Posts on ‘December 21st, 2006’

Friday, December 22, 2006. Issue 3567. Page 1. By Miriam Elder Staff Writer Shell and its Japanese partners agreed on Thursday to sell a controlling stake in Sakhalin-2 to Gazprom for $7.45 billion, ending an era in which foreign energy companies were able to pursue huge projects without Russian partners. The deal marks a big [...]

By Ed Crooks and Arkady Ostrovsky Published: December 21 2006 22:34 | Last updated: December 21 2006 22:34 As he heads home from chilly Moscow, Jeroen van der Veer, Royal Dutch Shell’s chief executive, can reflect ruefully that things might have been worse. He is coming away with $4.1bn (£2.1bn) in cash, a 27.5 per [...]

21.12.2006, 20.10    MOSCOW, December 21 (Itar-Tass) – Russian President Vladimir Putin said on Thursday that ecological problems on the Sakhalin-2 project were as good as settled. “I am very glad that Russia’s ecological departments and investors have agreed on the order of solving problems,” the president said at a meeting with leaders of energy [...]

By CHIP CUMMINS in London and GUY CHAZAN in Moscow December 21, 2006 1:58 p.m. Royal Dutch Shell PLC’s decision to relinquish control of a massive oil and natural-gas project on the far eastern Russian island of Sakhalin significantly crimps the Anglo-Dutch oil giant’s future production and reserve-replacement prospects. But it also solidifies Kremlin support [...]

By Lucian Kim and Torrey Clark Dec. 21 (Bloomberg) — OAO Gazprom agreed to buy 50 percent plus one share of Royal Dutch Shell Plc’s Sakhalin-2 oil and natural-gas project for $7.45 billion, handing President Vladimir Putin another victory in his campaign to control Russia’s energy industry. Shell, Mitsui Co. and Mitsubishi Corp. will each [...]

By Lucian Kim and Torrey Clark Dec. 21 (Bloomberg) — OAO Gazprom agreed to buy 50 percent plus one share in Royal Dutch Shell Plc’s Sakhalin-2 oil and gas project for $7.45 billion, cementing President Vladimir Putin’s control over Russia’s energy industry. Shell, Mitsui Co. and Mitsubishi Corp. will each sell half of their stakes [...]

State-owned Russian energy giant Gazprom has wrested control of a massive oil and gas field from Anglo-Dutch rival Shell. Gazprom will pay $7.5bn (£3.8bn) for a 50%-plus-one-share stake in the Sakhalin-2 project after Shell was accused of breaking environmental laws. The deal was signed by President Vladimir Putin and top executives from Royal Dutch Shell [...]

LONDON, December 21 /PRNewswire-FirstCall/ — On December 21, 2006 OAO Gazprom (Gazprom), Royal Dutch Shell plc (NYSE: RDS.A , NYSE: RDS.B) (Shell), Mitsui &Co., Ltd (Mitsui) and Mitsubishi Corporation (Mitsubishi) have signed a protocol to bring Gazprom into the Sakhalin Energy Investment Company Ltd. (SEIC) as a leading shareholder. Under the terms of the protocol, [...]

December 21, 2006 From Agencies   Gazprom, the Russian state-owned gas giant, will 50 per cent plus one share in the Sakhalin-2 oil and gas project from Royal Dutch Shell, Mitsui and Mitsubishi, for $7.45 billion (£3.8bn).   The move means that Gazprom, world’s largest gas producer, becomes the leader of the $22 billion project [...]

Published Thursday December 21 2006 MOSCOW (AP) – Russian state-controlled natural gas giant OAO Gazprom will take a 50 percent-plus-one share stake in the Shell-operated Sakhalin-2 energy project for $7.45 billion, a Shell spokesman said. Royal Dutch Shell PLC spokesman Maxim Shoop said the deal was signed at a Kremlin meeting between President Vladimir Putin [...]

WORLD EXCLUSIVE Click on link below to view series of photographs graphically showing the extensive damage caused by a bombing attack in the Shell compound at Port Harcourt in Nigeria by terrorists… Bombing attack at Shell Compound in Port Harcourt Nigeria

By Lucian Kim Dec. 21 (Bloomberg) — OAO Gazprom and Royal Dutch Shell Plc will meet with Russia’s Natural Resources Ministry today to discuss environmental problems at Shell’s Sakhalin-2 oil and gas project, in which Gazprom is seeking a stake. The meeting with Natural Resources Minister Yury Trutnev will take place at 7:30 p.m. in [...]

21 Dec 2006 10:41:54 GMT Background: Nigeria violence Dec 21 (Reuters) – Royal Dutch Shell began evacuating hundreds of expatriate staff dependants on Thursday after militants planted a car bomb in a residential compound, the company said. Following is a chronology of some major attacks on the Nigerian oil industry in the last three months. [...]

POSTED: 4:49 a.m. EST, December 21, 2006 LAGOS, Nigeria (Reuters) — The largest oil operator in Nigeria, Royal Dutch Shell, began evacuating hundreds of expatriate staff dependants from the Niger Delta on Thursday after militants planted a car bomb in a residential compound, the company said. The withdrawal began hours after armed militants stormed an [...]

Militants in Nigeria’s oil-rich Niger Delta region have attacked a pumping station, killing three security guards. A spokesman for the oil giant Total says the station, which produces some 35,000 barrels of oil a day, has shut. Meanwhile, Shell is evacuating its family staff members after a car bomb on Monday exploded inside a residential [...]