Posts on ‘June 1st, 2007’

REUTERS: 1 June 2007 Whales are facing a new threat from expanded oil and gas exploration in icy waters off the coasts of Alaska and Arctic Canada, according to a report issued by an international whaling forum. The report, released at the International Whaling Commission�s annual meeting held this week in Anchorage, singles out energy [...]

BY JON HARDING in Calgary AND PAUL VIEIRA in Ottawa Financial Post jharding@nationalpost.com CALGARY: It is in the nation�s interest that the cost-challenged Mackenzie Gas Project gets built, but by whom remains to be determined, Jim Prentice, Canada�s Minister of Indian Affairs and Northern Development, said yesterday. If the companies proposing the 1,200-kilometre link between [...]

Clive Mather looks back � and at life after Shell By SHAUN POLCZER� Clive Mather hit Calgary like a breath of fresh air. In August 2004, the Shell Canada CEO took the helm of a struggling supermajor with nearly a century in this country and reinvigorated it with a sense of purpose and mission. Where [...]

By Bernd Radowitz Last Update: 10:55 AM ET Jun 1, 2007 Royal Dutch Shell Plc may start to explore for oil and gas in Bolivia, the country’s hydrocarbons ministry said in a release late Thursday. “The main executive of Shell talked to (Bolivian) President Evo Morales and proposed participation in the phase of exploration and [...]

Gazprom says it updated its budget due to acquisitions of Sakhalin Energy, Beltransgaz and Mosenergo – as well as to finance a list of investment projects. Friday, June 01, 2007 By Robert Duncan�� Gazprom’s Management Committee has updated the company’s 2007 budget, earmarking an additional RUR232.92 billion for investments above the RUR762.3 billion that was [...]

Published: June 1 2007 14:32 | Last updated: June 1 2007 14:32 When it comes to energy in Russia, timing is everything. In 1911, the Rothschilds swapped their Russian oil assets for big shareholdings in Royal Dutch and Shell. Six years later, during the revolution, the less prescient Nobel family had to flee disguised as [...]

By Torrey Clark June 1 (Bloomberg) — Russian officials postponed a decision on whether to revoke the license held by BP Plc’s Russian venture to a Siberian field with enough natural gas to supply Asia for five years, Interfax said. A Natural Resources Ministry commission delayed making a decision on the license for the Kovykta [...]

By Torrey Clark June 1 (Bloomberg) — BP Plc’s Russian venture will probably lose its license to a Siberian field with enough natural gas to supply Asia for five years as President Vladimir Putin extends state control over foreign energy projects. A Natural Resources Ministry commission should annul BP’s permit for the $18 billion Kovykta [...]

By ALEX NICHOLSON 06.01.07, 6:11 AM ET � BP PLC is likely to lose its license to develop a giant Siberian gas field that could be used to supply Asian markets, a senior environmental official said Friday. Oleg Mitvol, the deputy head of Russia’s environmental watchdog, Rosprirodnadzor, said he expects the license to be revoked [...]

Last Updated: Friday, 1 June 2007, 09:05 GMT 10:05 UK� � Russian authorities are meeting to decide whether to withdraw a licence for BP’s joint venture in the Kovykta gas field in East Siberia. Analysts expect that TNK-BP will be stopped from operating by the licensing agency, Rosnedra. But reports suggest Moscow may postpone the [...]

Lorna Siggins, Marine Correspondent Published: Jun 01, 2007 The Environmental Protection Agency (EPA) has deferred its decision on awarding an integrated pollution licence to the Corrib gas terminal. An EPA spokeswoman confirmed that a date of September 28th has been given to the applicant, Shell E&P Ireland, and to the objectors. Extra time is allowed [...]

By Alex Turkeltaub and Eleanor Thorp Published: June 1 2007 03:00 | Last updated: June 1 2007 03:00 TNK-BP, the joint venture between the British oil company and Russia’s Alfa Access Renova, is likely to have its licence for the giant Kovytka field in Siberia revoked in the next few days. The move is a [...]

By Catherine Beltonin Moscow Published: June 1 2007 03:00 | Last updated: June 1 2007 03:00 Gazprom said yesterday that it had approved an 11 per cent cut in 2007 capital expenditure even as it comes under fire from the International Energy Agency for under investing in production amid warnings of a supply crunch. Gazprom [...]

By Catherine Belton Published: June 1 2007 03:00 | Last updated: June 1 2007 03:00 A senior western diplomat warned yesterday that Russia risked further damage to its investment climate if it went ahead with threats to revoke today the licence of a key project for TNK-BP, BP’s Russia venture. The diplomat said revoking TNK-BP’s [...]

By Paul Betts Published: June 1 2007 03:00 | Last updated: June 1 2007 03:00 Britain and the Netherlands have always had long and fruitful business relations. These have spawned such multinationals as Royal Dutch Shell, Unilever, Reed Elsevier and the Corus steel group now under Indian ownership. Yet France now seems to be steadily [...]