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Gas

How sanctions will affect the West’s $35bn invested in Russian oil
The US and EU have banned the export to Russia of hi-tech oil equipment needed in Arctic, deep sea, and shale extraction projects. This will leave Western companies, which have an estimated $35 billion invested in Russian oil, in a bind.

30.07.2014 14:44

‘Fighting in Ukraine is all about oil and gas’
For America, democracy is a state that sells its mineral rights and agricultural land to US investors, otherwise, it imposes sanctions, and that's what the US wants from Ukraine, professor of economics at the University of Missouri Michael Hudson told RT.

30.07.2014 12:55

Ukraine's pipelines will lose 50% of value when South Stream starts - Naftogaz head
The South Stream gas pipeline, which bypasses Ukraine, may halve the value of Ukraine’s gas transportation system (GTS), according to Andrey Kobolev, head of Ukraine’s national oil and gas company Naftogaz.

29.07.2014 06:13

EU economic sanctions on Russia won’t affect gas sector – Van Rompuy
EU sanctions on Russia will cut Moscow's access to “sensitive” technologies in the oil sector, according to European Council head Herman Van Rompuy. The gas sector – which Europe depends on – will be unaffected, including Gazprom's South Stream pipeline.

25.07.2014 19:41

Ukraine votes to keep Western companies out of gas industry
Ukraine’s parliament has rejected allowing EU and US companies to buy up to 49 percent of oil and gas company Naftogaz, and also said they were against liquidating the national energy monopoly.

25.07.2014 09:29

Russia may axe Gazprom pipeline monopoly
Gazprom may lose its gas export via pipeline monopoly after Russian President Vladimir Putin asked the government to consider allowing other producers to get a piece of the burgeoning Asia export market.

23.07.2014 10:46

$200 per barrel oil if Russia sanctions escalate- Oxford Economics
If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.

23.07.2014 08:03

California curbs injection of toxic fracking waste into aquifers needed in severe drought
California is shutting down 11 oil and gas wastewater injection sites and reviewing over 100 others in the state’s drought-ravaged Central Valley as officials fear companies have pumped toxic fracking fluids into needed drinking water aquifers.

22.07.2014 15:26

A venture into socialism? Kentucky town becomes first in US to open its own gas station
A Kentucky town listened to its citizens’ complaints about high gas prices within its borders, and responded by opening a gas station run by the city government. Now critics are accusing Somerset’s officials of socialism.

21.07.2014 20:39

Russia ‘solid’ enough to fend off US sanctions – finance expert to RT
Russian firms and banks that fell under new US sanctions have enough funds to ride out the restrictions, Aleksandr Prosviryakov, a partner at Lakeshore International, an asset management firm, told RT in Moscow.

18.07.2014 13:09

Sanctions don't spook Russian companies
The new US sanctions against Russian energy and banks have stolen headlines, but the companies have all made statements that damage will be minimal.

17.07.2014 12:46

Current Rosneft and Exxon projects unaffected by sanctions – Rosneft CEO
ExxonMobil and Rosneft will continue to do business as usual under new US sanctions, Igor Sechin, the CEO of Rosneft Russia’s largest oil producer said on Thursday.

17.07.2014 07:11

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