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Posts under ‘Sakhalin II’

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 […]

Controversial Corrib field to pump gas by next year

Extracts from an article by Sarah McCabe published 10 April 2014 by the Irish Independent The development of the field off the north-west coast has been plagued by setbacks, which have delayed it for more than 13 years. Construction of a 4.9km tunnel under Sruwaddacon Bay, a special conversation area, is also progressing, new company […]

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 […]

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, […]

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 Corrib Gas 12 years behind schedule and four times over budget

Extract from an article by Nick Webb published Sunday 02 March 2014 by THE controversial Corrib gas field is expected to come onstream by “mid 2015.” Gas was originally expected to flow from the Mayo field back in 2003. The project is now likely to be 12 years behind the original schedule. The cost […]

Gazprom and Shell Sign for Third Train at Sakhalin II

Extract from an article published by The Maritime Executive 23 Feb 2014 Sochi hosted today the signing of a memorandum-roadmap between Alexey Miller, chairman of the Gazprom Management Committee and Ben van Beurden, CEO of Shell. The document envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. […]

CFO Simon Henry: Just how many lives has this Shell fat cat got?

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He […]

Royal Dutch Shell Prelude to disaster?

“Hundreds of man-years will go into all this certification alone for Prelude. Only if there is a good level of trust and no fear for retaliation will all this work. But that trust needs to be earned over several years with a stable project group. That is not the case here, everyone is trying to […]

Gazprom, Shell Agree on LNG Plant Expansion

Russia’s top natural gas producer Gazprom approved on Monday an expansion of the Sakhalin-2 liquefied natural gas (LNG) plant it co-runs with Royal Dutch Shell, bending to pressure from its Anglo-Dutch partner. Gazprom said CEO Alexei Miller and Shell’s CEO Peter Voser had met in Moscow last Friday and had agreed to recommend that Sakhalin Energy operational company’s board discuss the design of the […]

Report: France’s Total Eyes Gazprom’s Baltic LNG Project

Without attributing the information to any sources, the paper also said Gazprom had invited Royal Dutch Shell, its partner in Russia’s only LNG plant, to join the project. by  Reuters: Wednesday, November 27, 2013 MOSCOW, Nov 27 (Reuters) – French oil major Total is looking for a stake in Russian gas firm Gazprom’s future Baltic […]