Shell reportedly mulling sale of chemical assets in Europe and US
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
Europe
European Oil and Gas news
Voltalis pledges £1bn after Ofgem demand response reform
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
All Europe Posts
EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
Biden to announce US Ban on Russian oil
The Biden administration will impose a ban on US imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter.
Predator talks up energy security while seeking Morocco partners
Predator Oil & Gas has touted its potential impact on European energy security, as it advances LNG plans and moves into hydrogen.
TotalEnergies traders aren’t buying Russian oil, CEO Says
TotalEnergies has instructed traders not to buy any oil from Russia as pressure grows to isolate the country from world energy markets.
Shell to withdraw from all involvement in Russian oil and gas
Shell has announced its intent to withdraw from all involvement in oil and gas from Russia, including trading of hydrocarbons and closing a range of service businesses.
Energy reality bites as Ukraine crisis unfolds
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
Russia threatens to cut natural gas flows to Europe via Nord Stream 1
Russia threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline as part of its response to sanctions imposed over the invasion of Ukraine, a move that could heighten the turmoil in energy markets and drive consumer prices even higher.
VIDEO: Greenpeace confronts tanker of Russian gas diverted by UK workers
Greenpeace has released video of it confronting a tanker containing Russian gas which was turned away by UK dockworkers last week.
Cheniere, Venture Global prep for more LNG
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Duguid and Buchan launch new oilfield equipment player RenQuip
A new equipment firm, which will “bridge the gap” between oil and gas and renewables, has been launched with the backing of a pair of Aberdeen serial entrepreneurs.
Oilfield tech firm Plexus to take £650K hit as it ‘suspends activities’ in Russia
Aberdeen-headquartered Plexus Holdings has announced it will “suspend activities” with its partner in Russia in light of the war in Ukraine.
Kwarteng: UK aims to ‘drive down’ amount of gas being taken from Russia
Even the “tiny fraction” of gas that the UK takes from Russia is “too much”, business secretary Kwasi Kwarteng has said.
Shell pledges Russian oil profits to Ukraine needs
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
BP contributes £15m to support humanitarian efforts in Ukraine
BP (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
German import terminals target short-term LNG, long-term green hydrogen
Tree Energy Solutions (TES) is accelerating its plans to develop a “green gas” import hub in the German port of Wilhelmshaven.
Firefighters battle huge blaze at Ukrainian oil depot
Shocking videos have emerged online of Ukrainian emergency services battling a huge blaze at an oil depot.
France seizes head of Rosneft’s yacht
French customs agents have seized the Amore Vero yacht, belonging to Rosneft CEO Igor Sechin.
Technip Energies: $4.2 billion of Russia backlog impacted by Ukraine crisis
Technip Energies (EPA: TE) has said $4.2 billion of its backlog is linked to projects in Russia, which will be impacted by the crisis in Ukraine.
‘I hope the bravery of the Ukrainian people will encourage action’
A Ukrainian energy expert living in Aberdeen hopes the bravery displayed by her countrymen will lead to further action against Russia, including UK sanctions on its fossil fuels.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.
China among the leading contenders to snap up BP’s stake in oil company Rosneft
There is general consensus amongst analysts that oil giant BP will face an uphill struggle to find a buyer for its stake in Rosneft.
OMV steps back from Russian plans, while Wintershall considers options
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
TotalEnergies pulls capital for ‘new projects’ in Russia
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.