Europe

Russia

A long-running oil dispute between Russia and Belarus has for the first time threatened to disrupt supplies to Europe. Belarus will start taking crude from its transit pipeline if shipments from Russia are below the agreed 2 million tons this month, state news agency Belta reported Friday, citing President Alexander Lukashenko. That could jeopardize Russian …

carbon

BP is expanding its team working on carbon capture and storage projects as part of its ambition to zero out net greenhouse-gas emissions by 2050. The oil major has added staff over the past 12 months and is reorganizing teams that have been dispersed within different units of the company, a spokesperson confirmed. The moves …

OPEC

Russia’s key oil producers voiced support for the idea of extending OPEC+ output cuts into the second quarter, as the global oil market awaits a definitive response to the coronavirus outbreak. Executives who attended a meeting with Russian Energy Minister Alexander Novak on Wednesday said there was no final decision and gave no indication of …

carbon

Norwegian oil major Equinor has launched a new climate roadmap for the upcoming period of energy transition, in line with the Paris Agreement. Equinor said on Thursday that it would reduce the net carbon intensity, from initial production to final consumption, of energy produced by at least 50 percent by 2050. Also, it would grow …

RockRose Energy

RockRose Energy has signed a sales and purchase agreement (SPA) to acquire a 100% of the equity of Speedwell Energy, the holder of 100% interest in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said on Tuesday that the acquisition is for a limited initial consideration, with the larger …

new minister

Norwegian government has appointed Tina Bru as the country’s new Minister of Petroleum and Energy, replacing Sylvi Listhaug. Listhaug has only been in the office for a month. Her appointment to the minister of petroleum role was made in December 2019. Before that, she had held a position in Norway’s Ministry of Health and Care …