The Financial Times has described the unexpected exit of Malcolm Brinded from Royal Dutch Shell, as a surprise. Probably an even a bigger surprise to Brinded bearing in mind that at 58, he is still a few years from retirement. It seems to have been a case of premature ejection.
Sakhalin Energy
Was Brinded pushed?
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Sakhalin Energys 2011 Sales Rose by $1 Billion, Vedomosti Says
By Yuliya Fedorinova – Feb 8, 2012 4:53 AM GMT
Sakhalin Energy, Russias liquefied natural-gas producer, increased its revenue by $1 billion last year after raising prices, Vedomosti reported today, citing Chief Executive Officer Andrey Galayev.
The project may break even as soon as this spring rather than in 2013 or 2014, as initially planned, Galayev told the Moscow-based newspaper.
OAO Gazprom has a 50 percent stake in Sakhalin Energy.
To contact the reporter on this story: Yuliya Fedorinova in Moscow at [email protected]
Sakhalin-2 News
Gazprom Expansion of Sakhalin-2 LNG Plant May Cost $7 Billion
January 30, 2012, 5:20 AM EST
By Jake Rudnitsky
Jan. 30 (Bloomberg) — OAO Gazprom and its partners in the Sakhalin-2 project may decide on expanding their liquefied natural gas plant this year, to add supplies by 2018, said Andrey Galaev, the ventures chief executive officer.
An expansion may cost $5 billion to $7 billion based on preliminary estimates, Galaev told reporters today in Moscow. Depending on changes in oil and gas prices, the construction cost may drop as low as $3 billion or climb as high as $8 billion, he said.
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, Russias natural gas export monopoly needs to expand fast to sell liquefied natural gas to Asia at maximum profit.
Theres a window of opportunity in the Asia Pacific from 2015 to 2020, Harry Brekelmans, the head of the energy companys Russian unit, told reporters today in Moscow. The market will tighten after that with additional LNG volumes coming from Australia, Shell spokesman Maxim Shoob said today.
Another shell director playing General Patton?
Purported leaked email with video link received from an anonymous source with the covering message:
“Potential for another Shell director playing *General Patton…listen to the video…”
THE INTERNAL EMAIL
On behalf of Bob Turner,
All,
We have just posted the latest video clip on the IPO website. In this clip I talk about Gas to Offshore and our preparations and some issues around our culture which I call NO will no longer be the low risk option.
Please have a look. I hope you find it informative and topical. My previous clips will be archived in the Library folder.
As always I welcome your feedback.
Have a safe day
Bob.
?Bob Turner Video
ENDS
*From Wikipedia article “List of plagiarism controversies“
On 6 June 2007, the Financial Times published a front page article under the headline: “‘Pipeliners All! Shells memo to Sakhalin”[24]
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 look back at the recent earnings season to garner what we can about which major oil companies appear to offer the biggest boosts for our portfolios.
Shell’s full of LNG
Royal Dutch Shell also doubled its earnings in the past quarter, chalking up a growth rate that one advertisement used to refer to as “a silly millimeter” beneath Chevron’s. The company is casting a major lot with LNG, where it leads the world in production and distribution. That’s a sufficient reason for placing the Anglo-Dutch giant next to Chevron as another member of Big Oil’s most promising trio.
Sakhalin: the last 130 Western Gray Whales
From pages 48 & 49 of Royal Dutch Shell and its sustainability troubles Background report to the Erratum of Shells Annual Report 2010
The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands)
Author: Albert ten Kate: May 2011.
The Sakhalin-2 project
According to its developers, the Sakhalin-2 project is the world’s largest integrated oil and gas project. The capital expenditure for this project amounted to USD 21.3 billion from 2001 through 2009, while total costs exceeded USD 24 billion.
The project is about extracting gas and oil offshore Sakhalin Island, in the Russian Far East. The fields are called Lunskoye (mostly gas) and Piltun-Astokhskoye (mostly oil). The company Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of the project. Royal Dutch Shell is a partner and lead technical adviser to the operator. Under the shareholding structure of Sakhalin Energy, Gazprom holds 50% (plus one share), Shell 27.5% (minus one share), Mitsui 12.5% and Mitsubishi 10%.
6 Oil Wells On Sakhalin Go Offline
14 October 2011
Vedomosti
Dysfunctional oil wells at Sakhalin-2 are threatening to decrease production at the field in Russia’s Far East and could be indicative of more serious problems.
The problems on Sakhalin-2 in the Piltun-Astokhskoye oil field were documented in a government report to the State Duma on the implementation of the production sharing agreement, a copy of which was obtained by Vedomosti.
According to the report, the wells are not functioning “due to the need to remove a significant amount of sand after a water breakthrough.” This mishap prompted a shutdown of six of the 13 oil wells on the Astokhskoye section, where the Molikpaq Platform extracts oil.
Gazprom Sees LNG Plant Expansion Backed By Sakhalin-2 Fields
That’s in marked contrast to Shell, which while operating Sakhalin-2 in 2006, was forced to execute a below-market sale of its operating position at bargain prices to Gazprom, the country’s giant gas gathering and distribution company.
By Anna Shiryaevskaya – Sep 14, 2011 4:04 PM GMT+0100
OAO Gazprom expects the Sakhalin-2 venture to produce enough fuel to support the expansion of Russias only liquefied natural gas plant as its partner Royal Dutch Shell Plc (RDSA) seeks resources outside the project.
