Chevron can resume key role in Venezuela’s oil output, exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a US license allowing the second-largest US oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big US oil company still operating in US-sanctioned Venezuela. However, … Read more

Factbox: Europe’s alternatives if Russia shuts off gas supply

LONDON, Oct 20 – Unexplained damage to the Nord Stream pipelines that run under the Baltic Sea have dashed hopes that Russian gas flow to Germany will resume anytime soon. Nord Stream 1 had been idle since the end of August for maintenance work, prompting concerns about supply to Europe if the outage was extended. … Read more

Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream leaks discovered in late September Newspaper reports what it calls first images of damage EU to propose energy measures, avoid immediate gas price cap EU seeks to launch new gas price benchmark, joint purchases COPENHAGEN/BRUSSELS, Oct 18 (Reuters) – Damage to the Nord Stream gas pipeline from Russia to Europe was caused by … Read more

Q+A Nord Stream gas ‘sabotage’: who’s being blamed and why?

WARSAW, Sept 30 (Reuters) – Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage. Here is what we know and what has been said so far: WHO … Read more

Europe suspects sabotage as mysterious gas leaks hit Russian pipelines

Polish PM: leaks were caused by sabotage Operator says damage to Nord Stream 1 ‘unprecedented’ Crisis over Russian gas has sent prices soaring Europe has been racing to find alternative supplies STOCKHOLM/COPENHAGEN, Sept 27 (Reuters) – Europe was racing on Tuesday to investigate possible sabotage behind sudden and unexplained leaks in two Russian gas pipelines … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures … Read more

The EU seeks $140 billion to insulate consumers from the energy crisis

Russia has steadily cut gas supplies to Europe European governments fork out billions to help businesses EU’s von der Leyen says aid so far ‘will not be enough’ BRUSSELS/DUESSELDORF, Sept 14 (Reuters) – The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and … Read more