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NorthAmOil: US bans imports of Russian oil and gas
US President Joe Biden announced on March 8 that his country was banning imports of Russian oil and gas, as well as coal.
Ukraine’s gas pipelines and storage tanks are safe for now, but not for long
The price of gas on the Dutch TTH spot market soared to a new all-time high of over $3,000 per thousand cubic metres on March 7 as energy traders fear Ukraine's gas pipelines and storage tanks are in danger from the war.
GLNG: Venture Global expands supply partnership with Shell
Venture Global LNG announced on March 7 that it had struck a new long-term sales and purchase agreement with Shell for offtake from its proposed Plaquemines liquefaction terminal on Louisiana’s Gulf Coast.
MEOG: Iran talks up oil investment
LatAmOil: Tradener makes Brazil’s first private deal for Bolivian gas
Tradener has become the first privately owned Brazilian firm to buy natural gas directly from Bolivia, without the national oil company Petrobras acting as an intermediary.
AfrOil: Libyan oil production sinks by 330,000 bpd
Libya’s oil production has reportedly sunk by about 330,000 barrels per day following the shutdown of two major sites: Sharara, the country’s biggest oilfield, and El Feel.
Brazil’s Tradener signs first direct gas supply agreement with Bolivia
Tradener is set to become the first privately owned Brazilian firm to buy natural gas directly from Bolivia, without the national oil company Petrobras acting as an agent or intermediary.
Commodity prices spike across the board on the outbreak of war in Ukraine
Commodity prices across the board spiked, with many of them setting new all-time highs as the war in Ukraine goes into its second week, with no sign of ending soon.
Libyan oil production sinks by 330,000 bpd as Sanalla blames ‘gangs’ for shutdown
Libya’s oil production has reportedly sunk by about 330,000 barrels per day (bpd) as a result of the shutdown of two major oilfields.
AfrElec: Europe eyes South Africa as coal supplier following Russia sanctions
European buyers of coal are beginning to turn to other global suppliers, looking as far as South Africa, in the wake of Russia’s invasion of Ukraine.
MENA countries’ stances vary as Russia-Ukraine war escalates
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.
“A night that could have stopped the history of Ukraine,” Zelenskiy warns after Russia attacks Europe's largest nuclear power plant
An overnight attack by Russian forces on Europe’s largest nuclear power plant caused fear of a massive nuclear catastrophe greater than Chernobyl, announced Ukrainian President Volodymyr Zelenskiy.
IEASA authorised to build pipeline for Vaca Muerta gas
Argentina’s government has authorised Integración Energética SA (IEASA), a state-owned oil, gas and power company, to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
ENERGO: Polish utilities gain on Warsaw Stock Exchange as investors weigh impact of war in Ukraine
REM: US offshore wind auction nets a record-breaking $4.37bn
The US Treasury has netted an unexpectedly high $4.37bn in the Biden administration’s first offshore wind lease, off the coasts of New York and New Jersey.
EurOil: Nord Stream 2 becomes insolvent
DMEA: Asset sales and petchem plans
Gazprom shares collapse by 97% in London, market cap falls to just $250mn
The market capitalisation of Russia’s national gas giant Gazprom saw an unprecedented collapse on March 2 to a mere $250mn at the London Stock Exchange, following a single-day drop in its stock price of 97%.
AfrElec: Deputy minister says Ghana must take cautious approach to energy transition
Ghana’s Deputy Energy Minister Andrew Egyapa Mercer said on March 1 that Accra should not adopt decarbonisation policies that are so strict that they limit options for the development of hydrocarbons.
AsianOil: JERA to pursue LNG-to-power in Vietnam
Japan’s JERA announced on March 1 that it had kicked off full-scale operations in Vietnam. The company intends to pursue LNG-to-power projects through its new Vietnamese unit.
NorthAmOil: IEA members to release 60mn barrels amid Ukraine conflict
International Energy Agency members led by the US agreed on March 1 to a co-ordinated release of crude oil from emergency stockpiles.
GLNG: Shell, PipeChina sign terminal use agreement
Subsidiaries of Shell and China Oil & Gas Pipeline Network – known as PipeChina – have signed a memorandum of co-operation (MoC) and two terminal use agreements.
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