Russian environmental watchdog Rosprirodnadzor has tackled Sakhalin Energy over its refusal to pay $17 million in compensation for environmental damage caused during work on the Sakhalin 2 oil and gas project in the country’s far east, writes Vladimir Afanasiev. Rosprirodnadzor submitted the claim to the company in December to make restitution for the destruction of [...]
Posts from ‘March, 2008’
UpstreamOnline.com: Shell in Brazil leap: Consortium targets solution for two fields inSantos basin
Malcolm Brinded: Executive Director Shell EP By Gareth Chetwynd A Shell-led consortium has opted for a tension-leg platform solution to develop two heavy oil fields in Brazil’s Santos basin, and regulatory approval for the develoment plan is understood to be close. Shell declared commerciality on the Atlanta and Oliva fields in December 2006 and was [...]
THE WALL STREET JOURNAL: Biznes As Usual
March 28, 2008; Page A12 A senior executive at TNK-BP told us a few months ago that the oil company was “a poster child” for foreign investment in Russia. So it is turning out to be, only not in the way he intended. Blessed by Vladimir Putin at its creation in 2003, BP’s Russian joint [...]
THE WALL STREET JOURNAL: Violence Imperils Iraq’s Oil Progress
THE WALL STREET JOURNAL: Violence Imperils Iraq’s Oil Progress Attacks in Basra Come Amid Talks With Western Firms By HASSAN HAFIDH in Amman, Jordan, and JOHN D. MCKINNON in Washington March 28, 2008 PAGE ONE The resurgent violence in Iraq is threatening nascent efforts to enlist foreign companies in developing its immense oil wealth, a [...]
Salon.com: Peak oil? Consider it solved
It won’t be easy but we can fix our oil and climate problems at the same time. By Joseph Romm March 28, 2008 For more than a decade, a fierce debate about peak oil has been raging between those who think a peak in global oil production is at hand and those who think the [...]
Financial Times: Gazprom chief casts doubt on Kiev gas deal
By Lionel Barber, Catherine Belton and Neil Buckley in Moscow Published: March 27 2008 23:03 | Last updated: March 27 2008 23:03 The intermediary at the heart of the strategically sensitive gas trade between Russia and Ukraine will remain in place for now, according to the man in charge of exports at Gazprom, the Russian [...]
Financial Times: Entente cordiale for City bigwigs
By Emiliya Mychasuk and Emiko Terazono Published: March 27 2008 23:06 | Last updated: March 27 2008 23:06 The Lord Mayor’s banquet for Nicolas Sarkozy and his wife Carla Bruni on Thursday night brought together a wide range of executives from Britain and France to toast the presidential couple with Ruinart champagne and sip Chateau [...]
Financial Times: Big already
Published: March 27 2008 20:11 | Last updated: March 27 2008 20:11 CNOOC, the Chinese offshore oil and gas producer, indicated on Thursday that it wanted to turn into a super-major like ExxonMobil or BP or Royal Dutch Shell to improve shareholder returns in the long run. Fu Chengyu, chairman and chief executive, said the [...]
Bloomberg: Shell Gabon Workers Want Management Change Before Ending Strike
By Clare Spencer March 27 (Bloomberg) — Employees of Shell Gabon who began a strike last week that halted oil production won’t return to work until there are changes to the company’s management, a labor union official said. Officials from the National Organization of Oil Workers held talks with Shell Gabon Managing Director Hans Bakker [...]
Seeking Alpha: Corn Ethanol Can Never Replace Meaningful Quantities of Motor Fuel
posted on: March 27, 2008 Scott Benson: Bio & more articles Corn ethanol will never replace any meaningful quantities of gasoline nor diesel.
Bloomberg: Shell Gabon Says Strike Continues After Talks With Union Fail
By Clare Spencer March 27 (Bloomberg) — Talks aimed at ending a strike by Shell Gabon workers demanding better working hours and changes to management have failed, said Roger Ralanga, the company’s spokesman. “The strike is continuing,” Ralanga said in a telephone interview today in the capital, Libreville. Hans Bakker, the managing director of Shell [...]
The Guardian: BP faces Kremlin tax investigation·Russian joint venture may face £21m evasion charges
·Move follows spying arrest and row over staff visas Terry Macalister Wednesday March 26 2008 BP is facing a criminal investigation into the tax affairs of its Russian joint venture, TNK-BP. It has been forced to recall nearly 150 staff to the parent group amid mounting speculation that the Kremlin is using the strong-arm tactics [...]
STATEMENT BY ROYAL DUTCH SHELL PLC: Conserving biodiversity is a business opportunity, say IUCN and Shell
27 Mar 2008 The business case for conserving nature is strong and getting stronger, according to a new report published today by IUCN (International Union for Conservation of Nature) and Shell International Limited. The report calls for policy reforms to increase the commercial rewards for conserving biodiversity, increased penalties for biodiversity loss and better information [...]
Reuters: Shell and Virent work on green petrol alternative
Thu Mar 27, 2008 8:21am GMT By Tom Bergin LONDON (Reuters) – Oil company Royal Dutch Shell and U.S. bioscience firm Virent Energy Systems are to research a petrol alternative from non-food crops that would reduce CO2 emissions without driving up food prices. Shell said in a statement that unlike ethanol, currently the main biofuel [...]
THE WALL STREET JOURNAL: International Ambulance Chasers
REVIEW & OUTLOOK March 27, 2008; Page A14 March has been a rough month for the tort bar, and not only because two of its standard-bearers — Dickie Scruggs and Mel Weiss — have both copped to felonies. A judge in California has put a damper on the efforts of plaintiffs lawyers to drum up [...]


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