Russian ships accused of North Sea ‘sabotage’ in documentary due to air tonight
Documentary makers have accused Russia of having a programme to “sabotage” wind farms and communication cables in the North Sea.
Russia
Naftogaz claims $5bn arbitration victory over Russia
Ukraine’s state-run energy firm NJSC Naftogaz Ukrainy says it won an arbitration case against Russia, in a decision that would oblige Moscow to pay $5 billion or risk the seizure of assets abroad.
Foreign flight from Russia helps push ruble to lowest in a year
Speculation that Shell (LON: SHEL) may convert and repatriate more than $1 billion of ruble earnings from the sale of a project in the Far East has helped drive the Russian currency to its weakest level in a year.
Russian oil price cap to stay at $60, European governments told
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now.
Russian vessel spotted touring Shetland oil fields
Orkney and Shetland MP Alistair Carmichael has raised concerns over a Russian tug vessel spotted near vital energy infrastructure around Shetland.
EU aims to give members option to block Russian LNG imports
The European Union is targeting a way for member states to have the option to effectively ban Russian shipments of liquefied natural gas without implementing new energy sanctions.
‘Disaster waiting to happen’: Shadow tankers carrying Russian oil pose environmental danger
The oil tanker Turba normally should have been melted down by now.
Denmark asks Nord Stream 2 to help identify object near blast
The Danish Energy Agency has invited Swiss-based Nord Stream 2 to participate in an operation to lift an unknown object found next to the damaged gas link in the Baltic Sea.
Norway to redeploy military to protect North Sea assets
Norway is to deploy its military to protect key subsea oil and gas assets following an increase in Russian submarine activity.
Big oil traders stay circumspect on reviving Russia dealings
The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might disappoint the US Treasury officials working to ensure no disruption to global petroleum supplies.
China’s Russian energy imports balloon to $88bn since war
In the year since Russia invaded Ukraine, roiling energy markets across the globe, China’s appetite for Moscow’s oil, gas and coal has grown apace, with imports rising by more than half.
G-7 set to hold off revising Russian oil price cap this week
Group of Seven nations are unlikely to revise a price cap on Russian oil this week, despite initial evidence that crude is selling well below the current $60 threshold.
International SOS: Risk Outlook 2023
As the acute impact of the pandemic subsidies in many countries, organisations worldwide can still expect to encounter significant risks in 2023.
Oil jumps as sanctions against Russia ensnare more buyers
Oil jumped as sanctions against Russia complicate purchases for what few buyers of the crude remained.
‘We are here with light, with warmth, and with our country’: Ukraine energy chief a year on from Russian invasion
A senior figure in Ukraine’s energy industry delivered a rousing reflection to mark a year to the day since Russian forces launched a full-scale attack.
‘Definite’ rise in defence investors interested in energy following Russia’s Ukraine attack
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
Russian oil flows to China hit highest levels since Ukraine invasion
Russian exports of discounted crude and fuel oil to China have jumped to record levels as the re-opening of the world’s biggest energy importer gathers pace after the dismantling of Covid Zero.
‘Terrible damage’: UK spent £1.6bn on Russian oil in 2022
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.
UK oil sector ‘engaged’ with government as Norway prepares for Russian spies
As Norway predicts Russian spies will target its energy sector, the UK oil and gas trade body said it is continuing with "regular engagements" with the UK government on any threats on this side of the North Sea.
Norweigan energy braces itself as Russian spy activity predicted
The Norweigan police agency has predicted an increase in Russian spy activity targeted at the country's energy sector.
Russia blames US for Nord Stream blasts, threatens consequences
Russia blamed the US for explosions that damaged the Nord Stream pipelines and warned of a response from Moscow, after an American investigative journalist published an article alleging the Biden administration had attacked the gas transportation network.
Updated: Russia retaliates for sanctions by announcing oil output cut
Russia plans to cut its oil output by 500,000 barrels a day next month, following through on a threat to retaliate against western energy sanctions and sending oil prices sharply higher.
Downstream props up TotalEnergies’ profit machine
The French supermajor said it expected to pay $400 million under the UK Energy Profits Levy (EPL) in the fourth quarter, bringing the full-year impact of the windfall tax to an expected $1bn.
OPEC+ keeps output steady amid uncertainty on China and Russia
An OPEC+ committee recommended keeping crude production steady, delegates said, as the oil market awaits clarity on demand in China and supplies from Russia.
Baker Hughes admits shipping equipment to Russia following calls to ban exports
Oilfield services giant Baker Hughes has admitted shipping equipment to Russia months after sanctions were announced in the wake of the invasion of Ukraine.