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Exxon's $700 million Russian Arctic oil well hangs on sanctions
2014-09-13 17:57:23| Chemicals - Topix.net
Exxon Mobil Corp.'s work on a $700 million Arctic well in Russia could be stopped before it's finished under new U.S. and European Union sanctions that outlaw the drilling partnership. New sanctions ban U.S. and EU companies from working with Russian officials or companies to find or produce crude from deep seas, shale fields or the Arctic.
Tags: million
oil
russian
arctic
New sanctions to stall Exxon's Arctic oil plans
2014-09-13 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Exxon Mobils ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. As part of the latest round of sanctions against Russia, the United States government took aim at Exxons project in the Arctic Ocean, ordering American companies to cut off exports to Russian oil exploration within 14 days. The United States and Europe originally banned technology transfers that aided Russias deep water, Arctic offshore or onshore shale rock formation projects over the...
Tags: plans
oil
arctic
sanctions
US stocks drop on Russia sanctions, Fed speculation
2014-09-13 14:36:03| Oil & Gas - Topix.net
US stocks dropped Friday as the West slapped new sanctions on Russia and traders saw a higher chance the Federal Reserve next week will accelerate its timeline to raise interest rates. The broad-based S&P 500 fell 11.91 to 1,985.54, while the tech-rich Nasdaq Composite Index lost 24.21 at 4,567.60.
US, EU levy sanctions on Russia despite cease-fire
2014-09-12 23:23:42| Energy - Topix.net
Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects. But the restrictions on Russia's energy sector were carefully crafted to avoid impacting the country's current production of oil and gas, a move that would raise global energy prices at time of weak economic growth.
Tags: russia
levy
sanctions
ceasefire
U.S. steps up sanctions on Russia over Ukraine
2014-09-12 21:50:16| Oil & Gas - Topix.net
The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for intervening in Ukraine. The sanctions target companies including Sberbank, the country's largest bank by assets, and Rostec, a conglomerate that makes everything from Kalashnikovs to cars, by limiting their ability to access the U.S. debt markets.
Tags: steps
russia
ukraine
sanctions
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