Mitsubishi Corp. and Mitsui & Co. are set to obtain business rights in the Sakhalin-3 site, which is believed to have the largest reserves of oil and natural gas among energy resources development projects off Sakhalin in Russia’s Far East, sources have told Energy Current.

Currently, Gazprom, Russia’s state-run natural gas company, holds a 100 percent stake in Sakhalin-3’s main drilling area.
Gazprom is negotiating with multinational oil firm Royal Dutch Shell
about drilling methods and other details, aiming for the joint
development of Sakhalin-3.
If they reach an agreement, Mitsubishi and Mitsui would highly likely
join the development. The two trading firms have jointly worked with
Shell on the Sakhalin-2 project, which the two firms hold a combined 20
percent stake.
In addition, Mitsubishi and Mitsui have agreed with Shell to jointly engage in future development projects in Sakhalin.

Source: SeaTrade Asia Online

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• Sakhalin oil exports 200th Cargo from Gazprom venture between Shell

     Sakhalin Energy, the OAO Gazprom-led joint venture in Russia’s far eastern Sakhalin Island, exported its 200th crude oil cargo since production began in 1999. The tanker, also called Sakhalin Island, will deliver 100,000 tons of oil from offshore facilities in the Sea of Okhotsk to a refinery in South Korea, the venture

• Sakhalin oil exports 200th Cargo from Gazprom venture between Shell

     Sakhalin Energy, the OAO Gazprom-led joint venture in Russia’s far eastern Sakhalin Island, exported its 200th crude oil cargo since production began in 1999. The tanker, also called Sakhalin Island, will deliver 100,000 tons of oil from offshore facilities in the Sea of Okhotsk to a refinery in South Korea, the venture

• Gazprom holds first LNG cargo to the U.S. in the winter

     Russian gas giant OAO Gazprom may send its first shipments of liquefied natural gas, or LNG, from the Sakhalin-2 project to North America this winter, the company said in an interview. “We may see the first shipments to North America during the winter period,” said Frederic Barnaud, LNG director at U.K.-based

• Gazprom holds first LNG cargo to the U.S. in the winter

     Russian gas giant OAO Gazprom may send its first shipments of liquefied natural gas, or LNG, from the Sakhalin-2 project to North America this winter, the company said in an interview. “We may see the first shipments to North America during the winter period,” said Frederic Barnaud, LNG director at U.K.-based

• Sakhalin Energy marks 10 years commercial oil

    Sakhalin Energy, the operator company of the Sakhalin II Project, has marked 10 years of commercial oil supplies. The first cargo was exported in September 1999, heralding the start of Sakhalin Island’s emergence as a new energy hub in Asia-Pacific. “Stable and reliable supplies of Vityaz, the oil grade that

• Sakhalin Energy oil trader at the head of LNG operations

    Sakhalin Energy’s crude trader Sveta Lim will take the helm of oil and liquefied natural gas (LNG) operations within the Russian firm from next week, a trader familiar with the situation said on Friday. Lim, who has been working for Sakhalin Energy for more than eight years, is currently a

• Grand Anvia LNG tankers coming Kuwaiti Terminal

    The Mina Al-Ahmadi liquefied natural gas terminal in Kuwait has received its first commercial cargo of LNG, according to AISLive ship tracker on Reuters. The 147,000-cubic-meter Grand Aniva tanker, delivered from the Sakhalin II project in eastern Russia, was seen docked at the terminal on Monday, the data showed. This is

• Grand Anvia LNG tankers coming Kuwaiti Terminal

    The Mina Al-Ahmadi liquefied natural gas terminal in Kuwait has received its first commercial cargo of LNG, according to AISLive ship tracker on Reuters. The 147,000-cubic-meter Grand Aniva tanker, delivered from the Sakhalin II project in eastern Russia, was seen docked at the terminal on Monday, the data showed. This is

• Mitsui coal ship for Mitsubishi Chem, Nisshin Steel

    Mitsui O.S.K.

• Shell Parts LNG production in Malaysia, Oman

     Royal Dutch Shell Plc, Europe’s biggest oil company, curbed liquefied natural gas production in Malaysia and Oman mostly because of lower demand for the fuel, chief executive officer Peter Voser said. Shell is a partner with Total SA in Oman LNG, which is majority owned by state. The Anglo-Dutch company is

• Exxon s Sakhalin-1 2009 oil output falls 14.5 percent

    Oil output at Russia’s Exxon Mobil-led Sakhalin-1 project fell more than 14 percent last year due to natural depletion, an Exxon Mobil spokesman said on Wednesday. He said crude extraction at Sakhalin-1, which is run under a production sharing deal, dropped last year to about 8.2 million tonnes from more

• Iraq will be shell-deal likely delayed

    A senior Iraqi oil official says a final deal to tap natural gas in a joint venture with Royal Dutch Shell PLC is likely to be delayed until after January’s national elections. A preliminary deal was signed last September for a joint venture to gather, process and market associated natural gas

• Japan trading companies benefit from strong commodity

    The outlook for Japanese trading firms has brightened against a backdrop of higher price forecasts for commodities — and Mitsubishi Corp. and Mitsui & Co.

• The net loss of Sakhalin Shipping Company amounted to RUR63.76 million, Q I-III 2009

    Net loss of Sakhalin Shipping Company OJSC (Sakh MP OJSC) amounted to RUR63.755 mln under Russian Accounting Standards (RAS) within 9 months, 2009 against the profit of RUR137.686 mln in 2008. Accounting reporting data of the enterprise witnessed on the matter. Company’s income decreased by 15% (to RUR1 bln 520.462

• Iraq, Shell

    Talks between Iraq and Royal Dutch Shell on a natural gas deal near the southern oil hub of Basra are taking longer than expected but still ongoing, a senior Iraqi oil official said on Friday. ‘The heads of agreement will be extended and the project will be presented to the