The bill would sanction vessels that lay Russian energy export pipelines at least 100 feet below sea level.

Eni and ADNOC announced that they have closed their strategic partnership, announced in January, through which Eni acquired a 20% equity interest in ADNOC refining. The final cash price is approximately $3.24bn. The partners, which include Austria’s OMV, also set up a new trading joint venture.

“We have delivered good cash flow performance, despite earnings volatility, in a quarter that has seen challenging macroeconomic conditions in refining and chemicals as well as lower gas prices. This quarter we achieved some key milestones, such as the start-up of Appomattox and the first LNG cargo from Prelude. These add to our competitive portfolio, which is expected to generate additional cash in the coming quarters. The resilience of our Upstream and customer-facing businesses and their ability to generate cash support the delivery of our 2020 outlook, which remains unchanged.” 

Royal Dutch Shell plc (the ‘company’) today announces the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a period up to and including October 28, 2019. The aggregate maximum consideration for the purchase of A ordinary shares and/or B ordinary shares under the next tranche is $2.75 billion. The company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions.

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU), holding a 36.8% non-operating interest in the Danish Underground Consortium (DUC), to Norwegian Energy Company ASA (Noreco) for a consideration amount of $1.9 billion.

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The total cash consideration was $965 million.

BAKER HUGHES, A GE COMPANY ANNOUNCES SECOND QUARTER 2019 RESULTS

The Trans Anatolian Natural Gas Pipeline (TANAP), the major segment of the Southern Gas Corridor is ready to supply Azerbaijani gas directly to Europe.

Abu Dhabi sovereign wealth fund Mubadala saw a jump in its assets under management in 2018, reaching $229bn, up from $127.7bn the previous year.

TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced that it has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Ltd., to sell interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc., for approximately $2.87 billion.

ConocoPhillips (NYSE: COP) reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share.

“Очередное заседание Рабочей группы по энергетике, которое состоялось накануне, позволило подвести итоги реализации проектов в этой области, а также наметить новые направления совместной работы. На особом контроле держим реализацию наших ключевых проектов - “Турецкого потока” и АЭС “Аккую”. Мы рассчитываем на своевременный запуск проектов в конце 2019 года и к 2023 году соответственно”, - сказал Александр Новак.

The new rules cast doubt over the commercial operation of Nord Stream 2, which argues that it has been unfairly targeted by fast-tracked legislation to stall the project.

Russia has said it wants to cut substantially its gas flows to Europe via West-leaning Ukraine by doubling the capacity of the existing Nord Stream trunk via the Baltic Sea and laying gas pipes to Turkey and onwards through the Black Sea.

Russia’s Gazprom, the world’s largest conventional gas producer, has raised about $2.20 billion from selling a 2.9% stake to a single buyer at a large discount to the market price.