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Nord Stream 2
ExxonMobil Joins Western Oil and Gas Company Exodus From Russia
US supermajor to start process of discontinuing operations at the Sakhalin-1 project in response to Russia's invasion of Ukraine.
Nord Stream 2
Shell Cuts Business Ties with Gazprom, Abandons Nord Stream 2
Shell has announced its intention to exit its joint ventures with Gazprom and related entities to cut its ties with Russia over the war with Ukraine.
Nord Stream 2
Nord Stream 2 Owner Considers Insolvency After Pipeline Halt and Sanctions
The Swiss-based company that built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, sources said, as it tries to se…
Wind Turbine
Satellite Outage Knocks out Thousands of Enercon’s Wind Turbines
Remote control of 5,800 wind turbines knocked out. Enercon says disruption coincided with Russian invasion. Says working with providers to resolve problem.Germa…
Energy Investment
The Strategic Importance of Ukraine’s Energy Infrastructure
Enlit Europe spoke to Christopher de Vere Walker, Director of SEEPX Energy, geospatial data and infrastructural risk specialists with a focus on Russia, Ukrain…
Crude Oil
Russian Banks' Exclusion from SWIFT to Hurt Indian Oil Companies
Sanctions and exclusion of Russian lenders from the SWIFT system, the most important international payment network, will hurt Indian state-run firms' abilit…
Natural Gas
World Bank: There Will Be Alternatives to Russian Gas in Five Years
World Bank President David Malpass: There will be alternatives to Russian natural gas supply in the five-year horizon.
LNG
Germany Targets 100% Renewable Power Generation by 2035
Germany will target to have all its electricity provided by renewable energy sources by 2035.
Oil Price
Russia’s SWIFT Ban Could Send Shockwaves Through Oil and Commodity Markets
Russia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying key Russian bank…
Crude Oil
Can the U.S. Replace Russian Oil Imports?
Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.
Nuclear Power Plant
UN Watchdog Concerned over Ukraine Nuclear Power Plant
The UN atomic energy watchdog's chief on Monday expressed "grave concern" that invading Russian troops were operating close to the largest nuclear power station…
Oil & Gas Supply
Carve-out in U.S. Sanctions will Still let Russia Profit from Oil, Gas
There is a glaring carve-out in President Joe Biden’s sanctions against Russia: Oil and natural gas from that country will continue to flow freely to the rest …
OPEC
Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia
Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the blo…
Energy Investment
Norway’s Equinor will End Investments in Russia, Exit Joint Ventures
Norway’s Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia’s invasion of Ukra…
Oil Price
Can African Oil Producers Take Advantage of Increasing Oil Prices?
Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, A…
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