January 29, 1992 |
In the largest potential deal so far between foreign energy companies and the Russian energy industry, a U.S.-Japanese consortium has won the international competition to explore two big oil and gas fields on Sakhalin Island, off the Siberian coast. After months of rumors and speculation, the MMM Group--comprised of Marathon Oil Co. and McDermott International Inc., both U.S. firms, and Mitsui & Co.
August 30, 1994 |
In a tiny, frozen encampment just south of the Arctic Circle in western Siberia, Clancy Cottman entered a large tepee with 19 members of a local clan of reindeer herders. Cottman, vice president of business development for Benton Oil and Gas Co., had arranged the January, 1993, meeting to ask the clan for permission to begin drilling for a vast pool of oil resting far beneath the surrounding tundra.
June 7, 1992 |
With little attention or sympathy from the American public, much of the U.S. oil industry is packing it in and moving overseas. Few sectors of the economy have faced a more wrenching adjustment during a period of fundamental economic change than the domestic oil business. Some statistics from the American Petroleum Institute tell the story: * More than half the 754,500 jobs in U.S. exploration and production that existed in 1982 are now gone. * Almost a third of 165,800 jobs in U.
November 27, 1992 |
Arctic Oil Bid Won by Russian Consortium: Russian President Boris Yeltsin has awarded the rights to develop a major offshore oil and gas field in the Arctic to a Russian defense industry consortium, rejecting a bid by a Western group. The decree gave the politically influential Russian Shelf Development Co., known by its Russian acronym "Rosshelf," the right to explore and tap deposits off the Novaya Zemlya archipelago in the Barents Sea, Yeltsin's press office said.
December 19, 2013 |
MOSCOW - He was once Russia's richest man and, by some measures, President Vladimir Putin's most potent foe. By Thursday, when Putin said he was likely to grant clemency to Mikhail Khodorkovsky, that was all long in the past. Both Khodorkovsky's power and the source of his wealth have been lost over the course of a decade in prison, and Putin's position as Russia's leader is more secure than ever. Khodorkovsky's release would signal an end to a remarkable saga that has been one of the hallmarks of Putin's tenure, and has led to international condemnation of what many view as a high-profile violation of human rights.