Companies

Bulgaria will not renew a natural gas supply contract with Russia’s Gazprom PJSC amid the war in Ukraine, and will look at alternative supplies and a future joint European Union contract to avoid a shortfall, Deputy Prime Minister Assen Vassilev said Saturday. The Balkan country gets almost all of its …

U.S. natural gas can easily replace Russian gas in Europe, the chief executive of EQT, the country’s largest producer of gas, told the BBC in an interview. “We’ve got the ability to do more, the desire to do more,” Toby Rice told the BBC, estimating that the United States had …

Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday. It will create a company called Azule Energy that is expected to be Angola’s largest producer, with stakes in 16 licences and in the Angola liquefied natural gas joint …

Equinor, Western Europe’s largest natural gas producer, said it is extracting oil and gas at full capacity in order to replenish the continent’s dwindling gas storage, while admitting that Europe’s dependency on Russia will be “difficult” and will require greater investment in both fossil fuels and renewables. As part of …

Energy giant Shell says it will stop buying Russian oil and natural gas as well as shut down its service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Shell says in a statement Tuesday that it would withdraw …

Danish turbine manufacturer Vestas plans to stop four Russian wind projects in response to the country’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reported citing company spokesperson. The four projects that are currently in the development phase include Novoalekseevskaya, Grazhdanskaya, Ivanovskaya, and Pokrovskaya. They have a combined capacity of 253MW, according …

Several major oil companies and investors have announced in recent days they are withdrawing from Russian resource development or not pursuing new projects with Russia, including in the Arctic, after Russia’s invasion of Ukraine. BP was the first to announce such plans. On Sunday, the company said that it was …

Russian energy company Gazprom on Thursday resumed westbound gas supplies via the Yamal-Europe pipeline to Germany from Poland, data from Gascade pipeline operator showed. Flows have been at 5.9 million kilowatt-hour per hour (kWh/h), while renominations, or preliminary bids, stand at 19.3 million kWh/h until Friday morning.

Italian oil giant Eni said Tuesday it would withdraw from the Blue Stream gas pipeline linking Russia to Turkey, in which it has a 50 percent stake. “Eni intends to sell its stake” in Blue Stream, a company spokesman said, following moves by rivals BP and Shell to divest from …

Norwegian energy company Equinor ASA has announced that it will begin exiting its current joint ventures in Russia and give up potential new investments, thus putting an end to its presence of more than 30 years in the country. “We are all deeply troubled by the invasion of Ukraine, which …