OMV Bets on More LNG from ADNOC, Q3 Profit Soars
"For us, it is important that we diversify the gas supply for Austria, and this is a building block," OMV CEO Alfred Stern said of the company's LNG deliveries to diversify its gas supplies.
Germany Inks FSRU Deal with Excelerate to Diversify Gas Supply
Although it relied on Russian gas imports for just above half of its gas supply prior to Putin’s military invasion in Ukraine, Germany is now pivoting heavily to FSRUs to diversify its supply.
World is In its 'First Truly Global Energy Crisis': IEA
"Unless we will have an extremely cold and long winter, unless there will be any surprises in terms of what we have seen - for example, [the] Nordstream pipeline explosion - Europe should go through this winter with some economic and social bruises," International Energy Agency executive director Fatih Birol said.
Russia Poised to Largely Skirt New G7 Oil Price Cap
Last month, G7 decided to cap Russian oil sales at an enforced low price by Dec. 5.
US Says Russia Oil Price Cap Will Not Be Aimed at OPEC
The comments could help ease a spat between the U.S. and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.
US Charges Russians for Shipping Military Equipment, Venezuelan Oil
The charges and sanctions come as Washington is seeking to expand sanctions on Russia and crack down on evasion to pressure the Kremlin to stop its invasion of Ukraine.
‘Powerful Explosions’ Behind Nord Stream Leaks, Danish Police Say
The Danish findings appeared to be similar to those of Swedish prosecutors, who said two other holes in the pipelines also seemed to have been caused by explosions and that the case was being investigated as an act of gross sabotage.
Biden, OPEC and the Truth About Consequences
U.S. President Joe Biden’s pledge to penalize Saudi Arabia for massive OPEC oil cuts puts the Biden administration in reactive mode as midterm elections loom.
Exxon Mobil Exits Russia Empty-Handed with Oil Project ‘Unilaterally Terminated’
Exxon Mobil has been trying to relinquish operation of Sakhalin-1 since March 1, when it announced it would abandon all of its more than $4 billion in assets, leaving open the possibility to sell Sakhalin-1.
Norway Police Say Russians Suspected of Surveillance of Classified Facilities Arrested
Norway has ramped up security in recent weeks following a number of drone sightings close to its oil and gas infrastructure and in response to the Sept. 26 leaks on the Nord Stream gas pipelines off the costs of Sweden and Denmark.