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 [...]
Posts on ‘October 21st, 2006’
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.
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 [...]
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 [...]
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 [...]
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.
• 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 [...]
· 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 [...]
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 [...]
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 [...]
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 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 [...]
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. [...]
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 [...]
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 [...]