New direct link between Russia and Germany is the first of two twin lines that could eventually supply Western Europe with 55 billion cubic metres of gas per year.
Continue reading "Nord Stream Gas Pipeline Opened Between Russia and Germany"
Tuesday, November 1, 2011
Bloomberg reported that China and Russia are nearing agreement on a gas supply deal.
Continue reading "China and Russia ‘Working Hard’ to Complete Gas Deal"
Tuesday, September 6, 2011
After BP-Rosneft deal falls through, Exxon score a major coup with partnership that grants them access to untapped reserves that could top 110 billion barrels of oil equivalent.
Continue reading "Exxon Tie Up Deal With Rosneft To Explore Russian Arctic"
Friday, September 2, 2011
Bloomberg reported that heavy oil refiners in Russia may receive a tax break to offset increased export duties.
Continue reading "Russia Prepares Extraction Tax Breaks for Heavy Oil Deposits"
Monday, July 4, 2011
Bloomberg reports that Russian stocks are up for the fifth day as crude oil rose to $95 a barrel.
Continue reading "Russian Stocks Rise Fifth Day on $95 Crude Oil, Greece Bailout"
Tuesday, June 21, 2011
Both China and Russia remain confident that an agreement over pricing will eventually be reached.
Continue reading "China-Russia Talks Stall Over Gazprom Deal"
Monday, May 30, 2011
Bloomberg reported that Russia will be raising its export duty on oil to its highest level in three years.
Continue reading "Russia Raises June Oil Duty to 3-Year High, Extends Gasoline Tax"
Monday, March 21, 2011
The Energy Information Administration (EIA) forecasts that increasing consumption in 2012, led by strong growth in the electric power sector, should contribute to higher prices and to an economic incentive for producers to resume drilling.
Continue reading "Rising Gas Prices to Follow Japan Disaster"
Monday, March 14, 2011
Spot market oil prices fell to a two-week low in New York on speculation that the worst earthquake in Japan’s history will hurt growth and reduce fuel demand in the world’s third largest economy.
Continue reading "Oil Industry Impact from Earthquake in Japan"
Monday, February 21, 2011
The two companies also intend to create a joint commercial interest to purchase, transport and market natural gas, which is increasingly important for the Indian economy following over 8 percent growth last year. India currently imports most of its oil and has opened considerable regions of territory to oil and natural gas development in recent years.
Continue reading "Top Oil Producer Targeting Assets in India"
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Monday, November 14, 2011