Rusian oil and gas revenues fell $15.8 billion in the first quarter of 2023.

The tug linked to a russian carrier group has been spotted 30 miles off the coast of the Shetland Isles

Russian Deputy Prime Minister Alexander Novak said on Wednesday that Russia is ready to begin an investigation of the recent incidents on the Nord Stream pipelines.

While Nord Stream and other pipeline closures take their toll on domestic supply, leaving Europe to scramble amid a gas supply crunch, Canada’s oil and gas producer Trillion Energy is hoping to alleviate the energy crisis by scaling up natural gas production in the fourth quarter of 2022 through programmes for which it has secured the required funding.

Norwegian and Swedish seismic institutes have recorded two underwater blasts before the discovery of the gas leaks on the Nord Stream pipelines in the Baltic Sea linking Russia and Europe, prompting an investigation by authorities amid suspicions of sabotage.

Three offshore lines of the Nord Stream gas pipeline system on the bed of the Baltic Sea sustained “unprecedented” damage in one day, Nord Stream AG, the operator of the network, said on Tuesday.

Activists from Greenpeace Nordic have blocked a gas tanker carrying Russian gas from offloading its cargo at an LNG terminal in Nynäshamn, south of Stockholm, calling on the Swedish government to stop the imports of Russian fossil fuels due to the war in Ukraine.

President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia’s energy resources.

Russia’s state-owned gas company Gazprom has not reopened the Nord Stream 1 pipeline as planned due to “technical problems” and has not revealed when this major gas flow to Europe will start again.

State-owned Russian gas company Gazprom has again shut off the Nord Stream 1 pipeline that supplies Europe with gas due to maintenance.