Boris Johnson seeks to boost North Sea oil and gas production
Boris Johnson is preparing a new UK energy strategy, it is reported, which could involve more North Sea oil and gas production.
Ukraine
Energy reality bites as Ukraine crisis unfolds
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
Russia threatens to cut natural gas flows to Europe via Nord Stream 1
Russia threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline as part of its response to sanctions imposed over the invasion of Ukraine, a move that could heighten the turmoil in energy markets and drive consumer prices even higher.
Matheson: Surging gas prices brings Scottish offshore wind imperative
Surging gas prices throws into “sharp relief” the need to ramp up Scottish offshore wind and hydrogen, the energy minister will say later.
VIDEO: Greenpeace confronts tanker of Russian gas diverted by UK workers
Greenpeace has released video of it confronting a tanker containing Russian gas which was turned away by UK dockworkers last week.
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Elon Musk joins calls to increase oil and gas production
Entrepreneur Elon Musk has unexpectedly added his name to the list of the those calling for more oil and gas.
EVOL podcast: Ukraine
There’s only one place to go in the global energy conversation this week and that’s the unfolding humanitarian crisis in Ukraine.
Fair winds could blow for our economy but only if we act now
The last six months or so have really emphasised the importance of every part of the energy ‘trilemma’.
Kwarteng: UK aims to ‘drive down’ amount of gas being taken from Russia
Even the “tiny fraction” of gas that the UK takes from Russia is “too much”, business secretary Kwasi Kwarteng has said.
US weighs acting without allies on ban of Russian oil imports
The Biden administration is considering whether to prohibit Russian oil imports into the US without the participation of allies in Europe, at least initially, according to two people familiar with the matter.
Escalating Moscow-Western tensions speed up Russia’s energy pivot to China
The Ukraine crisis has pushed Moscow and Beijing closer together as Russia and China jointly push back against US dominance.
Oil has wildest week on record with markets jolted by war
Oil resumed climbing at the end of a week where prices have swung within a $20 range since Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch.
Shell buys Russia’s flagship Urals oil at a record discount
Shell, Europe’s largest oil company, bought a cargo of Russia’s flagship crude at a record discount, underscoring the company’s decision to keep buying supplies from the country after its invasion of Ukraine.
Scottish Government urges businesses: Stop trading with Russia
Businesses in Scotland are being urged to withdraw from trading with Russia, following its invasion of Ukraine.
BP contributes £15m to support humanitarian efforts in Ukraine
BP (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
Firefighters battle huge blaze at Ukrainian oil depot
Shocking videos have emerged online of Ukrainian emergency services battling a huge blaze at an oil depot.
Technip Energies: $4.2 billion of Russia backlog impacted by Ukraine crisis
Technip Energies (EPA: TE) has said $4.2 billion of its backlog is linked to projects in Russia, which will be impacted by the crisis in Ukraine.
Brent Crude oil price hits $117 as Russia invasion upends market
Oil soared to the highest price level since 2008 as buyers continued to shun crude from Russia following its invasion of Ukraine, while OPEC+ is doing its best to ignore the war started by one of its key members.
‘I hope the bravery of the Ukrainian people will encourage action’
A Ukrainian energy expert living in Aberdeen hopes the bravery displayed by her countrymen will lead to further action against Russia, including UK sanctions on its fossil fuels.
Exxon to hand Russian oil project stake to Rosneft, partners
Exxon Mobil plans to cede its stake in a Russian oil development to Kremlin-controlled Rosneft PJSC and other partners as sanctions make it harder to operate in the country.
Orsted CEO calls for ‘coordinated’ effort to tackle Russian gas problem
The chief executive of Orsted has underlined the need for a coordinated approach to minimise the impact of Russian sanctions on society.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
Italy’s Eni to exit Blue Stream pipeline JV with Gazprom
Italy’s Eni will end a decades-long pipeline joint venture with Gazprom, as the company joins other oil majors in moving to isolate Russia in response to its invasion of Ukraine.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.