The Obama administration’s targets include OAO Rosneft, OAO Novatek, OAO Gazprombank and eight defense firms.

At 20%, BP holds the single biggest foreign investment in Russia.

Investment from energy companies is vital to Ukraine’s mission to pull away from Russian control.

The potential loosening of Russian red tape could provide enough slack for both foreign and domestic oil and gas companies to increase profits and build partnerships.

Sources say PetroChina wants a share of eastern Siberian gas fields.


JKX Oil & Gas Plc has been awarded a further five-year term to its Zaplavskoye exploration license.

Testing of well E-303 on the Elizavetovskoye Field in Ukraine indicates a gross pay of 167 m (548 ft) spread over eight reservoir horizons, JKX Oil & Gas said in a news release.

Statoil has sold its 15.5% participating interest in the Shah Deniz production-sharing agreement.


The board of Urals Energy has appointed Sergey Uzornikov, the group’s CFO, interim CEO.

Rosneft and CNPC have signed a framework agreement for the purchase of a 10% share stake in ZAO Vankorneft.

Songwon and its distributor UTS have signed a long-term cooperation agreement to supply SIBUR with additives used in polypropylene, polyethylene, rubbers, thermoplastic rubbers and polyvinyl chloride

Total SA CEO Christophe de Margerie died when his airplane struck a snowplow on a Moscow runway.