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Posts on ‘October 22nd, 2006’

MarketWatch: Shell JV seeking court settlement of Russian tax dispute

Last Update: 6:55 PM ET Oct 22, 2006 LONDON (MarketWatch) — A Royal Dutch Shell PLC (RDSB.LN) Siberian joint-venture is seeking a settlement in court after disputing the conclusions of a recent tax inspection, a spokeswoman for the Anglo-Dutch giant said Saturday. The dispute is the latest woe for Shell in Russia after authorities threatened […]

ShellNews.net: The Hans Bouman, Engel van Spronsen Sakhalin II emails will be published here on Monday

By John Donovan 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 […]

The Moscow Times: Shell Gets Claim for Back Taxes

Monday, October 23, 2006. Issue 3524. Page 7. Authorities are investigating tax payments of a venture half-owned by Royal Dutch Shell, the oil firm said Friday, adding to the pressure it is facing in its Sakhalin-2 project. Shell’s Salym Petroleum Development, or SPD, joint venture with Sibir Energy said it had received a back tax […]

Daily Independent (Nigeria): Ogoni, Shell Dialogue Dead, Says MOSOP

By Odudu Okpongete, Senior Correspondent, Port Harcourt The Ogoni umbrella socio-cultural group, Movement for the Survival of the Ogoni People (MOSOP), Monday, accused the federal authorities and Shell Petroleum Development Company (SPDC) of killing the Ogoni dialogue process and described the reconciliation efforts as dead.   The body, therefore, wants the Federal Government to act […]

Reuters: CHRONOLOGY-Nigerian militants’ attacks on oil, gas industries

Oct 22 (Reuters) – Seven foreign oil workers who were being held hostage in Nigeria’s southern Niger Delta have been released and are in good health, police said at the weekend. Following is a chronology of some major attacks on the Nigerian oil industry in the last six months. – May 10 – A U.S. […]

AFX News Limited: Project costs on Shell’s Sakhalin-2 could rise to 28 bln usd – report

10.22.2006, 11:40 AM LONDON (AFX) – Costs on the politically sensitive Royal Dutch Shell-led Sakhalin-2 gas project in Russia could rise to 28 bln usd, the Observer reported citing a leaked Russian government report. The report by the mineral services division of the Russian Ministry of Natural Resources states that operational costs will rise from […]

Bloomberg: Russia’s Putin Seeks Sakhalin Solution, Queries Costs (Update1)

By Torrey Clark Oct. 22 (Bloomberg) — Russia and Royal Dutch Shell Plc should be able to settle budget and environmental disputes that threaten to halt work on Sakhalin-2, the nation’s largest foreign-owned oil and gas project, President Vladimir Putin said. “We need to sit at the table and come to an agreement,” Putin said […]

The Sunday Times: Protest principal’s school has double time off

October 22, 2006 Siobhan Maguire   A PRIMARY school in Mayo, whose principal is a leading anti-Shell protestor, needed 150 substitute-teacher days in the last school year — more than double the national average. Inver National School near Belmullet used eight substitute teachers to cover more than two-thirds of the 183-day school year from September […]

The Observer: Nigeria hostage feared dead is freed

Oil worker and six others are safe, family is told, a day after reports said he was not coming home Lorna Martin, Scotland editor Sunday October 22, 2006 The wife of a Scottish oil worker feared dead after being kidnapped by Nigerian militants last night said she was ‘ecstatic’ after learning he was still alive […]

The Observer: Shell’s costs on Sakhalin spiralling: $28 bn

Leaked Russian document claims final bill for troubled joint gas project could be $28bn Nick Mathiason and Heather Connon Sunday October 22, 2006 Costs on Sakhalin-2, one of Royal Dutch Shell’s most treasured yet politically fraught gas projects, are rocketing, says an internal report by the Russian government leaked to The Observer. The news will […]