Big Oil’s Sudden Decision To Exit Russia Comes At A High Price
The sale of its stake in Rosneft could cost British oil major BP up to $25 billion in impairment charges. Impairment charges for Shell PLC could come in at $3 Continue Reading
ExxonMobil leans on Permian, Guyana for major production growth
Launching Baytown carbon capture, hydrogen project Proceeding with Gulf Coast Permian processing project ExxonMobil sees production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 Continue Reading
Exxon plans hydrogen and carbon-capture/storage plant near Houston
Exxon Mobil Corp. (XOM.N) on Tuesday said it plans a hydrogen production plant and a carbon capture and storage (CCS) project at its Baytown refinery near Houston, Texas, an effort Continue Reading
Exxon to exit Russia, leaving $4 bln in assets, Sakhalin LNG project in doubt
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result Continue Reading
Big Oil Walks Away After Decades in Russia
BP to Exit Nearly 20% Stake in Rosneft First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves Continue Reading
Shell to exit Russia after Ukraine invasion, joining BP
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country Continue Reading
TotalEnergies says no capital for new Russian projects, but staying put
TotalEnergies (TTEF.PA) condemned what it called Moscow’s military aggression in Ukraine but stopped short on Tuesday of joining rivals Shell (SHEL.L) and BP in planning to exit positions in resource-rich Continue Reading
BP to Exit Rosneft Stake and May Take a $25 Billion Hit
BP is moving to dump its shares of Russian oil giant Rosneft. BP Plc moved to dump its shares in oil giant Rosneft PJSC , taking a financial hit of Continue Reading
Exxon’s Bank in Russia Among Those Hit by Sanctions Over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading
BP exit opens new front in West’s campaign against Russia
BP opened a new front in the West’s campaign to isolate Russia’s economy by deciding to exit its Russian oil and gas investments, the most aggressive move yet by a Continue Reading