President Vladimir Putin has said that Russian gas supplies to Europe via Ukraine may continue even after the launch of a prospective Germany-bound pipeline under the Baltic Sea.
The Treasury Department has fined Exxon Mobil $2million (£1.5million) for showing “reckless disregard” for US sanctions on Russia while Secretary of State Rex Tillerson was the oil company’s chief executive.
Ukraine’s state gas company has battled with Russia’s Gazprom PJSC over natural gas supplies in the real world for years. Now it’s taken the fight to Twitter.
How can you tell there’s a gas glut in Europe? When even the threat of a full-scale invasion into the continent’s largest gas transit country by its largest outside supplier can’t raise prices.
A company which was set up by investment fund Emerstone Energy has won a contract for shale gas exploration in Ukraine after oil major Shell withdrew from Ukraine.
JKX Oil & Gas, the Ukraine and Russian focused operator, said the weakness of the rouble affected revenue in the first five months of 2016, although production levels had increases on the same period from last year.
JKX Oil & Gas has confirmed Ukrainian police visited its Ukrainian subsidiary, Poltava Petroleum Company and the homes of two of its senior employees, without notice, searching for documents in relation to the investigation of claims of alleged underpaid taxes which have been made by a local prosecutor.
The Ukranian government has introduced new natural gas tariffs for consumers as it looks to meet demands put forward by the International Monetary Fund (IMF).
JKX Oil & Gas has highlighted potential liabilities of $41 million from its Ukrainian operation as the company's management seeks to restore investor confidence by offering more information about its operations.