Downstream

This post was originally published on this siteSummary Companies Energy shock to accelerate energy transition, CEO Opedal says Equinor to delay planned field maintenance to increase output Reducing EU’s dependence on Russian gas ‘difficult’ -CEO HOUSTON, March 10 (Reuters) – Norwegian state oil company Equinor (EQNR.OL) has stopped trading Russian oil as it winds down operations there […]

This post was originally published on this siteMarch 10 (Reuters) – Utility executives said on Thursday that their industry is facing higher costs in years to come to deal with the twin challenges of the transition to clean energy and protecting grids against worsening climate events. A lower-carbon emissions world will mean further electrification and

This post was originally published on this siteWASHINGTON, March 10 (Reuters) – President Joe Biden on Thursday rejected Republican accusations that he is holding back production of oil in the United States amid a ban on Russian oil imports that is helping drive up the cost of gasoline. In remarks to the winter meeting of

This post was originally published on this siteThe Ukraine crisis has underscored Europe’s energy dependence on Russia, which supplies about 40% of the natural gas used to heat its homes and generate electricity, and the Biden administration has vowed to help its allies break that chain. The White House was weighing the announcement of an

This post was originally published on this site White House efforts to boost U.S. LNG exports and cut Europe's reliance on Russian gas after the invasion of Ukraine are proceeding slowly, because of concerns about the impact on climate change.

This post was originally published on this site In February, the oil major quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 LNG plant and the Nord Stream 2 pipeline project.

This post was originally published on this siteMar 10, 2022 (Bloomberg) Brent crude rebounded after slumping the most in almost two years as the fallout from Russia’s invasion of Ukraine continues to rattle what one analyst called a “panic-stricken” market. Futures in London topped $117, while those in New York rose near $114 a barrel. Markets

This post was originally published on this siteMar 9, 2022 (Bloomberg) The House approved legislation barring U.S. imports of Russian oil as lawmakers of both parties demanded stronger punishment of Russia for its invasion of Ukraine. The 414-17 vote came after President Joe Biden on Tuesday implemented a ban on imports of Russian crude oil and

This post was originally published on this siteU.S. Energy Secretary Jennifer Granholm speaks alongside Canadian Minister of Natural Resources Jonathan Wilkinson and Qatari Energy Minister Saad Sherida al-Kaabi at the CERAWeek energy conference in Houston, Texas, U.S. March 9, 2022. REUTERS/Liz Hampton. Summary Supply needs to increase to meet demand – Granholm Industry has been

This post was originally published on this siteHOUSTON, March 9 (Reuters) – Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe’s natural gas market than its crude oil imports, due to the continent’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference