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Daily Telegraph: Energy Database: Saturday 21 October 2006

• Royal Dutch Shell and its partners in Sakhalin-2 will get a chance to repair environmental damage caused by the $22bn oil and gas venture, Russia’s natural resources minister said, as the government softens a campaign to increase control over the development.

• British Energy’s shares fell as much as 5.3pc after the company’s biggest shareholder, Deutsche Bank, sold part of its stake.

• Shares of Ramco Energy, a Scottish oil and gas explorer, jumped as much as 30pc after the company said a Texas court upheld a legal decision freeing it from paying damages in a legal dispute.

• ConocoPhillips, the third-largest US oil company, plans to spend as much as $400m to expand a UK power plant.

• Northern Petroleum will begin drilling its first exploration well in the Netherlands this month in partnership with Nederlandse Aardolie Maatschappij.

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