Post Tagged with: "sanctions"

The Re-Imposed Iran Sanctions Are In Force—Breaking Down What It Means and Who is Exempt

The Re-Imposed Iran Sanctions Are In Force—Breaking Down What It Means and Who is Exempt

All U.S. sanctions on Iran that were lifted or waived as part of the Iran nuclear deal were re-imposed effective November 5, 2018. Washington, D.C.-based law firm Akin Gump has released a lengthy analysis and description of the ins and

November 26, 2018 - 3:15 pm
The U.S. Sanctions Venezuela

The U.S. Sanctions Venezuela

On May 21, 2018 the United States president signed an executive order prohibiting certain transactions with the government of Venezuela. The order restricts transactions involving debt owed to the Venezuelan government.

According to law firm Akin Gump, the new prohibitions …

May 25, 2018 - 11:35 am
Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

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.

Iran’s Short-Lived Oil and Gas Boom

Although …

May 21, 2018 - 4:59 pm
To prevent $100 Oil Spike over Iran Sanctions, Saudi Arabia and Russia Might Have To Step In

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

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 …

May 16, 2018 - 10:41 am
U.S. Considering Sanctions on its 3rd Largest Oil Supplier

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

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 …

June 6, 2017 - 5:44 pm
Source: http://www.gazprom.com/press/gallery/events/649250/

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

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 …

September 2, 2016 - 4:12 pm
Source: Gazprom St Petersburg International Economic Forum

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

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.…

June 17, 2016 - 4:56 pm
Source: theiet.org

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

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 …

April 20, 2016 - 5:54 pm
Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

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

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 …

February 10, 2016 - 5:42 pm
Source: theiet.org

Spain Reaches Deal to Transport Iranian Natural Gas

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 …

September 8, 2015 - 5:58 pm
Source: Rosneft

U.S. Expands Oil and Gas Sanctions Against Russia

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 …

August 7, 2015 - 7:06 pm
Rosneft HQ with Kremlin in the background Source: Rosneft

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

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). …

August 6, 2015 - 4:31 pm
Post Sanctions Iran: a 5 MMBOPD Reality Check

Post Sanctions Iran: a 5 MMBOPD Reality Check

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 …

July 30, 2015 - 4:12 pm
Expect to see P5+1-Iran Agreement First Week in July: Fesharaki

Expect to see P5+1-Iran Agreement First Week in July: Fesharaki

New Iranian Oil Volumes Could Hit the Market as Early as Oct. 2015

Chairman of global oil and gas consultancy FGE, Dr. Fereidun Fesharaki, in a conference call organized by Credit Suisse, said he believes that the basics of …

June 26, 2015 - 4:25 pm
Crimea to Receive Oil and Gas Equipment Despite Sanctions

Crimea to Receive Oil and Gas Equipment Despite Sanctions

Chinese company Kerui is looking to register as a business in Crimea to make supplying equipment easier

China’s Kerui is set to deliver oil and gas equipment to Crimea, the company’s vice president, Wang Bin, told Tass during a Russian-Chinese

April 24, 2015 - 2:41 pm
Source: theiet.org

‘Flood’ of Oil from Iran may be more of a Trickle

With the deadline for peace talks fast approaching, the actual amount of Iranian oil that could reach markets may not be the torrent some predict

The March 31 deadline for a nuclear deal with Tehran has arrived, and the market …

March 31, 2015 - 12:35 pm
Source: Russneft

Swiss Mining Giant Glencore to Take 49% Stake in Russian Oil-Major

Glencore plans to convert shares in subsidiaries of Russia’s Russneft into a 49% stake in the company

Swiss mining giant Glencore (ticker: GLEN) plans to take a 49% stake in Russian oil producer Russneft (ticker: RUSN) by exchanging Glencore’s shares …

March 13, 2015 - 6:53 pm
Rosneft HQ with Kremlin in the background Source: Rosneft

Russia Overcomes ‘Psychological Barrier,’ Considers Foreign Control of Major Oil Fields

The Kremlin is thinking of giving majority control of major oil fields to Chinese investors in order to develop energy reserves

Russia may consider allowing Chinese investors more than 50% stake in its strategic oil and gas fields, an official …

March 2, 2015 - 5:51 pm
Iran Taps Sovereign Wealth Fund for Oil Development

Iran Taps Sovereign Wealth Fund for Oil Development

Iran will spend up to $4.8 billion from its sovereign wealth fund to develop its oil and gas fields

A proposal approved by Iran’s parliament Tuesday will allow the country to draw on its sovereign wealth fund in order to …

February 25, 2015 - 1:47 pm
Rosneft: Canada Oil in “Near-Death Situation” after PM Harper Imposes New Sanctions on Russia

Rosneft: Canada Oil in “Near-Death Situation” after PM Harper Imposes New Sanctions on Russia

Canadian Prime Minister Stephen Harper imposed new sanctions on Russia this week, including on Rosneft

Stephen Harper’s government announced Tuesday the expansion of sanctions against Russia for its involvement in Ukraine. The expanded sanctions target Russia’s largest oil producer, Rosneft …

February 19, 2015 - 3:48 pm
Russia Update:  Ukraine Related Sanctions Have Stopped Critical Oil & Gas Investment

Russia Update: Ukraine Related Sanctions Have Stopped Critical Oil & Gas Investment

Russia’s oil and gas industry faces many obstacles in today’s market, but sanctions may be causing the most damage

For the first time in a decade Russia’s credit rating was downgraded to junk by Standard & Poor’s rating agency last …

February 9, 2015 - 12:08 pm
Are Western Sanctions Hurting Russian Oil and Gas?

Are Western Sanctions Hurting Russian Oil and Gas?

Earlier this year, the U.S. and the E.U. began a sanction regime against Russia in response to the ongoing crisis in Ukraine. The sanctions are being used to target specific industries in the Russian economy, particularly oil and gas, the …

November 19, 2014 - 7:17 pm
Oil Prices Unaffected despite Additional Russia Sanctions and Obama’s Pledge to Ramp up Action in Middle East

Oil Prices Unaffected despite Additional Russia Sanctions and Obama’s Pledge to Ramp up Action in Middle East

President Obama addressed the nation on Wednesday night, urging Congress to increase funding, assistance and conduct “a series of strategic airstrikes” against the Islamic State, or ISIL, the group marching across Iraq that recently beheaded two American journalists on …

September 11, 2014 - 6:36 pm
International Fallout: Iraq, Russia Markets Face Unknowns in Midst of Turmoil

International Fallout: Iraq, Russia Markets Face Unknowns in Midst of Turmoil

Russia and Iraq are giants in the hydrocarbon industry. The two powerhouses were the third and sixth greatest oil producers in 2012, and Iraq’s oil reserves rank fifth in the entire world. Russia’s natural gas reserves are the highest on …

July 30, 2014 - 5:46 pm