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Posts under ‘Russia’

Four dead, 49 missing as Russian oil rig overturns off Sakhalin

At least four people have died and 49 are still missing after an oil rig overturned in the Sea of Okhotsk in the Russian Far East, the regional emergencies service reported on Sunday. The Kolskaya drilling rig with 67 people aboard was being towed in a severe storm, when it overturned and sank some 200 [...]

Shell Sees Window to Expand Sakhalin LNG in Asia Market

By Stephen Bierman – Dec 7, 2011 12:15 PM GMT Royal Dutch Shell Plc. (RDSA) said its Sakhalin venture with OAO Gazprom, Russia’s natural gas export monopoly needs to expand fast to sell liquefied natural gas to Asia at maximum profit. There’s a window of opportunity in the Asia Pacific from 2015 to 2020, Harry [...]

Qatar Has World in Its Sights for Power Projects

Qatar also signed an initial agreement with local Chinese authorities, the Chinese state-run oil company C.N.P.C. and Royal Dutch Shell to be part of a petrochemical and refining complex in China, the world’s second-biggest oil consuming nation.

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

Shell gambles billions in Arctic Alaska push

By LISA DEMER Published: December 3rd, 2011 10:24 PM NEW ORLEANS — Standing in front of a brightly colored, 3-D image of the geology far below the floor of the Chukchi Sea, Steve Phelps pointed to the “giant opportunity” that has prompted Shell Oil to pour billions of dollars into the Alaska Arctic. “Burger — [...]

E.U. sanctions force Shell to leave Syria

Protesters opposed to Syrian President Bashar al-Assad face violent responses from security forces. The Arab League passed a series of measures censuring Syria for its actions. By Javier Blas, Published: December 2 LONDON — Royal Dutch Shell said Friday it will “cease” activities in Syria after the European Union blacklisted three state-owned Syrian oil companies in [...]

Shell says to cease activities in Syria

Sanctions bite in Syria as oil giant Shell pulls out By Douglas Hamilton BEIRUT | Fri Dec 2, 2011 9:42am EST (Reuters) – Royal Dutch Shell said on Friday it would cease operations in Syria to heed new European Union sanctions against Damascus, deepening the international isolation of President Bashar al-Assad imposed over his violent [...]

BP, Russian billionaires, and the Kremlin: a Power Triangle that never was

Dr Shamil Yenikeyeff analyses the reasons for the collapse of BP’s Arctic partnership with the Russian state company Rosneft. He argues that the BP–Rosneft deal was inauspicious even before it was signed due to the history of the Kremlin’s reluctance to back BP plc in its often uneasy relations with the AAR consortium – BP’s [...]

From our archive: ‘…Malcolm Brinded is certainly lying when he states that he did not know’

From a Shell Insider: “…Malcolm Brinded is certainly lying when he states that he did not know”: Mon 20 Feb 2006 04:27 AM EST Mr Donovan After reading some contributions to your site of insiders it made me decide to share something with you and your readers. Perhaps you see it fit to publish, I [...]

Shell Is ‘Welcome Barbarian’ in China’s Shale Gas

The big question is: Can Shell keep riding this tiger? What prevents PetroChina’s parent, CNPC, from exploiting the Western producer for what it wants and then tossing it aside or perhaps even taking it over?

Shell’s China Moves: Can Shell keep riding this tiger?

The Anglo-Dutch energy giant and state-owned PetroChina have teamed up to get gas out of the ground in China—and to tap new sources of energy worldwide November 16, 2011, 11:10 PM EST By Stanley Reed and Dexter Roberts The hilltop city of Yulin, about 500 miles southwest of Beijing, was once a strong point in [...]

Biggest Oil Find in Decades Becomes $39 Billion Cautionary Tale

After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades.

Shell was squeezed out of the Sakhalin-2 project precisely five years ago

By Motley Fool Staff Posted 9:58PM 11/03/11 EXTRACTS Last week, my Foolish colleague Alex Planes wrote a superb article offering the conclusion that “Cheap Oil Isn’t Coming Back,” an assessment with which I completely agree. Beyond that, though, I’d add, “And Cheap Gas Has a Brief Future, Too.” With that in mind, it’s crucial to [...]

Peter Voser warns of slower economy or even ‘slight’ recession

European CEOs Prepare for Recession Risk Amid Greek Flipflopping November 04, 2011, 4:53 AM EDT By Tara Patel and Matthew Campbell Nov. 4 (Bloomberg) — The squabbling over Greece’s future in the euro zone may push Europe’s economy into recession and reduce companies’ ability to compete internationally, according to executives of some of the region’s [...]

Shell Is ‘Very Interested’ in Renewing Abu Dhabi Oil Rights

By Anthony DiPaola – Oct 31, 2011 2:47 PM GMT Royal Dutch Shell Plc (RDSA) is “very interested” in renewing its right to pump oil in a venture with Abu Dhabi’s state-run crude producer after its concession there expires in 2014, an executive with the Anglo-Dutch company said. Shell wants to develop natural-gas resources in [...]