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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 News Round-Up Tue May 20, 2025 01:09 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link The Return of the ?Boiler Tax? Mon May 19, 2025 19:16 | Will Jones
Households are facing the threat of a?new ?40 'boiler tax'?as Labour consults on plans to raise heat pump targets despite waning demand. "It?s like fining the local butcher because people aren?t eating enough greens."
The post The Return of the ‘Boiler Tax’ appeared first on The Daily Sceptic.

offsite link Top Doctors Say it is ?Inconceivable? that Biden?s Cancer Diagnosis Wasn?t Caught Sooner Mon May 19, 2025 17:06 | Will Jones
Medical experts have declared it "inconceivable" that former President Joe Biden's "aggressive" form of prostate cancer was not caught earlier by doctors, raising questions about a cover-up.
The post Top Doctors Say it is “Inconceivable” that Biden’s Cancer Diagnosis Wasn’t Caught Sooner appeared first on The Daily Sceptic.

offsite link Starmer Binds Future Governments to EU Fishing ?Surrender? Deal to ?Reform-Proof? It Mon May 19, 2025 15:00 | Will Jones
Keir Starmer has effectively bound future governments to his?12-year fishing rights 'surrender' deal with Brussels in order to 'Reform proof' it after Farage's party topped the recent polls.
The post Starmer Binds Future Governments to EU Fishing ‘Surrender’ Deal to ‘Reform-Proof’ It appeared first on The Daily Sceptic.

offsite link The Sheer, Bug-Eyed Insanity of Labour?s ?Banter Ban? Mon May 19, 2025 13:00 | Toby Young
Amidst all the problems facing the hospitality sector, Labour wants to add to them by forcing them to impose a ?banter ban?. We need to stop this madness before even more pubs are forced to close.
The post The Sheer, Bug-Eyed Insanity of Labour?s ?Banter Ban? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | 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=
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