Sanctions

New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

New Nord Stream Sanctions Draw Scrutiny, Stir Ire of Stakeholders

The Trump administration has unveiled a potentially quixotic effort to halt the controversial $11.4 billion Nord Stream 2 (NS2) natural gas pipeline from Russia to Germany by threatening to sanction companies that help complete the last 100 miles of the 745-mile line. The State Department plans to alter the Countering America’s Adversaries Through Sanctions Act…

July 17, 2020
Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

Russia will likely complete by next year the undersea Nord Stream 2 (NS2) natural gas pipeline to Germany despite ongoing U.S. efforts to scuttle the $11 billion project, analysts said. The start-up of the 5.3 Bcf/d NS2 could curb a potential recovery of U.S. LNG exports even if the Covid-19 pandemic recedes next year, said…

July 10, 2020
U.S. Oil Sanctions Pose Significant Upside Price Risk in 2019

U.S. Oil Sanctions Pose Significant Upside Price Risk in 2019

After a sharp retreat down to the $40/bbl range in 2018, Brent crude oil prices are back above $60, and two key dates this spring could provide the momentum to drive prices even higher than currently forecast.

March 28, 2019

IEA Sees Iran Oil Production Overcoming Declining U.S. Output

Global oil demand flipped from a five-year high in the third quarter at 2.1 million b/d to a one-year low in the fourth quarter of 1.0 million b/d, which does not bode well as new Iranian output overcomes declines in U.S. production, the International Energy Agency (IEA) said Tuesday.

January 19, 2016

CFTC Imposes $3.2B-Plus in Sanctions in 2015

Total monetary sanctions handed down by the Commodity Futures Trading Commission (CFTC) this year totaled more than $3.2 billion, including an $800 million sanction, the largest in the commission’s history, according to Chairman Timothy Massad.

December 16, 2015
Analysts Warn Additional Russian Sanctions Could Harm U.S. Energy Interests

Analysts Warn Additional Russian Sanctions Could Harm U.S. Energy Interests

A bill calling for additional sanctions against Russia is picking up support in the U.S. Senate, in part due to electioneering before the November vote. It would bar American companies from investing in and supporting projects in the Russian deepwater, Arctic offshore and shale oil production.

September 18, 2014

Treasury Sanctions Threaten ExxonMobil, Rosneft Projects

Sanctions imposed on Friday by the Obama administration threaten to choke billions in joint development agreements between Russia’s OAO Rosneft to drill for Arctic and unconventional oil and gas with ExxonMobil Corp.

September 12, 2014

BP Profits Climb, But Russia Poses Risks

BP plc on Tuesday reported a 65% increase year/year in profits in 2Q2014 on clear signs of recovery in the Gulf of Mexico (GOM). However, Group CEO Bob Dudley warned that Russian investments are growing more risky on escalating economic sanctions.

July 29, 2014

EPA Investigates Chesapeake’s Clean Water Compliance at WV Sites

Chesapeake Energy has revealed that it is cooperating with a grand jury proceeding and an Environmental Protection Agency (EPA) investigation into the company’s Clean Water Act (CWA) compliance at certain sites in West Virginia.

March 5, 2012