Russia | Egypt Oil & Gas - Part 9

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 ...

US Bans Oil Imports from Russia

US President Joe Biden declared banning oil and other sources of energy imports from Russia in retaliation for the Russian invasion of Ukraine.

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 ...

Germany to Build LNG Terminal to Cut Reliance on Russian Gas

Germany has signed an momorandum of understanding (MoU) with the country’s top power producer RWE and Dutch network operator Gasunie to build the terminal in the port town of Brunsbuettel.

Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid

Shell company announced that it will put profits from any Russian oil it purchases into funding humanitarian aids to Ukraine.

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.

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