Shell under pressure as politicians urge firms to follow BP’s lead and ditch Kremlin-backed assets February 28, 2022 BEIS member Alexander Stafford has urged companies to follow BP's lead and sever ties with Kremlin-backed organisations.
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills September 1, 2022 Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills. Speaking on Sky News this morning during his tour to the United States, the chancellor accused Russia’s President Vladimir Putin of using energy “as a weapon”. This comes ahead of the conclusion of the Conservative leadership [...]
Putin stamps out foreign listings for Russian firms April 19, 2022 Russia is set to stamp out foreign listings for homegrown firms as Putin looks to close ranks in the wake of the invasion of Ukraine.
Europe’s LNG terminals near full-capacity amid deepening tensions between Russia and the West February 17, 2022 Most of Europe's liquefied natural gas terminals have been topped up to full capacity again, following an influx of supplies from the US.
Russia cosies up to Italy in the face of EU inertia January 27, 2022 Vladimir Putin met with Italian business executives via video link on Wednesday, as the UK and the US prepared to send in more troops to Eastern Europe yesterday. The Russian autocrat called Italy a “key partner” for Moscow, and vowed to be a reliable energy supplier. While the European Union has struggled to reconcile its [...]
Goldman Sachs and JP Morgan become first Wall Street giants to exit Russia March 11, 2022 Goldman Sachs and JP Morgan yesterday became the first Wall Street heavyweights to pull out of Russia, following its invasion of neighbouring Ukraine. With Goldman leading, it is expected that others will follow, as Russia is accused of war crimes. More than 330 firms have either exited or significantly cut back their operations in Russia [...]
Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.
EU brings in windfall tax but bloc divided over gas price caps October 1, 2022 The EU has confirmed it will impose a windfall tax on energy firms' profits, as the bloc grapples with a cost of living crisis crunch this winter.
Government amends windfall tax as energy body warns of supply shocks this winter July 6, 2022 The Government has made several amendments to the Energy Profits Levy, with industry bodies calling for further changes ahead of winter.
Total severs Russian oil supply contracts March 22, 2022 French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.