Oil and natural gas development off the coast of Sakhalin Island in Russia's Far East could have forced endangered whales to leave their habitat in the area, a local WWF spokesperson said on Thursday.
February 27th, 2009:
WWF says whales leaving Sakhalin waters due to oil, gas projects
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DALY: Russia eyes Asia as gas customer
In yet another example of Kremlin energy politics that so unsettle Western investors, in late 2006 Gazprom wrested control of the huge oil and gas field from Shell after it was accused of breaking environmental laws. Gazprom then became the majority owner.
BG Raises Leading Bid for Pure Energy
BG likely hopes the move is a knockout punch in its battle with Royal Dutch Shell's Australian joint venture partner, Arrow Energy Ltd., for the coal seam gas producer.
Shell’s oil sands expansion costs rise, partner says
The costs of a 100,000 barrel per day expansion of Royal Dutch Shell Plc's Athabasca Oil Sands Project have climbed to $13.7 billion, partner Chevron Corp said in a filing, well ahead of earlier estimates.
BG Group Raises Cash Takeover Offer for Pure Energy
BGs increased offer of A$8.25 a share is final in the absence of a higher bid, the Reading, U.K.-based company said today in a statement to the Australian stock exchange. The move further boosts BGs offer above a rival cash and stock bid by Arrow Energy Ltd., Royal Dutch Shell Plcs Australian partner in coal-seam gas.
Obama Budget Hits Oil, Gas Companies With New Fees, Taxes
"It's a concerning area, of course, because as you put more royalty and tax burdens on the industry, particularly a cyclical industry, you just have to be cognizant of the potential impact it has on investments," said Marvin Odum, the president of Royal Dutch Shell's U.S. operations, after meetings with various lawmakers about energy policy.
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