STATS Group eyes international growth after ‘excellent’ 2021
Pipeline specialist STATS Group plans to boost its international footprint following an “excellent” 2021.
Ukraine
Oil extends gains as investors weigh Russian ban, China outlook
Oil advanced for a third day, bookending another tumultuous week of trading as investors weigh the prospect of a European Union ban on Russian crude imports and uncertainty over China’s virus resurgence.
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.
Ukraine turns off Europe-bound gas from Russia
Ukraine has cited "force majeure" to potentially halt a third of Russian transited gas flows to Europe from Wednesday, while Russia’s Gazprom claims there have been no issues that would justify the move.
Sorry, but for you, oil trades at $250 a barrel
If you are the owner of an oil refinery, then crude is trading happily just a little above $110 a barrel — expensive, but not extortionate. If you aren’t an oil baron, I have bad news: it’s as if oil is trading somewhere between $150 and $275 a barrel.
Ukraine energy leader to address major North Sea conference
A leader from the Ukraine energy sector will deliver an address at a major North Sea industry conference in Aberdeen this month.
Oil swings as traders weigh up G-7 crude ban, Saudi price cuts
Oil fluctuated as investors weighed a pledge by the Group of Seven to ban imports of Russian crude against a cut in official prices by Saudi Arabia and the impact of China’s energy-sapping lockdowns.
Industry survey spotlights growing friction between energy security, affordability and sustainability
The results of a major survey showcasing the attitudes of energy industry leaders from across the globe have been released.
Shell weathers ‘volatile times’ to post record profits despite Russia blow
Shell (LON: SHEL) reported its best ever quarterly results on Thursday despite suffering a hefty blow over its exit from activities in Russia.
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.
Japan weighs financial support to boost U.S. LNG exports
Japan will consider providing financial support to boost production of liquefied natural gas (LNG) in the U.S., reported financial publication Nikkei Asia, as Tokyo aims to lower its energy dependence on Russia following Moscow's invasion of Ukraine.
Russia cut off from UK professional services
The UK Government has blocked access for Russia to Britain’s professional services exports.
Equinor suffers $1.08bn impairment on Russia exit
Equinor is to increase its share buybacks after posting “strong financial results” for the first quarterof 2022.
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.
An obscure (and underestimated) oil city at the heart of the old Soviet industry…
A ministerial visit that’s long stuck in my mind was to a city called Khanty-Mansiysk far to the north in Siberia. You haven’t heard of it? Well, join a very large club to which I belonged before going there.
UK PM Johnson to meet oil and gas firms on North Sea’s future
UK Prime Minister Boris Johnson will meet with key oil and gas producers to discuss the industry’s role in shoring up the country’s supplies, following up on a new energy security strategy announced by the government earlier this month.
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.
UK Government expects to stop importing Russian gas by end of year
The UK Government expects Britain can stop importing Russian natural gas before the end of the year, sooner than expected, a person familiar with the matter said.
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.
NGO claims almost 2 million barrels of Russian oil imported to UK since Ukraine invasion
Almost two million barrels of Russian oil has landed in the UK since the invasion of Ukraine, Greenpeace has claimed.
Higher prices ‘undoubtedly’ encourage investment as North Sea eyes up to 20 billion more barrels
Energy Voice talks to Jason Fox, Managing Partner, London, and Alastair Young, Partner, at Bracewell (UK) LLP on the future of North Sea investment as Brent crude oil remains at around $100.
McKinsey has oil demand peaking by 2027 at the latest
Demand for oil is projected to peak in the next five years, driven largely by an increase in the uptake of electric vehicles.
Wood on track to complete Russia retreat by end of 2022
Energy services giant Wood is on course to complete its exit from Russia by the end of the year.
Ukraine accuses Shell of ‘accounting trick’ to keep buying oil from Russia
The Ukrainian government criticised Shell for setting rules that allow the company to buy oil products partly sourced from Russia.
China’s interest in Shell’s Russian gas stake adds impetus for Japan to stay
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas (LNG) export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC.