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Petrobras Plans Higher Upstream Spend

Brazilian state-run energy company Petroleo Brasileiro (Petrobras) is planning a 4% increase in budget for its upstream unit in its 2014-2018 business plan, which was unveiled in the week starting...

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Gazprom To Cut Price By 15%

Russian gas company Gazprom has entered an agreement to reduce gas prices by 15% for Greece's state-owned natural gas company Dimosia Epichirisi Paroxis Aeriou (DEPA).

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Gas Leverage A Possible Russian Tool

Russia has a considerable lever on Ukraine through the gas it supplies to the country. Given that Russia has on two occasions used gas supply cuts as a political leverage on Ukraine, the current...

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