A file of our news stories stretching back to July 2005 concerning the former Royal Dutch Shell Sakhalin II project can be found on the link below: – http://www.shellnews.net/blog/our-dire-warnings-about-sakhalin-since-july-2005.html With all due modesty, no one has run alarm bells as loudly or as long about this ill fated project or have been as accurate in [...]
Posts on ‘December 31st, 2006’
Royal Dutch Shell Plc .com headline of the year: Energy giants cede Putin control with a thank you
(Man of the people … Vladimir Putin greets children in Moscow’s Red Square. Photo: AP/Yuri Kochetkov) The New York Times Steven Lee Myers in Moscow INSIDE the Kremlin last week, the executives of three big international companies – Royal Dutch Shell, Mitsubishi and Mitsui – heaped praise on the man whose government had forced them [...]
International Herald Tribune: Despite troubles in Africa, stampede for oil unabated
By Heidi Vogt The Associated Press Sunday, December 31, 2006 DAKAR, Senegal Angola is joining the Organization of Petroleum Exporting Countries, African oil exploration is booming, and China is investing. The stampede for oil in Africa has continued even as militant attacks in some countries and precarious governments in others make returns uncertain there. Though [...]
Reuters: Gazprom’s Sakhalin-2 buy may let EBRD off the hook
EXTRACT: POOR RECORD: The EBRD is supposed to demand strict environmental compliance from its borrowers and green groups said Shell’s poor record in managing Sakhalin-2 meant the project did not qualify. THE ARTICLE Sun Dec 31, 2006 3:22 PM GMT By Tom Bergin LONDON (Reuters) – Russian gas giant Gazprom’s decision to take a majority [...]
The Sunday Telegraph: EBRD set to deny loan to Sakhalin
By Sylvia Pfeifer 31 December 2006 Europe’s top development bank is set to walk away from the Sakhalin-2 energy project in what will be seen as an embarrassing snub to the renationalisation policy of Vladimir Putin, the Russian president. The London-based European Bank for Reconstruction & Development – which was established to encourage free markets [...]
Petroleum News: Mackenzie natural gas pipeline project assailed from all sides
Week of December 31, 2006 Proponents of the Mackenzie Gas Project have invested about C$500 million in the venture so far, but a confluence of rising costs, weakening economics and aboriginal resistance that has slowed down the regulatory process could still undo that commitment, TransCanada Chief Executive Officer Hal Kvisle has warned. In a year-end [...]
Houston Chronicle: Energy sector could see more mergers in ’07
Production and access challenges may drive growth By KRISTEN HAYS Oil exploration and production companies that have enjoyed record profits fueled by high commodity prices over the last two years may go to the altar in 2007 to keep growing. Analysts say the energy sector could see more mergers and acquisitions to counteract difficulty in [...]


Shell Blog RSS Feed