Russian gas pipelines to go ahead despite U.S. sanctions
New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped. U.S. President Donald Trump has Continue Reading
Is Russia Poised To Own A Stake In U.S. Oil?
As the country’s economy continues to tank, Venezuela’s national oil company PDVSA is approaching the deadline for a $1.1bn note issue due in November, and there’s a pretty good chance Continue Reading
Russian Oil Output Down 307,600 Bpd
Russian oil output is down 307,600 barrels per day, compared to October levels, according to the country’s oil minister. “At the end of July 2017, the reduction of oil production Continue Reading
Will Sanctions On Russia Push The EU To US Energy?
We just need the smoke to settle, first. It brings me back to just a few years ago, when I found myself in the middle of a political tiff between Continue Reading
Russia to Cut 755 U.S. Diplomats, Staff Amid New Sanctions
Russian President Vladimir Putin said Sunday that the U.S. would have to cut 755 diplomats and staff in the country by September in retaliation for impending U.S. sanctions on Moscow. Continue Reading
Russia drafts agreement to tap Iranian oil fields
Russia and Iranian agreement involves the potential to tap into Iranian oil fields. The signing of the deal comes as both countries face tighter sanctions pressure from U.S. lawmakers. Image Continue Reading
Why Are Majors Shying Away From Gazprom?
Despite being the operator of Russia’s only operating LNG project, Sakhalin II, Gazprom has experienced quite a bit of misfortune with its pursuits. Its flagship endeavor, Shtokman LNG , ran Continue Reading
New Sanctions On Russia Anger EU, Oil & Gas Industry
With a vote of 419 to 3, the House of Representatives passed legislation envisaging firmer economic sanctions against Russia as well as a stipulation that would make it harder for Continue Reading
Stakes for Exxon in Sanctions Case Go Far Beyond a $2 Million Fine
The $2 million fine that the Treasury Department levied on Exxon Mobil this week for violating sanctions against Russia is just a sliver of the oil company’s $7.8 billion in Continue Reading
Schlumberger takes control of Russian driller
U.S. oilfield services company Schlumberger announced a deal that establishes it as the majority owner in Russia’s largest drilling and services provider. Extending a six-year relationship, the leading services contractor Continue Reading