Equinor confirms it will stop trading in Russian oil
Equinor has confirmed that it will stop trading in Russian oil as the company shuts down its operations in the country.
Russia
Patrick Harvie: Ukraine invasion doesn’t justify North Sea production boost
Scottish Green party co-leader Patrick Harvie has said the war in Ukraine must not be used to justify increased production of fossil fuels from the North Sea.
North Sea operator Neptune Energy to donate £1.5m to support Ukraine aid efforts
Neptune Energy has become the latest oil company to pledge cash to support humanitarian efforts in Ukraine.
Boris Johnson setting up ‘energy task force’ on oil and gas
Boris Johnson is reportedly setting up an energy task force to help bolster oil, gas and nuclear supplies to help keep UK bills down and cut reliance on Russia.
Oil resumes slide after wild week with focus on Ukraine talks
Oil declined following a volatile week of trading after Ukraine’s president said talks with Moscow show signs of becoming more substantive, prompting some cautious optimism about steps toward deescalation.
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.
Europe’s plan to quit Russian fuel starts a global fight for gas
The liquefied natural gas (LNG) market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
Oil market’s big question: how much Russian crude will Asia buy?
Two weeks into Russia’s invasion of Ukraine, and one question is becoming increasingly pivotal in the global oil market: how much crude will Asia buy from Moscow?
Japan says G7 agrees on need to cut reliance on Russia for energy
Energy ministers from the Group of Seven developed nations on Thursday agreed to boost efforts to cut their dependency on energy imports from Russia, Japanese industry minister Koichi Hagiuda said, reported Nikkei Asia.
Shell boss says no one will be fired over Russian oil purchase
The chief executive of Shell has said no one will be fired for a controversial purchase of Russian crude oil last week and that he would take personal responsibility for it, according to people with direct knowledge of the matter.
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.
‘Six million miles away from Just Transition’: Shell CEO pay surges to 57x more than average employee
Shell CEO Ben van Beurden has taken home a whopping £6.1 million pay package following an “impressive financial performance for the oil giant”.
Japanese firms unlikely to exit Russian energy after Shell and ExxonMobil’s departure
There has been increasing speculation that Japanese oil and gas companies may follow their Western peers and exit Russian energy projects in response to Vladimir Putin’s bloody invasion of Ukraine. However, this seems unlikely, as such a move - designed to hurt Russia - would be blunted, as China is expected to fill any void left by departing investors.
UAE says OPEC+ should boost output, setting up tension in group
The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the alliance led by Saudi Arabia and Russia.
Shell bids big for North Sea oil a day after axing Russian crude
A day after saying it would quit buying Russian crude, Shell was bidding at high prices for barrels produced North Sea oil -- in what may give an early indication of the cost of the switch.
Big Oil should spend windfall billions on transition, not dividends, says former Wood Group CEO
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
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.
Watch: New North Sea licences ‘not a reasonable response’ to surging prices, MPs told
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
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.
Boris Johnson seeks to boost North Sea oil and gas production
Boris Johnson is preparing a new UK energy strategy, it is reported, which could involve more North Sea oil and gas production.
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.
Matheson: Surging gas prices brings Scottish offshore wind imperative
Surging gas prices throws into “sharp relief” the need to ramp up Scottish offshore wind and hydrogen, the energy minister will say later.
ScotWind: Assurances sought over Russian sanctions
Crown Estate Scotland is seeking “formal assurances” that winners in the ScotWind auction adhere to sanctions being imposed on Russia.