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Posts from ‘February, 2007’

RosBusinessConsulting: Gazprom to pay in cash for Sakhalin-2 stake

RBC, 28.02.2007, Tokyo 10:14:02.Gazprom will pay in cash for a stake in the Sakhalin-2 project, Russian Industry and Energy Minister Viktor Khristenko told a press conference in Tokyo today. He pointed out that a decision to this effect had already been made. Khristenko added that the process of Gazprom buying into Sakhalin-2 would be completed […]

RIA Novosti: Gazprom to supply 250 mln cu m to Turkey annually until 2021

MOSCOW, February 28 (RIA Novosti) – Russia’s Gazprom Export and Turkey’s Shell Enerji A.S. have signed a contract to supply Turkey with 250 million cubic meters of gas annually until 2021, a joint news release said. The contract was struck between Gazprom Export, which handles the energy exports of Russian energy giant Gazprom [RTS: GAZP], […]

Safehaven.com: Mother Russia – A Pivotal Year Ahead

February 28, 2007 by KWR: Scott MacDonald    NEW YORK (KWR) — February 27, 2007 — Russia has come a long distance from the bad old days of the 1990s when it was forced to default on its domestic debt, the economy almost slipped into free-fall, and the country’s politics were unsteady. Over the last […]

The Wall Street Journal: Russia Is Urged to Build Pipeline

ASSOCIATED PRESS February 28, 2007 TOKYO — Japanese ministers urged Russia yesterday to push ahead with a proposed trans-Siberian pipeline that will carry oil and gas to the Pacific coast to feed Japan, saying Tokyo is prepared to pay part of the construction cost. Finance Minister Koji Omi also urged a visiting Russian delegation including […]

Kommersant: Fradkov the Generous

Feb. 28, 2007 Russian Prime Minister Showers Japan with Investment Projects Yesterday was the first day of Russian Prime Minister Mikhail Fradkov’s official visit to Tokyo. Although the prime minister, in his own words, “was not trying to surprise the Japanese,” the sheer volume of offers soliciting participation in Russian investment projects brought the table […]

Reuters: UPDATE 1-From Market Chatter

The arrival of BP (BP.L: Quote, Profile , Research) Chief Executive Lord Brown in Moscow has been met with the news that Oleg Mitvol, the official who led the recent campaign against Royal Dutch Shell’s (RDSa.L: Quote, Profile , Research) Sakhalin 2 project, will not budge on threats to revoke the licence which BP’s Russian […]

From a Shell insider: Entrepreneurial spirit around Shell!

Wednesday 28 February 2007: By a Shell Insider There is currently a severe shortage of good people in the oil business. An ambitious individual (to spare his blushes I won’t mention his name) recently left Shell’s HR department and has set himself up as a recruitment consultant. In order to get set up, it seems […]

The Scotsman: Cairn to return GBP 481m to investors after Indian float

EXTRACT: The Edinburgh company, whose chief executive counts US president George Bush and Tony Blair among his friends, bought the exploration block from Shell for little more than GBP 10m. THE ARTICLE Martin Flanagan City Editor, The Scotsman – United Kingdom Published: Feb 28, 2007 EDINBURGH-based oil explorer Cairn Energy is to return GBP 481 […]

PR Newswire (US): US Federal Government Ties Crude Sales to Argus

Published: Feb 28, 2007 HOUSTON, Feb. 27 /PRNewswire/ — Almost all crude oil sold by the US federal government under its latest Royalty in Kind program is linked to prices published by Argus Media. Companies buying oil from the government’s Minerals Management Service (MMS) specified Argus as the pricing reference in 98pc of all volumes […]

Asia Pulse: INDIA’S PETRONET IN TALKS TO IMPORT 2.5 MT OF LNG FROM AUSTRALIA

NEW DELHI, Feb 28 Asia Pulse – Petronet LNG Ltd (BSE:532522) is in advanced discussions for import of 2.5 million tons of liquefied natural gas (LNG) from the Gorgon Project in Australia, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday. “Pricing of LNG would be indicated by the suppliers at […]

Financial Times: BP under pressure over Kovykta field

By Catherine Belton in Moscow Published: February 28 2007 02:00 | Last updated: February 28 2007 02:00 Russia stepped up pressure on a key asset held by TNK-BP, BP’s Russia venture, yesterday as Lord Browne, BP chief executive, arrived in Moscow for talks and the end-game neared for a possible transfer of part of a […]

Financial Times: Focus on buy-out scale

By Peter Smith and Angela Maier in Frankfurt Published: February 28 2007 02:00 | Last updated: February 28 2007 02:00 David Bonderman, founder of Texas Pacific Group, kicked off the private equity industry’s Super Return conference yesterday with adeclaration that the sector had now reached the scale to target the largest global companies. “There have […]

Bloomberg: Repsol, BP, European Oil Companies Struggle to Boost Output

By Stephen Voss Feb. 27 (Bloomberg) — Repsol YPF SA, Europe’s fifth-biggest oil company, joined BP Plc and Royal Dutch Shell Plc in cutting production forecasts after their output dropped in 2006 amid rising energy nationalism and supply disruptions. Repsol’s production this year will slide about 12 percent, following a 3.3 percent decline in 2006, […]

Bloomberg: Gazprom to Finish Sakhalin-2 Share Purchase in March (Update1)

By Shigeru Sato and Yuji Okada Feb. 28 (Bloomberg) – OAO Gazprom plans to complete the acquisition of shares in Royal Dutch Shell Plc’s Sakhalin-2 oil and gas project by March 31, giving the Russian company control over the country’s first liquefied natural gas project. “We’re targeting the end of March,” Igor Bakhtin, deputy head […]