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Posts Tagged ‘Vladimir Putin’

Exxon’s ‘Bromance’ With The Kremlin

Screen Shot 2014-03-10 at 23.56.16Extracts 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, looking in each others’ eyes, smiling, laughing, shaking hands. They have a lot in common. Both men run autocratic, secretive, oil-based, global operations. And they like each other enough that they’ve joined forces in perhaps the biggest joint venture in the global oil industry. Exxon’s landmark 2011 joint venture with Kremlin-controlled Rosneft calls for upwards of $500 billion in investment over the coming decades. The companies are planning an offshore drilling campaign in Russia’s frozen Chukchi Sea… read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Putin slams Shell’s Sakhalin costs – paper

From our Shell News Archive 2 November 2005

Reuters: Putin slams Shell’s Sakhalin costs – paper

“President Vladimir Putin told executives of major oil company Royal Dutch Shell Russia would not approve Shell’s request to let it double costs at its huge Sakhalin project to $20 billion”: “…Putin had spent more than 30 minutes criticising the cost overruns at the Shell-led Sakhalin-2. Putin’s criticisms come as a big blow for Shell…”

“…the oil company’s chief executive was harangued by President Putin…”

Wednesday Nov 2, 2005 7:20 AM GMT

MOSCOW (Reuters) – President Vladimir Putin told executives of major oil company Royal Dutch Shell (RDSa.L: Quote, Profile, Research) Russia would not approve Shell’s request to let it double costs at its huge Sakhalin project to $20 billion (11 billion pounds), a newspaper reported on Wednesday.

Kommersant business daily quoted sources, who attended a meeting between Dutch businessmen and Putin during his visit to Amsterdam, as saying Putin had spent more than 30 minutes criticising the cost overruns at the Shell-led Sakhalin-2. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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.
read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell turns up heat in race to woo Russia

29 May 2011, 3:32pm

Shell has moved ahead of its rivals in a multi-billion pound race to partner Russia as it starts to exploit its vast oil riches in the Arctic.

Following BP’s failure to conclude a partnership deal with Rosneft, Shell has organised a series of further talks with the Kremlin-controlled company.

A meeting on Wednesday between Shell chief executive Peter Voser and deputy prime minister Igor Sechin has fuelled speculation that an alternative deal may be on the cards.
read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Putin: Shell could work with Rosneft in Arctic

Associated Press, 05.27.11, 10:05 AM EDT

MOSCOW — Russia’s Prime Minister Vladimir Putin says state-owned oil firm Rosneft could team up and swap shares with Royal Dutch Shell in an Arctic offshore deal similar to one with BP that fell through. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Vladimir Putin: Energy Dictator Supreme

By Liz Colad: 23 January 2011

The United States will soon be under the control of a foreign leader.  His name: Vladimir Putin (Photo Right – Photo Credit: Wikipedia)

Sound outrageous?  This is common sense—he will have control of the energy fields and the distribution of gas and oil.  He who controls the energy, controls the world.  I would even dare to say that this situation is already cemented in place.

And only one Congressman is pointing out the facts.

The Trumpet reports that Vladimir Putin has forged an alliance with BP to “explore” the Arctic. “In Washington, the State Department is already facing calls to investigate whether the Russian government’s links with BP pose a national security threat. As Republican Congressman Michael Burgess pointed out, BP is one of the biggest energy suppliers of the U.S. military.”(1) read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.