Ukraine halts oil flows via Russia pipeline to Europe over payment issue
The suspension of oil flow has impacted Hungary, Slovakia, and the Czech Republic.
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Saipem looking to close contracts related to Russia’s Arctic LNG 2 project
The $21.3bn project is expected to have production capacity of almost 20Mtpa of liquefied natural gas.
Exxon in talks for stake transition in Russia’s Sakhalin-1 development
The Sakhalin-1 project’s production declined to 10,000 barrels per day following sanctions by Western nations on Russia.
Baker Hughes to offload Russian oilfield services business
The deal with the local management team comes months after the company announced its plans to halt investments in Russian…
Russia to further reduce gas supplies to Europe via Nord Stream pipeline
From 27 July, the Russian pipeline’s capacity will be reduced to 33 million cubic metres per day.
EU plans to increase gas imports from Nigeria to cut reliance on Russia
Nigeria is planning to reopen the Trans Niger pipeline to enable additional gas exports to Europe.
Germany to rescue gas importer Uniper with $15.3bn bailout
As part of the bailout deal, the federal government will purchase a 30% interest in Uniper.
Russia resumes gas supplies from Nord Stream 1 pipeline
Russia’s Nord Stream 1 pipeline is currently operating at pre-maintenance levels of 40%.