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.
Russia
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.
Elon Musk joins calls to increase oil and gas production
Entrepreneur Elon Musk has unexpectedly added his name to the list of the those calling for more oil and gas.
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.
US weighs acting without allies on ban of Russian oil imports
The Biden administration is considering whether to prohibit Russian oil imports into the US without the participation of allies in Europe, at least initially, according to two people familiar with the matter.
Oil prices hit $139 as Russian embargo talk fuels fears of supply shortage
Oil surged, briefly touching $139 a barrel, in a dramatic start to another tempestuous week after the US said it was discussing a ban on Russian crude imports, fanning supply fears in an already jittery market.
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 buys Russia’s flagship Urals oil at a record discount
Shell, Europe’s largest oil company, bought a cargo of Russia’s flagship crude at a record discount, underscoring the company’s decision to keep buying supplies from the country after its invasion of Ukraine.
Energy hedge fund eyes $200 oil on potential Russia export ban
The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management.
Germany signals opposition to embargo on Russian energy
Germany opposes a ban on imports of Russian oil, gas and coal, even as it underlines the urgency to reduce reliance on Moscow for energy supplies.
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.
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.
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.
Brent Crude oil price hits $117 as Russia invasion upends market
Oil soared to the highest price level since 2008 as buyers continued to shun crude from Russia following its invasion of Ukraine, while OPEC+ is doing its best to ignore the war started by one of its key members.
‘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.
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.
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.
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.
‘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.
Brent oil rallies above $110 as IEA warns on energy security
Brent oil extended its relentless rally above $110 a barrel before an OPEC+ meeting as the International Energy Agency (IEA) warned that global energy security is under threat following Russia’s invasion of Ukraine.
ExxonMobil to exit Sakhalin-1, make no new investments in Russia
ExxonMobil (NYSE:XOM) said it will discontinue operations at Sakhalin-1 and make no new investments in Russia in response to Vladimir Putin’s invasion of Ukraine. Significantly, this casts more uncertainty around Russia's plans for expanding liquefied natural gas (LNG) exports from Sakhalin Island in Far East Russia.
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.
Oil surges to highest since 2014 as more Russia sanctions loom
Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption.