Russian energy firm Gazprom has joined a growing list of foreign companies searching for oil off Cuba's coast.
BP's stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts.
Russian energy giant Gazprom has paid Belarus $228 million for delivering natural gas to Europe, the Russian state news agency RIA-Novosti said Thursday.
Belarus has paid its natural gas debt to Russian energy giant Gazprom in full, a top Belarus government official said Wednesday, in the latest twist of a dispute that could affect Europe's energy supplies.
Belarus' president has ordered the halt of Russian natural gas deliveries to Europe via Belarus, his office told CNN Tuesday.
Russia began to cut off natural gas supplies to Belarus on Monday as talks over unpaid debts continued, Russian state media reported.
Jiri Hudler's days in Detroit are over -- at least for now.
CNN's Richard Quest interviews Russian Gazprom Export CEO Alexander Medvedev.
Riding through the streets of Moscow or flipping through channels of Russian TV, it's difficult to escape messages from the country's natural gas monopoly, Gazprom.
Russian energy giant Gazprom resumed pumping natural gas to Europe via Ukraine Tuesday, nearly two weeks after the flow was cut off, a Gazprom spokesman told CNN.
Russia's Gazprom planned to resume gas supplies to Europe Tuesday, with lines to be reopened by 7 a.m. GMT (2 a.m. ET), Russian media quoted a Gazprom official as saying.
Frustrated European Union leaders lashed out Wednesday at Russian and Ukrainian energy companies whose dispute over natural gas has stopped supplies to Europe for the past week.
CNN's Matthew Chance reports on an agreement which promises to see natural gas supplies from Russia to Europe resume.
Russia resumed sending natural gas to Ukrainian pipelines Tuesday, a week after the gas flow was interrupted, but the gas was stopped at the Ukrainian border instead of being passed through to Europe.
Russia will start pumping natural gas to Europe again Tuesday after an interruption of nearly a week, energy giant Gazprom's deputy CEO Alexander Medvedev said Monday.
CNN's Matthew Chance reports a deal has been reached to get gas flowing again to Ukraine and millions of Europeans.
The European Union has finalized a deal on sending monitors to supervise supplies of Russian gas through Ukraine, an EU spokesman said Friday.
Just as millions of Europeans struggling through cold winter temperatures thought a resolution had been reached in the Russia-Ukraine natural gas standoff, Russia said it will not proceed on a deal.
Russian energy giant Gazprom, in the midst of a standoff with Ukraine over payments for gas, has filed a lawsuit to stop what it claims is illegal siphoning.
CNN's Matthew Chance reports on Russia's state-run Gazprom threats to cut off gas supplies to Ukraine.
Russia and the European Union have agreed on a protocol on setting up a mechanism to control the transmission of natural gas through Ukraine to Europe, the Russian news agency Interfax reported Saturday.
The European Union, Russia and Ukraine have agreed on allowing a team of independent investigators to monitor inflowing gas pipelines from Russia into Ukrainian territory to help end a dispute that has left millions short of gas supplies.
Ukraine and Russia said the supply of natural gas to Europe was completely shut off Wednesday, but each side blamed the other for the cut-off which comes as Europe faces a wave of freezing temperatures.
Ukraine and Russia said the supply of natural gas to Europe was completely shut off Wednesday, but each side blamed the other for the cut-off, which comes as Europe faces a wave of freezing temperatures.
A natural gas dispute between Russia and Ukraine flared Tuesday when Ukraine accused the Russian supplier of cutting supplies to Europe, and at least nine countries said their supply from Russia had been cut or reduced.
Gazprom is the world's biggest producer and exporter of natural gas -- and Russia's most powerful company.
Russian energy giant Gazprom cut off Ukraine's gas supply on New Year's Day and is yet to switch it back on.
European and Russian leaders are holding crisis meetings Monday to try to defuse a dispute between the Russian energy giant Gazprom and Ukraine's state-run gas company Naftogaz Ukrainy.
Russian energy giant Gazprom has accused Ukraine of siphoning off gas intended for European customers as the standoff between them worsens.
Ukraine has sent a delegation to meet European leaders a day after Russian energy giant Gazprom cut its gas supply and as fears mount the rest of the continent could be affected.
Russian energy monopoly Gazprom said Thursday it has cut off supplies of natural gas to Ukraine after a payment deadline expired.
Russian energy monopoly Gazprom on Wednesday said it would stop natural gas deliveries to Ukraine over a dispute about payments.
Russian gas giant Gazprom has reiterated its threat to cut supplies to Ukraine on January 1 if it does not settle an outstanding debt.
The era of cheap natural gas is coming to an end, Russian Prime Minister Vladimir Putin said Tuesday at a meeting in Moscow of the world's major gas-exporting countries.
If you think $135 oil is bad, you ain't seen nothing yet. That, at least, is the take from the head of the world's largest energy firm.
Zenit St. Petersburg took a giant stride towards the UEFA Cup semifinals with a 4-1 away victory over Bayer Leverkusen on Thursday.
Ukraine's government will force the company that manages its natural gas supplies to pay off its debts to Russia's Gazprom to resolve a crisis that reduced the flow of gas supplies into Ukraine and threatened to disrupt European gas supplies, Ukrainian Prime Minister Yulia Tymoshenko said Wednesday.
