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OIL AND GAS
Russia defers questions on Crimean oil and gas
by Daniel J. Graeber
Moscow (UPI) Mar 06, 2017


With Ukraine taking claims of Russian aggression to the international courts, the Kremlin sidestepped questions about possible oil development offshore Crimea.

Russian business daily Kommersant reported the government awarded a license for oil and gas exploration off the coast of the Crimean Peninsula, which Russia annexed from Ukraine after a political crisis in 2014. Ukraine viewed the annexation as a violation of international law.

Dmitry Peskov, a spokesman for Russian President Vladimir Putin, sidestepped questions about the license for energy work in the region.

"I recommend asking the government for a comment on the matter," he was quoted as saying by Russia's state-run news agency, Tass.

According to Tass, broad consent was given for oil and gas exploration offshore Crimea by Russian Prime Minister Dmitry Medvedev last year.

The dust-up over reserves off the coast of Crimea comes as Ukraine makes a case against Russia at the International Court of Justice. According to Ukraine's Foreign Ministry, the suit was filed in order to hold Russia responsible for violations in "occupied Crimea.

"The provisional measures will allow the court to prevent the deterioration of the situation, and, most importantly, to protect the civilian population during the period required for examination of the case," a ministry statement read.

Energy rows between Kiev and Moscow pre-date the political crisis in Ukraine that followed its tilt toward the European Union. Most of the Russian gas sent through pipelines to Europe runs through Soviet-era networks in Ukraine and payment issues during the last decade prompted the Kremlin to briefly close the spigot for westbound reserves.

OIL AND GAS
Lundin appraising more prospects in North Sea
Oslo (UPI) Mar 06, 2017
After revising the reserve estimate for a producing field in the North Sea, a division of Lundin Petroleum said it was appraising the latest discovery. The Norwegian subsidiary of the company said it started drilling an appraisal well in the Gohta discovery in the Edvard Grief field. "Following the 2016 year-end reserves additions on Edvard Grieg in relation to a larger oil colum ... read more

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