Ukraine | Egypt Oil & Gas - Part 4
Wintershall Dea Writes Off Nord Stream 2 Financing
Responding to Russian attack on 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 write off its financing of Nord Strea...
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 quo...
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. The company said that it will exit the ope...
TotalEnergies to Stop Funding New Projects in Russia
TotalEnergies announced that it will not provide capital for any new projects in Russia. It made this statement in a press release in which it condemned Russia’s military aggression against Ukraine. TotalEnergie...
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...
Japan to Send LNG Cargoes to Europe Amid Russia-Ukraine Tensions
Japan announced that it will divert some liquified natural gas (LNG) shipments to Europe in response to U.S. and the European Union requests to do so, according to a Reuters report quoting the Japanese industry minist...
Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020
Gazprom, Russia’s state-owned gas company, has pumped 40 billion cubic meters (bcm) via Ukraine’s transmission system in 2020, according to Neftegaz. This totals two-thirds of the Russian gas volumes contracted for 2...
