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.
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.
Exxon’s bank in Russia among those hit by sanctions over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people familiar with the matter.
Equinor follows BP in exiting ‘untenable’ Russia joint ventures
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
Goldman says demand destruction only thing that can restrain oil
Demand destruction is the only thing that can stop oil shooting higher after the US and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc.
Oil jumps as more sanctions on Russia spur energy crisis fears
Oil soared at the open as energy and commodity markets were thrown into a state of disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.
Updated: BP faces ‘eye-watering’ $25 billion hit over exit from Russia oil firm Rosneft
BP is facing a financial hit of up to $25 billion over its exit from Russia state-owned oil firm Rosneft.
North Sea workers’ travel disrupted as war in Ukraine escalates
Crew change disruption for workers in North Sea oil and gas, and further afield, is being felt as airspace over Ukraine and Russia is closed off.
As Europe reconsiders energy security, LNG is set for the limelight
It is unlikely that Europe will agree to cutting gas flows from Russia, but the invasion of Ukraine has had a clear impact on security of supply considerations.
Ukraine crisis unlikely to have a ‘material impact’ on BP or TotalEnergies
Researchers don’t expect the ongoing conflict between Russia and Ukraine to dent the flow of cash to BP (LON: BP) or TotalEnergies (PAR: TTE).
Key Russian oil shipping rate triples after Ukraine invasion
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into Russian ports because of the shelling in and around Ukraine.
Global energy crisis unfolding after Russia attacks Ukraine
A global energy crisis looks likely to unfold after oil prices spiked above $100 per barrel yesterday as Russian tanks and troops moved closer to Ukraine’s capital.
Oil hovers around $100 after West holds off on energy sanctions
Oil pushed higher in Asian trading following a wild session in which prices spiked above $100 a barrel before giving up gains after Russian energy supplies were spared from sanctions.
‘Business as usual’ as Russian state-owned tanker visits Shetland
Isles MP Alistair Carmichael said he is at a loss as to how to answer constituents wondering why a Russian state-owned oil tanker is allowed to load at Shetland on the same day Russia has invaded Ukraine.
Ukraine crisis underlines need to keep North Sea drilling an option
Boss of Aberdeen Grampian Chamber of Commerce Russell Borthwick has welcomed news that the door has been left open for further North Sea drilling as uncertainty over gas supplies increases due to the Russia-Ukraine crisis.
Oil forecast to hit $130 by June
Analysts have been reacting after oil topped $100 a barrel for the first time in years following Russia's invasion of Ukraine.
European gas prices surge after Russia attacks Ukraine targets
European natural gas prices soared after Russian forces attacked targets across Ukraine in an effort to demilitarize the country. The West vowed further sanctions.
Methane emissions ‘significantly higher than countries claim’
Emissions of planet-warming methane from oil, gas and coal production are significantly higher than world governments claim, according to the International Energy Agency.
Oil soars past $100 after Russia attacks targets across Ukraine
Brent oil surged above $100 a barrel for the first time since 2014 as an attack by Russia on cities across Ukraine sparked fears of a disruption to the region’s critical energy exports.
Scholz halts Nord Stream 2 pipeline as Putin backs separatists
Russia’s lower house of parliament, the State Duma, unanimously ratified the Kremlin’s treaties recognizing two self-proclaimed republics in eastern Ukraine.
Update: Energy prices surge on Ukraine with oil closing In on $100
Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday.
European gas swings as Russia discusses separatist recognition
European natural gas prices fluctuated, whipsawed by Russian President Vladimir Putin’s plans to decide on recognition of separatist regions of eastern Ukraine on Monday.
Oil rally pauses as traders take stock of Ukraine crisis, Iran
Oil headed for a weekly loss as investors weighed the crisis over Ukraine and the possibility that Iran’s nuclear deal may be revived.
Oil markets react to Russian de-escalation, but relief seems temporary, says Rystad
Global oil markets are reacting to news from Eastern Europe that Russia has retracted troops from the Ukrainian border. However, price relief may be short-lived as bullish factors remain, reckons consultancy Rystad Energy.