The Russian mid-sized oil firm Tatneft has given Shell’s operations in Russia a boost by choosing it as its partner in developing vast deposits of heavy bitumen oil in the Volga region in the republic of Tatarstan.
Although no specific details of the agreement have been made public the firm has said it will choose […]

Two stories on the impact of oil on marine mammals with environmental and Indigenous groups fighting back against the oil industry.
Two environmental groups have accused the British Government of covertly sponsoring Royal Dutch Shell’s Sakhalin-2 oil and gas project off east Russia, which they say is causing major environmental damage and threatening a rare […]

BP has reported a 13 per cent fall in second-quarter profits, on the back of a decline in oil production and operational problems at the company’s US refineries.
Like all the oil majors BP is struggling to find new reserves. So, despite its recent troubles in Russia, BP has signaled that it is seeking more joint […]

Shell has struck a groundbreaking partnership in Russia seven months after it was forced to surrender control of the country’s vast $21 billion Sakhalin-2 field.
Shell said it had entered into a broad alliance with Rosneft, the Kremlin-backed oil giant, to cooperate on oil and gas projects in the country. The agreement mirrors a separate deal […]

Oil giant Shell plans to increase investments in Russia despite losing control of the giant Sakhalin-2 project earlier this year.
“If we see other opportunities for setting up offshore joint ventures, then we will look at them without a doubt,” the company’s CEO, Jeroen van der Veer has said.