- Mitsui & Co. and Mitsubishi hold minority stakes and operate the Sakhalin-2 oil and gas project alongside Gazprom.
- Gazprom acquired a stake in Sakhalin Energy, a corporate change reported by media outlets.
Oil Spill Incident and Criminal Investigation in Sakhalin
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
In 2004, the dredger Cristoforo Colombo grounded near Kholmsk on Sakhalin during Typhoon Songda. Fuel tanks ruptured, causing oil to reach the sea and shoreline. Russian prosecutors opened a criminal investigation into the incident. Sakhalin Energy later revised the amount of oil released from an initial estimate of 190–200 tonnes to a final company estimate of 28 tonnes.
Why it matters
The incident prompted environmental organizations to demand that marine work halt, and the event led to a criminal investigation by Russian prosecutors. Shell maintains a significant operational and financial presence in the Sakhalin region through joint ventures and investment.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ShellSpeculative
Could face increased operational costs or reduced revenue due to criminal investigations and demands to halt marine work in Sakhalin.
- Sakhalin OblastSpeculative
Might see changes in investment or insurance costs due to renewed media scrutiny of oil industry practices and liability in the region.
How it developed
Newest first. Tap a step to see who reported it.Steiner provided oil-spill recommendations for Sakhalin, coinciding with a vessel grounding incident involving Shell.1 source
Rick Steiner reviewed oil industry practices on Sakhalin and held dominant shareholder status in Sakhalin Energy.1 source