Gazprom

St. Petersburg International Economic Forum

Europe will require considerable volumes of Russian natural gas for the foreseeable future, but EU members are increasingly unhappy with paying oil-linked prices for the fuel. In the latest attempt at loosening the old Soviet energy yolk from Central and Eastern Europe, EU regulators yesterday filed an antitrust suit against Gazprom that could total $15… Keep reading →

Russia's Gas Monopoly Gazprom Headquarters

Energy companies tend to go to great lengths to deflect or avoid negative attention. That’s what makes this Gazprom campaign so, um, surprising. Gazprom Arctic sent out a tweet today – the same day news broke that the EU is going to charge the gas giant in an antitrust case – with a picture attached. The… Keep reading →

Russian Gas Supplies Through Ukraine Turned Off

Reported by Julia Chatterley, written by Catherine Boyle The long-term prospects for the gas market are looking good, in spite of the current price pressures, the chief executive of Gazprom Export told CNBC. The natural gas industry has expanded rapidly in the last few years with the U.S. becoming a net exporter of the commodity… Keep reading →

Denver Broncos v Oakland Raiders

Russia has charged Greenpeace activists with piracy for trying to climb onto a Gazprom drilling platform in the Arctic. The charges “carry a potential prison sentence of up to 15 years and a fine of 500,000 rubles (about $15,500)”. [Fuel Fix] China’s National Development and Reform Commission has said that both consumers and refiners will need… Keep reading →

St. Petersburg International Economic Forum

Bad news for Gazprom: sources say that Russia is going to break the gas giant’s monopoly on LNG exports. “[State-controlled oil giant] Rosneft signed an agreeement with ExxonMobil to develop a LNG project in Russia’s Far East. [Independent gas producer] Novatek clinched a deal with CNPC for a joint development of the Yamal LNG project.” [Natural Gas Europe] Bad news for… Keep reading →

St. Petersburg International Economic Forum

Only in Russia can state-controlled oil company executives buy stock in the firm with money borrowed from a bank whose capital is largely generated by the country’s state-controlled natural gas company. That would never fly in the US. Remember the controversy about former Vice President Dick Cheney’s Halliburton relationship? The Moscow Times reports: A recent 3.1… Keep reading →

Berlin Wall Ice Sculpture Unveiled In London

A crazy sounding, but apparently not-so-crazy, solution to prevent groundwater contamination at the damaged Fukushima Nuclear Power Plant involves constructing subterranean ice walls around the facility. This is reportedly a proven technology currently being piloted in Canada’s oil sands region. [Quartz] It’s been 10 years since a major blackout knocked out power to 50 million… Keep reading →

Price Of Oil Rises As Iran Possibly Halts Exports To Some EU Countries

As West Texas Intermediate crude prices surge on US fundamentals, geopolitical considerations and infrastructure bottleneck alleviation, the Brent-WTI spread is now razor thin. The US benchmark’s discount to Brent fell to less than $2 per barrel for the first time since 2010 – WTI’s price climbed to 15-month highs – as crude for August delivery… Keep reading →

The Nation's Capitol Celebrates 4th Of July With Fireworks Display

Hope everyone had a nice 4th of July! Here’s what’s happening in energy news. West Texas Intermediate crude is trading near a 14-month high, spurred by unrest in Egypt and a sunny outlook for US economic growth. [Bloomberg] And Brent hit a three-month high today after Egypt’s army declared a state of emergency in areas… Keep reading →

RUSSIA-BRITAIN-ENERGY-OIL-COMPANY-BP-ROSNEFT

The Department of Energy looks set to award $8 bln in loan guarantees to limit greenhouse gas emissions produced from the oil & gas and coal sectors. The DOE’s proposal would apply to both downstream carbon capture – such as from coal-fired power plants – and to upstream emissions mitigation. Perhaps not what the world… Keep reading →

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