Gazprom Largely Unaffected by Western Sanctions
The Gazprom Board of Directors took note of the information regarding the effect of the Western sanctions on Gazprom Group in 2015–2016 and the corresponding mitigation measures. It was pointed out at the meeting that Gazprom had in due time assessed the potential effect of the sanctions-related risks on the …
Platts: Sanctions Not Affecting Russia As Deeply As Planned – Drilling Volumes Up Significantly
International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but …
ExxonMobil: Confirms “Wind Down” Universitetskaya Exploration Well
ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the Universitetskaya-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to …
Dolphin Geophysical: Receives Kara Sea Arctic Seismic Clearance Despite Sanctions
Dolphin has received confirmation from the Export Control Division of the Norwegian Foreign Department that the recently announced contract in the Kara Sea is not subject to the current trade restrictive measures against Russia. Atle Jacobsen, Dolphin CEO, quoted; “Dolphin is extremely appreciative of the prompt reply and clear guidance …
Lukoil Evaluating JV with Total on Unconventional Fields in Light of Sanctions
The chief executive of Russia’s top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France’s Total. The United States has imposed sanctions on leading Russian energy companies including Gazprom, Rosneft and Lukoil, preventing U.S. firms from supporting …
EU Sanctions Increased Including: Unconventional Drilling, Well Testing and Logging Services.
Strengthened EU sanctions against Russia will enter into force upon the publication of the legal acts in the EU Official Journal on the 12/9/2014. They include the following measures: Restrictions on Russia’s access to EU capital markets have been strengthened. EU nationals and companies may no more provide loans to …
Putin Ups Organic Matter Sanction Games
Russian President Vladimir Putin on Wednesday ordered government agencies to ban the import of agricultural and food products from countries that have imposed sanctions due to the crisis in Ukraine. The retaliatory decree, signed by Putin and released by the Kremlin, said food, raw materials and agricultural products would be …
EU Expands Sanction List Against Russia, Ukraine
The European Union has added another eight people and three companies to the ‘blacklist’ against Russia and Ukraine, EU official journal said on Wednesday evening. The sanction list included first deputy head of Russian presidential staff Aleksey Gromov, Governor of Northern Sea Route Bank Board Arkady Rotenberg, largest shareholder of …