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Tag Archives: Russia

BP profit jumps but warns of Russia sanctions impact

Ron Bousso | Reuters LONDON – Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft. BP said that to date, the sanctions had not had a significant effect on its business in ...

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Energy News Roundup: $50 bn Yukos settlement, battery tech breakthrough and bulls flee natural gas

Jared Anderson | Breaking Energy Mikhail Khodorkovsky, the former Yukos oil company chairman who was charged with embezzlement and tax evasion, speaks to the media at his first press conference since his release from a Russian prison two days before on December 22, 2013 in Berlin, Germany A European court ruled former Russian oil company Yukos’ shareholders are entitled to ...

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US: Russia has fired rockets into Ukraine

Deb Riechmann | The Associated Press WASHINGTON — Stepping up pressure on Moscow, the U.S. has released satellite images it says show that rockets have been fired from Russia into neighboring eastern Ukraine and that heavy artillery for separatists has crossed the border. The images, which came from the U.S. Director of National Intelligence and could not be independently verified ...

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German business ‘100 percent behind sanctions’ if Putin doesn’t help

BERLIN (Reuters) – A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilizing the situation in Ukraine. “Business will implement what the government and EU decide. If they say Russia is not cooperating enough and we are applying tougher sanctions, ...

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Export U.S. natural gas to best Russia, Tiberi says

Jack Torry | Columbus Dispatch (Columbus, Ohio) WASHINGTON — Calling Russian President Vladimir Putin “Czar Putin,” Rep. Pat Tiberi urged President Barack Obama yesterday to step up efforts to export natural gas to Europe to encourage European countries to back tougher economic sanctions against Russia. With anger mounting on Capitol Hill after a Malaysian jet was shot down last week, the ...

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Oil stays above $102 amid Gaza peace efforts

Pablo Gorondi | The Associated Press The price of oil inched further above $102 a barrel Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions on Russia that fell short of a heavy hit. By early afternoon in Europe, the benchmark U.S. oil contract for September delivery was up 20 cents ...

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Help wanted in China’s energy sector

Jared Anderson | Breaking Energy China’s race to meet rapidly rising energy demand is driving a scramble to find experienced talent to staff its booming energy sector. China is among the world’s top ten producers of oil and gas, and is the world’s largest coal producer, according to BP’s latest Statistical Review of World Energy. And an Energy Information Administration ...

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Energy News Roundup: Steyer Controversy, ExxonMobil Controversy and MENA Oil & Gas Production Vulnerability

Jared Anderson | Breaking Energy Billionaire activist Tom Steyer came under the microscope last week when the New York Times profiled his role in managing a fund that invested heavily in Australian coal. Now a climate change mitigation crusader and democratic funder, some have called Steyer’s former Wall Street activity his Achilles’ heel, but many in the environmental community rushed ...

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Obama to speak about downed plane in Ukraine

Julie Pace and Lolita C. Baldor | The Associated Press WASHINGTON — President Barack Obama will speak about the downed plane in Ukraine from the White House Friday morning. U.S. officials have said the plane was shot down Thursday by a missile. But the Obama administration has not said who it believes is responsible for firing the missile. So far ...

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