Posts on ‘August 3rd, 2007’

03/ 08/ 2007  MOSCOW, August 3 (RIA Novosti) – Sakhalin Energy, the operator of the Sakhalin II oil and gas project in the Russian Far East, has signed an agreement with a Japanese energy company for liquefied natural gas (LNG) supplies. Sakhalin Energy said in a press release Friday: “Under the contract, 0.5 million metric [...]

August 3, 2007 – 6:54PM More than 2,000 people have been left homeless following an earthquake on Russia’s Far Eastern island of Sakhalin, the local governor says. The series of three tremors on Thursday left two dead and at least eight people injured. One of the quakes registered a magnitude of 6.4 on the Richter [...]

Fri, 03 Aug 2007 13:42:54    The European Union warned the US of further sanctions against Iran Diplomats of the larger European countries such as France, Germany and the UK, have warned the US against any other possible sanctions on Iran. The mentioned countries, as well as a number of other European estates have intensified [...]

VIENNA (Thomson Financial) – EVN AG said that Rohoelaufsuchungs Beteiligungsgesellschaft AG (RBG), which is majority-owned by EVN, has signed an agreement with Shell Petroleum N.V and Shell Petroleum Company to purchase Shell’s EP Holding GmBH, whose sole asset is a 25 pct equity holding in the Rohoel-Aufsuchungs AG (RAG). EVN holds a 50.05 pct stake [...]

3 August 2007   SANTO DOMINGO. – The Dominican Customs Agency (DGA) said it began proceedings against the oil company Shell Limited, to safeguard the State’s tax interests regarding alterations of fuel shipment manifests, as stated in a report of an investigation ordered by the Dominican Petroleum Refinery (Refidomsa). Shell, which is an equal partner [...]

Friday, 3 August 2007, 07:21 GMT 08:21 UK    Russia’s Gazprom has postponed the deadline for Belarus to pay its gas bill after a first instalment was paid. It had threatened to halve supplies to the former Soviet republic if the debt was not paid by Friday, but has now given Belarus until 10 August [...]

EXTRACT: One troubling aspect of the British expulsion was its timing. On June 22, British Petroleum was forced to sell its stake in one of the world’s largest gas fields to Russian giant Gazprom under the threat of having its licence revoked. It was a near-repetition of the strong-arm tactics used to oust Shell from [...]

Gazprom looks to ban shipments to Asia TANYA MOSOLOVA Reuters News Agency, with files from Associated Press August 3, 2007 MOSCOW — Moscow wants Exxon Mobil Corp. to ship gas from its Sakhalin project to Russia rather than Asian markets, the energy ministry said yesterday, signalling a new round of pressure on the country’s last [...]

By Megumi Yamanaka Aug. 3 (Bloomberg) — Chubu Electric Power Co., Japan’s third-largest power producer, completed an agreement to buy liquefied natural gas from the OAO Gazprom-led Sakhalin-2 venture in Eastern Russia for 15 years. Chubu Electric will buy about 500,000 metric tons of LNG starting April 2011, the Nagoya-based company said in a statement [...]

Norske Shell (‘Shell’) has announced that it has entered into an agreement with E.ON Ruhrgas Norge to sell its 28% equity interests in the undeveloped Skarv and Idun fields for US$ 893 million.   03.08.2007 08:03   The agreement covers the licenses PL-159, PL-212, PL-212B and PL-262 in the Norwegian Sea,  located in the Norwegian [...]

Coalbed methane tops the list for Kansas, which has the fourth-largest reserve in the country. BY PHYLLIS JACOBS GRIEKSPOOR Unconventional resources now account for more new production of oil and gas in North America than do their conventional counterparts. “I guess you might ask if they are really still unconventional,” said Stephen Trammel, who addressed [...]

August 3, 2007 To the editor: Some of our modern oil barons testified recently in Congress about “hot fuel.” In warm weather, gas expands, and without adjusted pumps (something the oil companies don’t want us to have) the consumers (you and I) receive up to 30 percent less gas than what we pay for. Shell [...]

Map of the Arctic showing the Lomonosov Ridge (Map courtesy Aagruuk) By Charles Digges NEW YORK, New York, August 2, 2007 (ENS) – In an expedition reminiscent of the last century’s race to the North Pole, a Russian expedition today laid a territorial claim to the vast underwater oil and gas fields along the Arctic’s [...]

Carl Mortished August 3, 2007 Don’t say it too loud, but Unilever’s Dutch headquarters is about to lose its head. Vindi Banga, the president of Unilever Foods, is soon to decamp to London with his top team of 15, leaving the Rotterdam office without a power base in the global Unilever empire. The Indian, who [...]

PR Newswire (US) Published: Aug 02, 2007 CLEVELAND, Aug. 2 /PRNewswire/ — Profiles in Diversity Journal today announced the winners of its 2007 Innovations in Diversity Awards, given to honor corporations, organizations and institutions around the world that have developed innovative programs in the area of workforce diversity and inclusion. For the second consecutive year, [...]