Exxon expects Russia to widen its Sakhalin license
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ExxonMobil XOM.N CEO Rex Tillerson   told Reuters on Tuesday he expected Russia to live up to   agreements to enlarge the territory of the Sakhalin 1 project   to include new oil discoveries.
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Russia suspends vital water use permits for Royal Dutch Shell's Sakhalin-2 offshore oil and gas venture.
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Japan raises concerns over Russia's decision to withdraw support for the Sakhalin 2 energy project.
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Foreign governments question Russia's stance on Sakhalin's key oil project as officials say they will review the scheme.
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MOSCOW : Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world&#39;s largest gas producer.
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BP Plc's Russian venture is likely to lose its license for the giant Kovykta gas field on Friday, although Moscow could postpone the tough action until after the G8 Summit and its landmark economic forum.
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Royal Dutch Shell (RDSa.L) CEO Jeroen  van der Veer met Gazprom  chief Alexei Miller on  Friday in Moscow to discuss admitting the Russian gas monopoly  to the Sakhalin-2 project, a Gazprom official said.
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B&Q owner Kingfisher says it will expand in Russia, one of the fastest growing markets for home improvement and renovation.
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Oil major Royal Dutch Shell  is on the brink of a deal to bring Russian gas monopoly Gazprom  into the $22 billion Sakhalin-2 project, a spokesman said on Sunday.
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US energy major ExxonMobil is holding up a deal to resolve a dispute over the massive Kashagan oil field being developed by a Western-led consortium, Kazakh Energy Minister Sauat Mynbayev said on Monday.
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The Russian oil giant Yukos substantially increased the reserve estimates Friday for its biggest subsidiary, one currently being appraised for sale by the government.
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U.S oil major ConocoPhillips is seeking  to buy up to 25 percent in Russian oil giant LUKOIL to add  billions of barrels of reserves to its books, an industry  source familiar with the matter said on Friday.
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Russia's natural resources minister said Monday that foreign companies would be welcome to help develop offshore oil fields, the same day a senior U.S. diplomat expressed concern about the minister's earlier statement that foreign access to oil and gas deposits would be limited.
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Russia's environmental regulator said Tuesday it had filed suit seeking to revoke approval for a $20 billion international oil project led by Royal Dutch Shell on the Pacific island of Sakhalin.
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Osaka Gas Co. , Japan's second largest natural gas distributor, said on Friday it has agreed to buy liquefied natural gas (LNG) from the Sakhalin-2 project in Russia's far east.
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Exxon Mobil increased its expected   spending for its Sakhalin oil project in Russia above the   original 2002 estimate of $12.8 billion to reflect inflation   and foreign exchange pressures, a spokesman said on Monday.
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Russia will not halt Shell's Sakhalin gas-and-oil project while a new environmental probe takes place.