Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia seen as biggest oil-market loser when Iran comes back

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Iran has been barred from selling oil in Europe since 2012 when the European Union imposed a ban on crude imports. Coupled with tougher U.S. sanctions making it more difficult to buy Iranian oil with dollars, that caused output to drop from 3.6 million barrels a day in 2011 to 2.6 million barrels last year.
(FILE) A picture taken 30 May 2005 shows Imprisoned former head of the Yukos oil company, Mikhail Khodorkovsky  stands in the defendant's box in the courtroom in Moscow. The former boss of Russian oil giant Yukos, Mikhail Khodorkovsky, was attacked in his prison cell this week by a fellow inmate who slashed his face with a knife, Khordokovsky's press service said in a statement 15 April 2006. AFP PHOTO  / TATYANA MAKEYEVA

(Photo credit should read TATYANA MAKEYEVA/AFP/Getty Images)

Former oil tycoon, a Putin rival, suspected of ordering Russian mayor’s killing

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The announcement that investigators were considering whether to charge Mikhail Khodorkovsky with ordering the killing came as he is becoming an increasingly strong voice in Russian opposition politics.
Great Britain Prime Minister David Cameron visits the Total Oil Depot shale drilling site in Gainsborough, Lincolnshire in England on January 13, 2014.  French company Total confirmed it will invest about £30 million in the shale drilling project in Gainsborough, and it is believed to be the first major energy firm to invest in U.K. fracking. Prime Minister David Cameron indicated councils would receive a significant financial boost from the business rates collected from controversial shale gas schemes, with local authorities receiving 100 percent of the business rates, double the usual 50 percent. (WPA Pool/Getty Images)

U.K. shale well rejected in blow to David Cameron’s fracking ambitions

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Opposition to hydraulic fracturing has stymied development of the U.K.’s shale industry since a drilling moratorium was lifted in 2012. The U.K. government has promoted fracking by cutting taxes and relaxing planning rules to try to lower reliance on imported gas.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Iran nuclear deal’s final push sees Kerry, Zarif meet in Vienna

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Diplomats have predicted talks will run past the June 30 deadline and that foreign ministers from the other negotiating countries — China, France, Germany, Russia and the U.K. — will need to join in.
(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

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As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.
(RJ Sangosti/The Denver Post via Getty Images)

Dutch government cuts gas drilling in quake-hit region

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Economic Affairs Minister Henk Kamp announced Tuesday that production in the Groningen region this year will be brought back to 39.24 billion cubic yards of gas from the previously announced maximum of 51.53 billion cubic yards.
Mikhail Khodorkovsky (right), Russia's richest man and former CEO of OAO Yukos Oil, is guarded in the defendant's cage at the Meschansky Court in Moscowon July 12, 2004. (Dmitry Beliakov/Bloomberg)

Russia braces for global asset fight over Yukos after seizures

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Yukos, once Russia’s top oil producer, was dismantled amid billions of dollars of back-tax claims that former owner Mikhail Khodorkovsky called a response to his political activities.
Photographer: Akos Stiller/Bloomberg

Alstom, GE to answer regulators’ concerns on sale

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GE and Alstom are walking a fine line as they’re trying to close the deal, attempting to accommodate the commission while sticking firm to its original merger terms.
(AP file photo/John McConnico)

Norway government loses in drive to expand Arctic oil boundary

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Even as a drop in oil prices makes Arctic exploration less attractive, Norway is betting on success in the Barents Sea, thought to hold more than 40 percent of its undiscovered resources. The Nordic country’s oil output, still western Europe’s biggest, has been more than halved since a 2000 record.
(Andrey Rudakov/Bloomberg)

Eurasia Drilling slumps as Russia fails to rule on Schlumberger deal

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Russia’s foreign-investment commission met Thursday yet didn’t make a decision on Schlumberger’s bid, Natural Resources Minister Sergei Donskoi said by phone, without giving a reason.