Ukraine accuses Shell of ‘accounting trick’ to keep buying oil from Russia
The Ukrainian government criticised Shell for setting rules that allow the company to buy oil products partly sourced from Russia.
Ukraine
China’s interest in Shell’s Russian gas stake adds impetus for Japan to stay
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas (LNG) export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC.
China energy giants in talks for Shell’s Russian gas stake
China’s key state-run energy companies are in talks with Shell to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.
Shell withdraws staff from Russia projects as exit plan begins
Shell started to withdraw staff from its joint ventures with Gazprom PJSC as it moves forward with plans to exit investments in Russia response to the invasion of Ukraine.
Reuters – Cnooc North Sea exit spurred on by fears about potential sanctions
Fears about potential sanctions on Chinese Government assets are driving Cnooc’s departure from the North Sea, it has been reported.
Biden tells Modi: importing more Russian oil not in India’s interest
US president Joe Biden has told Indian Prime Minister Narendra Modi that increasing oil imports from Russia is not in India’s interest.
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
China signs another deal to buy US LNG
US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks.
Oil extends surge on specter of fresh sanctions against Russia
Oil advanced for a second day as the US and Europe prepared to impose a fresh wave of sanctions on Russia for alleged atrocities committed by its forces against civilians in Ukraine.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
OPEC ditches IEA numbers in favour of Rystad, WoodMac
OPEC members have opted to drop their use of data from the International Energy Agency (IEA) in their monthly reporting.
Siccar Point and Shell handed extension to Cambo licences
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
Elon Musk coming to ONS conference
Billionaire Elon Musk is coming to the ONS conference in Stavanger later this year.
Oil climbs after two-day drop as investors assess Ukraine talks
Oil rebounded in Asian trading as investors cautiously assessed the outlook for a de-escalation of Russia’s war in Ukraine, which has entered its second month and rattled markets worldwide.
Oil extends losses on China demand concerns ahead of OPEC+ meet
Oil kept falling after capping the biggest loss in almost three weeks on concern that a virus flare-up in China will weigh on global demand.
China oil giant plans record $31bn spend on energy security push
Sinopec will spend record amounts this year to increase oil and gas drilling as China aims to bolster its energy security and insulate itself from volatile global commodity markets. Significantly, the news comes as the Chinese giant pauses new investment in Russia projects over sanctions risk.
Aberdeen heating firm cuts ties with Gazprom
The company behind the low-cost district heating scheme in Aberdeen is to terminate its contract with Russian state-owned Gazprom.
Shell and BP may be stuck in Russia despite exit plans, says TotalEnergies CEO
UK and US oil majors such as Shell and BP may be stuck with their assets in Russia despite saying that they will leave the country to protest the invasion of Ukraine, said TotalEnergies chief executive officer Patrick Pouyanne.
Video: UK must ‘abandon phobia of our own hydrocarbons’ Boris Johnson tells MPs
Boris Johnson has told MPs that the UK must “abandon the phobia of our own hydrocarbons” for energy security.
Petrofac awaits outcome of £127 million HMRC court battle
Petrofac (LON: PFC) is awaiting the outcome of a £127 million court battle with HMRC, and said a portion of the costs could land on its customers.
Neptune Energy left ‘dismayed’ after Save the Children rejects $1m donation for Ukraine
Neptune Energy workers have been left "shocked and dismayed" after charity Save the Children rejected a $1 million donation for Ukraine from the oil and gas firm.
China LNG imports from Russia doubled in February as demand fell
China imported twice as much liquefied natural gas (LNG) from Russia last month than a year earlier, despite weakened appetite for spot purchases because of high prices.
Former BP CEO Lord Browne says windfall tax is ‘justifiable’
Calls for a North Sea windfall tax “are justifiable” according to the former CEO of oil giant BP, Lord John Browne.
‘Not so turn off and onable’
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
New licensing will ‘keep up the momentum’ for North Sea: Energy Minister
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.