Moscow’s 15-month marathon of energy deals with China will boost the credit of Russian oil and gas companies and reduce Russia’s reliance on European energy markets, Moody’s Ratings Agency said in a note.
The European Union may ban the ‘re-selling’ of gas and limit industrial use as part of a contingency plan to create a stockpile for next winter, in case Russian gas stops flowing through Ukraine, according to a European Commission source.
A “ghost ship” oil tanker carrying approximately $100 million of disputed Iraqi Kurdish crude oil has reappeared on satellite imagery near the US coast Monday, after disappearing for several days. The tanker seems not to have offloaded its oil.
More than 100 business leaders have voiced their skepticism over Scottish independence, arguing a clear case has yet to be made. The heads of UK’s largest businesses said the outcome of the September 18 referendum will affect generations to come.
Canada is ready for a confrontation with Russia if it expands its ambitions in the Arctic region, Foreign Minister John Baird told a Danish newspaper. The oil-rich region is set to become a key political battleground in the coming decades.
Actor Leonardo Di Caprio and other leaders of opposition against tar sands production in Alberta, Canada challenged some high-profile corporate and government players to take the Ice Bucket Challenge, a social-media-driven fundraiser for ALS research.
Russia’s biggest oil company Rosneft has agreed to purchase a stake in Norway's North Atlantic Drilling (NADL) through an asset swap, which appears to show businesses remain undeterred by political sanctions.
Spain’s biggest oil company Repsol has passed its final hurdle to begin exploring oil reserves off the coast of the Canary Islands, Africa’s northwest waters. The approval from the Energy Ministry came despite protests from environmentalists.
The US is conducting air strikes and supplies weapons to help outgunned Iraqi Kurds fight off the offensive of Islamist militants. The Kurds are battling against extremists armed with American arms and nurtured thanks to America’s policies.