Investors suing Russia say Kremlin will use law firm’s exit to delay $57bn Yukos Oil proceedings April 3, 2022 Investors suing the Russian state have raised concerns their case will be delayed after the New York City law firm acting on behalf of Russia exited the country and cut its ties with the Kremlin. A consortium of investors said they fear Russia will use delays to avoid paying a $57bn (£43bn) claim, by arguing [...]
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
Oil remains well above $90 per barrel amid looming prospect of war in Ukraine February 21, 2022 Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.
Woodside hands out £1.79bn to shareholders after five-fold rise in profits August 30, 2022 Woodside has handed out over $2bn to shareholders following a five-fold increase in profits for the first six months of trading this year.
Ukraine will seek compensation for environmental damage caused by Russia’s invasion, Kyiv says May 22, 2022 The Ukrainian government will seek compensation from Russia for the environmental destruction it has caused through its invasion of Ukraine, the country’s environment minister has said. Ukraine will pursue Russia through international courts in its efforts to claim compensation for the huge damage to Ukraine’s environment caused by missile strikes on oil refineries and fighting [...]
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
Europe to stave off blackouts this winter if it avoids more “surprises” October 25, 2022 Europe should avoid blackouts this winter unless they are more "surprises", predicts the International Energy Agency.
Europe faces winters of discontent without gas price cuts, warns Belgium August 29, 2022 The EU could suffer a decade of painful winters if nothing is done to reduce natural gas prices, warned Belgium's energy minister.
Japan demands companies top up LNG to stave off supply shortages April 11, 2022 Japan has demanded domestic power companies top up liquefied natural gas (LNG) reserves and share energy resources.
UK Government seizes Russian-owned £38m super yacht in Canary Wharf March 29, 2022 The UK seized a £38m Russian-owned super yacht in Canary Wharf, transport secretary Grant Shapps said today. Officers from the National Crime Agency issued a detention order after they uncovered the owner’s identity despite it being “deliberately well hidden.” Named Phi, the vessel was built in the Netherlands and carried a Maltese flag while the [...]