The Bush administration has received a shock when Shell struck an important deal to help Iran for developing a major gas field. The US State Department has reportedly stated that the US authorities will take a look at the controversial agreement...
Archive - January 2007
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State-owned gas monopoly Gazprom of Russia has reported that its export revenue surged 43 percent last year to a record mark $37.2 billion. Gazprom supplies almost a quarter of Europe's gas consumption. The export revenue of the firm shot up last...
After Royal Dutch Shell, BP seems to be next in line to be forced to sale its majority stakes in Russian projects to state owned companies of Russia. BP has reportedly invested $6.15 billion in the joint venture known as TNK-BP. The joint venture...
Foreign oil companies are finding it tough to ward off increasing pressure in Latin America as Honduras and Venezuela try to wield greater control over energy sector. However, U.S. oil firms have said that they will maintain their presence in...
The recent standoff over oil prices between Russia and Belarus has sent rippling effects to Europe, triggering debates on alternative energy and the reliance on fuel coming through regions trapped in precarious politics involving Russia and other...
In a major breakthrough in Russian-Belarus economic and political disputes that witnessed disruption of oil shipment to Europe, Russia agreed to slash the duty for crude oil flowing to Belarus. Under the agreed terms now Belarus will pay $53 per...
China has asked the U.S. to stop interfering in its trade affairs with Iran, after Washington expressed apprehensions over a planned energy deal with Iran. Reacting sharply over the issue, Beijing said that plans by the state owned energy company...
Belarus has restarted pumping Russian oil to European nations which was earlier blocked by Russia. Druzbha pipeline resumed oil supplies to Poland, Germany, Ukraine and Slovakia after ending a row over the gas prices between Russia and Belarus. While...
Bowing to the immense pressure mounted by the democrats, the U.S. government decided to lift a long-standing moratorium on drilling in Bristol Bay, Alaska. The decision was also taken when OPEC started planning to reduce supply of oil and gas in...
The latest Russia-Belarus row over gas prices seems to be running in deep crisis as the Russian State pipeline operator Transneft cut oil supplies to Belarus. The recent Russian move has halted oil supplies to Poland, Germany and Ukraine who were...
In an interesting development, Belarus hits back at Russia by slamming huge taxes on Russian oil transported through its pipeline to European countries. The decision was taken after three days when Belarus halfheartedly agreed to demands by the...
Russia's growing clout as a store house of natural gas has proved a bane for tiny neighbor and ally Belarus who will have to pay double the price for gas supply in order to ward off a cold winter.
Russian state-controlled oil and gas...
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