The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…
Britain will likely run a North Sea offshore oil and gas licensing round for existing discoveries this year, a spokesperson for the Oil and Gas Authority (OGA) said on Monday.The OGA, which is changing its name to the North Sea Transition Authority (NSTA)…
Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week.One of the largest and fastest-growing non-OPEC oil producers…
The U.S. House of Representatives is set to vote as soon as Tuesday on legislation seeking to ban the import of Russian energy products and suspend normal trade relations with Russia, a congressional aide told Reuters.The text of the proposal is expected later on Monday…
Exports of Malaysia's flagship Kimanis crude oil are set to fall to six cargoes in May, down two from April, due to maintenance at oilfields offshore Sabah, a preliminary loading schedule showed on Friday.Shell, the operator of the oilfields that produce Kimanis…
Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…
Norway will boost its natural gas output in the coming months, keeping production higher than normal through the summer and delivering bigger volumes to Europe at a time of shortages and soaring prices, Equinor EQNR.OL said on Wednesday.Russia's…
Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth…
Danish energy firm Ørsted said on Monday it was preparing for potential disruptions to its gas supplies from Russia's Gazprom, due to sanctions, and would give any profits from the contract to humanitarian aid in Ukraine.Ørsted, which is 50…
Norway's Equinor is ramping up production at its Snorre B platform in the North Sea after shutting it down earlier on Monday following an earthquake, the company told Reuters.'We started on this actually a couple of hours ago already, so we're…
Cornerstone investors Eni and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue troubled Italian energy service group Saipem, two sources said on Tuesday.Energy group Eni owns 30…
UK Prime Minister Boris Johnson hosted a meeting with leaders of the UK offshore oil and gas industry on Monday to discuss energy security and investment in the North Sea, his spokesman said.'We've been clear that the energy firms, these suppliers…
UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest…
Dutch FPSO leasing company SBM Offshore has divested a 45% stake in the under-construction FPSO Alexandre de Gusmão, bound to be deployed at Petrobras Mero field offshore Brazil'SBM Offshore is pleased to announce that it has entered into a…
Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia's invasion of Ukraine. The comment, from Russian deputy prime minister Alexander Novak…
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