Energy Blast – March 11, 2010

French President Nicolas Sarkozy’s ‘wheeling and dealing‘ with Dmitry Medvedev ‘has become expected as European governments seek to close the gap between their own shrinking energy resources with those provided by Russian mega-supplier, Gazprom,says the WSJ, but the revolution in North America’s gas supply could change all that.  Gazprom Neft’s smaller-than-expected fourth quarter profit was not due to production, and the company said that its shares gained more value last year than those of the average oil company.  This article takes a brief look at India’s relationship with Russia in matters of energy and trade.  BP has announced a $7 billion deal to buy international oil and gas assets from Devon Energy off the coast of Brazil, ‘one of the world’s most exciting areas for oil exploration‘.