Russia agency sues to stop Shell project
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Russia's environmental regulator said Tuesday it had filed suit seeking to revoke approval for a $20 billion international oil project led by Royal Dutch Shell on the Pacific island of Sakhalin.
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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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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a U.S. court and would seek an order from the court to halt the Dec. 19 sale by the Russian state of its main oil unit.
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Yukos&#39; main shareholder has filed a legal complaint to prevent the Russian government selling off the oil giant&#39;s main production unit, reports say.
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Russia stepped up the pressure on Royal   Dutch Shell and its Japanese partners on Tuesday over a $20   billion oil and gas development in the Far East, sparking   protests from Tokyo and Brussels.
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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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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a US court and would seek an order from the court to halt the Dec. 19 sale by the Russian state of its main oil unit.
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A consortium led by the Royal Dutch/Shell Group of Cos. should halt operations and delay further development of oil and gas fields near gray whale feeding grounds off Russia's far-eastern Sakhalin island, an independent study recommended Wednesday.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's temporary restraining  order blocking the auction of Yukos' YUKO.RTS main oil  producing subsidiary, planned for Sunday.
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Russian regulators want to block a $20bn oil and gas project led by Shell because of environmental concerns.
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Russian prosecutors say Shell's Sakhalin 2 oil and gas project was illegally given environmental approval.
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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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Russia will not halt Shell's Sakhalin gas-and-oil project while a new environmental probe takes place.
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PetroKazakhstan Inc. said oil production at Turgai Petroleum, a 50-50 joint venture with OAO Lukoil, Russia&#39;s biggest oil producer, has been curtailed because of a dispute over the marketing of the supplies.
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Russian oil group YUKOS has filed for bankruptcy protection in a US court in an attempt to stop the Russian government from auctioning off its main production unit on Dec.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's order temporarily  blocking the auction of oil giant YUKOS' YUKO.RTS main  production subsidiary.