Lukoil chairman dies in mysterious circumstances
Lukoil chairman Ravil Maganov has died, seemingly of falling from a hospital window in Moscow.
Russia
‘We need more oil and gas’ billionaire Elon Musk tells ONS
Billionaire Elon Musk has told the ONS conference in Stavanger that “more oil and gas” is needed, at least in the near-term, for a sustainable future.
Japan’s Mitsubishi primed to join new Sakhalin-2 LNG Russian operator
Japan’s Mitsubishi Corporation is set to issue a notice that it will join the new operating company for the Sakhalin-2 LNG export complex in the Russian Far East, reported Nikkei Asia.
TotalEnergies denies supplying fuel for Russian fighter jets
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by France’s Le Monde.
UK gas producers boost domestic supplies by a quarter in just six months
Gas companies have stepped up to the plate in recent months to help the UK cut its dependence on imports.
Sudan offers Russia oil exploration opportunities
Sudanese officials have visited Russia and discussed the opportunities for new oil investments in the North African state.
Uniper posts mega loss on Russian gas squeeze
Uniper has been hard hit by reduced Russian gas deliveries, posting major losses and with better times only coming in 2024, it has said.
UK inflation hits double digits for the first time in 40 years
UK inflation rose more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England.
Russian oil flows halted through pipeline to Central Europe
Europe’s energy security took another hit after Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted because sanctions prevented payment of a transit fee.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Indonesia’s Pertamina pushed to buy Shell’s stake in Masela LNG project
The Indonesian government is directing national oil company Pertamina to buy Shell’s (LON:SHEL) 35% equity in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605).
Russia orders new Sakhalin-2 LNG operator to be set up, putting Japan’s stake on the line
Russia’s government ordered the establishment of a new operator for the Sakhalin-2 liquefied natural gas (LNG) project in the Far East region, according to a document published in the nation’s legal database.
Baker Hughes sells Russian oilfield services unit to local management
Baker Hughes (NASDAQ: BKR) has signed an agreement to sell its oilfield services business in Russia to its local management team, in the wake of ongoing sanctions.
More oil middlemen muscle in to supply India with Russian crude
India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by rivals after the invasion of Ukraine.
Shell expected to report ‘another monster set’ of financials with Q2 results due tomorrow
Supermajor Shell (LON: SHEL) has been backed to replicate the eye-watering profits it reported earlier this year.
Russian nuclear giant eyes Vietnam wind power project
Russian nuclear giant Rosatom's wind power arm NovaWind has signed a deal for a 128MW wind power project in Vietnam. NovaWind and Vietnamese partner An Xuan Energy said a cooperation agreement might see the pair build a wind farm in the northwestern Son La province.
Russia to cut Nord Stream gas flow in ominous sign for winter
Russia is once again sharply reducing the flow of piped gas to Germany, reminding Europe of the daunting challenge the continent faces to build up its energy stockpiles before winter.
Oil drops as concerns over slowdown offset tight crude market
Oil declined at the start of the week as concerns about an economic slowdown overshadowed signs of a tight physical crude market.
Germany bails out Uniper with multi-billion euro package
Germany has agreed to buy a stake in Uniper and also provide multi-billion euro in various instruments.
Oil set for longest run of declines this year in boost for Biden
Oil is headed for a third weekly drop, the longest run of declines this year, on concerns over weaker US gasoline demand and a global slowdown.
Russian supply fears intensify Asian demand for winter gas, poses setback for Europe
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
Oil drops below $100 as traders assess weak US gasoline demand
Oil slipped back below $100 a barrel as investors assessed signs of lacklustre US gasoline demand and expanding stockpiles.
Baker Hughes sees ‘unusual circumstances’ for oil market through 2023
Baker Hughes (NASDAQ: BKR) expects an “unusual set of circumstances and challenges” for the oil market through 2023.
Halliburton takes $366m impairments on Russia invasion of Ukraine
Marketing for sale its business in Russia and impairments on its assets in Ukraine saw Halliburton (NASDAQ: HAL) take $366m of impairments in the first half of 2022.
Oil holds above $100 as traders weigh tight market, OPEC+ limits
Oil held above $100 a barrel after posting the biggest one-day advance since May as fears of a fast-tightening market gripped traders.