Russia managed to keep its federal budget in surplus in October despite rising spending for the war in Ukraine as a windfall tax on state gas company Gazprom PJSC delivered billions of rubles to state coffers.
With Nord Stream AG, the consortium led by Russia's Gazprom completing "intial data gathering" on the pipeline's alleged sabotage in the Baltic Sea, we've put together a timeline of events on the key pipeline's leaks.
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
Nord Stream AG has completed initial data gathering at the location of the pipeline damage on Line 1 in the Swedish exclusive economic zone finding "technogenic craters".
The UK is pressing ahead with legislation to prevent its services being used to allow shipments of oil from Russia internationally.
Japan will keep its investment in the Sakhalin-1 oil and gas project in Russia, said the nation’s trade chief.
Russia’s Ministry of Defence has claimed that the UK's navy was behind the attacks on the Nord Stream pipelines last month.
Russian President Vladimir Putin intends to allow companies from friendly countries, such as China and India, to invest in its gas and LNG business, as Western firms retreat.
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.
TotalEnergies has increased its Russia impairment by another $3.056 billion over challenges in its LNG plans.
Norway's prime minister is calling for support from NATO navies as fears around drone sightings near offshore platforms grow.
Russian attacks on Ukraine have destroyed 30% of Ukraine’s grid, President Volodymyr Zelensky has said.
The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further, according to people familiar with the matter.
ExxonMobil (NYSE:XOM) has completed its exit from Russia, calling the departure an “expropriation” of its main Russian operation and potentially setting up a future legal challenge.
The head of the UN weather agency has said the war in Ukraine "may be seen as a blessing" from a climate perspective because it is accelerating the development of and investment in green energies over the longer term - even though fossil fuels are being used at a time of high demand now.
President Vladimir Putin signed a decree to transfer operations of the Sakhalin-1 oil and gas project to Russia, a move that could lead to the final withdrawal of ExxonMobil from the nation’s Far East.
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
A secure supply of energy is something we used to take for granted. Now it’s different.
TotalEnergies said it spotted an aerial drone close to an oil field in the Danish North Sea, intensifying concerns of an energy conflict erupting in Europe.
Nord Stream 1 and 2 have sprung a number of leaks simultaneously, releasing gas into the environment.
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
Germany is taking control of Russian oil major Rosneft PJSC’s German unit, including stakes in three oil refineries, as Chancellor Olaf Scholz reacts to the unprecedented energy crisis sparked by the invasion of Ukraine.
China is lapping up liquefied natural gas (LNG) shipments from Russia on the cheap. The Sakhalin-2 LNG export plant in Russia’s Far East sold several shipments to China for delivery through December at nearly half the current spot price in a tender that closed earlier this week, according to traders with knowledge of the matter.
Russia will keep the key Nord Stream 1 gas pipeline to Germany shut, state-owned energy giant Gazprom said on Friday, delivering a massive blow to Europe.
Equinor (OSLO:EQNR) has fully exited its holdings in Russia’s Kharyaga oil field, concluding a total withdrawal from the country in the wake of its invasion of Ukraine.