Regions

Gas Security a Growing Worry Due to Russia's Export Dominance

Energy industry leaders said the burgeoning energy crisis is more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia.

Eni Suspends the Purchase of Oil from Russia

Italian energy group Eni has suspended the purchase of oil from Russia following its invasion of Ukraine and is watching developments closely with regards to gas procurement.

Perspective: Security for US and Europe Begins with New Energy Policy

It is high time that the U.S. forges a new energy policy, based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas.

Russian Gas Continues to Flow into Europe on Main Pipeline Routes

Russian gas delivered through pipelines continued to flow via Poland westward into Germany while flows into Slovakia via Ukraine remained at recent high levels.

TC Energy Offers 10% Stake in Coastal Gaslink Project to Indigenous Groups

TC Energy signed an option agreement to sell 10% stake in Coastal GasLink to Indigenous communities, in an attempt to give more authority to the groups who traditionally held the land for the pipeline project.

Chevron CEO Downplays Oil Shortage Worries, Says Supplies Are Available

Chevron CEO Michael Wirth downplayed worries over oil supplies saying although global crude oil inventories have been drawn down, oil supplies are not lacking.

Remorseful Shell Abandons Russian Oil

Shell stopped buying Russian crude and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the first major Western oil companies to abandon Russia entirely.

Enel Ready to Resume LNG Plan as Italy Steps Up Gas Hunt

Italy's biggest utility Enel is ready to dust off plans to build an LNG terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas.

Europe's Plan to Wean Itself Off Russian Gas

The European Union laid out plans to cut its reliance on Russian gas by two-thirds this year and end it "well before 2030", in a bid to wrest countries free from depending on Moscow for energy.

Biden Bans Russia Oil Imports to US, Warns Gasoline Prices Will Rise Further

U.S. President Joe Biden has banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.

Germany's Uniper to Record Full Impairment Loss on Nord Stream 2 Loan

Berlin has halted the Nord Stream 2 Baltic Sea pipeline project, which would have doubled Russian gas flows to Germany, following Russia's invasion of Ukraine, which Moscow calls a "special operation".

Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant

U.S. LNG exporter Venture Global LNG said that oil and gas major Shell has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.

Hess CEO: Petroleum Reserve Releases Should Double, Quadruple to Aid Markets

Energy consuming nations should release more crude oil from their strategic reserves to bring down the skyrocketing price of petroleum products, the CEO John Hess said.

Texas Railroad Commission Implements Operator-led Plan to Reduce West Texas Earthquakes

In the Western Permian Basin, the Railroad Commission began implementation last week of a first of its kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe.

United Steelworkers Union Calls on Oil Companies to End Russian Crude Imports

United Steelworkers International President Tom Conway said the union called on their government and employers to cut off all Russian imports of crude oil that would be processed in our domestic refineries.

Cheniere Signs EPC Contract for Corpus Christi Stage III Project

The Corpus Christi Stage III Project will consist of up to seven midscale trains, each with an expected liquefaction capacity of approximately 1.49 MTPA with a total production capacity of more than 10 MTPA.

US Prepared to Move Alone in Banning Russian Oil Imports

The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, after Russia's invasion of Ukraine.

Gas Pipeline in Eastern Ukraine Damaged by Russian Fighting, Local Governor Says

Ukrainian engineers scrambled to repair a gas pipeline damaged by Russian forces, halting supplies to parts of southeastern Ukraine, the Donetsk region governor Pavlo Kyrylenko said.

Japan to Release 7.5 MMbbl of Oil Reserves in IEA-led Global Action

The volume makes up 12.5% of a planned coordinated release of 60 MMbbl of oil reserves that the U.S. and other members of the IEA agreed to compensate for supply disruptions following Russia's invasion of Ukraine.

Exxon Sues US Over Taxes Related to Gas Project in Qatar

Exxon Mobil Corp. filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing in U.S. district court in Dallas.

Nord Stream 1 Says Gas Supplies to Europe Via Pipeline Continue

The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said that transportation of natural gas to Europe was continuing normally.

Cowboy Midstream Plans New Crude Offload Terminal

Construction activities are underway, and Cowboy expects the new terminal to be ready for crude oil receipt and transportation April 2022.

Europe Must Urgently Cut Dependence on Russian Gas, Portugal Says

Europe must urgently diversify its natural gas supply sources to reduce its dependence on Russia, Portugal's energy secretary of state said, pointing to alternatives such as the U.S. and Qatar.

German Chancellor: It was the Right Time to Halt Nord Stream 2

The halt of the Nord Stream 2 gas pipeline, which was supposed to bring additional gas from Russia to Germany, came at exactly the right time, German Chancellor Olaf Scholz said.

US Natgas Futures Ease with Drop in Global Oil, Gas Prices

The U.S. market continued its three-day streak of following sharp moves in European gas and global oil prices with the Russia-Ukraine conflict stoking energy supply concerns.

US Senators to Grill Regulators over Climate Policy on Natural Gas Projects

Top U.S. senators will grill Democratic energy regulators who approved guidelines for new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

South Africa's Gigajoule to Import First LNG Cargo at New Mozambique Terminal by Mid-2025

The LNG terminal is expected to receive its first shipments of gas to a permanently moored floating storage and regasification unit in Matola harbor by mid-2025.

Russian Gas Flows Via Yamal Pipeline to Germany Halt, Bids Remain

Russian gas accounts for some 40% of European gas demand, while the Yamal-Europe pipeline usually accounts for about 15% of Russia's westbound supply of gas to Europe and Turkey.

TotalEnergies Could Lose S.Africa License If No Output Plan by Sept

TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September.

Wintershall Dea Stops Payments to Russia, Writes Off $1.1 Billion Nord Stream 2 Loan

Wintershall Dea will stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in the Nord Stream 2 gas pipeline, which was suspended last week.