The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Articles Tagged "russia"
Businessweek reported that Russian leader Vladimir Putin is looking to sign a deal to supply pipeline gas to China for the next 30 years. The deal would take place next month, and has become more likely in light of the recent Ukraine crisis, according to the publication.
Bloomberg reported today that Ukraine is reacting to natural gas price “aggression” from Russia by rejecting higher costs for the energy source.
The European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross Atlantic suppliers as one possible alternative to Russian gas supplies.
Reuters reported today that although Europe and Slovakia may be able to reverse natural gas flows to Ukraine to combat Russian price increases, Russia's Gazprom is questioning the legality of doing so.
Forbes reported that natural gas exports from the United States might not be a useful weapon against Russian in light of the recent annexation of Crimea.
The Wall Street Journal reported that oil futures sank today due to expectations that western sanctions on Russia and Ukraine probably will not impact oil and gas supply.
Brent crude gained on Friday, but was down for the week. Meanwhile, the International Energy Agency increased its estimate for 2014 oil demand.
To help investors understand what is going on in the uranium market, Uranium Investing News spoke with Marin Katusa, Chief Energy Investment Strategist for Casey Research.
Here's a look at what lignite is, what it's used for and where it's mined.