The Ukraine conflict has shown that mutual economic interdependence does not necessarily prevent war, and that energy infrastructure such as the supply of natural gas to Europe can be weaponised. With the British Isles increasingly reliant on energy imports via subsea gas pipelines and interconnectors, how resilient is the UK if these were to play a part in the theatre of war?
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
“The platforms command valuable hydrocarbon resources. However, like Snake Island to the west, they can also be used as forward deployment bases, helicopter landing sites, and to position long-range missile systems,” the MoD said.
In my view the integrity of the energy system is actually an issue of national health and safety in that its disruption would cause chaos and create a major threat to life as indeed the awful events in Ukraine have shown us only too graphically.
DTEK, Ukraine’s largest private energy investor, has cut the ribbon on a new wind farm, less than 100 miles from the Russian front.
The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
A group of Western European nations led by Germany and France have committed to massively ramping up the production of clean energy from wind turbines in the North Sea, to both meet climate targets and reduce their strategic energy dependence on Russia.
The North Sea has been producing oil and gas for over 50 years.
Germany's defence minister voiced caution on Wednesday over media reports that a pro-Ukraine group was involved in blowing up the Nord Stream gas pipelines in the Baltic Sea last year.
The report went on to say the attack required experienced divers who may have received “specialised government training” at some point.
As the acute impact of the pandemic subsidies in many countries, organisations worldwide can still expect to encounter significant risks in 2023.
A senior figure in Ukraine’s energy industry delivered a rousing reflection to mark a year to the day since Russian forces launched a full-scale attack.
An energy entrepreneur says there are “definitely” more defence investors interested in the sector following Russia’s invasion of Ukraine, launched a year ago today.
As Norway predicts Russian spies will target its energy sector, the UK oil and gas trade body said it is continuing with "regular engagements" with the UK government on any threats on this side of the North Sea.
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.
As one of the world’s largest exporters of oil and gas, Russia’s inhuman invasion of Ukraine was always going to spark a chain reaction within the industry.
Without putting too fine a point on it 2022 has been a disaster for pretty much everyone who didn’t run a hedge fund, is a shareholder in an oil and gas or other energy company or works in a bank and is due a bonus.
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.
A senior figure in the Ukrainian Government has urged BP (LON: BP) to severe its relationship with Rosneft (MM: ROSN), or “risk complicity with Russia’s war crimes”.
A Stuxnet-like attack could “very easily happen again”, a cybersecurity expert has warned, as tensions grow following Russia’s continued war against Ukraine.
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
Activists at COP27 have accosted Patrick Pouyanné, CEO of TotalEnergies, to demand answers about “bloody money” from the company’s Russian operations.
Russia’s Ministry of Defence has claimed that the UK's navy was behind the attacks on the Nord Stream pipelines last month.