Russian President Vladimir Putin has decided not to proceed with the proposed controversial South Stream gas pipeline, a multi-billion energy project already half a decade
Tag: Russia
Oil-Exporting Countries to Tap into Sovereign Funds to Balance Budgets
Energy-exporting countries, which have put away billions of dollars in sovereign investment funds, may now be forced to draw on their “savings” as oil revenue
Europe’s Biggest Fertilizer Maker to Increase Sales at Home and Latin America
OAO PhosAgro, the biggest fertilizer maker on the European continent, plans to increase its sales by a factor of two of the selected plant nutrients
Russia and China Sign a Second Gas Deal
Moscow and Beijing have signed the second gas deal for a gas supply although plummeting energy prices are increasing doubts about the overall mutual Russia-China
Sub-Saharan Africa to Overtake Russia as No.1 Gas Supplier by 2040
Sub-Saharan Africa will overtake Russia as the world’s number one gas supplier by 2040, according to the International Energy Agency (IEA), thus boosting the efforts
Tumbling Oil Prices : A Blessing in Cursed Times?
An average consumer is not, frankly speaking, used to the fact that oil prices can also fall. In fact, economic history reveals that the harshest
First Crude Oil from Western Canada to Reach Europe
Suncor Energy Inc, Canada’s largest oil and gas producer, has sent its first ever tanker of heavy crude oil from Canada’s East Coast to Europe.
Exxon Mobil Given More Time to Stop Drilling in Russia
Exxon Mobil announced on Friday (19 September) that it would wind down some of its operations connected to drilling in Russia’s Arctic after the Western
OPEC Expected to Lower Production Target
The secretary general of the Organization of Petroleum-Exporting Countries (OPEC), Abdullah al-Badri, said that his organization was planning to lower its production objectives during its
BP Faces a New Wave of Fines, Leading to Disinvestment
BP, sometimes referred to by its former name British Petroleum, the world’s sixth largest energy company by market capitalization, is facing a new batch of