Shell to Write Off Up to $5B After Exiting Russia

Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.

Lithuania Achieves Energy Independence From Russian Gas Supplies 

Lithuania announced that it will not import the Russian gas any more to meet its domestic needs.

ExxonMobil Intensely Working Through Options for Exiting Russian Venture

ExxonMobil is currently working through options on how to proceed to withdraw from its Russian venture.

Italy to Install Two FSRUs to Boost LNG Imports

Italian Minister of Energy Transition Roberto Cingolani announced that his country intends to install two floating storage and regasification units (FSRU) seeking to increase liquefied natural gas (LNG) imports wi ...

Eneos Halts Russian Crude Purchases

Eneos Chairman Tsutomu Sugimori announced that his company has halted purchasing Russian crude oil after the invasion of Ukraine.

Baker Hughes Suspends New Investments in Russia

Baker Hughes has announced that it has halted its new investments in Russia due to its invasion of Ukraine.

Neptune to Contribute $2M in Aid for Ukrainian People

Neptune Energy has announced that it will offer $2 million as donations to support humanitarian efforts to aid the people of Ukraine.

Equinor Affirms Its Compliance with Russian Oil Sanctions

Continuing its deny to the Russian invasion, Equinor has announced that it will not enter into any deals related to trading or transporting oil and oil products from Russia.

Russian Deputy PM: Russia Working to Resolve Oil Sales Difficulties

The Russian Deputy Prime Minister Alexandar Novak revealed that though Russian companies have been facing difficulties securing financing for their April contracts to sell crude and oil products, the situation can ...

IEA to Set Strategy for Reducing Oil Usage While Prices Soar

The International Energy Agency (IEA) disclosed that it might release more oil from stocks to reduce its current high prices noting that it will set a plan to reduce oil usage as soon as possible.

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