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Oil

Russia to create united naval base system for ships, subs in Arctic - Putin
A united system of naval bases for ships and next-generation submarines will be created in the Arctic to defend Russia’s interests in the region, President Vladimir Putin said.

22.04.2014 13:10

Exxon shuts UK pipeline after oil theft
Esso, the UK unit of oil giant Exxon, have closed down an oil pipeline and two suspects have been arrested after thieves tapped into one of the country’s main underground transit routes. More than 30,000 liters of fuel were stolen, according to reports.

21.04.2014 14:21

Gasoline better for environment than corn biofuels, study says
Contrary to popular ‘green’ beliefs, a study funded by the US federal government argues that corn-based biofuels are actually worse for the environment than gasoline, as they emit more greenhouse gasses and deplete soil carbon.

21.04.2014 10:31

​Arctic crude becomes new Russia's oil blend
Gazprom has unveiled the new Arctic crude blend called ARCO. It comes from the Arctic field in North-West Russia. The oil will cost less than the main Russian export Urals blend, as it’s quality is lower.

21.04.2014 10:40

UN: South Sudan rebels killed hundreds in ethnic cleansing of captured oil city
Hundreds of civilians were killed in a mosque and a hospital while hiding from a rebel onslaught on the city of Bentiu, says the UN.

21.04.2014 14:18

Obama administration delays decision on Keystone XL pipeline again
The Obama administration said Friday that it is giving federal agencies more time to assess a proposed trans-national pipeline, likely keeping a decision about the controversial Keystone XL project from being made anytime soon.

18.04.2014 19:08

Shell tells Putin gas project not derailed by Ukraine
Royal Dutch Shell’s new CEO Ben Van Beurden met with Russian President Vladimir Putin on Friday, signaling Ukraine tension has not affected investment in Russia, and that energy contracts won't be derailed by international politics.

18.04.2014 13:31

Putin says oil wars with Russia will make West bleed
Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer.

17.04.2014 10:39

Jimmy Carter among Nobel Prize winners urging Keystone rejection
Jimmy Carter has become first former US president to speak out against the controversial Keystone XL project, which would see tar sands oil flow from Canada to the US.

17.04.2014 05:05

Mega oil field discovered in southern Russia
A new oil field with roughly 300 million tons of oil and 90 billion cubic meters of gas has been discovered in the Astrakhan region of Russia.

16.04.2014 14:41

Arctic Resources: The fight for the coldest place on Earth heats up
The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.

15.04.2014 04:59

'Business as usual’ in Russia – BP
Speaking at BP’s annual shareholder meeting, CEO Bob Dudley said the company can “act as a bridge” between Russia and Europe, adding that it was “business as usual” between the oil giant and Russia.

11.04.2014 10:46

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