Denmark to hike gas output to help Europe wean off Russia supply
Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy.
Russia sanctions
Ukraine urges commodity traders to stop buying Russian oil
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
KCA Deutag suspends new investments in Russia
Aberdeen-headquartered drilling contractor KCA Deutag has suspended new investments in Russia, as oilfield services firms join energy majors in reducing exposure to the Russian market following the invasion of Ukraine.
Crown Estate issues second statement on ScotWind and Russian sanctions
Crown Estate Scotland (CES) has issued its second statement to ensure that winners of the ScotWind offshore leasing round are complying with sanctions on Russia.
Worley pulls out of Russia
Australian listed engineering giant Worley will withdraw from Russia, as increasing numbers of businesses react to its invasion of Ukraine.
House approves ban on Russian oil to US
The US house of representatives has overwhelmingly approved legislation that would ban Russian oil imports to the United States.
Russia says sanctions may force rethink of energy commitment
Russia may rethink its energy-supply commitments in light of the sanctions imposed following its invasion of Ukraine, according to Kremlin spokesman Dmitry Peskov.
‘Largest energy crisis in decades’ as market reacts to Russian oil embargo plans
Oil prices could nearly double by the summer if more countries follow suit in banning Russian oil imports, analysts have forecast.
Oil jumps to $130 with US and UK set to ban Russia imports
Oil extended its rally as the US and UK said they plan to ban Russian oil imports while oil giant Shell announced it will also halt purchases from the country.
Schlumberger oil takeover feared by Russian anti-trust agency
The Federal Antimonopoly Service (FAS) describes the possibility of 51% purchase by US services provider Schlumberger of Russia’s Eurasia Drilling Company (EDC) as ‘a risk for the country’.