Brazil anticipates 10% oil production riseBy
Japanese refiners to stop Russian crude purchases over Ukraine invasion
Italy considers two floating LNG plants to reduce reliance on Russian gas
Russia exodus shows the level of scrutiny Big Oil is now under
“I’m not planning to die”: Ukraine’s besieged tech workers and the response from their colleagues around the worldBy
The enduring threat to the Arctic from Big Oil
Norway and Russia are pushing for new oil and gas operations in the Arctic, despite operating fields being enough…By
US DOE confirms release of 30 million barrels of crude oil
As nations’ bans on Russian oil imports pushes market prices higher, the use of emergency reserves becomes increasingly necessary.By
Germany considers plan to link hydrogen pipeline with Norway
The proposed project is in response to Russia’s threat that it may shutter its main Nord Stream gas pipeline…
Norway will increase gas supply to meet European demands
The nation is looking to boost supplies to offset rising prices, as sanctions against Russian energy commodities come into…By
India close to buying discounted oil from Russia
The White House says India’s move to buy Russian oil does not amount to violation of US sanctions.
Ukraine crisis threatens oil demand and investment, OPEC states
Although 2022 began on a relatively solid underlying footing, the turmoil in Eastern Europe may disturb the recovery, stated…
War in Ukraine: where will Europe get its oil and gas now?
After the EU, US, and UK announced plans to phase Russian oil and gas down and out, the question…By
Equinor ceases trading in Russian oil and oil products
The Norwegian energy major will not sign any new trades, or engage in oil and oil products transport from…
Italy seeks more gas from Angola and the Congo to cut dependence on Russia
Italy imports over 90% of its gas from Russia, which is facing Western sanctions following its invasion of Ukraine.
Canada looks to boost oil exports to tackle energy crisis
The nation’s energy export infrastructure is reportedly at or near capacity, though talks as to whether this could be…By
Worley to withdraw from Russia over Ukraine invasion
The company, which will also not sign new contracts with Russian firms, said exposure from this withdrawal is not…
Ukraine-Russia conflict could impact Vietnam oil drilling
PetroVietnam has cautioned that the disruptions to international trade caused by Russia’s invasion of Ukraine could impact its operations.By
Eni suspends Russia oil purchase over Ukraine invasion
Eni, which has already suspended its JVs with Russia’s Rosneft, has take-or-pay gas contracts with Russian energy firm Gazprom.
China considers stake acquisitions in Russian energy firms
China is in negotiations with firms including China National Petroleum, and China Petrochemical.
US oil industry told to boost supply as energy prices skyrocket
The US domestic oil industry is under pressure to ramp up production as the Biden administration’s ban on Russian…By
European Commission outlines plan to slash dependence on Russian gas
As per the plan, EU members will aim to reduce Russian gas imports by two thirds before the end…
US bans imports of Russian oil and crude prices soar higher
Brent crude prices surged by 1.7% to reach $130.15 per barrel over concerns of tighter supply.
Shell issues apology, says it will halt Russian oil and gas purchases
The energy major received intense criticism last week for its decision to maintain oil and gas imports from Russia.By
Australia’s Viva Energy ceases Russian crude oil purchases
The Australian refiner is due to receive two Russian-origin crude cargoes, which were purchased prior to the conflict.
Russia warns oil prices could hit $300 per barrel if US and EU impose ban
The transcontinental country could also consider natural gas supplies cut to Germany by closing the Nord Stream 1 pipeline.