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BP’s long stay in Russia
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
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Ukraine Gazprom Naftogaz Russia
Jason Corcoran
18 May 2018
Follow @PetroleumEcon
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Gazprom finds it hard to break with Ukraine

An international court ruling over gas supply contracts has done little to resolve differences between Gazprom and Naftogaz

Gazprom is desperate to eliminate the need to use Ukraine's transport network to send gas supply to Europe, but a lack of alternatives means it will probably have to swallow its pride and sign a new deal beyond 2020. Russia's gas export monopoly halted a planned resumption of gas supply to the Ukrainian domestic market in early March, forcing Kiev to take emergency measures to make up for the shortfall and warn that transit flows to Europe were also at risk. Gazprom had planned to restart supplies to its neighbour's domestic market for the first time since 2015, when Ukraine started buying gas from Europe to reduce its energy dependence on Russia. The move came after a Stockholm arbitration

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BP’s long stay in Russia
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
Arbitration with Gazprom: How to collect
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
Difficult times for Germany’s downstream
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Middle East gas can power regional prosperity
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.

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