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Crude Oil
Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low
Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes …
Europe Looks for Alternatives to Russian Energy
As fighting raged across Ukraine over the weekend, western countries moved quickly to disrupt Russia’s links to the global economy.
Natural Gas
Italy Considers Increasing Natural Gas Supply from Algeria
The latest move by Italy comes as Western sanctions on Russia threaten to disrupt the gas flow.
Crude Oil
Canada Eyeing Russian Oligarch Holdings in its Oil-Rich West
Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on…
LNG
Italy Halts Funding for $21 Billion Arctic LNG 2 Project
Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy pro…
Wind Farm
Iberdrola Australia to Build 145MW Wind Project in New South Wales
Iberdrola Australia committed to construct the 145-megawatt (MW) Flyers Creek Wind Farm project near Orange in central-west New South Wales (NSW).
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.
Wind Farm
Global Wind Energy Council Launches Wind Industry’s COP27 Campaign at Egypt’s West Bakr Wind Farm.
The Global Wind Energy Council (‘GWEC’) today launched the wind industry’s journey to COP27 campaign at the new West Bakr wind farm in Egypt.
Nuclear Power Plant
Bechtel, Westinghouse, and GE Steam Power to Consider Nuclear Projects in Poland
US-based Bechtel and Westinghouse announced that they had signed a Memorandum of Understanding with GE Steam Power to explore opportunities in their joint pursu…
Wind Farm
Shell Buys into Australian Wind Farm Developer with $4 bln Project Portfolio
Global oil and gas major Shell Plc has agreed to buy a 49% stake in wind farm developer WestWind Energy's Australian arm as it looks to build a low-carbon power…
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.
Oil Price
Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban
A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as …
LNG
Shell to Exit Russia After Ukraine Invasion, Joining BP
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…
Oil & Gas Supply
Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …
Oil Price
West Still Reluctant to Target Russian Energy on Economy Fears
Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the fina…
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