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Posts Tagged ‘Russia’

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 venture’s chief executive [...]

Oil industry sees China winning, West losing from Iran sanctions

Peter Voser, chief executive at Royal Dutch Shell, said his company might take some time before suspending purchases… By Dmitry Zhdannikov DAVOS, Switzerland | Fri Jan 27, 2012 6:33am EST (Reuters) – As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say [...]

Royal Dutch Shell and Iran Oil

By John Donovan: 12 January 2012 The front page lead story published by the Financial Times newspaper today reports that European refiners have begun to sever links with Iran ahead of an EU meeting, which could impose a full oil embargo on the Iranian regime. (A version of the article is also published on ft.com) [...]

Shell CEO Says the Potential for Shale Gas in Europe Is Limited

By John Buckley Jan. 11 (Bloomberg) — Royal Dutch Shell Plc chief Peter Voser said the potential for shale gas development in Europe is limited by the region’s regulations and its dense population. Shell expects expansion in shale and tight gas — which is locked in rock that’s difficult and expensive to break — in [...]

BP to End Sakhalin Venture With Rosneft

By ALEXIS FLYNN LONDON—BP PLC said it will end its 13-year alliance with Russian state-owned oil company OAO Rosneft to explore for oil and gas in Sakhalin, due in part to the economics of the Far East project. The U.K.-based energy producer said that in recent meetings with the shareholders and board of ZAO Elvary [...]

Rosneft: BP To Exit Sakhalin-5 Project – Report

MOSCOW -(Dow Jones)- BP PLC (BP, BP.LN) is to exit the Sakhalin-5 gas project, and Russian state oil company OAO Rosneft (ROSN.RS) will continue working on it on its own, Interfax news agency reported Monday, citing Rosneft Chief Executive Eduard Khudainatov. “BP is not interested in this project and we have made no secret of [...]

Russian oil rig sinking casts doubt on Arctic plan

By NATALIYA VASILYEVA, AP Business Writer: 23 December 2011 Click on image to enlarge MOSCOW (AP) — The sinking of a floating oil rig that left more than 50 crew dead or missing is intensifying fears that Russian companies searching for oil in remote areas are unprepared for emergencies — and could cause a disastrous [...]

Four dead, 49 missing as Russian oil rig overturns off Sakhalin

At least four people have died and 49 are still missing after an oil rig overturned in the Sea of Okhotsk in the Russian Far East, the regional emergencies service reported on Sunday. The Kolskaya drilling rig with 67 people aboard was being towed in a severe storm, when it overturned and sank some 200 [...]

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, Russia’s natural gas export monopoly needs to expand fast to sell liquefied natural gas to Asia at maximum profit. There’s a window of opportunity in the Asia Pacific from 2015 to 2020, Harry [...]

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

BP, Russian billionaires, and the Kremlin: a Power Triangle that never was

Dr Shamil Yenikeyeff analyses the reasons for the collapse of BP’s Arctic partnership with the Russian state company Rosneft. He argues that the BP–Rosneft deal was inauspicious even before it was signed due to the history of the Kremlin’s reluctance to back BP plc in its often uneasy relations with the AAR consortium – BP’s [...]

Shell Is ‘Welcome Barbarian’ in China’s Shale Gas

The big question is: Can Shell keep riding this tiger? What prevents PetroChina’s parent, CNPC, from exploiting the Western producer for what it wants and then tossing it aside or perhaps even taking it over?

Biggest Oil Find in Decades Becomes $39 Billion Cautionary Tale

After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades.

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 [...]

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 [...]