Invasion | Egypt Oil & Gas - Part 2

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.

Shell Intends to Withdraw from Russian Oil, Gas

Shell announced that it intends to withdraw from its all-hydrocarbons business in Russia including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner aligned with new government ...

Enel to Resume Plans for Building LNG Terminal in Italy

Italy’s Enel announced its readiness to complete its plan of building a liquefied natural gas (LNG) terminal in southern Italy as a part of country’s intensive efforts to find alternative supplies of natural gas i ...

TotalEnergies to Stop Funding New Projects in Russia

TotalEnergies announced that it will not provide capital for any new projects in Russia.

Shell to Withdraw its Activities from Russia

The Board of Shell has announced its intention to close its working activities from Russia and exit its joint ventures with Gazprom and related entities due to Russian invasion's to Ukraine.

Equinor, bp Announce Decision to Exit Russia

Both Equinor and bp have announced their decisions to exit and halt work in Russia due to its invasion of Ukraine.

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