Oil

25.05.2012 19:29 4 comments Gazprom seeking new partners to spur Shtokman Gazprom might be looking for new partners in the Shtokman gas project as reports suggest Norway’s Statoil has decided to leave the joint venture. Shell may take its place, according to a Kommersant daily report.		24.05.2012 21:46 3 comments Private energy firms welcome in the Arctic, but no license reselling All non-state Russian fuel and energy companies should have the right to develop offshore oil and natural gas fields, as long as they don't resell their rights to foreign corporations, says President Vladimir Putin.
24.05.2012 13:07 7 comments Russian energy assets to go private Russia is to allow private investors access to state gas and oil assets with a partial privatization of Rosneftegaz holding, which controls stakes in Gazprom and Rosneft.		22.05.2012 19:48 7 comments Iran plans a new terminal to bypass Hormuz Iran is set to build a new oil terminal outside the Strait of Hormuz in a bid to protect vital exports from potential problems in the Gulf region and to boost Caspian oil shipments.
22.05.2012 19:01 1 comment Russian markets welcome new Rosneft head Former Russian Deputy Prime Minister Igor Sechin has been appointed the new head of Rosneft, one of the world's top publicly traded oil and gas companies. The markets were quick to respond, with stock gaining 3.35% shortly after the news came out.		21.05.2012 14:36 12 comments Cut oil dependency before too late - former Finance Minister Kudrin Fighting oil dependency should be a top priority for the new Russian cabinet announced on Monday, as oil prices are likely to decrease to $80 per barrel, says former Finance Minister Aleksey Kudrin.
16.05.2012 18:25 1 comment Greece gets crude: Athens turmoil hits oil Crude prices have fallen to their lowest in six months amidst mounting concerns over Greece leaving the euro. A sharper drop will follow, should Athens finally quit the monetary union, Dave Ernsberger, global director for oil at Platts, told Busines RT.		05.05.2012 20:26 7 comments Pricey ice: Russia, Norway sign megabuck Arctic agreement Statoil and Rosneft will spend about $60 bln to jointly explore and develop Russia’s Arctic shelf. This will allow another foreign company access to Russia’s oil and gas deposits, while domestic partners are still to be selected.
27.04.2012 16:23 1 comment Lukoil: Keep away from West Qurna oil field Russia's leading crude producer Lukoil is ready to develop one of Iraq’s largest oil fields, West Qurna-2 without partners, Lukoil’s chief said.		26.04.2012 22:29 6 comments Massive Siberian oil spill leaves thousands without water A giant oil slick is flowing along Russia's Angara river, in southeastern Siberia. Authorities have declared the situation an emergency, with some 80,000 people stranded without water.
25.04.2012 16:09 4 comments Italy gets oil deal to explore Russian arctic Italy's Eni and Russia’s leading oil producer Rosneft have completed a deal to search for oil and gas in the Russian Arctic. It’s the second major deal on Arctic development for Rosneft as it signed a partnership with ExxonMobile last week.		25.04.2012 14:24 3 comments Russia’s LUKOIL starts Iraq drilling Russia’s oil major LUKOIL has started drilling operations at the West Qurna-2 oil field near the Iraqi port of Basra. The company targets 150,000 barrels daily production in 2013 to recover costs of the project.
24.04.2012 14:33 12 comments Sudan declared war on our country - South Sudan president The president of South Sudan says attacks by the North amount to a declaration of war on his country. Khartoum and Juba, which became independent last year, remain embroiled in a conflict over sharing oil profits and establishing frontiers.		23.04.2012 23:30 18 comments Suspected cyber-attack hits Iran’s oil sector A virus has been discovered in computers running key parts of Iran's oil sector, forcing authorities to unplug its main oil export terminal from the Internet.
23.04.2012 16:57 Slip ups in the Russian oil fields The Russian oil industry is coming under fire from the government for pollution. A week after TNK-BP was accused of causing hundreds of oil spills in Siberia, Russian oil major Lukoil reported a significant oil spill in the Arctic.		23.04.2012 13:07 9 comments Chinese money to 'settle' Sudanese oil divorce? South Sudan is to seek investment from China for a new pipeline. This would allow it to export oil without the consent of its northern enemy Sudan. The two parts of a formerly united country are in a bloody conflict over control of crude revenues.
22.04.2012 23:07 7 comments Thousands displaced by Sudan border clashes The ongoing military standoff between Sudan and South Sudan has forced thousands from their homes, fearing for their lives. This is according to a United Nations Human Rights report.		20.04.2012 22:13 1 comment Siberian mega-corporation to grab Gazprom and Transneft pie Russia plans to create a state-run mega-corporation to develop Siberia and the Far East. It would have almost unprecedented powers.
20.04.2012 19:29 3 comments Russia gets closer to making its gas way to Europe The South Stream pipeline is finally taking shape as shareholders have agreed to build the northern leg of pipeline to Austria first. Construction will start sooner than expected in December of this year.		19.04.2012 20:02 11 comments YPF: To privatize or to nationalize… That is the Question! While Argentineans went into “nationalistic flag-waving mode” on news the YPF oil company will be nationalized, and its former owner Repsol, Spain and the West went furious, there’re many hidden currents that led to the outcome.

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