Since the beginning of the Ukrainian stand-off, a series of sanctions came into effect by the EU 28 member states against Russia and private companies in a number of sectors. A noticeable absence is the ones supplying in oil and gas businesses, due to the boomerang effects that they will have in the European and global economy.

Norway Oil Services See Russia Sanctions Risking Arctic Push

Itar-Tass: Shale gas production in Europe possible not earlier than in 2016-18 -Gazprom

South Stream Pushes a Bit Further

Mexico opens oil and gas to foreign, private firms

Shell to cut 250 onshore jobs at its Scotland North Sea operations

Northeast natural gas spot prices particularly sensitive to temperature swings

Germany asks Ukraine not to block Russian gas and oil supplies to Europe

South Stream in Serbia to be completed on time — Srbijagas CEO. Minor corrections have been made to the project to redirect the route in Vojvodina from Italy to the Austrian city of Baumgarten, the biggest gas storage facility in Europe.

Bashneft signs PSC for Block ЕР-4 in Myanmar