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Posts under ‘Gazprom’

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Arctic Explorers Retreat From Hostile Waters With Oil Prices Low

From an article by Mikael Holter published 14 Jan 2015 by Bloomberg under the headline: “Arctic Explorers Retreat From Hostile Waters With Oil Prices Low” When Statoil ASA (STL) acquired the last of three licenses off Greenland’s west coast in January 2012, oil at more than $110 a barrel made exploring the iceberg-ridden waters an […]

Potential serious impact on Shell from new Sanctions on Russia

American and European explorers such as Exxon and Royal Dutch Shell Plc , which is drilling in Siberian shale rock formations, will have to act fast to avoid violating the bans. “Those new sanctions imposed on Russia by the U.S. and Europe on Friday will, among other things, force Exxon Mobil, Royal Dutch Shell… and […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

Shell Leaves Business Strategy for Russia Unchanged Despite Sanctions

British oil giant is determined to continue its work in Russia and will not change its business strategy in the country, despite the sanctions imposed against Moscow by the United States and European Union, representative of Shell’s press service told RIA Novosti on Friday. MOSCOW, July 25 (RIA Novosti) – British oil giant is determined […]

Death of 193 Dutch Strains Russian Relations for Shell, Heineken

At one point the largest foreign investor in Russia, Shell declined to comment on whether its business would be affected after the downing of the plane. The company lost four employees in the incident, it said yesterday. BloombergBusinessweek article by Celeste Perri, Maud van Gaal and Fred Pals published 22 July 2014 For centuries, the fortunes […]

A Horrified Netherlands May Rethink Its Economic Ties With Russia

Extract from a BloombergBusinessweek article by Carol Matlack published 21 July 2014 The Netherlands, a nation of traders, generally doesn’t like to let politics interfere with business. The death of 193 Dutch nationals in the Malaysia Airlines  jet crash could change that. Major Dutch companies with business interests in Russia also are drawing fire for […]

Will Royal Dutch Shell Be Forced to Skedaddle From Russia?

Extract from a Motley Fool article by David Smith published 21 July 2014 under the headline: “Will ExxonMobil, BP, and Royal Dutch Shell Be Forced to Skedaddle From Russia?” Amid a crescendo of calls in Washington for the imposition of severely tightened sanctions on Moscow, following last week’s tragic shoot-down of a Malaysian airliner over […]

Royal Dutch Shell and U.S. Sanctions on Russia

Shell CEO Ben van Beurden bows to President Putin during a meeting held on 18 April 2014 By John Donovan Royal Dutch Shell directors must be feeling anxious again. For some years Shell continued to trade with Iran despite U.S. sanctions and engaged in machinations in an attempt to disguise what was going on.  Today, President […]

China gets into bed with Putin

Extract from an Investors Chronicle article published 29 May 2014 In the week in which Prince Charles demonstrated that he had inherited his father’s gift for diplomacy, Russia and China finally signed a $400bn (£238bn) gas supply deal that had been a decade in the making. The timing couldn’t have been better, at least from […]

Is Russia’s Hostility Exposing Royal Dutch Shell?

Extracts from a Motley Fool article by Arjun Sreekumar published 17 May 2014 Shell clearly has significant exposure to Russia. The worst-case scenario for the company, as well as for BP and other companies operating in the nation, would be if the U.S. and European Union sanctioned Russia’s energy sector. Such economic penalties would make it problematic […]

Energy sanctions aim to hurt Russia more than the west

Extract from an FT article by Ed Crooks published 14 May 2014 ExxonMobil of the US in 2011 signed a wide-ranging strategic co-operation agreement with Rosneft… Royal Dutch Shell has a similar arrangement with Gazprom, also expanded last year to include exploration in the Arctic and shale development in western Siberia. FULL FT ARTICLE Like this:Like […]

BP And Shell Have Problems, But Manageable Ones, With The Russian Sanctions

Extract from a Forbes article by Tim Worstall published 29 April 2014 The imposition of sanctions on various Russian people and organisations over the Ukraine threatened to pose a number of problems for the big energy companies, especially BP and Shell. If Rosneft itself were placed on the list, for example, or Gazprom, the the […]

BP and Shell to be exposed as G7 plans for sectoral sanctions against Russia

Extract from Forex Live article by Mike Paterson published 28 April 2014 …part of the US plans looks likely to have a serious impact on UK energy giants BP and Shell The US Treasury is also eyeing some form of sanction against Gazprombank, the financial arm of the gas monopoly Gazprom. This would greatly complicate […]

Shell embroiled in Russian oligarch machinations

Extracts from an article by Josh Lewis published 25 April 2014 by upstreamonline.com under the headline: “Rosneft ruffled over Gazprom” Reuters reported that Igor Sechin, at a government meeting, said both Gazprom and Shell, which operate a gas project in the Pacific island of Sakhalin, were denying access to a trunk pipeline for its LNG […]

Sanctions not enough to deter hydrocarbon-hungry firms

Extract from a BusinessDay article published 26 April 2014 Shell also expressed commitment to its expansion projects in Russia. Ben van Beurden, chief executive of Royal Dutch Shell told Russian President, Vladimir Putin at a meeting recently. Shell plans to expand Russia’s only liquefied natural gas (LNG) plant with Russian partner Gazprom. Van Beurden said […]

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