Wintershall Dea takes โฌ5.3 billion hit on Russian exit
Wintershall Dea has announced it will โfully exitโ Russia, joining the ranks of energy majors pulling out of the country in the wake of its invasion of Ukraine.
Wintershall Dea has announced it will โfully exitโ Russia, joining the ranks of energy majors pulling out of the country in the wake of its invasion of Ukraine.
Gazprom PJSCโs exports to its key foreign markets almost halved in 2022 โ reaching the lowest since at least the start of the century โ as flows to Europe were slashed following the invasion of Ukraine.
President Putin said Kovykta and Chayandinskoye could produce 50 bcm per year.
Gazprom has stakes in five licences in the UK North Sea.
Russiaโs budget surplus more than quadrupled in November despite the financial drain of the war in Ukraine, recording another month of improvement thanks largely to dividends and a windfall tax paid by Gazprom.
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.
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".
Eni is working with Gazprom and Austria to restore Russian natural gas flows to Italy after supplies were halted on Saturday in an apparent scuffle over regulation.
The Nord Stream pipelines appear to have stopped leaking, according to the Danish Energy Agency, while accusations are thrown over responsibility.
Nord Stream 1 and 2 have sprung a number of leaks simultaneously, releasing gas into the environment.
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers โunfriendlyโ amid US and European sanctions.
Lukoil chairman Ravil Maganov has died, seemingly of falling from a hospital window in Moscow.
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.
Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, throwing customers including Japan and South Korea into a dilemma over sanctions that threaten shipments.
Gazprom signed a deal in July to help National Iranian Oil Co. (NIOC) develop Iranian projects, but Rystad Energy has warned Russia lacks the required metallurgical supplies.
German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared "there are no problems" with the part besides information from Russia's state-controlled gas company.
UK households are set to see record energy prices this winter as Russia clamps down on Europeโs gas supplies, aggravating Britainโs cost-of-living crisis.
Russia started sending gas through its biggest pipeline to Europe after a 10-day maintenance period.
Gazprom is poised to restart gas exports through its Nord Stream pipeline to Europe on Thursday at reduced capacity, according to people familiar with the matter.
Russian gas giant Gazprom has declared force majeure on several European natural gas buyers - a move that may signal it intends to keep supplies capped, reinforcing Russiaโs grip on the regionโs energy.
Moscow again rejected additional gas-pipeline space offered by Ukraine, keeping European buyers guessing as future flows on the key Nord Stream route also remain uncertain.
Russiaโs shunned Nord Stream 2 gas pipeline won a legal boost in its pre-war challenge against European Union rules that subjected all new and existing pipelines involving foreign suppliers to the EUโs energy market-opening requirements, after the blocโs top court said its appeal can be heard.