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Posts under ‘Russia’

Shell’s bad missteps all but killed off US Arctic oil program

Extracts from an article by Nick Cunningham published Sunday 20 April 2014 by oilprice.com under the headline:”Russia’s Arctic Prize Won’t Be As Big As Many Think” While Royal Dutch Shell’s bad missteps have all but killed off the Arctic oil program in the United States, Russia is moving ahead, and Putin clearly believes that the […]

Royal Dutch Shell CEO Ben van Beurden Bows to Putin

Shell’s Ben van Beurden bows to Putin: Good Friday, 18 April 2014 For ever a 100 years, Shell has been driven by unscrupulous greed as its sole motivator. Shell funded Hitler and the Nazis party and has subsequently done business with a string of evil regimes, including General Sani Abacha, Gaddafi, Saddam Hussein and the […]

Putin, Ukraine and Royal Dutch Shell

Sir Henri was fanatically anti-Soviet as a result of the confiscation of Shell oil fields in Russia. Might be best if Ben does not mention this past history to his new chum, Vlad the Bad, who is rather keen to restore the Soviet empire. “Had Putin asked ‘and now you kiss my ass’, I am sure van Beurden […]

Shell committed to Russia expansion despite sanctions

Extract from an article by Alexei Anishchuk published by Reuters on Friday 18 April 2014 (Reuters) – Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine’s Crimea region. Shell […]

Ukraine Crisis Forces ‘Wait-and-See’ Approach to Arctic Oil

Extract from an article by Alan Neuhauser published 14 April 2014 by USNews.com “Wait and see” is the order of the day for western oil and gas companies that have partnered — or hope to partner — with Russia to explore the Arctic’s enormous energy reserves. And with good reason. As Russia, Europe and the […]

Crackdown on Russia Could Hurt Western Oil

Extracts from an article by CLIFFORD KRAUSS published in print on March 28, 2014, on page B1 of the New York edition of The New York Times with the headline: Crackdown on Russia Could Hurt Western Oil. As the United States seeks to strengthen sanctions on Moscow for its occupation of Crimea, energy experts say […]

There are still some cards left to be played against Russia

Extract from a letter by Mr Lorne Stockman published on 24 March 2014 by the Financial Times “While there is a lot of bluster about cutting off exports or the west looking for new supplies, a more credible threat could be sanctioning the relationships between international oil companies and Russian oil and gas companies.” ENTIRE […]

Shell sees no major impact on higher US gas export to Europe

Extract from a Reuters article published 25 March 2014 by The Peninsula Tension over the future of Ukraine is prompting the European Union and United States to look at deepening their economic ties. Europe is hoping to tap the abundant energy resources of its key ally to reduce dependence on Russia, which feeds a bulk […]

BP and Shell peril on the Russian front

“While BP is the biggest of Britain’s oil giants exposed to Russia, it is not alone. Royal Dutch Shell has a stake in the huge Sakhalin-2 liquefied natural gas (LNG) project off the Psacific coast of Russia, and is also working with gas giant Gazprom to drill for oil in the Russian Arttic shelf. The […]

Exxon’s ‘Bromance’ With The Kremlin

Extracts from a Forbes article by Christopher Helman published on 20 March 2014 under the headline:Will Exxon’s ‘Bromance’ With The Kremlin Help Keep Putin In Check? ExxonMobil CEO Rex Tillerson has a good relationship with Vladimir Putin. If you do a Google image search for the two men, you’ll see a dozen shots of them together, […]

Shell sees ‘minor’ impact in higher U.S. gas exports to Europe

Extract from a Reuters article by Meeyoung Cho published Monday 24 March 2014 GOYANG, South Korea (Reuters) – Growing interest in sending more U.S. natural gas to Europe does not hold a big threat for Asian gas markets, although such exports would help improve spot market liquidity for the super-chilled form of the fuel, a […]

Will an Emboldened Russia Hurt Shell and Chevron?

Extracts from an article by Reuben Brewer published on 23 March 2014 by The Motley Fool under the headline: Will an Emboldened Russia Hurt This Major Industry? Russia is a complex beast and is often hard for Western nations to understand. The latest bit of world drama that the country has caused is, effectively, making […]

Third time unlucky: why Gazprom wants no new gas war

Extracts from an article by Dmitry Zhdannikov published on 7 March 2014 by Reuters Over the past decade, Gazprom, 51-percent controlled by the state, has twice cut its supplies to Ukraine over pricing disputes with Kiev. That action also cut supplies to the EU, which gets 50 percent of Russian deliveries via Ukraine. Gazprom also […]

Shell/Exxon Mobil puts Ukraine gas prospect on hold

Extract from an article by Jim Landers published on 5 March 2014 by The Dallas Morning News Exxon Mobil and Royal Dutch Shell are heading a group selected in 2012 to explore for gas off Ukraine’s western Black Sea coast in an area called Skifska. Negotiations on a production-sharing agreement with the Ukrainian government were […]