- Exxon Mobil (XOM -0.2%) is deepening its ties with Russia despite western unhappiness over the country's actions in Ukraine, today signing a pact with Rosneft (RNFTF) to team up for drilling in the Arctic and Siberia and liquefying natural gas for export in Russia’s Far East.
- XOM is among U.S. oil producers that ignored State Department pressure to skip the International Economic Forum this week in St. Petersburg, betting the Ukraine crisis eventually blows over.
- U.S. and European energy producers hold equity partnerships in Russian oil and gas worth at least $30B, led by BP’s near 20% stake in Rosneft, Total's stake in gas producer Novatek and a gas project operated by Royal Dutch Shell.
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