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Oil & Gas

Six EU countries require lowering of G7 price cap on Russian oil

Six European Union countries called on the European Commission to decrease the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would decrease Moscow's revenues to continue the war in Ukraine while not causing a market shock. Cost caps on Russian seaborne crude in addition to refined petroleum items were set by G7 countries to suppress Moscow's. profits from oil trade and in this method limitation the nation's. capability to fund its invasion of Ukraine. Procedures that target incomes from the export of oil are. crucial considering that they lower Russia's single most important earnings....

Oil & Gas

Britain sanctions Angola's dos Santos, Ukrainian oligarch Firtash in corruption crackdown

Britain has barred Angolan billionaire Isabel dos Santos and Ukrainian oligarch Dmytro Firtash and has frozen their UK possessions, the federal government announced on Thursday, in what it said became part of a new crackdown on ' dirty cash'. The procedures were the first step in tightening Britain's. anti-corruption sanctions program as promised in July's election,. the Labour federal government stated. These deceitful people selfishly deny their. fellow people of much-needed funding for education, healthcare. and infrastructure - for their own enrichment, Foreign. Secretary David Lammy said in a declaration. Dos Santos, whose daddy Jose Eduardo dos Santos ruled. Angola...

Natural Gas Utilities

Balticconnector gas pipeline will remain in commercial use again April 22, Gasgrid says

The damaged Balticconnector gas pipeline between Finland and Estonia will be in industrial usage once again on April 22, Finnish gas system operator Gasgrid executive Janne Gronlund told an industry conference on Wednesday. The Balticconnector subsea gas link in between Estonia and Finland was harmed in October along with 3 telecoms cables, hurting energy security and raising alarm bells in the broader region. At the minute we are commissioning the pipeline, and we expect that on Monday next week market participants can utilise Balticconnector again commercially, Gronlund said. During the winter, Finland was able to replace the damaged pipeline's capability...

Natural Gas Utilities

Nord Stream insurance companies deny policies covered war threats in UK claim

Nord Stream's. insurers have denied that their policies supply cover for gas. pipelines damaged by blasts in 2022 because the damage was. caused by war, in their written defence to a suit filed at. London's High Court. Nord Stream is seeking more than 400 million euros ($ 427. million) from its insurance companies over the explosions which ruptured. pipelines developed to transfer Russian gas to Germany. It called Lloyd's Insurance Company and Arch Insurance (EU). DAC as defendants in the suit. Sweden-- which in February dropped its examination-- and. Germany have both found traces of explosives relating to the. occurrence...

Oil & Gas

Nord Stream insurance companies say policies did not cover war dangers, Kommersant reports

Insurance plan for the Nord Stream gas pipelines damaged by blasts in 2022 did not attend to protection in the case of war, Kommersant daily reported on Thursday, mentioning files submitted at London's High Court. Nord Stream is looking for more than 400 million euros ($ 427. million) from its insurers over the explosions which burst. pipelines created to transport Russian gas to Germany. It named. Lloyd's Insurance Company and Arch Insurance (EU) DAC. as defendants in the match. Sweden-- which in February dropped its investigation-- and. Germany have both discovered traces of dynamites associating with the. occurrence that burst...

Fossil Fuels

Denmark ends probe into 'intentional' Nord Stream pipeline blasts

Denmark has actually dropped its examination into the surges in 2022 on the Nord Stream pipelines carrying Russian gas to Germany, authorities said on Monday, ending up being the 2nd nation to do so after Sweden closed its own query. The multi-billion dollar Nord Stream 1 and 2 pipelines transferring gas under the Baltic Sea were ruptured by a series of blasts in the Swedish and Danish economic zones in September 2022, releasing vast quantities of methane into the air. The blasts occurred seven months after Russia launched a. major intrusion of Ukraine, which set off a vast array of....

Natural Gas

Finnish probe into Balticconnector gas pipe damage ought to yield outcomes - minister

A Finnish investigation into the damage of the Balticconnector gas pipeline last year has actually moved forward and is most likely to reveal a conclusion, Foreign Minister Elina Valtonen told on Thursday. The subsea pipeline between Finland and Estonia and numerous telecoms cable televisions in the Baltic Sea were harmed in October and Finnish authorities have been examining whether this damage was brought on by an intentional act or a mishap. This investigation is unlikely to be inconclusive, Valtonen said in an interview. Finland is complying with China to investigate the function of Hong Kong-registered cargo vessel NewNew Polar Bear,...

Refined Products

Refined Products

Greenpeace targets Russia-linked Baltic Sea fuel tanker

Greenpeace activists painted slogans on an Estonianowned tanker in the middle of the Baltic Sea on Friday, and stated the ship supplied bunker fuel to vessels carrying Russian oil that positioned a danger to the environment and would sustain conflict. Oil fuels war, the campaigners, who showed up in little boats, scrawled in large white letters on the side of the Zircone tanker, photos provided by Greenpeace revealed. The vessel, sitting in international waters off the Swedish island of Gotland, has supplied fuel to more than 50 oil tankers travelling to or from Russian ports in the last two months,...

Oil & Gas Transportation

Germany develops LNG import terminals

Personal business Deutsche ReGas on April 3 ended a gas shuttle bus service from storage vessel Seapeak Hispania to the Baltic Sea port of Lubmin. The stop was in preparation for moving the drifting storage regasification system (FSRU) Neptune, moored in Lubmin, to its new Mukran port terminal on nearby Ruegen island. The Neptune had actually gotten its liquefied natural gas (LNG). freights first by means of the Seapak Hispania, another storage vessel,. in a shuttle bus set-up accounting for shallow water. The business said this is the primary step towards moving. its LNG operations from Lubmin, where they began...

Mining