President Dmitry Medvedev said that Russia should unilaterally claim part of the Arctic, stepping up the race for the disputed energy-rich region.
Click to continue reading “Russia threatens to seize swathe of Arctic”
News and information on Royal Dutch Shell Plc.
President Dmitry Medvedev said that Russia should unilaterally claim part of the Arctic, stepping up the race for the disputed energy-rich region.
Click to continue reading “Russia threatens to seize swathe of Arctic”
Investors have been shedding their exposure to the Russian market, taking fright initially from the power struggle at TNK-BP and latterly from the falling oil price and the conflict in Georgia.
Click to continue reading “Even Dimitri Medvedev cannot stop slide in Moscow’s stock market”
Late in 2006, another of Europe’s Big Oil contingent,Royal Dutch Shell was pushed into selling its assets on remote Sakhalin Island to Gazprom at a below-market price.
Click to continue reading “Is Russia Becoming an Investment Gulag?”
Gazprom wrested control of the $22 billion Sakhalin-2 oil and gas project from Royal Dutch Shell for a fraction of market value.
Click to continue reading “Kremlin ‘Capitalism’ Is a Threat to the West”
However, a person close to BP said it looked bad for the London-based oil major. “This is another step in the corporate takeover,” he said. “They’ve got the CEO to leave the country, they’ve got the 148 BP specialists out, and now they’ve got the CFO to resign.”
Click to continue reading “BP Venture In Russia Hit as CFO Steps Down”
In an address to Russian ministers yesterday, Mr Medvedev said “law enforcement and state institutions should stop terrifying business” – a comment widely interpreted as a response to the escalating TNK-BP battle.
Click to continue reading “Russia’s Medvedev warns officials against ‘terrifying’ businesses”
“ExxonMobil is the only one that could really pull it off but it is more logical for BP to do a merger of equals with Shell with Tony Hayward running both companies,” Gheit added.
People close to BP say TNK-BP’s troubles stem from a Kremlin drive to transfer control of the company to a state entity like OAO Gazprom, leaving BP as a minority partner.
Click to continue reading “Head of BP Venture, Citing Harassment, Leaves Russia”
Ultimately, these people say, the Kremlin is seeking to gain control over the venture for a state company like OAO Gazprom, likely leaving BP as a minority partner.
Click to continue reading “The Bitter Battle To Lead TNK-BP”
When Venezuela’s President Hugo Chávez touches down in Moscow on July 22 to meet with the duumvirate of Prime Minister Vladimir Putin and President Dmitry Medvedev, he will be ready for more than the usual diplomatic photo-op. This odd trio will be well-positioned to plan substantial international mischief.
Click to continue reading “The Russia-Venezuela Alliance: Using Energy for Geopolitical Advantage”