Shell to Exit Russia Operations, Nord Stream 2 Pipeline
Shell said the decision to quit the joint ventures in Russia will lead to impairments. Shell had around $3 billion in non-current assets in these ventures in Russia at the end of 2021, it said.
Equinor to Exit Russia Amid Invasion of Ukraine
Norwegian energy group Equinor said on Feb. 28 it will start the process of divesting from its joint ventures in Russia amid Moscow's invasion of Ukraine.
BP Quits Russia in up to $25 Billion Hit after Ukraine Invasion
BP is abandoning its 19.75% stake in Russian oil giant Rosneft after Russia's invasion of Ukraine.
How Putin Could Weaponize Oil and Gas
Here’s a look inside Putin’s arsenal if he were to retaliate to Western sanctions on Russia and how that relates to the country’s considerable exports of oil and gas.
Pioneer Natural Resources, API Condemn Russian Invasion of Ukraine
In a speech on Feb. 24, U.S. President Joe Biden also warned oil and gas companies not to exploit the ongoing crisis by hiking prices.
Biden Says US, Partners Working on Global Oil Reserve Release
So far, the U.S. has released about 50 million barrels of oil from its Strategic Petroleum Reserve through sales and exchanges, while China has mostly held off from releasing its oil.
US Slaps Sanctions on Company Building Russia’s Nord Stream 2 Pipeline
The U.S. Treasury Department issued a general license authorizing the “wind down” of transactions with Nord Stream 2 AG until March 2.
Nord Stream 2 Pipeline Not Moving Forward 'At This Point In Time,' White House Says
Europe's most divisive energy project, worth $11 billion, was finished in September, but has not begun operations pending certification by Germany and the European Union.
Oil Majors, Commodity Traders at Risk from New Sanctions on Russia
Western measures over Ukraine crisis could hit companies from BP, Shell and Exxon Mobil to Glencore and Vitol.
Germany Blocks Nord Stream 2 Gas Project as Ukraine Crisis Deepens
The pipeline had been set to ease the pressure on European consumers facing record energy prices amid a wider post-pandemic cost of living crisis.