Gazprom has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict, reported Reuters.
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.
India is well positioned to capitalise on Russian oil opportunities and is gradually stepping up as a buyer of Russia’s oil exports.
Sinopec will spend record amounts this year to increase oil and gas drilling as China aims to bolster its energy security and insulate itself from volatile global commodity markets. Significantly, the news comes as the Chinese giant pauses new investment in Russia projects over sanctions risk.
The company behind the low-cost district heating scheme in Aberdeen is to terminate its contract with Russian state-owned Gazprom.
UK and US oil majors such as Shell and BP may be stuck with their assets in Russia despite saying that they will leave the country to protest the invasion of Ukraine, said TotalEnergies chief executive officer Patrick Pouyanne.
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”
Boris Johnson has told MPs that the UK must “abandon the phobia of our own hydrocarbons” for energy security.
Petrofac (LON: PFC) is awaiting the outcome of a £127 million court battle with HMRC, and said a portion of the costs could land on its customers.
Neptune Energy workers have been left "shocked and dismayed" after charity Save the Children rejected a $1 million donation for Ukraine from the oil and gas firm.
China imported twice as much liquefied natural gas (LNG) from Russia last month than a year earlier, despite weakened appetite for spot purchases because of high prices.
TotalEnergies (LON:TTE) has denied charges of complicity in war crimes and signalled its determination for a “gradual suspension” of its work in Russia.
Calls for a North Sea windfall tax “are justifiable” according to the former CEO of oil giant BP, Lord John Browne.
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.
Turning off the taps to North Sea oil and gas leaves the country open to “blackmail” by Vladimir Putin, Prime Minister Boris Johnson warned.
The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.
China and Russia’s trade relationship has become more complicated since the war started more than three weeks ago, raising questions about the future flow of energy between the two powerhouses.
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
Sky-high oil prices and extreme volatility have exposed the fragility of the world’s dependence on fossil fuels.
The UK held exploratory talks with Electricite de France SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close.
Boris Johnson has declared Saudi Arabia and the United Arab Emirates "key international partners" in efforts to reduce dependence on Russian energy after the invasion of Ukraine.
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
Oil’s retreat took a breather after giving up most of the gains following Russia’s invasion of Ukraine, with attention turning to the prospect of reduced demand due to a Covid-19 resurgence in China.
Greenpeace France and Amis de la Terre have warned of legal action against TotalEnergies based on its continued activity in Russia.