Sakhalin Energy Investment Co., the project operator, received $3.7 billion from Japan Bank for International Cooperation, the Japanese government's main overseas lender, and $1.6 billion from other commercial banks, the Yuzhno-Sakhalinsk, Russia-based company said today in an e-mailed statement.
June 16th, 2008:
Gazprom, Shell Receive $5.3 Billion Loan for Sakhalin (Update1)
Russia’s Sakhalin-2 gets $5.3 bln project finance
MOSCOW, June 16 (Reuters) - Russia's Sakhalin-2 oil and gas group has obtained $5.3 billion in financing from the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks, the group said on Monday.
New Zealand Government Orders Inquiry Into Fuel Pricing By Oil Cos
The New Zealand government said Monday it has ordered an independent inquiry into the pricing structures used by oil companies against a backdrop of rising gasoline and diesel costs.
Quest for Oil: Where to Look Is the Question
The oil industry is turning up the heat on Congress to open up more federal land to oil and natural-gas drilling...
Discord over impact of oil speculation
Finance ministers from the world's biggest economies disagreed about the impact of speculation on oil prices at the weekend...
Talks over tanker drivers strike set to resume
Talks between striking tanker drivers and employers are to resume on Monday in a bid to prevent another strike taking place next weekend.
Perhaps the majors should be taking down their signs completely?
You might think that with petrol in the US now costing more than $4 a gallon $1 more than a year ago it would be a great time to be selling the stuff. So why isExxonMobil choosing now to dispose of its 2,200 company-owned service stations?
Talks to resume in Shell dispute
By Sunday, more than 600 of the 8,700 petrol stations around Britain had run out of unleaded and diesel fuels.
Fuel pumps run dry as Shell tanker drivers strike bites
Pumps across many parts of Scotland ran dry yesterday as Shell tanker drivers prepared for their fourth day on strike.
Nigeria: Russian, Chinese Oil Firms Jostle for Ogoni
Shell is said to be preparing for a legal battle because even though it has not produced in Ogoniland since 1993, the proven reserves there is at the heart of the company's business interests. Federal Government's withdrawal of the oil fields could affect Shell's market capitalisation and stocks, THISDAY can report.
Saudi King: ‘We will pump more oil’
Saudi Arabia will raise oil production to record levels within weeks in an attempt to avert an escalation of social and political unrest around the world.
Saudi Arabia increases oil output after UN pressure
Saudi Arabia has offered to increase oil production, as the worlds biggest oil exporter moves to address global fears that prices are spiralling out of control, it emerged yesterday.
Shell close to selling Infineum for £2bn
Shell and ExxonMobil are close to completing a £2 billion sale of their Infineum performance fuel joint venture.