CNN's Matthew Chance reports on the Russian president's acceptance of the PM job if his chosen successor is elected.
Averting what could have been another gas crisis across Europe, Russia and Ukraine have fixed a price on natural gas for 2008 while Kiev has promised to pay its 2007 gas debts.
New moves to pressure Ukraine on gas supplies could be driven by Moscow's political agenda, but they could also signal the Russian gas giant's own supply problems
Exxon Mobil (No. 2) had a record $39.5 billion profits, which is impressive enough. Even more remarkable is that its earnings grew $3.4 billion in 2006, while Royal Dutch Shell (No. 3) had only a small increase, and BP (No. 4) saw profits fall. Russian gas giant Gazprom (No. 52) grew its profits 37%, to $20.3 billion.
Deutsche Post (No. 57), with its iconic yellow DHL trucks, sped past the U.S. Postal Service (No. 64) to lead the mail, package, and freight delivery category. Meanwhile, HP (No. 41) edged out IBM (No. 42) in computers by a slim $234 million margin, and Verizon (No. 39), Gazprom (No. 52), and Caterpillar (No. 151) became new leaders in their industries.
CNNMoney: Bears back in controlupdated: Fri Jun 22 2007 06:23:00
Stocks were poised to slide Friday as investors returned their focus to a backup in Treasury yields.
Stocks fell Friday as the biggest public offering in five years failed to excite investors still nervous over rising bond yields.
Stocks fell Friday as the biggest public offering in five years failed to excite investors still nervous over rising bond yields.
BP Plc said on Friday its Russian joint venture TNK-BP had agreed to sell Gazprom its 62.9 per cent stake in Rusia Petroleum, the company which holds the licence for the Kovykta gas field in East Siberia.
Fortune: THE WORLD AT RISKupdated: Mon Mar 05 2007 00:01:00
1. Guinea The naming of a successor by President Conté, Africa's longest-ruling dictator, and his refusal to step down in the face of union demands threaten stability and pose risks to bauxite and ...
Fortune: The Russia 50updated: Thu Feb 22 2007 17:40:00
The world's unquenchable thirst for oil means that Russian energy resources have been in continual demand - disruptions and disputes involving pipeline deliveries to Europe aside.
Fortune: Shell shakedownupdated: Thu Feb 01 2007 12:10:00
Word that control of the world's largest integrated oil and gas project had been wrested from Royal Dutch Shell trickled down to the company's staff on Russia's Sakhalin Island in December the same...
In the days after the collapse of the Soviet Union in 1991 it became common to refer to Russia as a former superpower.
Surrounded by traders chattering in Russian and staring at screens displaying the latest action on the Moscow bourse, the biggest foreign fund manager in Russia is plotting his next move.
Yulia Tymoshenko's motorcade slices through Odessa, roof lights spinning, Klaxons barking. It's campaign season again, and Ukraine's "samurai in a skirt" is back in action. Which may seem odd to an...
Fortune: Orange Devolutionupdated: Wed Mar 29 2006 10:57:00
Yulia Tymoshenko's motorcade slices through Odessa, roof lights spinning, Klaxons barking. It's campaign season again, and Ukraine's "samurai in a skirt" is railing against official mendacity. Whic...
A bitter cold wave has killed 181 people in Ukraine over last five days, the Health Ministry said Thursday.
The just-concluded battle between Ukraine and Russia over natural gas seems to have produced only losers.
Moscow and Kiev officials have praised a deal to end a pricing dispute for Russian natural gas that caused shortages in Ukraine and throughout Western Europe.
Oil surged more than $2 Tuesday as traders feared an unresolved natural gas dispute between Russia and the Ukraine could cut fuel supplies to Europe.
German officials Monday pressured Russia and Ukraine to agree on a new natural gas contract, but also said Germany has 2-1/2 months during which it can find other means to fill any gap caused by the dispute.
Russia has promised to restore full natural gas deliveries to European nations, but the dispute between the country's state-owned gas monopoly and Ukraine appeared to remain at an impasse.
Russia's state-owned natural gas monopoly Gazprom suspended the flow of natural gas to Ukraine over a pricing dispute Sunday, a move the Ukrainian president decried as "unacceptable."
Ukraine could accept a Russian compromise deal in a dispute over natural gas supply prices, but more talks are needed, a spokesman for the Ukrainian prime minister is reported to have said.
It is being heralded as the biggest buyout in Russian corporate history.
Volatility always spells investment opportunity, and the global oil market still offers plenty of both. Most energy stocks have already enjoyed a good run, but the risks to the global oil supply, r...
The Bush administration has criticized Russia's takeover of key parts of the embattled oil giant Yukos and warned the lack of transparency in the case could damage Russia's role in the global economy.
A defiant Yukos says it will sue for $20 billion in damages from the forced sale of a key asset that has left the fate of Russia's top oil exporter hanging in the balance.
The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grab for its assets.
A little known company has bought the main production unit of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
A U.S. bankruptcy judge has issued a temporary restraining order to halt the planned auction of Russian oil company Yukos' main oil-producing subsidiary, Yuganskneftegaz, Reuters reports.
Given that the head of Russia's largest oil company was tossed in a Moscow jail in late October as part of a government power play, Bill Browder has every right to be nervous. It's not because he's...
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