Russia Says It Will Stop Selling Oil to Countries That Set Price Caps
Group of Seven (G7) finance ministers were due to meet virtually on Sept. 2 and were expected to firm up plans to impose a price cap on Russian oil purchases with the aim of reducing the revenues flowing to Moscow.
Zelenskiy Advisers Ask TotalEnergies to Reject Russia ‘Blood Money’ Dividend
In a Sept. 1 letter to TotalEnergies CEO Patrick Pouyanne, Zelenskiy advisers Oleg Ustenko and Mykhailo Podolyak said the French firm was due to receive a 440 million euro dividend from gas firm Novatek, in which it has a 19.4 % stake.
Norwegian Energy Group Equinor Completes Russia Exit
Equinor’s announcement marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies and Exxon Mobil.
Top Russian Oil Official Falls to Death from Hospital Window: Sources
In addition to Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil who fell to his death on Sept. 1, at least six other Russian businessmen, most with ties to the energy industry, have died suddenly in unclear circumstances in the past few months.
Gazprom Says it Will Halt Gas Supplies to France’s Engie
In a statement, Gazprom said Engie had not paid in full for July deliveries of gas. Europe is already on notice that Gazprom will shut off the Nord Stream 1 gas pipeline to Germany for maintenance.
Exxon Mobil Escalates Dispute with Russia over Barred Exit from Oil Project: Reuters
“Exiting is a complex process, and as the operator, we must protect the safety of employees, the environment, and the operation,” said Exxon Mobil’s spokesperson Casey Norton.
Russia Oil Output Exceeds Expectation, But Pressure Looms, IEA Chief Says
Nations that are members of the IEA could meanwhile release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires in November, added IEA chief Fatih Birol.
Zelenskiy Blames Russia as Europe Counts Cost of Gas Crisis
EU energy ministers will hold an emergency meeting on Sept. 9 to propose a cap on the price of gas used for electricity production.
TotalEnergies Sells Stake in Siberia Gas Field to Russia’s Novatek
The announcement came after days of controversy over Terneftegaz, which Le Monde newspaper said supplied condensate gas used in two Russian army bases. TotalEnergies said that the divestment had been planned before the controversy emerged.
Eastbound Yamal-Europe Pipeline Gas Flows Fall
Last week, Russia's Gazprom said it would halt natural gas supplies transport through the Nord Stream pipeline to Europe for three days at the end of the month, which is already only running at 20% capacity.