Companies

Russian energy giant Gazprom said Saturday it had asked German group Siemens to return a turbine it has repaired in Canada to ensure the Nord Stream pipeline delivering gas to Europe works. Gazprom started 10 days of maintenance on the Nord Stream 1 pipeline on Monday, with the European Union …

Russian gas monopoly Gazprom said on Wednesday it wouldn’t guarantee the resumption of gas shipments to Europe through its pipelines, despite recent political decisions in Canada allowing the return of key compression equipment from maintenance. Under pressure from European allies in the throes of an energy crisis, the Canadian government …

Shell Plc said surging margins from fuel production could have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The trading update from the London-based energy giant is the first indicator of just how much cash was …

Royal Dutch Shell will build the largest renewable energy plant in Europe, as its subsidiaries Shell Nederland B.V. and Shell Overseas Investments B.V. have made a final investment decision on the project, Trend reports with reference to the company. Reportedly, Holland Hydrogen will be operational in 2025. “The 200MW electrolyser …

On behalf of its partners in the Bacalhau oil field, Equinor Brasil has awarded Valaris a 540-day drilling contract to commence in 2023. The Valaris DS-17 drillship will be used to drill an appraisal well, cap a former exploration well and conduct additional drilling scope work in Brazil. It is …

Russia’s lower house of parliament approved on Tuesday amendments in the country’s tax code that would slap a windfall tax on Gazprom of the equivalent of $20 billion between September and November, which will boost Russia’s tax revenue income. The amendment still needs to be approved by the upper house …

Oil major, TotalEnergies has pledged to upscale investment in Nigeria, targeting more oil and gas production in the next five years. The firm said, it is also deepening partnership with the federal government to achieve its target of providing electricity to 80 per cent of the population by 2030. In …

Gazprom could reportedly seek to change the terms of its delivery contracts if countries implemented a price cap on Russian gas. That follows reports which claimed that G7 leaders will start exploring the options around imposing possible price caps on Russian oil and gas imports. It is expected that the …

Oil majors from three continents are partnering with the world’s largest factory hub on a massive carbon capture site that would store the heat-trapping gas at sea in China. Exxon Mobil Corp., Shell Plc and Cnooc Ltd. signed a non-binding agreement with the Guangdong government on a facility that would …

Qatar Energy, the world’s biggest producer of liquefied natural gas, has joined a group of oil and gas companies aiming to cut almost all methane emissions from their operations by 2030. The Qatari company has signed up to the Aiming for Zero Methane Emissions Initiative, which was founded in March …