Russia | Egypt Oil & Gas - Part 12
Nord Stream 2 Gas Pipeline Company Considers Filing for Insolvency – Reuters
The company which owns the Nord Stream 2 gas pipeline from Russia to Germany is currently considering filing for insolvency, two sources familiar with the situation told Reuters. This comes as the company tries to set...
Shell to Withdraw its Activities from Russia
The Board of Shell has announced its decision to exit its joint ventures with Gazprom and related entities due to Russia’s invasion of Ukraine. This decision will include Shell’s 27.5 % stake in the Sakhal...
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. In a press release, Equinor said that its Board of Directors has decided to stop new investments into ...
Oil Prices Climb Over $100 as Russia Attacks Ukraine
Oil prices surged as Brent reached $102.48 a barrel, highest since Sept 2014, as Russia attacked Ukraine, Reuters reported. Additionally, US West Texas Intermediate (WTI) crude futures rose $4.85, or 5.3%, reaching $9...
Egypt Discusses Cooperation with Russia, Venezuela at GECF
On the sidelines of the Gas Exporting Countries Forum (GECF), Minister of Petroleum and Mineral Resources Tarek El Molla met with Russian Energy Minister Nikolay Shulginov, the Egyptian ministry said in a statement. T...
Gazprom Develops Gas Processing Plants to Boost Production
Gazprom announced that its natural gas processing plants (GPPs) based in Russia are integrated into a single process chain of gas supplies, from hydrocarbon feedstock production to consumer deliveries. The statement e...
Nord Stream 2 Prepares to Begin Exporting Gas to Europe
The operator of the Nord Stream 2 pipeline on the bed of the Baltic Sea announced that the first two lines of the project has been filled with technical gas pending approvals to start exports to Europe, Reuters report...
Gazprom Increases Gas Production, Exports in 2021
Gazprom announced that it successfully produced 378.1 billion cubic meters (bcm) between January and September 2021, representing a 17.3% increase compared to the same period in 2020. Gazprom elaborated that its domes...
