Russia cancels permit for Shell's giant Sakhalin-2 fields
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Russia cancelled an essential permit for a Shell-led consortium to develop the huge Sakhalin-2 oil and gas fields, as a top official warned foreign energy companies may lose their licenses.
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The Russian military has postponed the launch of the Soyuz-M2 space booster rocket scheduled for this week. The Soyuz-M2 booster was scheduled to lift off from the Plesetsk cosmodrome in northwest Russia on
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Effort to fertilize oceans to limit warming, and make money, is canceled.
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Schlumberger, the world's No. 2 oil services firm, said Friday it removed equipment from Yukos because of concern the embattled oil giant may cease to operate.
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MOSCOW : The battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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MOSCOW, Dec. 19 - Russia dismantled its largest oil producer, Yukos, on Sunday by auctioning off the company&#39;s largest subsidiary to a little-known concern that registered as a last-minute bidder on Friday.
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Royal Dutch Shell  and its partners in the $22 billion Sakhalin-2 project have accepted cash and a promise of future cooperation with Gazprom  in a deal to let the Russian firm into the venture, a source close to talks between the companies said on Tuesday.
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Russia's Gazprom asks the government to cancel an agreement to pipe large quantities of gas to China.
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Osaka Gas Co. (9532.T), Japan's second  largest natural gas distributor, said on Friday it has agreed  to buy liquefied natural gas (LNG) from the Sakhalin-2 project  in Russia's far east.
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YUZHNO-SAKHALINSK. June 4 (Interfax) - Oil spills have been discovered near two wells operated by Russian oil company Rosneft (RTS: ROSN) in the north of Sakhalin, non-governmental organization Sakhalin Environmental Watch (EVS) said in a press release on Monday.
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BP PLC is likely to lose its license to develop a giant Siberian gas field that could be used to supply Asian markets, a senior environmental official said Friday.
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BP Plc's Russian venture is likely to lose its license for the giant Kovykta gas field on Friday, although Moscow could postpone the tough action until after the G8 Summit and its landmark economic forum.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will cut deliveries to China&#39;s biggest oil company next month after a government freeze on its bank accounts prevented it from paying railway bills.
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Russia said Thursday that China Petroleum &amp; Chemical Corp., Asia&#39;s biggest oil refiner, may join Royal Dutch/Shell Group&#39;s Sakhalin-2 project in the Pacific and buy liquefied natural gas from the venture&#39;s offshore fields.
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MOSCOW -- Russian regulators could cancel Total SA's license to extract oil in an Arctic region, a government ministry said Wednesday, a move that comes just days after a Shell project led by Shell had a key permit pulled.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, called on banks to reconsider participation in the sale of its biggest unit, after a US judge temporarily barred them from the process.
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An international banking consortium has decided to suspend approval for the â¬10 billion (Â£6.9bn) loan to Gazprom that would have financed the state-controlled company&#39;s acquisition of Yukos&#39;s most important oil production plant.