Well, so much for the threat of sanctions causing oil and gas companies to pull out of Russia. This past week saw slew of oil companies, including ExxonMobil (NYSE:XOM), Total (NYSE:TOT), and BP (NYSE:BP), sign major deals with Rosneft and Lukoil to explore Russia's expansive shale oil and Arctic resources. These deals are not only major wins for these Big Oil players, but also an unprecedented opening of the Russian oil and gas market. 

It's not a coincidence that Russia is under threat from the West and has recently signed big development joint ventures on top of the massive China gas deal. There are some very overt political tones to these deals. But if you are BP, ExxonMobil, or Total, why not take advantage of the situation? Tune into the video below to see how politics play into these recent deals and what they mean for these companies in the long run. 

OPEC and Russia are absolutely terrified of this game-changer
Oil and gas production from places all over the world is changing the dynamics of the market. Much of that movement has been thanks to major strides in oil and gas drilling technology, and one behind-the-scenes energy giant is at the epicenter of this movement. Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock.

Tyler Crowe has no position in any stocks mentioned. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter,@TylerCroweFool.

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