A recent UK government report shows how much the country spent on Russian fossil fuels in 2022 - figures trade body Offshore Energies UK (OEUK) said showed the “terrible damage” being done to consumers.
Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy.
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Aberdeen-headquartered drilling contractor KCA Deutag has suspended new investments in Russia, as oilfield services firms join energy majors in reducing exposure to the Russian market following the invasion of Ukraine.
Crown Estate Scotland (CES) has issued its second statement to ensure that winners of the ScotWind offshore leasing round are complying with sanctions on Russia.
Australian listed engineering giant Worley will withdraw from Russia, as increasing numbers of businesses react to its invasion of Ukraine.
The US house of representatives has overwhelmingly approved legislation that would ban Russian oil imports to the United States.
Russia may rethink its energy-supply commitments in light of the sanctions imposed following its invasion of Ukraine, according to Kremlin spokesman Dmitry Peskov.
Oil prices could nearly double by the summer if more countries follow suit in banning Russian oil imports, analysts have forecast.
Oil extended its rally as the US and UK said they plan to ban Russian oil imports while oil giant Shell announced it will also halt purchases from the country.
The Federal Antimonopoly Service (FAS) describes the possibility of 51% purchase by US services provider Schlumberger of Russia’s Eurasia Drilling Company (EDC) as ‘a risk for the country’.