Russia

A presidential decree extends ExxonMobil’s chance to possibly recoup part of the $4.6 billion loss it suffered after exiting its flagship Russian asset in spring 2022.

The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.

With inventories swelling and China’s stockpiling nearing its limit, global oil prices may be running out of room to hide.

Satellite data show nearly 45,000 methane plumes worldwide in the first quarter, triple the number from a year earlier.

As LNG projects sanctioned earlier this decade come onstream, a shortage of new final and pre-final investment decisions threatens to leave the project pipelines dry at a time when global LNG demand is forecast to surge over the next 15 years.

The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.

With negotiations dead on arrival with Russian independent major Lukoil, Iraq is asking Gazprom to take over development of the Nasiriyah oil field south of Baghdad.

The recapture of the "Boyko Towers" takes Kyiv "many steps closer to regaining Crimea," the Ukrainian intelligence service said.

OMV’s discovery of a domestic gas resource coincides with its agreement to import LNG from BP to be regasified in Rotterdam, as Austria knits together a strategy to ensure its energy security.

The US accounted for 75% of global growth in LNG liquefaction capacity last year as Europe’s worldwide imports jumped 66%, according to the International Gas Union.