49 p.m.   MOSCOW (AP)–Russian President Vladimir Putin, speaking Friday in Finland, said he was optimistic his government would reach an agreement with Royal Dutch Shell PLC (RDSA) over the troubled Sakhalin-2 liquefied natural gas project, but said Russia was unwilling to agree to a doubling of its costs. […]

Itar-Tass: Russia to remain reliable energy partner for Europe – Kremlin

21.10.2006, 00.05    LAHTI, Finland, October 21 (Itar-Tass) – Russia will always remain Europe’s reliable partner in the field of energy resources, and a decision by OAO Gazprom, the major Russian producer of natural gas, to redirect exports of gas from the Shtokmanovsky offshore deposit to Europe provides a crucial confirmation that Russia will guarantee […]

Irish Times: Russia and EU agree legally binding energy deal

Oct 21, 2006 The EU and Russia last night put aside recent disputes over energy policy and said they would work towards a legally binding energy deal based on mutual trust, writes Jamie Smyth in Lahti, Finland European Commission president Jose Manuel Barroso said Russian president Vladimir Putin agreed on the need not to politicise […]

Irish Times: Intervention urged in Corrib gas row

Oct 21, 2006 Lorna Siggins, Marine Correspondent Mayo TD Dr Jerry Cowley (Ind) has called on the Government to intervene in the Corrib gas dispute before someone is seriously hurt. The situation at the Shell Corrib gas terminal is now akin to a “pressure cooker”, the TD said, following yesterday’s Shell to Sea “day of […]

Irish Times: Protests over Shell pipeline

Oct 21, 2006 Madam, – Shell E&P Ireland, with the help of Minister Noel Dempsey and sections of the media, has succeeded in portraying the Shell to Sea campaign as stubborn, intransigent and unwilling to compromise with the beleaguered multinational. Speaking on RTE radio’s News at One last Monday, the Minister claimed that protesters had […]

AP Worldstream: Putin optimistic Russian government will agree with Shell on Sakhalin-2 project

Oct 20, 2006 ALEX NICHOLSON President Vladimir Putin, speaking Friday in Finland, said he was optimistic his government would reach an agreement with Royal Dutch Shell over the troubled Sakhalin-2 liquefied natural gas project, but said Russia was unwilling to agree to a doubling of its costs. Shell’s original so-called production sharing agreement, signed in […]

Financial Times: EU urges Putin to honour oil contracts

By George Parker in Lahti Published: October 20 2006 18:53 | Last updated: October 21 2006 00:55 European leaders on Friday night pressed Vladimir Putin, Russia’s president, to honour contracts with western oil companies, amid fears in the EU over Moscow’s tightening grip on the energy sector. In a strained summit dinner in the Finnish […]