NCOC Appeals $737 mln Ecological Flaring Fine on Kashagan
A consortium developing Kazakhstan’s huge Kashagan oilfield said it had appealed a 134.2 billion tenge ($737 million) fine by a regional Kazakh authority for ecological damage at the site in the Caspian Sea reported Reuters. The fine adds to the woes of the multinational group, which has already spent about …
Gazprom and Shell Sign Roadmap for a Third Train for the Sakhalin II Project
Sochi hosted today the signing of a memorandum-roadmap between Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell. The document envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG …
TMK IPSCO Awarded Two Long-Term Contracts to Provide Pipe to Shell
TMK IPSCO, the North American division of global pipe manufacturer TMK, has been awarded two three-year contracts to provide both oil country tubular goods (OCTG) and line pipe to Shell for onshore and offshore applications. Five of TMK IPSCO’s plants are currently providing pipe to Shell under the OCTG contract. …
Gazprom Neft: Developing Unconventional Hydrocarbons
Kirill Strizhnev, Head of «Challenging Reserves» project office for Gazprom Neft’s Directorate of the exploration and resource base development Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of …
Gazprom and Shell Discuss Bilateral Cooperation in Oil and Gas Sector
A working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties discussed the main issues of the bilateral cooperation in the oil and gas sector, including exploration, extraction, processing, LNG production as well as oil and gas sales in the global energy market. In particular, the meeting …
Gazprom and Shell Agree to Jointly Develop Arctic Shelf and Produce Shale Oil in Khanty-Mansiysk Autonomous Area
Alexey Miller, Chairman of the Gazprom Management Committee and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell signed in the presence of Russian President Vladimir Putin and Dutch Prime Minister Mark Rutte a Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia’s Arctic shelf and a section of deep-water shelf abroad. In foreground: Alexey …
Gazprom and Shell Agreed to Co-operate in Arctic Offshore and Development of Liquid Rich Shales in West Siberia
Alexey Miller, Chairman of Gazprom Management Board, and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell plc , in the presence of the President of Russia, Vladimir Putin, and Prime Minister of the Netherlands, Mark Rutte signed a Memorandum that sets out the principles of co-operation …
Statoil Writes off 336m USD on Shtokman 24% Share Hand Back – Shell Eyes Involvement
Statoil has written off around 2 billion crowns ($336.2 million) of investment and handed back shares in Russia‘s Shtokman gas project after investors failed to meet a deadline for an agreement, but it has remained in talks over the project reported Reuters. Located in the freezing and stormy waters of the …
Gazprom and Shell highlight Sakhalin II project success
Kuala Lumpur (Malaysia) hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell within the 25th World Gas Conference. The parties discussed bilateral cooperation in the energy sector. Alexey Miller and Peter Voser highlighted that the …
Shell May Join Shtokman Gas Project in Russia’s Arctic
Royal Dutch Shell may join Russia’s Arctic Shtokman gas project, with Gazprom keeping its majority stake, several sources told Reuters on Friday. “Talks regarding Shell’s participation in Shtokman are under way … There are different project configurations under discussion now but Gazprom will keep a 51 percent stake,” a source …