U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices…
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.Brent crude LCOc1 rose $4.82, or 4.9%, to $102…
Russian piped gas deliveries into Germany via Nord Stream 1 and Poland and into Slovakia via Ukraine remained stable, pipeline operator data showed on Thursday.Flows through the Nord Stream 1 pipeline which crosses the Baltic Sea to Germany were steady at around 73…
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.Under the coalition…
The America Bureau of Shipping (ABS), one of the world's largest ship classification societies, is withdrawing all class services involving Russian vessels, assets and companies, over the Russian invasion of Ukraine.'After careful consideration…
The UK on Thursday announced sanctions, including a full asset freeze and travel ban, against seven oligarchs including Russian oil company Rosneft's CEO Igor Sechin and Gazprom's CEO Alexey Miller, over the Russian invasion of Ukraine.The…
Norwegian oil and gas company Equinor said Monday it had decided to stop new investments into Russia and to start the process of exiting Equinor's Russian Joint Ventures.'We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world…
Shell has made good progress with the Tanzanian government in recent months to advance a liquefied natural gas (LNG) project to tap the East African country's huge gas resources, a Shell executive said on Monday.'We have seen some real quick…
Plexus Holdings, the AIM-quoted oil and gas engineering services firm that owns the proprietary POS-GRIP method of wellhead engineering, said Monday it would suspend its activities with Russian license partner Gusar due to the war in Ukraine…
Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
BP said on Sunday it plans to abandon its 19.75% stake in oil giant Rosneft in the wake of Russia's invasion of Ukraine, marking an abrupt and costly end to 30 at times fraught years operating in the oil-rich country.The British oil and gas giant did not say how it planned to exit its stake…
German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…
QatarEnergy on Wednesday signed a cooperation agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).'The agreement provides the framework for cooperation between…
President Isaac Herzog embarked on Wednesday on the first visit by an Israeli leader to Turkey since 2008 as the regional rivals seek to overcome years of animosity.Turkish President Tayyip Erdogan invited Herzog, whose post is largely ceremonial…
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal.The civil suit filed in the English courts in 2017 relates to the purchase by energy majors Shell RDSa…
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