PetroSA lines up sanctioned Gazprom unit for Mossel Bay
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
sanctions
Halliburton equipment imported to Russia despite sanctions
Russia imported millions of pounds of Halliburton equipment last year despite sanctions, according to a report by The Guardian.
Oil jumps as sanctions against Russia ensnare more buyers
Oil jumped as sanctions against Russia complicate purchases for what few buyers of the crude remained.
PTTEP delays $2bn M3 gas development in Myanmar
Thailand’s state-backed energy company PTT Exploration & Production (PTTEP) has decided to delay the development of its integrated gas-to-power project, that would use resources from the M3 Block, to generate electricity in Myanmar, according to a report in the Bangkok Post.
US to boost pressure on China to stop importing Iran oil, envoy says
The US said it will increase pressure on China to stop buying Iranian oil, as the White House seeks to enforce sanctions aimed at curbing the Islamic Republic’s nuclear activities.
Sanctions-proof yuan to Putin’s rescue after oil cap hits budget
The price cap on Russian crude oil exports is starving President Vladimir Putin’s budget of income, though it likely won’t force him to ratchet down spending for years thanks to a $45 billion buffer of yuan reserves.
Gulfsands sets out plan for return to Syria
Under the plan, Gulfsands and its peers could return to their blocks, with appropriate sanction and other approvals. Back with operational control, they could improve oilfield practice – reducing the impact on the environment – while also producing oil.
Europe’s New Sanctions on Russian Oil Kick In: What Changes?
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
Russian upstream investments set to plunge by $15 billion as sanctions bite, says Rystad
The financial impact of Western sanctions and the wide scale exodus of foreign partners from the Russian oil and gas sector are beginning to materialise, with upstream investments set to sink to $35 billion in 2022, according to Rystad Energy research.
Novatek dodges bond default through shift to ruble payments
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
Russian supplies to fall 2mn bpd under sanctions
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Japan’s Mitsubishi primed to join new Sakhalin-2 LNG Russian operator
Japan’s Mitsubishi Corporation is set to issue a notice that it will join the new operating company for the Sakhalin-2 LNG export complex in the Russian Far East, reported Nikkei Asia.
Aker suggests Lukoil exit to resolve Ghana’s Pecan pickle
Aker Energy has six weeks to submit a plan of development for its Pecan project, offshore Ghana, while facing challenges over Russian Lukoil's involvement.
US sanctions Liberian officials over high-ranking corruption
The US has imposed sanctions on three high ranking Liberian officials, including the managing director of the National Ports Authority (NPA).
Russia steps up energy wars with gas cuts to Europe’s top buyers
Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up prices.
Prices are heading higher, Fitch warns on strong demand, Russia squeeze
Fitch Ratings has increased its oil and gas price forecast, indicating increased pressure on the European market driven by strong demand.
Biden sees no quick fix on gas costs, weighs Russian crude price cap
The US has no immediate way to slash the price Americans are paying for gasoline, and is considering other proposals such as trying to set a lower price for sale of Russian crude, President Joe Biden said.
EU leaders back push to ban most Russia oil over Putin’s war
European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine.
China in talks with Russia to buy oil for strategic reserves
China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in Ukraine.
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.
Japan’s Kishida says phasing out Russian oil to take time
Prime Minister Fumio Kishida said it would take time to phase out imports of Russian oil, hours after he joined other Group of Seven leaders to impose a ban on crude over the Kremlin’s invasion of Ukraine.
India wants Russia to discount its oil to below $70 a barrel
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter.
Russia cut off from UK professional services
The UK Government has blocked access for Russia to Britain’s professional services exports.
EU plans ‘orderly’ Russian oil phase-out, targets Sberbank
The European Union plans to ban Russian crude oil over the next six months and refined fuels by the end of the year as part of a sixth round of sanctions to increase pressure on Vladimir Putin over his invasion of Ukraine.