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8 Pages

EU sanctions try to put Russia’s Arctic drilling plans on ice


EU sanctions try to put Russia’s Arctic drilling plans on ice

Report summary

Russia’s oil and gas sector – the centrepiece of the Russian economy - is now being targeted with sanctions. These sanctions focus on the pillars of Russia’s post 2020 strategy – Arctic exploration and shale oil, but avoid gas and are unlikely to impact near term production.Rosneft and NOVATEK two of Russia’s largest companies are most immediately impacted. But IOC’s with equity stakes in Russian companies and Arctic or shale oil exploration projects with Russian companies are also impacted.

What's included?

This report includes 2 file(s)

  • EU sanctions try to put Russia’s Arctic drilling plans on ice PDF - 689.91 KB 8 Pages, 0 Tables, 4 Figures
  • Sanctions.xls XLS - 77.00 KB

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Background
  • US-led financial sanctions
  • EU-led technology sanctions
  • Impact on the gas sector
  • Impact on the coal sector
  • Impact on the steel sector
  • Broader implications for the Russian energy sector

In this report there are 4 tables or charts, including:

  • Background
    • Arctic and tight oil exploration with IOC participation.
  • US-led financial sanctions
    • Rosneft’s upstream assets remain strong cash generators
  • EU-led technology sanctions
    • Licence commitments for blocks with IOC participation in the Russian offshore
    • IOC offshore and tight oil JVs (map)
  • Impact on the gas sector
  • Impact on the coal sector
  • Impact on the steel sector
  • Broader implications for the Russian energy sector
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