Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties
Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties. MOSCOW, July 21 (Reuters) – U.S. Continue Reading
Exclusive: Russia, Venezuela discuss Citgo collateral deal to avoid U.S. sanctions
Russia’s top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal – a move to avoid complications Continue Reading
Exxon sues to stop $2m fine over Russia sanctions breach
ExxonMobil has sued the US Treasury in an attempt to stop a fine for allegations it behaved with “reckless disregard” for violating Russian sanctions while Rex Tillerson, now US secretary Continue Reading
The strange legal battle that is pitting Trump’s secretaries of the Treasury and State against each other
Russian President Vladimir Putin and then-ExxonMobil chief executive Rex Tillerson, right, attend a signing ceremony of an agreement between state-controlled Russian oil company Rosneft and Exxon Mobil corporation in 2012. Continue Reading
Russia boasts of Turkish gas pipeline progress
Russian energy company Gazprom is moving forward with developments of a gas pipeline through Turkey with shallow-water preparations, a spokesperson said. Russian energy company Gazprom said construction of a pipeline Continue Reading
Russians worried about the cost of living
With an economy tied strongly to the oil and gas export market, pollsters in Russia said there’s mounting concern about inflation and external shocks. Russia’s economy relies heavily on oil Continue Reading
US Said to Stymie Japan’s Plan to Explore for Russian Oil
A Japanese group’s plans to explore for Russian oil with state-run Rosneft PJSC have been stymied by U.S. intervention over sanctions, according to people familiar with the matter. Washington’s objection Continue Reading
Russia committed to oil price stability effort
Russian President Vladimir Putin says his country is committed to a multilateral effort to stabilize the energy markets through coordinated production declines. File Photo by Yuri Kadobnov/Pool/EPA July 7 (UPI) Continue Reading
Russia Now Ready To Consider More Oil Output Cuts If Needed
Just a day after Russia’s Energy Minister Alexander Novak said that the OPEC/non-OPEC production cut pact was working and that there was no need to make immediate additional moves, an Continue Reading
Russia’s Novak says global oil pact working, no new steps needed
Russian Energy Minister Alexander Novak said a global pact by OPEC, Russia and other producers to cut oil output had dampened price volatility and was reducing bloated inventories, so no Continue Reading