It’s that time of year again.
It’s January, snow is on the ground (and no that doesn’t mean that climate change is not happening), it’s freezing outside and … Russia is having an energy dispute with its neighbours.
Somethings never change. This time it is Belarus and the spat is about oil rather than gas, but even [...]

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 [...]

Russian oil production has dropped this year for the first time in a decade, adding to the already jittery oil market, with some industry insiders saying it has already “peaked”.
Russia, the world’s biggest oil exporter after Saudi Arabia, averaged 10 million barrels per day from January through March, the International Energy Agency said [...]

Britain agreed to bankroll controversial drilling for oil and gas off Russia’s Sakhalin island, despite a warning from its own officials of the “potentially devastating effects” on a critically endangered species of whale.
The decision to flout their own experts’ advice is revealed in deeply embarrassing documents the British Government fought for three years to keep [...]

The Russian government will double state spending on oil exploration to 2020 to $23 billion with the focus on oil in eastern Siberia to ensure a “good” replenishment of reserves, the country’s Natural Resources Minister Yury Trutnev said yesterday.
Trutnev told reporters that the Cabinet had approved his proposal to increase state spending on mineral resources [...]