Russia suspends licenses for Shell-run Sakhalin-2 energy project
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Russia has suspended 12 water-use licenses for the Shell-run Sakhalin-2 oil and gas project after uncovering violations of environmental law, the ministry of natural resources has said.
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Russia said Saturday it will suspend participation in a key European arms control treaty, halting NATO inspections of its military sites and no longer limiting the numbers of its tanks and other heavy conventional weapons.
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Russian gas export monopoly Gazprom plans to buy around 50 percent of the Shell-led Sakhalin-2 oil and gas project for cash and assets, its chairman, Dmitry Medvedev, said on Tuesday.
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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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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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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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Russia&#39;s troubled Yukos oil company says it is being forced to slash production and expenditures because the government has frozen its assets.
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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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Oil major Royal Dutch Shell  is on the brink of a deal to bring Russian gas monopoly Gazprom  into the $22 billion Sakhalin-2 project, a spokesman said on Sunday.
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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.
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MOSCOW  - Russia's natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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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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Russian oil giant Yukos has decided to halt two-thirds of its oil exports to China, raising the stakes in its yearlong legal battle with the authorities.
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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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Russian regulators want to block a $20bn oil and gas project led by Shell because of environmental concerns.
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The Russian government has issued a new threat to strip Yukos oil of its production licenses, the Moscow Times reported Monday. Natural Resources Minister Yury Trutnev said
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MOSCOW  - Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.