Russia

After months of negotiation, on December 24 Russian and Serbian heads of state finally signed a sales contract that gives Gazprom Neft a controlling stake in the Serbian state-owned... 2009-01-05

Following Russia's move to cut off gas supplies to Ukraine on January 1, several European countries have now reported a fall in gas flows. As concerns in Europe mount over the potential... 2009-01-05

Russia cut off gas deliveries to Ukraine at 10am (7am GMT) on January 1.

India's state-owned Oil & Natural Gas Corporation (ONGC) takeover bid for UK-listed Imperial Energy has been accepted by 96.8% of Imperial's shareholder, according to... 2008-12-31

Russia has approved for state-owned oil pipeline monopoly Transneft to increase oil transportation tariffs by 15.7% from 2009.

As the end of the year approaches, the annual dispute between Russia and Ukraine over payment for gas is intensifying, with the deputy head of Gazprom, Viktor Zubkov, warning on... 2008-12-23

Following a period of spectacular earnings growth driven by record oil and gas prices, Russia's producers are now feeling the pinch as the global economic crisis advances and oil... 2008-12-16

Paolo Scaroni, CEO of Italy's Eni , has announced that Libya has approved a deal for Russia's state-controlled Gazprom to take over Eni's 33.3% stake in Libya's El Feel (Elephant)... 2008-12-12

Sakhalin Energy, the company operating the Sakhalin II project, has announced that with the completion of stage two of the project, it will now able to produce and export oil all... 2008-12-12

Cyprus has started negotiations with Russian gas export monopoly Gazprom over buying liquefied natural gas (LNG). Cyprus plans to build its first LNG terminal with the aim of reducing... 2008-12-11