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Tag Archives: Russia

Putin inaugurates final power link to Crimea

Vladimir Putin

MOSCOW (AP) — Russia’s president has flipped the switch to open the last of four electricity lines to Crimea aimed at allowing the Russia-annexed peninsula to end its reliance on Ukrainian power. The line from the Russian mainland that Vladimir Putin inaugurated on Wednesday brings Russia’s electricity supply to Crimea to 800 megawatts a day. Russia annexed Crimea in March ...

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French courts caught up in Yukos vs. Russia assets fight

French courts caught up in Yukos vs. Russia assets fight

PARIS (AP) — The fight between Russia’s government and magnate Mikhail Khodorkovsky’s dismantled Yukos oil company has spread to courtrooms across Europe — and even into space. France has seen multiple court cases in recent months that had entangled rocket and satellite builders and others, in Yukos’ efforts to recover money it says the Kremlin unfairly appropriated. Former Yukos shareholders ...

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Russia’s Putin says global deal to cap oil output is close

Russian President Vladimir Putin speaks at a meeting of the Russian Chamber of Commerce in Moscow, Russia, Tuesday, March 1, 2016. (Alexei Nikolsky/Sputnik, Kremlin Pool Photo via AP)

MOSCOW (AP) — Russian President Vladimir Putin says the country is close to an international deal to cap oil output and that any agreement will have the backing of Russia’s oil sector. Saudi Arabia, Russia, Venezuela and Qatar floated a production cap last month, but it was conditional on other producers joining in. Addressing top state and private sector oil ...

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Russian coal mine accident kills 36, including 5 rescuers

Russian coal mine accident kills 36, including 5 rescuers

MOSCOW (AP) — A methane gas leak at a coal mine in Russia’s far north triggered three explosions that ignited fires and partially collapsed the mine, killing 36 people, officials said Sunday. The dead included five rescue workers and a mine worker who were killed early Sunday when the third explosion rocked the Severnaya mine in Vorkuta, a town north ...

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Shaking hands with the Devil – The deepest hole ever drilled

The Kola Superdeep Borehole itself, welded shut as seen August 2012. (Image: Rakot13 via Creative Commons)

During the cold war, while the Space Race pitted the Soviet Union against the United States to conquer the skies, the two countries were also vying to drill as deep as possible into the earth. The USSR embarked on drilling a hole in 1970 on the Kola Peninsula located east of Finland.  By 1983 the project, named the Kola Superdeep ...

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Nigerian Navy rescues second hijacked ship in a week

Nigeria, oil tanker, pirates, hijacked, navy

WARRI, Nigeria (AP) — The Nigerian Navy says it has rescued a hijacked offshore oil supply ship but pirates escaped with two crew members from Russia and Nigeria. It’s the second rescue in a week. On Saturday, the navy recovered an oil tanker in a high seas shootout that killed one of the pirates. Six hijackers were arrested but two ...

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Top 5 Eagle Ford stories of the week

Top 5 Eagle Ford stories

In this week’s headlines, Texas showed resilience in a challenging oil market. Russia met with several OPEC countries to discuss a cap on oil production, and Marathon Oil stated it will focus most of its resources on Eagle Ford shale. 5. Texas cities ask federal officials to cancel drilling leases LEWISVILLE, Texas — Some North Texas cities and environmental groups ...

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UAE energy minister refuses to discuss tentative oil cap

UAE energy minister refuses to discuss tentative oil cap

DUBAI, United Arab Emirates (AP) — Dodging reporters’ questions, the United Arab Emirates’ energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. Minister Suhail Mohamed al-Mazrouei’s stance suggests regional rivalries also may be in play, as ...

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Russia, Saudis tentatively offer to freeze oil production levels

Russia, Saudis tentatively offer to freeze oil production levels

DUBAI, United Arab Emirates — Russia’s energy minister said Tuesday that his country has agreed with OPEC members Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same. The ministry quoted Energy Minister Alexander Novak announcing the decision following an unexpected, closed-door meeting involving the four countries in the Qatari capital, Doha. The meeting ...

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