IOG to sell Saturn Banks gas to BP after axing Gazprom deal
Just over a week after IOG cancelled a contract to sell gas to Russian giant Gazprom, the North Sea operator has found a new buyer.
Gazprom
UK delivers sanctions hit on CEOs of Rosneft and Gazprom
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
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.
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.
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.
Escalating Moscow-Western tensions speed up Russia’s energy pivot to China
The Ukraine crisis has pushed Moscow and Beijing closer together as Russia and China jointly push back against US dominance.
Shell pledges Russian oil profits to Ukraine needs
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
Wintershall DEA writes off €1bn Nord Stream 2 finance
Wintershall DEA says it will not “advance or implement” any oil and gas projects in Russia, and will write off its €1 billion (£830 million) financing of Nord Stream 2.
Orsted CEO calls for ‘coordinated’ effort to tackle Russian gas problem
The chief executive of Orsted has underlined the need for a coordinated approach to minimise the impact of Russian sanctions on society.
Europe gas rises 60% with traders backing away from Russia deals
European natural gas surged to a record as supply fears were compounded by traders trying to avoid exposure to a key Russian player in the market.
Italy’s Eni to exit Blue Stream pipeline JV with Gazprom
Italy’s Eni will end a decades-long pipeline joint venture with Gazprom, as the company joins other oil majors in moving to isolate Russia in response to its invasion of Ukraine.
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.
IOG cancels deal to sell North Sea gas to Gazprom
IOG has backed out of a deal to sell gas to Russian energy giant Gazprom following the “unprovoked” invasion of Ukraine.
Centrica to exit Russian gas supply deals
Energy group Centrica has said it will exit its gas supply deals with Russian firms, including state-owned major Gazprom.
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.
Big oil walks away after decades in Russia
First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.
Shell announces plan to divest from Russia partnerships
Oil and gas giant Shell has become the latest company to divest from Russia following the country’s invasion of the Ukraine.
Updated: Eyes on TotalEnergies as Shell confirms Russian exit
Energy majors continue to offload interests in Russia, with a series of divestment announcements by the likes of Shell, BP and Equinor.
BP and other North Sea players keeping tabs on UK sanctions against Russia
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
Scotland could help ease Europe’s gas problem
Europe is too reliant on Russian gas. In fact, Europe is too reliant on gas full stop but it being mainly Russian gas makes it even more problematic.
Gazprom launches El Assel work in Algeria
Sonatrach and Gazprom have launched a plan for a new gas development in Algeria’s Berkine Basin.
European gas, power extend slump as LNG supplies promise relief
European natural gas prices fell for a fourth day as US supplies are expected to bring relief to the tight market and traders weighed both milder weather and risks to demand from the Omicron virus variant.
European gas price slides on signs some Russian flows increase
European natural gas prices slipped on signs Russia may be starting to gradually deliver the boost in supplies President Vladimir Putin promised.
Gazprom ships first LNG to India via Northern Sea Route
Russia’s Gazprom (MCX:GAZP) said its Marshal Vasilevskiy vessel passed through the Northern Sea Route (NSR) with a cargo of liquefied natural gas (LNG) for the first time ever. The Russian LNG cargo was delivered under long-term contract to Indian company GAIL.
Major Russian gas plant shut down following fire
A large gas refinery in the Far East of Russia has been shut down after a fire erupted at the site early on Friday morning.