Russian Oil Company Rosneft Acquires 37.5% of German PCK Refinery
Through this acquisition, Rosneft will increase its ownership in PCK from 54.17 % to 91.67%.
Shell | Egypt Oil & Gas - Part 11
Shell, TotalEnergies, 3R Win Oil Contracts in Brazil’s Auction of 59 oil blocks
The Brazilian government granted 59 exploration permits for oil and natural gas fields to 13 companies on Wednesday, among them Shell (SHEL.L), TotalEnergies (TTEF.PA) and 3R Petroleum (RRRP3.SA)
Shell Compensates Petrobras with $1.12B in Atapu Payments
Petrobras (PETR4.SA) announced on Wednesday that it has received 5.26 billion reais ($1.12 billion) in compensation from Shell (SHEL.L) for the latter's 25% ownership in the Atapu oil block.
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.
Shell to Write Off Up to $5B After Exiting Russia
Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.
Shell Begins Production at PowerNap in Mexico
Shell revealed that it has started production at PowerNap, a subsea development in the US Gulf of Mexico, which is a tie-back to the Olympus production hub in the Mars Corridor.
PTTEP, Chevron Acquire Shell’s Stake in Myanmar
PTTEP International, a subsidiary of the Thai national energy company PTT, confirmed it decision to take over the operatorship of Yadana and MGTVC in addition to TotalEnergies' share in Yadana.
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 ...
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.
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.
