The Japan Bank for International Cooperation (JBIC) and four private-sector banks are finalizing plans to provide a $5.3 billion loan for the Sakhalin-2 oil and natural gas development project.
June 5th, 2008:
Sakhalin-2 loan secured; year-round flow to begin
Petrol crisis looms as Shell faces drivers strike
Fears of a new petrol crisis have deepened after lorry drivers for Shell's suppliers announced a four day strike.
Russian Police Summon Chief of British-Russian Energy Venture in Tax Probe
...energy analysts compared the BP situation to Gazprom's forced 2006 takeover of the giant Sakhalin-two project in Russia's Far East. A Western consortium led by Royal Dutch Shell agreed to sell its controlling interest in the Sakhalin project, after Russian threats of huge lawsuits against the consortium for alleged environmental infractions.
Talks over Shell driver pay fail
Talks aimed at halting a strike by drivers who deliver fuel to Shell petrol stations have broken down.
Gorgon’s Delays May Force Tokyo Gas, Chubu to Pay More for LNG
The development, which has no scheduled start date, has been dogged by regulatory obstacles, spiraling costs, and delays by partners Royal Dutch Shell Plc and Exxon Mobil Corp.
Nigeria’s Ogoni Movement Welcomes Shell’s Loss of Oilfields
Shell said yesterday that it hasn't been informed of the government's decision.
Nigeria’s Ogoni hope Shell ouster brings prosperity
LAGOS, June 5 (Reuters) - The planned removal of oil giant Shell from southern Nigeria's Ogoniland will finally give the impoverished region a chance to develop, the son of executed activist Ken Saro-Wiwa said on Thursday.
Water crisis to be biggest world risk
A catastrophic water shortage could prove an even bigger threat to mankind this century than soaring food prices and the relentless exhaustion of energy reserves...
Ogoni people welcome Nigerian move against Shell
The Movement for the Survival of the Ogoni People (MOSOP), whose former head Ken Saro-Wiwa was hanged for his stance against the effects of oil-drilling, notably by Shell, called the move "a bold step that stands the brightest chance of quickening the resumption of oil activities in Ogoni."
In the wake of Shell “lies corruption, despoliation and death”: Andrew Rowell in his remarkable article “Unloveable Shell, the Goddess of Oil”
In view of the overnight news from Nigeria it seems an appropriate time to publish for the first time on the Internet the most dramatic masterpiece about Shell and its atrocious track record, especially in Nigeria, that we have ever seen. Authored by Andrew Rowell, it was published by The Guardian over 10 years ago on 15 November 1997 under the title: Unloveable Shell, the Goddess of Oil.
Nigeria’s removal of Shell hailed
On Wednesday, President Yar'adua said Shell would be replaced by another company by the end of the year. Mr Saro-Wiwa Junior said Shell's removal from Ogoniland would send a signal to the rest of the volatile region that dialogue was the way forward.
Jeroen van der Veer: Shell is among the largest investors in the Russian economy
Shell projects in Russia involve the development of Sakhalin II Project offshore Sakhalin island together with OAO Gazprom, Mitsui and Mitsubishi, and the development of the Salym oil fields (Khanty-Mansi autonomous okrug), jointly with OAO NK Evikhon, a subsidiary of Sibir Energy. Shell also participates in Caspian Pipeline Consortium.
Bilderberg, Shadow Super-government: ROYAL DUTCH SHELL CONNECTIONS
Royal Dutch Shell Plc board members Jeroen van der Veer and Jorma Ollila, and Queen Beatrix of the Netherlands - a long term major shareholder in Royal Dutch Shell - are all members of this sinister super secret group and all three have attended the infamous secret meetings.
Russia ‘to quiz BP Moscow chief’
TNK-BP was told last year that it was in danger of losing its production licence for a Siberian gas field for not meeting production targets. The company eventually sold its stake in the Kovykta field to Russian state-controlled Gazprom. Also last year, Royal Dutch Shell was forced to hand over part of its stake in a massive Siberian gas field.
Australia to Promote Coal-to-Liquids to Improve Energy Security
Monash Energy, a venture between Anglo American Plc and Royal Dutch Shell Plc, is considering building a plant in Victoria state to turn coal into motor fuel...
Two can play at this game
TNK-BP ceded its controlling stake to Gazprom, a bit like Royal Dutch Shell, which a year earlier gave up a majority of its Sakhalin 2 gas and oil project to the state-controlled company.
Make or break talks in Shell dispute
Tanker drivers threatening a strike over pay which could halt petrol deliveries to Shell are due to meet employers on Thursday in a make or break meeting. Shell would be far better placed if they were to stop stuffing their shareholders pockets and ensure their contractor Hoyer had the resources to conclude a deal that is acceptable to our members and will prevent disruption for the country.
BP Russia chief in corporate tax probe
The chief of BPs Russian oil venture was on Wednesday summoned for questioning by the interior ministry as part of a criminal investigation into possible large-scale tax evasion.
North Sea could see second oil boom due to huge unexplored reserves
The amount of fuel still left in the oilfields could be the equivalent of all that has been extracted since they were first exploited in the 1970s; enough to last another 44 years. Experts explained that the high price of oil meant that it was now financially viable for firms to invest the vast sums required to remove it from depths and pressures that were previously too expensive.
Nigeria to give Shell Ogoni oilwells to another firm
Shell closed its operations in the area in 1993 due largely to popular protests over pollution and lack of development.
Nigeria to hand abandoned Shell fields to rival operator
Shells rocky relationship with Nigeria suffered a fresh blow last night when the Nigerian President said that oilfields abandoned by the group in the Niger Delta would be given to another company
North Sea may be set for second oil boom
There are many reasons why companies like to be conservative in reporting oil reserves, not least because it helps to maintain a high oil price. When Shell had to cut estimates by one fifth in 2004, it had a devastating impact on the company's share price and cost the members of the senior management team their jobs.
Another Operator to Take Over From Shell in Ogoniland
President Yar'Adua said it was clear that "there is a total loss of confidence between Shell and the Ogoni people"...
Nigeria: Clark Challenges Shell to Publish List of Sacked Staff
NIGER-DELTA leaders have challenged the Shell Petroleum Development Company (SPDC) to publish the list of all the workers that it recently laid off and their places of origin if it's serious on its claim that the retrenchment axe was not targeted at Niger-Delta citizens.
Talks to avert Shell drivers strike
The union Unite has warned of industrial action by 500 drivers who supply fuel to Shell garages unless a row over pay is resolved.
New operator to replace Shell in Nigeria’s Ogoniland: president
ABUJA (AFP) Nigerian President Umaru Yar'Adua on Wednesday said Anglo-Dutch oil giant Shell would be replaced by another operator by the end of the year in the volatile Niger Delta's oil-rich Ogoniland region. Speaking in Cape Town, Yar'Adua said it was clear "there is a total loss of confidence between Shell and the Ogoni people" and for that reason "another operator acceptable to the Ogonis" will take over from Shell.