ExxonMobil (NYSE:XOM) said it will discontinue operations at Sakhalin-1 and make no new investments in Russia in response to Vladimir Putin’s invasion of Ukraine. Significantly, this casts more uncertainty around Russia's plans for expanding liquefied natural gas (LNG) exports from Sakhalin Island in Far East Russia.
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption.
Moscow-headquartered Lukoil (LON: LKOH) has terminated its membership of industry trade body Norwegian Oil and Gas.
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
Oil and gas giant Shell has become the latest company to divest from Russia following the country’s invasion of the Ukraine.
A Russian state-owned oil tanker will not visit Orkney after the UK Transport Secretary asked ports to deny vessels from the country entry.
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people familiar with the matter.
Demand destruction is the only thing that can stop oil shooting higher after the US and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc.
Germany pledged new support for liquefied natural gas (LNG) terminals, the latest sign it’s willing to retool its energy policy in the wake of Russia’s invasion of Ukraine.
Oil soared at the open as energy and commodity markets were thrown into a state of disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.
BP is facing a financial hit of up to $25 billion over its exit from Russia state-owned oil firm Rosneft.
Crew change disruption for workers in North Sea oil and gas, and further afield, is being felt as airspace over Ukraine and Russia is closed off.
It is unlikely that Europe will agree to cutting gas flows from Russia, but the invasion of Ukraine has had a clear impact on security of supply considerations.
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into Russian ports because of the shelling in and around Ukraine.
Europe’s top energy companies are rushing to buy more Russian gas even after President Vladimir Putin’s forces attacked Ukraine.
A global energy crisis looks likely to unfold after oil prices spiked above $100 per barrel yesterday as Russian tanks and troops moved closer to Ukraine’s capital.
Oil pushed higher in Asian trading following a wild session in which prices spiked above $100 a barrel before giving up gains after Russian energy supplies were spared from sanctions.
Isles MP Alistair Carmichael said he is at a loss as to how to answer constituents wondering why a Russian state-owned oil tanker is allowed to load at Shetland on the same day Russia has invaded Ukraine.
Boss of Aberdeen Grampian Chamber of Commerce Russell Borthwick has welcomed news that the door has been left open for further North Sea drilling as uncertainty over gas supplies increases due to the Russia-Ukraine crisis.
Analysts have been reacting after oil topped $100 a barrel for the first time in years following Russia's invasion of Ukraine.
Brent oil surged above $100 a barrel for the first time since 2014 as an attack by Russia on cities across Ukraine sparked fears of a disruption to the region’s critical energy exports.
Russia’s lower house of parliament, the State Duma, unanimously ratified the Kremlin’s treaties recognizing two self-proclaimed republics in eastern Ukraine.
Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday.
European natural gas prices fluctuated, whipsawed by Russian President Vladimir Putin’s plans to decide on recognition of separatist regions of eastern Ukraine on Monday.