Russia

Oil Boom Shifts The Landscape Of Rural North Dakota

Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →

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US military veterans are often a great fit for oil & gas industry jobs and Pennsylvania has developed numerous programs to help make that connection. “The traits that the military imparts on the men and women — loyalty, courage, safety, commitment, leadership, teamwork — are all valued by employers in this industry,” said Dave Pistner,… Keep reading →

Halliburton Co. in Fort Worth, Texas

As US- and EU-led economic sanctions against Russian energy players crank up, the degree to which Western interests could be collaterally damaged is again being called into question. The EU has shied away from sanctioning Russian gas industry participants because the bloc is so reliant on Russian gas supply, but oil market pressure could also… Keep reading →

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WASHINGTON: ISIL has battled its way to the Golan Heights, putting its mad troops opposite battle-hardened Israel. NATO says satellite imagery prove Russian troops and materiel are flowing into Ukraine. The president of Ukraine cancels a trip to Turkey and announces mandatory conscription. “Columns of heavy artillery, huge loads of arms and regular Russian servicemen came… Keep reading →

E.ON IBU Worldcup Biathlon Annecy - Antholz-Anterselva: Day Four

The German government is providing the country’s largest utility E.ON loans to help competitively bid for global LNG supply as Berlin seeks to diversify gas import sources away from Russia. The loans strengthen E.ON’s credit rating and help the company compete with government-backed companies that LNG suppliers favor. “Those guarantees have in the past been… Keep reading →

OPAL Pipeline To Connect To Baltic Sea

Calls for stricter economic sanctions against strategic Russian energy players are not universal among European Union countries, particularly those where Russian oil and gas dependence is most deeply entrenched. The degree to which various EU members support or oppose the South Stream Pipeline project illuminates those countries reluctant to distance themselves too far from vital… Keep reading →

Gerhard Schroeder Becomes Head Of Russian-Led Gas Pipeline Project

This detailed, scenario-based analysis considers potential European natural gas supply outcomes this winter. Relations between Moscow and the West have deteriorated to arguably the lowest levels since the Cold War over Russia’s continued aggression in Ukraine. Increasingly strict economic sanctions have been initiated by western governments and intergovernmental organizations against strategic sectors of Russia’s economy… Keep reading →

Greenspan Warns Of Danger Of High Natural Gas Prices

A theory emerged to explain the appearance of a massive crater in Russia’s hydrocarbon-rich Yamal Peninsula that has climate-change observers extremely concerned. Analysts have long known that Russia’s energy future lies beneath the frozen ground of Yamal and independent producer Novatek is building a large LNG export project now with the help of French oil… Keep reading →

Merkel And Medvedev Inaugurate Nord Stream Gas Pipeline

Last week, the US and the EU hit Russia with a new sanctions regime in order to punish its continued meddling in destabilizing Eastern Ukraine. The economic restrictions are dubbed ‘Stage Three’ sanctions, indicating the increased level of severity meant to further ratchet up costs to the Russian economy. The sanctions now target Russian banking,… Keep reading →

G7 Leaders Meet To Discuss Ukraine During Nuclear Summit

The quest to encourage better behavior from Russia continues. President Obama and the European Union this week announced new sanctions to protest Russia’s involvement in Ukraine, measures that focus on Russia’s energy, arms and finance sectors. The president: “Today … the United States is imposing new sanctions in key sectors of the Russian economy:  energy,… Keep reading →

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