CEO of RWE confident in independence from Russian gas in 2025
Germany will gain independence from Russian gas by spring 2025, notes German energy giant.
EnergyWatch
A part of Watch Media
Germany will gain independence from Russian gas by spring 2025, notes German energy giant.
The US is heading into the peak season for driving, which traditionally kicks off around Memorial Day at the end of May.
The German company has opted to divest shares in the efforts to strengthen its positions in gas and carbon management.
Gazprom will cease gas supplies to Finnish utility Gasum by Saturday morning.
International sanctions tighten the noose on Russian exports, but oil from the country has found its way to markets in the Middle East and Asia by way of Greece, reports Reuters.
Crisis-ridden offshore carrier Dof, which is negotiating a restructuring plan, books a profit for the year’s first quarter. But the financial situation is still unsustainable, states Dof.
Maersk Decom, established by Maersk Supply Service and Maersk Drilling in an attempt to benefit from a large market for decommissioning assets within the oil industry, shuts down. Chief executive left several months ago.
The price increases occurred Thursday afternoon and evening before sliding back down in the early hours of Friday on rumors that China plans to rebuild its strategic crude oil inventories using cheap Russian oil.
A new agreement between Chevron and Venezuela’s national oil producer could add pressure to the oil prices, according to analysts.
”There are too few investments in oil and gas, and there are too few investments in renewables,” says Eirik Wærness.
News of a gradual reopening in Shanghai, which is the largest city in China with a population of 24 million, sends oil prices up.
After a meeting of EU foreign ministers, there is still disagreement on additional sanctions against Russia.
At TotalEnergies’ drilling rigs, drones will help track, quantify and reduce emissions of methane gas by means of new technology.
The oil market dips Monday morning.
In the fall, TotalEnergies postponed investment decisions on Valdemar Bo Syd and Halfdan Nord projects by several years. In light of the war in Ukraine, however, the oil giant is once again looking into expediting the plans.
The world’s most valuable company, Saudi Aramco, saw earnings rise by more than 80% in the first three months of the year compared to Q1 2021.
Infrastructure investor Infranode has become part owner of the Klemetsrud carbon capture project in Norway. Now the company is setting its sights on Danish CCS projects, while the project team collaborates with Danish waste management companies.
Rig company Maersk Drilling is in the process of settling the final details with US-based Noble prior to their merger. CEO Jørn Madsen tells sister media ShippingWatch about the work still to be done.
The Norwegian oil outfit promotes Euan Shirlaw from Chief Financial Officer to Chief Executive Officer with immediate effect.
Oil declines on increasingly rising interest rates, the strongest dollar in over two decades and fear of recession. The latter is particularly due to continued lockdowns in China.
Rig company Maersk Drilling, which is set to merge with US company Noble, saw its revenue decrease in the first quarter. The company maintains expectations.
The pipeline, which Ukraine wants to direct gas away from, transmits almost a third of Europe’s imports of Russian natural gas.
The increases are spurred by, among other things, the EU’s proposal for an embargo on Russian oil and underlying market concerns over impending tight supply.
US offshore carrier Tidewater is ready to take full advantage of a potential upswing in the offshore market after the company took over Swire Pacific Offshore in April. The first quarter ended with a loss, however.
In early April, Lithuania halted natural gas supplies from Russia, and Sunday marked the last day of oil and gas trading with Russia.
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