March 26, 2008 Robin Pagnamenta and Tony Halpin in Moscow BP’s problems in Russia escalated yesterday after the oil giant was forced to suspend 148 employees seconded to TNK-BP, its Moscow-based joint venture, after a dispute over visas. Fears that BP had become the latest victim of an ongoing power struggle between the Kremlin and [...]
Posts on ‘March 25th, 2008’
Financial Times: BP recalls 148 staff from Russia
By Catherine Belton in Moscow and Ed Crooks in London Published: March 25 2008 19:24 | Last updated: March 25 2008 19:24 BP has recalled 148 foreign employees on secondment to its Russian joint venture TNK-BP because of visa problems as pressure on the UK’s biggest investment in Russia intensifies. The 148 technical staff, mostly [...]
Financial Times: Lawyer with a new brief
By Lionel Barber, Catherine Belton and Neil Buckley Published: March 25 2008 02:00 | Last updated: March 25 2008 02:00 President-elect Dmitry Medvedev says he is a lawyer “to my bones”. Throughout a two-hour interview deep in the Kremlin, the 42-year-old successor to Vladimir Putin weighs every question, answering with precision and at length. But [...]
Financial Times: Medvedev fires warning shot at Nato expansion
By Lionel Barber, Neil Buckley and Catherine Belton in Moscow Published: March 25 2008 02:00 | Last updated: March 25 2008 02:00 Dmitry Medvedev, Russia’s incoming president, has warned that granting Nato membership to the former Soviet republics of Ukraine and Georgia could threaten European security. Mr Medvedev’s comments, in an interview with the Financial [...]
Candid comments from a disenchanted Shell Oil Co retiree
Alfred; I have great respect for you, your website and what you are doing. Please keep up the good work. I am writing to make some comments on the state of affairs in today’s “Shell” organization. I was forced to retire 18 months short of my 30 yrs which means that I receive a [...]
breakingviews.com: Bear principles
By Cyrus Sanati BP/Russia: BP may not be able to escape the Russian political curse. Although the oil major gave up control of the big Kovykta natural gas field to state-owned Gazprom last year, it has so far navigated the treacherous waters of Russian politics better than rivals Shell and Exxon. That could be changing. [...]
Reuters: UPDATE 1-Strike halts oil production at Shell’s Gabon unit
Tue Mar 25, 2008 2:58pm (adds details) LIBREVILLE, March 25 (Reuters) – A strike by oil workers at Shell’s (RDSa.L: Quote, Profile, Research) Gabonese subsidiary has halted its production of 60,000 barrels a day of crude since Thursday in the central African country, a company spokesman said on Tuesday. “The company … has totally halted [...]
INSEAD Knowledge, France: Shell CEO van der Veer: Carbon dioxide regulation necessary to make the markets work
Royal Dutch Shell CEO, Jeroen van der Veer If governments do not intervene, industries will meet the growing demands for energy in the cheapest way possible, and carbon dioxide (CO2) emissions will increase. That puts Jeroen van der Veer, CEO of Royal Dutch Shell plc, one of the world’s leading petroleum companies, in an [...]
THE WALL STREET JOURNAL: BP Recalls Employees From Russia
Alleged Visa Problems Follow Police Raid On Joint Venture Associated Press March 25, 2008 2:24 p.m. MOSCOW — BP PLC is pulling 148 employees out of Russia because of alleged visa problems, a company official said Tuesday, following a police raid on a Russian joint venture and the arrest of an employee on industrial espionage [...]
Scam alert from a Shell Oil Co retiree
Tuesday March 25, 2008 I am a retiree from Shell Oil Co. who retired in 2001. I have just received the following email from another former Shell hand who retired in 1992. He has received the following message via email. I am sure that it is a scam but I cannot get anyone at SOC [...]
The Guardian: Russia TNK-BP struggles to renew visas for BP staff
Reuters, Tuesday March 25 2008 (Adds details) By Dmitry Zhdannikov MOSCOW, March 25 (Reuters) – BP’s Russian oil venture TNK-BP is struggling to renew visas for almost 150 people working on secondment from BP, industry sources said on Tuesday, amid pressure on the company from Russia’s security services. The visa problems, caused by legal changes [...]
The Moscow Times: Mitvol’s Agency to Probe TNK-BP
By Miriam Elder and Max Delany Staff Writers Monday, March 24, 2008. Issue 3867. Page 1. The Natural Resources Ministry said Friday that it would investigate TNK-BP’s largest oil field, putting further pressure on the Russian-British firm one day after the Federal Security Service said it had charged an employee with industrial espionage. Oleg Mitvol, [...]
Emirates Business 24/7: Saudi Shell venture drills fourth well
By Nadim Kawach on Tuesday, March 25 , 2008 A Saudi-Shell gas venture said yesterday it had started drilling its fourth well and described the operation in the heart of the Empty Quarter as challenging. The South Rub Al Khali (Srak) began drilling its fourth exploratory well (Kidan 6) on February 29 in contract area [...]
Bloomberg: Woodside Says Neptune Oil Delay to Cut 2008 Output (Update2)
By Angela Macdonald-Smith March 25 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said a delay in the start-up of BHP Billiton Ltd.’s $1.1 billion Neptune oil and gas project in the U.S. will reduce forecast production. Output in 2008 will be reduced by an estimated 150,000 barrels of oil equivalent a [...]
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