Russia curbs gas supplies to Germany in warning for Europe
Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine.
Gazprom
Gazprom 2021 annual earnings hit record on gas price rally
Russia’s gas giant Gazprom PJSC reported its highest-ever annual income for 2021, when natural gas prices soared during Europe’s worst energy crunch in decades.
Russia to block gas to Poland and Bulgaria until ruble demands met
Russia’s Gazprom PJSC said it has halted gas flows to Poland and Bulgaria and will keep the supplies turned off until the two countries agree to Moscow’s demand to pay for the crucial fuel in rubles.
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.
OMV takes 2bn euro charge on Russian turmoil
OMV has taken a charge of around 2 billion euros ($2.17 billion) on the exit of its Russian holdings.
Shell expects $5bn write down on Russian exit
Shell has begun to quantify the cost of its exit from Russia in an update ahead of its Q1 2022 results.
Gazprom asks GAIL to pay for gas imports in euros
Gazprom has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict, reported Reuters.
UK faces £4 billion bill if government has to bail out Gazprom
UK taxpayers could face billions of pounds in costs if the government ends up nationalising a unit of Gazprom PJSC that supplies about a fifth of the country’s commercial gas.
IOG to sell Saturn Banks gas to BP after axing Gazprom deal
Just over a week after IOG cancelled a contract to sell gas to Russian giant Gazprom, the North Sea operator has found a new buyer.
UK delivers sanctions hit on CEOs of Rosneft and Gazprom
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
Shell to withdraw from all involvement in Russian oil and gas
Shell has announced its intent to withdraw from all involvement in oil and gas from Russia, including trading of hydrocarbons and closing a range of service businesses.
Oilfield tech firm Plexus to take £650K hit as it ‘suspends activities’ in Russia
Aberdeen-headquartered Plexus Holdings has announced it will “suspend activities” with its partner in Russia in light of the war in Ukraine.
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.
Shell pledges Russian oil profits to Ukraine needs
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
Wintershall DEA writes off €1bn Nord Stream 2 finance
Wintershall DEA says it will not “advance or implement” any oil and gas projects in Russia, and will write off its €1 billion (£830 million) financing of Nord Stream 2.
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.
Europe gas rises 60% with traders backing away from Russia deals
European natural gas surged to a record as supply fears were compounded by traders trying to avoid exposure to a key Russian player in the market.
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.
OMV steps back from Russian plans, while Wintershall considers options
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.
IOG cancels deal to sell North Sea gas to Gazprom
IOG has backed out of a deal to sell gas to Russian energy giant Gazprom following the “unprovoked” invasion of Ukraine.
Centrica to exit Russian gas supply deals
Energy group Centrica has said it will exit its gas supply deals with Russian firms, including state-owned major Gazprom.
TotalEnergies pulls capital for ‘new projects’ in Russia
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
Big oil walks away after decades in Russia
First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.
Shell announces plan to divest from Russia partnerships
Oil and gas giant Shell has become the latest company to divest from Russia following the country’s invasion of the Ukraine.