The partners plan to extend the Piltun-Astokhskoye field to feed Sakhalin-2s liquefied natural gas plant, Vsevolod Cherepanov, head of Gazproms gas, condensate and oil production department, told reporters today in St. Petersburg. Additional volumes from producing fields may feed the plants expansion or be shipped via the Gazprom-owned pipeline network, he said.
Whales ‘at risk’ from oil surveys
Restrictions put on development are not enough, delegates urged
12 July 2011
Oil and gas exploration in the Russian Far East continues to threaten whales, delegates at the International Whaling Commission (IWC) meeting have warned.
The critically endangered western population of gray whales spends its summer feeding around Sakhalin island.
Companies using seismic guns to find oil and gas in the area do take steps to reduce the impact; but scientists with the IWC say they need to do more.
Surprising new evidence has also emerged on the whales’ migration.
Shell Said to Offer Gazprom Assets to Gain LNG Plant Expansion
By Anna Shiryaevskaya – Feb 7, 2011 9:00 PM GMT+0000
Royal Dutch Shell Plc may offer OAO Gazprom assets in Asia in exchange for a deal to expand Russias only liquefied gas export plant, part of talks on a wider global alliance, said people with knowledge of the negotiations.
Shell wants to add a third liquefied natural gas production unit at the $22 billion Sakhalin-2 venture north of Japan, raising output 50 percent. The Hague-based company is selecting overseas assets to win support from Gazprom, said three people, declining to be identified because the plans are private. Shell may gain access to new offshore blocks to supply the plant.
BPs Exploration Plans in the Arctic of Russia Draw Opposition From Partners
A version of this article appeared in print on January 19, 2011, on page B3 of the New York edition.
By ANDREW E. KRAMER and JULIA WERDIGIER
MOSCOW The British petroleum giant BPs new deal to explore the Russian Arctic in partnership with a state-owned oil company has drawn protests from a group of private Russian investors with whom BP has a separate partnership.
The Russian private partners of BPs separate and longstanding joint venture here, TNK-BP, say they were not adequately consulted about the Arctic exploration agreement that BP announced on Friday with the state-owned Rosneft.
On Tuesday, a representative of the TNK-BP partners said the Rosneft deal violated a 2003 shareholder agreement that required BP to first consult the management of that joint venture before negotiating new business with others in Russia or Ukraine.
Shell led Sakhalin II construction threatens endangered gray whales
The multi-billion-dollar project, led by Royal Dutch Shell, has also been accused of inflicting large-scale damage on Sakhalin’s ecosystem, including illegal deforestation, the dumping of toxic waste, and soil erosion.
The construction of a third oil platform for the Shell-led Sakhalin II energy project may threaten a critically endangered population of gray whales off Russia’s eastern coast, the World Wildlife Fund (WWF) said on Monday.
The company, which already has two platforms in the Russian Far East, announced in December its plans to build another one near the crucial feeding habitat of the gray whale population.
“The construction and operation of an additional off-shore platform could have numerous negative impacts on the whales, potentially disrupting feeding behavior and increasing the chance of fatal ship strikes,” WWF said in a statement. “Also, a third platform heightens the risk of an environmentally catastrophic oil spill in this sensitive habitat.”
Shell and Gazprom sign ‘global co-operation’ pact
Deal will give Shell access to Russia’s huge oil and gas reserves
Tuesday 30 November 2010 19.05 GMT
In 2006, Shell was forced to halve its controlling stake in Sakhalin II and hand control to Gazprom following intense pressure from the Kremlin. Photograph: Newscast/Jess Jones/EPA
Almost four years after Shell was forced to cede control of a $20bn (£12.8bn) gas project to its Russian rival Gazprom, the two companies have signed a new agreement on “global co-operation”.
The pact will make it easier for Shell to access Russia‘s vast oil and gas reserves in Siberia and the far east. In return, state controlled Gazprom will become a partner on as yet unspecified Shell projects outside Russia.
Shell, Gazprom to Combine Beyond Russia
By JAMES HERRON
LONDONRoyal Dutch Shell PLC and Russian gas giant OAO Gazprom signed an agreement on Tuesday that will deepen their existing partnership within Russia and see them work together outside Russia for the first time, Shell said in a statement.
The agreement promises “further development of bilateral cooperation in exploration and production of hydrocarbons in western Siberia and the far east of Russia [and] cooperation in the downstream oil products business in Russia and Europe, as well as Gazprom participation in Shell upstream projects outside of Russia,” Shell said.
Gazprom and Shell To Expand Cooperation – Medvedev
MOSCOW -(Dow Jones)- Russia’s state-run gas firm OAO Gazprom (GAZP.RS) and Royal Dutch Shell PLC(RDSA.LN) are to sign a memorandum on the expansion of their cooperation in and outside Russia, Gazprom Deputy Chief Executive Alexander Medvedev said Monday.
Gazprom’s cooperation with Shell could expand in Sakhalin, Medvedev said, without giving any more details on the memorandum.
“We are happy to invite foreign partners to develop our upstream reserves, but only if in exchange we get the access to their first class projects somewhere in the world,” Medvedev said. “We do know Shell has good assets, which could be of interest for us.”
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