sanctions Archives - Page 14 of 15

Iran’s Short-Lived Oil and Gas Boom

May 21, 2018

Iran’s energy sector will feel the repercussions of renewed sanctions Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment. Although some sanctions targeting the energy industry were temporarily lifted, and oil production reached ~3.8 MMBOPD in 2017, growth has remained

To prevent $100 Oil Spike over Iran Sanctions, Saudi Arabia and Russia Might Have To Step In

May 16, 2018

From CNBC Oil prices are continuing to hover around 2014 highs, with market watchers waiting to see what happens when U.S. sanctions are re-imposed on Iran. It remains to be seen whether major oil producers like Saudi Arabia and Russia will step into the breach to stop prices soaring after an expected dip in Iranian supply, a top analyst told

President Trump Pulls U.S. Out of Iran Nuclear Deal, Reimposes Sanctions

May 8, 2018

Measures will likely only remove 300,000-500,000 barrels a day of Iranian crude from the market: analyst Saying “the Iran Deal was one of the worst and most one-sided transactions the United States has ever entered into,” President Trump pulled the U.S. out of the Joint Comprehensive Plan of Action (JCPOA) with Iran today, ending U.S. participation in the Iran nuclear agreement that

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

U.S. Considering Sanctions on its 3rd Largest Oil Supplier

June 6, 2017

Venezuela is third-largest oil supplier to U.S. The U.S. is mulling sanctions against Venezuela’s oil industry, according to a Reuters report. Reuters quotes sources saying that U.S. officials are currently evaluating different types of sanctions, and have not decided on what, or whether, sanctions should be imposed. Previous sanctions, which were imposed from 2011 to 2015, prevented PDVSA from bidding

Gazprom is the First Russian Company to Frac a Horizontal Well Start to Finish

September 2, 2016

Gazprom Neft completes nine-stage frac job in the Bazhenov formation, but is the formation economic? The oil production arm of Russia’s state-run gas giant Gazprom (ticker: OGZPY) announced this week that the company completed a nine-stage horizontal well in the Bazhenov formation in Western Siberia. Gazprom Neft (ticker: GZPFY), as the oil arm is known, said it is the first

Oil Prices Hurting Russian Deals, Russia Trying to Lure Back Investment

June 17, 2016

Oil and gas deal pipeline relatively thin at this year’s St. Petersburg Economic Forum There was a stronger showing of the heads of international oil and gas companies at this year’s St. Petersburg Economic Forum, but deals remained relatively light. Companies continue to cut energy investment as oil prices remain well below their triple-digit highs from two years ago, and

Kerry Says Money from Iranian Sanctions Relief Could End Up with Terrorist Groups

April 20, 2016

While funds do not appear to be going to terrorist now, Kerry “think[s] some of it will” Secretary of State John Kerry acknowledged that some of the money Iran received as part of sanctions relief could go to groups considered terrorists, reports CNN. “I think that some of it will end up in the hands of the IRGC or other

Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

February 10, 2016

Shifting sanctions force Russia’s TMK into different markets; company plans U.S. layoffs TMK Group, a major supplier of oil and gas pipeline around the world, is looking eagerly toward increased business in Iran as sanctions against the country are removed following the implementation of the Iran Nuclear Deal. The company believes about 20% of global oil brought to the surface

Spain Reaches Deal to Transport Iranian Natural Gas

September 8, 2015

Spain and Iran come to a deal on natgas transport Spain reached an agreement with Iran to ship natural gas from Iran to Europe following the release of sanctions against the country. Iranian authorities and an economic trade delegation of some 70 Spanish companies, including Repsol (ticker: REP) accompanied by government officials, visited Tehran Monday to discuss the details, reports

U.S. Expands Oil and Gas Sanctions Against Russia

August 7, 2015

U.S. uses expanded version of sanctions on Yuzhno-Kirinskoye Field The U.S. expanded its sanctions against Russia today, announcing that it would be adding the Yuzhno-Kirinskoye Field in the Sea of Okhotsk, to the Entity List maintatined in the Export Administration Regulations, 15 C.F.R. Parts 730-774 (EAR). As a result of the decision, the exportation, reexportation, or in-country transfer to this

Russia is the World’s Largest Producer of Crude Oil and Lease Condensate – EIA

August 6, 2015

Russia produced roughly 10.9 MMBOPD in 2014 While the United States became the world’s largest producer of hydrocarbons in 2014, Russia remained the largest producer of crude oil and lease condensate, according to the U.S. Energy Information Administration (EIA). In 2014, the country produced an average of 10.9 MMBOPD of crude oil and condensate. Russia exported more than 4.7 MMBOPD

Post Sanctions Iran: a 5 MMBOPD Reality Check

July 30, 2015

P5+1 used financial isolation to force Iran to nuclear negotiation table A sanctions regime was put in place against Iran starting in 2005 when the international community found that the Middle Eastern country was not in compliance with its obligations regarding its nuclear program. The sanctions, which were spearheaded by the United States, United Nations and the European Union, sought

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