Russia & CIS
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.
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".
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.
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.
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.
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.
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.
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.
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.
Sanctions on Russian Energy 'On the Table' - But Not Just Yet, US Says
The United States is open to imposing sanctions on Russia's oil and gas industry but going after its exports now could help Moscow, the White House said.
Exxon to Exit Russia, Leaving $4 Billion in Assets
The decision will see Exxon pull out of managing large oil and gas production facilities in Russia's Far East and puts the fate of a proposed multibillion-dollar LNG facility there in doubt.
Nord Stream 2 AG Says Its Mobile, Fixed Network Lines Not Reachable, Shuts Website
The operator of the Russian Nord Stream 2 gas pipeline said its mobile and fixed network lines were not reachable for the time being and it had shut down its website amid hacking attacks.
Italy's Eni to Sell Stake in Blue Stream Pipeline Co-owned with Gazprom
Italian energy group Eni said it planned to sell its stake in the Blue Stream pipeline carrying Russian gas to Turkey that it co-owns with Russia's Gazprom.
Nord Stream 2 Owner Considers Insolvency After Pipeline Halt, Sanctions
The Swiss-based company is considering filing for insolvency as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
Ukraine’s Oil and Gas Industry Supplies Only a Small Part of the Country’s Needs
Two major pipeline systems carry Russian gas through Ukraine to Western Europe. The Bratstvo pipeline crosses from Ukraine to Slovakia and the Soyuz pipeline links Russia’s pipelines to natural gas networks in central Asia.
Shell to End Involvement with Nord Stream 2 Following Ukraine Invasion
Shell will also end its relationship with the flagship Sakhalin 2 LNG plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas giant Gazprom.
Germany Winding Down Sanctions-Busting Pipeline Foundation
The commercial arm of the foundation was run by an individual appointed by Nord Stream 2 AG, whose identity is not known, and its operations were and remain a secret, despite being housed within a public foundation.
BP Dumping Stake in Russia's Rosneft in Up to $25 Billion Hit
BP is abandoning its stake in Russian oil giant Rosneft, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine.
Ukraine: Russian Troops Blow Up Gas Pipeline in Kharkiv
Ukraine said Russian troops have blown up a natural gas pipeline in the Ukrainian city of Kharkiv, but Gazprom says flows to Europe are unaffected.
Yamal-Europe Gas Pipeline Reverses After Some Westbound Flows
Russia's Yamal-Europe gas pipeline switched back into reverse mode on Sunday morning, resuming supplies from Germany to Poland after short intermittent westbound flows overnight, data from German network operator Gascade showed.
US Slaps Sanctions on Company Building Nord Stream 2
President Joe Biden said on Wednesday the United States would impose sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.
Qatar: 'Almost Impossible' to Quickly Replace Russian Gas Supplies
Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with LNG in the event of disruption due to a conflict between Russia and Ukraine, Qatar's energy minister said on Tuesday.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
