The oil and gas industry, crucial for global energy supply, faces significant upheaval during times of war and conflict. These events disrupt supply chains, damage infrastructure, and alter market demands, directly impacting employment across various sectors of the industry. General Impact of Conflicts Conflicts in regions such as Ukraine, Gaza, and others generally share several […]
The war in Ukraine, which started on February 24, 2022 when Russia launched a military invasion of its neighbor, has had far reaching consequences for the world. Among them, the impact on the oil and gas industry has been significant and complex. The oil and gas industry is a major employer in many countries, both […]
The Tuapse oil refinery, located on the Black Sea coast of Russia, is one of the largest and most modern refineries in the country. It is owned by Rosneft, the state-controlled oil giant that is a key player in Russia’s energy sector. The refinery processes crude oil from western Siberia and the Caspian Sea, and […]
Russia has been in talks to build a new pipeline to carry 50 billion cubic meters of gas a year from northern Russia to China via Mongolia, almost as much as the now-idle Nord Stream 1 pipeline under the Baltic Sea that was damaged in 2022. The project, called Power of Siberia-2, is expected to […]
Russia’s invasion of Ukraine in February, 2024 has sparked a global crisis that has far reaching implications for the oil and gas industry, global energy prices, and consumer supply in both countries. Industry Impact The war in Ukraine has exposed the vulnerability of the oil and gas industry to geopolitical shocks and supply disruptions. Russia […]