Equinor Cancels All Joint Ventures in Russia
Equinor has stopped investing in Russia, stopped trading oil and gas products from Russia, and announced an impairment loss of USD 1.08 billion as of 31 March 2022.
Russia | Egypt Oil & Gas - Part 4
EU Reveals EUR 210B Plan to End Energy Dependence on Russia
The European Commission presented a EUR 210 billion plan for Europe to end its reliance on Russian fossil fuels by 2027, using the pivot away from Moscow to accelerate its transition to green energy, Reuters repor ...
Russian Gas Nominations Through Ukraine’s Sokhranovka Drop to Zero
Ukraine's gas pipeline operator reported on Wednesday that no Russian gas transit nominations were received at the Sokhranovka entry point for May 11, following Kyiv's warning that this route could be shut down.
Wintershall Dea Q1 2022 Results: Strong Performance Despite Russia-Ukraine Conflict
Wintershall Dea demonstrated strong operational and financial performance for Q1 2022 despite the Russia-Ukraine war, according to the company's latest report.
Wintershall Dea Decides to Keep Its Assets in Russia
Wintershall Dea’s CEO Mario Mehren announced that his company decided to keep its projects in Russia after conducting intensive discussions noting that it will never import natural gas from Russia or conduct any c ...
Russian Crude Oil Exports Decline by 25% in a Week
This comes as crude oil shipments to Asia from the ports on the Arctic, Baltic, and Black Sea coasts declined to its lowest levels in two months.
China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March
China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.
Russia to Expand Oil Storage, Exporting Outlets
Russia plans to establish several oil storage facilities and a number of new exporting outlets, in a move to help offset sanctions hampering the country’s oil sales, officials told Reuters.
Major Oil Traders to Reduce Russian Oil Purchases Starting From Mid-May
To avoid falling foul of European Union sanctions against Russia, major global trading decided to reduce purchases of crude and fuel from Russia's state-owned oil companies as early as May 15, Reuters reported.
Russian Oil Supply to Plummet to Double in May
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
