Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine,

France’s Total on Monday said its joint venture with Russia’s Lukoil , to explore shale oil in western Siberia , had ground to a halt as a result of western sanctions.

Total Looks to China to Finance Russian Gas Project Amid Sanctions Total SA said it was seeking nondollar financing for a gas project in Russia, becoming the second energy company in several days to indicate that Western sanctions on the Kremlin are affecting expansion plans.

Exxon winds down drilling as U.S. sanctions hit Russia

Shell и Total продолжат работу в России, несмотря на санкции

«Лукойл» в отличие от «Роснефти» и «Новатэка» не будет просить денег у государства. Компания рассчитывает справиться с последствиями санкций самостоятельно

Russia looks beyond West Siberia for future oil and natural gas growth

Russia may prop up energy companies Rosneft and Novatek with up to $3.9 billion each from its National Wealth Fund, a reserve of oil proceeds set up to buoy the country's pension system.

The chief executive of Russia's top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France's Total.

By allowing international companies such as Exxon, Royal Dutch Shell, Halliburton, and Schlumberger to carry on their pumping, the White House and its European allies assured stability in global oil markets and in the prices consumers pay for gasoline.

Exxon Said to Halt Arctic Oil Well Drilling on Sanctions

Efforts to reach a peace deal between Ukraine and Russia continue. But western businesses are finding themselves hit increasingly hard by Russia-related sanctions – from both sides.

Third High-Level Meeting of the OPEC-Russia Energy Dialogue

Former BP chief warns on Russia sanctions

Gazprom Neft looks to alternative suppliers to sidestep sanctions impact