Under Pressure From Moscow, Shell Offers to Sell Stake in Big Oil and Gas Project
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Shell made the offer after months of pressure by RussiaÂs environmental regulators, who threatened to freeze work on the project by revoking critical operating permits.
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Gazprom, Russia&#39;s state-controlled gas monopoly, on Tuesday said it would bid for the main production unit of Yukos, the country&#39;s embattled oil
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Russia's Gazprom closed in on half of Royal Dutch Shell's  $22 billion Sakhalin-2 energy project on Tuesday while Shell denied it had buckled under Kremlin pressure and warned Moscow the world was watching.
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Serbia said Tuesday it had agreed to a multibillion dollar gas pipeline project as part of an energy deal with Russia that would boost Moscow's control over supplies to Europe.
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Anglo-Dutch energy giant Shell has allegedly accused the Russian government of concocting an environmental issue concern as an excuse to capture control of its multi-billion dollar Sakhalin gas project.
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ANCHORAGE (Bloomberg News) â Royal Dutch Shell, the oil company, offered to pay $2.1 billion in an oil and natural gas lease sale, becoming the biggest bidder for the rights in the Chukchi Sea off the coast of Alaska.
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The chairman of beleaguered Russian oil giant said the owners of the company could seek to resolve their conflict with the Kremlin by selling their stakes.
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The nascent petroleum division of natural gas monopoly Gazprom will bid for the top production unit of the battered Yukos oil empire, its chief said Tuesday -- a widely anticipated move that could put the heart of the company into Kremlin-friendly hands.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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MOSCOW A senior Russian official said Thursday that China&#39;s state oil company could be offered a 20 percent share in the giant subsidiary of Yukos that was confiscated and auctioned off in December.
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Gazprom is about to become the world's largest energy company but is controlled by the Russian government, and therein lies the potential and risks for investors.
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By Martin Flanagan  PRESSURE from Russian authorities has started threatening the timetable of the Shell-led Sakhalin-2 project, its operator said yesterday, amid concerns it may fail to supply Asia and the United States in 2008.
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Royal Dutch Shell (RDSa.L) 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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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).
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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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When the Russian government&#39;s 7.6 per cent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - is auctioned Wednesday in the country&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month.