New Events

Galway

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link BlackRock Quits Net Zero Asset Managers Under Republican Pressure Sat Jan 11, 2025 15:00 | Will Jones
BlackRock, the world's biggest asset manager, is abandoning the Net Zero Asset Managers initiative after coming under pressure from Republican politicians over its support for woke climate policies.
The post BlackRock Quits Net Zero Asset Managers Under Republican Pressure appeared first on The Daily Sceptic.

offsite link The Appalling Treatment of Covid Vaccine Whistleblower Dr. Byram Bridle Sat Jan 11, 2025 13:00 | Dr Carl Heneghan and Dr Tom Jefferson
Prof Carl Heneghan and Dr Tom Jefferson write about the appalling treatment of Covid vaccine whistleblower Dr Byram Bridle, the Canadian immunologist who was removed from duties for raising the alarm about the vaccine.
The post The Appalling Treatment of Covid Vaccine Whistleblower Dr. Byram Bridle appeared first on The Daily Sceptic.

offsite link ?High Chance? Reeves Will be Forced into Emergency Spending Cuts Sat Jan 11, 2025 11:00 | Will Jones
There is a "high chance" that Rachel Reeves will be forced to announce emergency?spending cuts?this spring, Barclay's Chief Economist has said, as borrowing costs surged again on Friday.
The post “High Chance” Reeves Will be Forced into Emergency Spending Cuts appeared first on The Daily Sceptic.

offsite link Covid Vaccine Critic Doctor Barred From Medicine Sat Jan 11, 2025 09:00 | Dr Copernicus
Dr. Daniel Armstrong has had his name erased from the U.K. Medical Register and been barred from practice for making a video in which he argued that the Covid vaccines are unsafe, untested and cause harm.
The post Covid Vaccine Critic Doctor Barred From Medicine appeared first on The Daily Sceptic.

offsite link Miliband Picked the Wrong Week to Boast That Wind Power is Britain?s ?Biggest Source of Electricity? Sat Jan 11, 2025 07:00 | Ben Pile
Ed Miliband picked a bad week to trumpet wind power becoming Britain's "biggest source of electricity", says Ben Pile, as a cold snap sent costs spiralling and brought gas-starved Britain to the brink of deadly blackouts.
The post Miliband Picked the Wrong Week to Boast That Wind Power is Britain’s “Biggest Source of Electricity” appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N?114-115 Fri Jan 10, 2025 14:04 | en

offsite link End of Russian gas transit via Ukraine to the EU Fri Jan 10, 2025 13:45 | en

offsite link After Iraq, Libya, Gaza, Lebanon and Syria, the Pentagon attacks Yemen, by Thier... Tue Jan 07, 2025 06:58 | en

offsite link Voltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en

offsite link Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en

Voltaire Network >>

Gazprom take over Sakalin 2 project after shafting Shell

category galway | rights, freedoms and repression | other press author Friday December 22, 2006 03:00author by TJ - Shell to Sea Report this post to the editors

Putin : "Let's celebrate the shafting of Shell, what's your poison, Jeroen "

The New York Times is reporting that : Gazprom, the Russian energy monopoly, bought control of the world’s largest combined oil and natural gas development yesterday after a highly publicized campaign of pressure on its foreign operator, Royal Dutch Shell.

Under the deal, Gazprom will pay $7.45 billion for the controlling share of Sakhalin 2, the vast energy project in Russia’s remote Far East, north of Japan. The project includes offshore platforms, 500 miles kilometers of oil and natural gas pipelines, a liquefied natural gas plant and an oil terminal.
Russian President Vladimir Putin announced the deal at a Kremlin meeting yesterday evening with executives from Gazprom, Shell and the Japanese trading houses Mitsui and Mitsubishi, which also own part of the project. According to a statement released by Gazprom. Shell reduced its share of Sakhalin 2 to 27.5 percent, from 55 percent; Mitsui to 12.5 percent, from 25 percent; and Mitsubishi to 10 percent, from 20 percent,

However, it appears that Shell & co have been shafted by Putin, as, so far, they thave sunk about $12 billion into Sakhalin 2, meaning they will recoup about half of their capital investment so far but will be compensated little for the estimated four billion barrels of recoverable reserves at the site. The Russians further shafted them by valuing Sakhalin 2 reserves at less than $4 a barrel of oil equivalent, a benchmark in valuing oil and gas deals, compared to an average of $4.90 a barrel at large Russian oil companies like Lukoil or Rosneft.

The Sakhalin 2 sale came just two years after Russian tax authorities confiscated the largest production unit from Yukos and sold 76.6 percent at a rigged auction to a newly created shell company, Baikal Finance, for $9.4 billion, an amount that Yukos executives said was far less than it was worth. That pumping asset, now part of Rosneft, is valued by investors today at more than $60 billion.

Related Link: http://www.nytimes.com/2006/12/21/business/21cnd-shell.html?hp&ex=1166763600&en=09541b3b70bb0902&ei=
© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy