More Russian Oil Flows East as Relations With West Sour. Record Level of Russian Oil Exports to Asia This Year.

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.

Russia's Rosneft asks state for $40 billion to weather sanctions

Mexico hopes to lure $50.5 billion in historic oil tender

Norway Oil Services See Russia Sanctions Risking Arctic Push

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

Spain approves €7.5bn oil exploration project off the Canaries

IEA says sanctions have low impact on Russian oil

Based on a high demand for additional information regarding its business in Russia, Schlumberger Limited (NYSE:SLB) provided the following third-quarter update today:

Mexico opens oil and gas to foreign, private firms

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

Rosneft-Saras joint venture still on, just delayed

Saras, Rosneft Joint Venture Talks Delayed on Politics

Russia may redirect Europe-bound oil supplies away from Ukraine route. The Transneft spokesman added that a change in the oil delivery route would increase the cost of oil supplies for European consumers.

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.