• 1 hour Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 18 hours Oil Prices Rise After API Reports Major Crude Draw
  • 19 hours Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 19 hours Gazprom Speaks Out Against OPEC Production Cut Extension
  • 20 hours Statoil Looks To Lighter Oil To Boost Profitability
  • 21 hours Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 22 hours Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 23 hours Whitefish Energy Suspends Work In Puerto Rico
  • 1 day U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 2 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 2 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 2 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 2 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 2 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 2 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 5 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 5 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 5 days Venezuela Officially In Default
  • 5 days Iran Prepares To Export LNG To Boost Trade Relations
  • 5 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 5 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 6 days Rosneft Announces Completion Of World’s Longest Well
  • 6 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 6 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 6 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 6 days Santos Admits It Rejected $7.2B Takeover Bid
  • 6 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 7 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 7 days Russian Hackers Target British Energy Industry
  • 7 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 7 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 7 days Lower Oil Prices Benefit European Refiners
  • 7 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 8 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 8 days Iraq Oil Revenue Not Enough For Sustainable Development
Top 5 Miners To Ride The Christmas Commodity Boom

Top 5 Miners To Ride The Christmas Commodity Boom

Several metals have seen prices…

Black Sea Incident Risks Russia-Ukraine Conflict Tension

Black sea oil rig

A Ukrainian military plane has reportedly made two low passes over Russian oil rigs in the Black Sea, with Russia calling the incident a clear provocation, and Ukraine claiming that its aircraft was fired on.

"This morning, between 11:30 and 12:00 a.m. Moscow time, an An-26 plane of the Ukrainian armed forces with board No. 53 made two clearly provocative passes at an extremely low altitude near Russian oil rigs Tavrida and Crimea-1 in the Black Sea," a spokesman for the Russian Black Sea Fleet headquarters told media.

Ukraine claims that Russian forces fired on its military aircraft.

Ukrainian Defense Minister Stepan Poltorak told reporters that the military transport aircraft in question took on small arms fire over the Black Sea, and that the shots came from a “Russian-captured oil rig”. The defense minister was referring to a rig near the Odessa gas fields, in territory usurped by the Russians when they annexed Crimea.

Minister Poltorak said the aircraft was damaged, but landed with the crew safely. The defense minister indicated that the military had recently detected the deployment of Russian radar installations in the region, which could be used for missile guidance.

Russia denies Ukraine’s claims, saying that no shots were fired, and that security guards used flash signals to prevent the plane from crashing into the drilling tower.

Related: The Oil War Is Only Just Getting Started

"All the statements by the Ukrainian side that the An-26 plane was allegedly fired at are an absolute lie. During the Ukrainian An-26’s second pass, an employee of the drilling platform’s security guard gave four flash signals from a signal pistol to prevent a possible air crash from collision with the drilling tower," the spokesman said.

The incident in the Black Sea comes as relations between Russia and Ukraine simmer amid geopolitical changes that give further impetus to the conflict over Russia’s annexation of the Crimea.

The Odessa gas fields are in a particularly sensitive area. In December 2015, Russia hijacked two drilling rigs in Ukrainian waters in this gas field, some 100 kilometers off the coast of Ukraine. Russian Tass news agency at the time claimed that the deposits were Russian due to its takeover of the Crimea.

By Damir Kaletovic for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News