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View Article  International Herald Tribune: Shell Oil chief: U.S. needs policy on greenhouse gas emissions

The Associated Press
Published: September 7, 2006
 
ST. LOUIS Touting the importance of a "culture of conservation" and investment ...   more »

View Article  International Herald Tribune: Shell’s success in Russia hinges on Sakhalin site
Shell has turned to the frigid seas north of Japan as dwindling energy supplies force producers to venture into more hostile locations. Costs for the Shell-led Sakhalin II project, the company’s biggest single investment, have doubled to $20 billion, undermining Shell’s effort to convince investors that it can bounce back after being forced repeatedly to restate its reserves.   more »
View Article  International Herald Tribune: Increased Asian oil drilling fails to slow demand
Costs for the Shell-led Sakhalin II oil and gas project in Russia doubled to $20 billion because of higher contractor rates and prices for raw materials. The company, based in the Hague, said last month that it may not meet a target of replacing all the oil and gas it pumps because rising costs were forcing it to hold back on some projects.   more »
View Article  International Herald Tribune: Shell and Petronas stall in Indonesia
"It could mean we don't invest much more," Bob Moran, chairman of Shell Indonesia, said of the inability to sell subsidized fuel. Moran said Shell was committed to invest in Indonesia, but large- scale investment would depend on the establishment of a "properly functioning, market-based system" in Indonesia.   more »
View Article  International Herald Tribune: Russia re-energized by its natural resources
From Sakhalin Island, Russia plans to become a player in the market for liquefied natural gas in the Pacific Ocean. The Sakhalin-2 liquefied natural gas project, billed as the world's largest LNG plant and led by Shell and Mitsubishi of Japan, is nearing final approval for financing. The European Bank for Reconstruction and Development is expected to decide this spring on a $300 million loan for the $20 billion development. Sakhalin-2 has been slowed by concerns over its impact on migrating western gray whales, Steller sea lions and salmon spawning grounds, and the EBRD loan is being closely watched as a test of the project's ecological acceptability, after a declaration by the bank in December that it was environmentally and socially "fit for purpose."   more »
View Article  International Herald Tribune: Big oil is getting pushed around
In Venezuela, Royal Dutch Shell's bid to develop an offshore gas deposit collapsed when Brazil's state oil company stepped in.   more »
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