US sanctions 400 additional targets for helping Russia's war efforts
The State Department announced that the United States imposed sanctions Friday on more than 400 individuals and entities for supporting Russia's military effort in Ukraine. This included Chinese firms, which U.S. officials believed were…
US sanctions 400 additional targets for helping Russia's war efforts
The State Department announced that the United States imposed sanctions Friday on more than 400 individuals and entities for supporting Russia's military effort in Ukraine. This included Chinese firms, which U.S. officials believed were…
Ukraine's Odessa Gets First WTI Oil Cargo from US
Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S.
Russia: Arctic Offshore Oil Feasible at $130/bbl
The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…
Exxon Quits Some Rosneft Joint Ventures Citing Sanctions
Exxon Mobil Corp will exit some joint ventures with Russia's Rosneft, citing Western sanctions first imposed in 2014, while the Russian company said the pullout will result in serious losses for its U.S. partner. The move is an about-face for Exxon…
New Gas Dispute Between Ukraine and Russia Begins
Russia's Gazprom refuses to restart supplies to Ukraine; Ukraine's Naftogaz demands compensation. Kiev and Moscow plunged into a new gas dispute on Thursday after Ukraine's Naftogaz demanded compensation for Gazprom's unexpected decision not to restart gas supplies.
EU Divided On New US Sanctions against Russia
European Commission preparations to retaliate against proposed new U.S. sanctions on Russia that could affect European firms are likely to face resistance within a bloc divided on how to deal with Moscow, diplomats, officials and experts say. A bill agreed by U.S.
Naftogaz to Sign Gas Deals with Vattenfall, Trafigura
Ukraine's Naftogaz plans to sign natural gas purchase agreements with Trafigura Trading (Europe) Sarl and Vattenfall Energy Trading GmbH as it expands supply from Europe. Kiev has looked to diversify away from Russian energy imports since Russia's annexation of Crimea in 2014.
US Will Not Issue Drilling Waivers to Russia Sanctions
The United States will not make an exception for American companies, including oil major Exxon Mobil Corp, seeking to drill in areas prohibited by U.S. sanctions on Russia, Treasury Secretary Steven Mnuchin said on Friday. "In consultation with President Donald J.
Poland has Natgas Exports 'understanding' with U.S.
Poland's desire to cut natural gas imports from Russia has led to an "understanding" with the United States to work toward a deal to export liquefied natural gas to its new Baltic Sea terminal, the country's deputy prime minister said on Wednesday.
Obama Administration Bars New Oil, Gas Exploration off Alaska
The Obama administration on Friday blocked new exploration for oil and gas in Arctic waters, in a win for environmental groups that had fought development of the ecologically fragile region. The Department of the Interior released a…
Exxon CEO back in Russia after Two-year Hiatus
Exxon Mobil Chief Executive Rex Tillerson is to attend a major investment forum in Russia this week, two industry sources said, ending a two year absence from the event that began when sanctions were imposed on Russia over the crisis in Ukraine.
Rosneft Set to Lower Oil Output
Rosneft, Russia's top oil producer, is set to lower oil output, Russian Natural Resourses Minister Sergei Donskoi said on Tuesday, giving no time frame for the decrease. He also said he hoped that state-controlled Rosneft will resume drilling for oil in the Arctic.
Rosneft Set to Lower Oil Output
Rosneft, Russia's top oil producer, is set to lower oil output, Russian Natural Resourses Minister Sergei Donskoi said on Tuesday, giving no time frame for the decrease. He also said he hoped that state-controlled Rosneft will resume drilling for oil in the Arctic.
Nord Stream 2 Backers Must Explain Project Better
The consortium behind the proposed Nord Stream 2 expansion that would boost Russian gas supplies to Europe needs to do a better job easing fears the project will dent the region's energy security, a member of the consortium said on Wednesday.
Gazprom: Ukraine Owes $2.6 bln for 2015 Q3 Gas
Gazprom says Ukraine has to pay for 10.485 bcm; Kiev has refused to buy Russian gas. Russia's Gazprom said on Tuesday that Ukraine owes it $2.549 billion for gas in the third quarter of last year which should be paid off in the next 10 days…
Ukraine: Russia Looted Two Crimean Oil Rigs
Ukraine accused Russia on Wednesday of looting two of its oil rigs after Crimea-based oil and gas firm Chornomornaftogaz moved the equipment off the coast of the annexed peninsula into Russian waters. Russia annexed Crimea from Ukraine…
Baltic States Look to Cut Energy Cord with Russia
Baltic states are looking to synchronise their electricity grids with Nordic countries, away from Russia, in a move that has angered the Kremlin and could cost hundreds of millions of euros, government and energy officials said. More…
US and Russian Gas Exporters Square up over Europe
The first export of U.S. gas to Europe will head for Lithuania, two industry sources say, a gesture to the Baltic states, reliant on Russia for supply, and the likely first shot in a price war over market share in Moscow's backyard. The February delivery will be of U.S.
Germany: Gas Deal Doesn't Ease Russian Concerns
An asset-swap deal between Russian energy group Gazprom and German chemicals group BASF should not be interpreted as a sign of easing tensions over the Ukraine crisis, a German Foreign Ministry spokesman said on Friday. BASF said earlier on Friday that under the deal…
