Russia

The Russian president has signed a decree that appears to nationalize the Sakhalin-2 offshore oil and gas production-sharing agreement and related LNG facilities to squeeze out its foreign partners.

A longer-than-expected repair period following the 8 June explosion could strand 2 Bcf/D of natural gas in the US.

About 90 tonnes of methane an hour were released from the Raspadskaya coal mine in January, data from the GHGSat global satellite shows.

The 23-country group is seeking to end its historic supply cuts a month early as oil prices march upwards.

By turning its back on Russian oil and gas, will Europe speed up or slow down its energy transition, and what will be the impact on global climate change?

The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies.

The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.

The exit comes after Equinor's presence of more than 30 years with the transfer of its interests in joint ventures to Rosneft and its stake in the Kharyaga PSA to operator Zarubezhneftegaz.

Finland will operate the FSRU jointly with Estonia as part of an emerging LNG hub in the Baltic Sea region.

Tanker transit statistics via the Suez Canal broke historic records in April as Europe sought to import more crude oil and LNG from the Arab Gulf to replace traditional supplies from Russia.