UK court grants injunction against Russian pipeline firm in $14bn lawsuit December 7, 2023 Russian state-owned oil pipeline company Transneft has had its ability to move funds restricted after a UK court granted an injunction against the firm as part of a $14bn lawsuit.
Swap flights for trains and no driving on Sundays to cut down energy bills suggests IEA April 22, 2022 The IEA is calling for measures to reduce energy consumption, such as swapping short haul flights for trains and not driving on Sundays.
Siemens refutes Gazprom claims for Nord Stream pipeline shutdown September 6, 2022 Gazprom's claims that the Nord Stream 1 pipeline is down due to faulty equipment were called into question by Siemens Energy.
Oil prices plunge below $100 per barrel as supply concerns ease March 15, 2022 Oil prices tumbled below $100 for the first time in three weeks with both benchmarks weighed down by multiple geopolitical headwinds.
Energy sanctions on Russia could leave Europe exposed warn analysts March 8, 2022 Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctions on the country.
OPEC+ forecasts oil surplus as high prices and lockdowns bite into demand expectations May 4, 2022 OPEC+ anticipates oil supply to exceed demand later this year by nearly two million barrels per day amid reduced growth expectations.
Housebuilders goose London indexes after dodging £4bn cladding bill April 4, 2022 Reports of the UK government footing most of the bill for fixing the cladding scandal strengthened sentiment toward London-listed housebuilders today. The capital’s premier FTSE 100 index added 0.28 per cent to reach 7,558.92 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.53 [...]
ExxonMobil suspends Russian LNG project April 4, 2022 ExxonMobil (Exxon) has suspended its Far East liquefied natural gas project (LNG) in Russia - putting the development into doubt.
Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms March 22, 2022 Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]
Government confirms Russia can still send oil and gas to the UK despite port sanctions March 2, 2022 The government confirms Russia can still send oil and gas to the UK, despite a ban on the country's ships docking at British ports.