This fight is getting nasty, and when it is all over, the future of one of Britain’s biggest companies could have been decided. The dispute between BP and its Russian partners took a turn for the worse over the weekend when it was announced that the oil giant was suing the Alfa-Access-Renova (AAR) consortium for […]

Whilst the world obsesses about how the oil industry could help bring down the oil price, a growing spat is taking place that could have huge ramifications for the oil industry. It concerns the Russians and BP, with some saying the Kremlin is trying to push BP out of the country.
Over the past few months […]

Two different stories from separate parts of the world, but one underlying trend that signals just how bad the energy crunch has become. It may be the price of oil that is grabbing the headlines but you should also keep an eye on what is happening to gas.
The Emirates may have been built on […]

Russia’s Gazprom the world’s top gas producer, has announced that it will take on big new energy projects in Iran, a move likely to anger the United States which wants Tehran isolated over its nuclear work.
State-controlled Gazprom, which supplies a quarter of Europe’s gas needs, said it had agreed to develop more phases of Iran’s […]

The major oil spill off the southern coast of Russia killed over 15,000 birds and poisoned over 20,000, the state agricultural and natural resources monitoring agency has confirmed.
“It is impossible to determine the exact number of perished birds due to the fact that the dead birds were swept to the beach and covered by some […]