Russia | Egypt Oil & Gas - Part 9

Wintershall Dea Writes Off Nord Stream 2 Financing

Responding to Russian attack to Ukraine, Wintershall Dea announced that its AG’s Management Board decided to stop advancing or developing new oil and gas projects in Russia and to stop financing Nord stream 2 with ...

Italy Holds Financing for Russian LNG Project

In response to Russia's invasion of Ukraine, Italy disclosed that it will put its share of financing on hold for the Arctic LNG 2 project led by privately-owned Russian gas producer Novatek, Reuters reported quoti ...

ExxonMobil to Stop Operations in Russia

Signaling its support for the Ukrainian people, ExxonMobil announced its decision to stop its operations in Russia and that it will not invest in any more new projects there. 

TotalEnergies to Stop Funding New Projects in Russia

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

Nord Stream 2 Gas Pipeline Company Considers Filing for Insolvency – Reuters

The Company owning the Nord Stream 2 gas pipeline from Russia to Germany is regarding filing for insolvency.

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.

Oil Prices Climb Over $100 as Russia Attacks Ukraine

Oil prices surged as Brent reached $102.48 a barrel, highest since Sept 2014, on February 24th as Russia attacked Ukraine.

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.

Gazprom Develops Gas Processing Plants to Boost Production

Gazprom company announced that its natural gas processing plants (GPPs) based in Russia are integrated into the single process chain of gas supplies, from hydrocarbon feedstock production to consumer deliveries.

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