Oil

Oil & Gas Supply

Russia’s Gazprom Cuts off Gas Supply to Denmark’s ØRsted

The Danish company said Gazprom Export has halted the supply of gas after the Russian firm demanded payment in roubles, despite being under no obligation to do …

Oil Shale

ExxonMobil to Sell Shale Assets in Texas to BKV for $750M

The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.

OPEC

OPEC+ Working On Making up for Lower Russian Oil Output

OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanc…

United Kingdom

Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion

The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion thro…

Oil & Gas Supply

Gazprom Cuts Gas Supply to Orsted and Shell Energy

Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, c…

LNG

First Dutch Bio-LNG Installation Produces Millionths Kilogram

The Netherlands’ first bio-LNG plant has now achieved a production milestone of 1 million kg, enabling approximately 4 million km of sustainable transport with…

Denmark

Danish Offshore Wind Giant Rejects Demand for Payments in Roubles

Ørsted has said there is a risk that Gazprom Export will stop supplying gas to the company.

LNG

Nearly Six Million UK Homes ‘Could Be Hit by Power Cuts Due to Energy Shortage’

Experts have warned that energy-intensive industries will be the first to feel the pinch.

LNG

Europe’s Dash for Gas Puts Australia’s LNG Import Plans at Risk

Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the r…

Oil Price

Oil Prices Jump After EU Leaders Agree to Ban Most Russian Crude Imports

Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.

Energy Investment

Windfall Tax Threatens Oil and Gas Investment in North Sea, Says Shell

The energy giant has said the levy “creates uncertainty”

Denmark

Denmark Fully Prepared to Be Cut Off From Russian Gas

Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Mond…

OPEC

Iran’s Two-Month Petrochemical Export Revenues Surge 64% On Year

Iran’s revenues from petrochemical exports surged by 64% year on year to $2.45bn in the first two months of its fiscal year, official data showed on Sunday.

EU

EU’s Borrell Hopeful of Deal on Russian Oil Ban

European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, d…

LNG

Shell Greenlights $2.5 Bln Crux Gas Project off Australia

Shell Plc said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion.