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.
sanctions
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.
Legal implications of the Russian invasion of Ukraine for the oil and gas sector
Before any discussion of how the invasion of Ukraine by Russia is impacting our sector, we must first acknowledge the devastating effects on the people of Ukraine of the indiscriminate shelling of civilian targets, the war crimes being perpetrated by Russian troops and the massive displacement of the population both within and beyond Ukraine, which is something most of us have never seen in Europe in our lifetimes, as well as the enormous courage and resilience of the Ukrainian nation.
CNOOC denies plans for $3 billion UK North Sea exit
CNOOC has brushed aside recent media reports that the firm is considering withdrawing from oilfield investments in the UK North Sea, the US and Canada.
Eni prepares to open ruble accounts for gas as EU warns firms
Italian energy giant Eni is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter.
ExxonMobil declares force majeure on Russian operations at Sakhalin
ExxonMobil said Wednesday that it has declared force majeure for its Sakhalin-1 operations in Far East Russia after it became too difficult to ship crude oil due to sanctions, reported Reuters.
TotalEnergies starts pullback from Russia with $4bn charge
TotalEnergies took a $4.1 billion write-down on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.
China oil giant Cnooc jumps as much as 44% in mainland debut
Cnooc Ltd jumped as much as 44% in its first day of trading in Shanghai as mainland investors leaped at the chance for exposure to soaring oil and gas prices.
Biden tells Modi: importing more Russian oil not in India’s interest
US president Joe Biden has told Indian Prime Minister Narendra Modi that increasing oil imports from Russia is not in India’s interest.
China gas buyers seek cheap Russian fuel shunned by the world
China’s top liquefied natural gas (LNG) importers are cautiously looking to purchase additional Russian shipments that have been shunned by the market in a bid to take advantage of cheap prices.
About 650,000 barrels per day of Russian oil to be ‘swapped’ says Woodmac
About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie. Significantly, Russia’s key market China not shoring up large volumes yet.
Aberdeen heating firm cuts ties with Gazprom
The company behind the low-cost district heating scheme in Aberdeen is to terminate its contract with Russian state-owned Gazprom.
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.
ScotWind: Assurances sought over Russian sanctions
Crown Estate Scotland is seeking “formal assurances” that winners in the ScotWind auction adhere to sanctions being imposed on Russia.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.
Oil hovers around $100 after West holds off on energy sanctions
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.
‘Business as usual’ as Russian state-owned tanker visits Shetland
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.
BP and other North Sea players keeping tabs on UK sanctions against Russia
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
US sanctions Isabel dos Santos, ex-head of Sonangol
The US has announced sanctions on a number of Angolan officials, including Isabel dos Santos, the former head of Sonangol and daughter of former president José Eduardo dos Santos.
OGA frustrated by oil firms ‘mucking around’ in disputes amid climate crisis
The chief executive of the OGA has said he is frustrated by companies “mucking around in commercial disputes” while a climate emergency is ongoing.
US sanctions Omani businessman for Iranian oil smuggling
The US government has sanctioned an Omani businessman for his participation in oil smuggling for Iran, with the proceeds going to destabilise the region.
OGA opens third sanctions investigation against North Sea companies of 2021
The Oil and Gas Authority (OGA) has launched its third sanctions investigation on North Sea companies of this year.