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SHELL RUSSIA EXIT
Indian Army to get big firepower boost, IIT develops ramjet-powered artillery shells that can destroy enemy 70 km awayIndian Institute of Technology Madras researchers have achieved a world first with ramjet-powered artillery shells. This innovation is set ...- Russia vs US and NATO forces: Naval power and Putin's last aircraft carrierRussia plans to scrap its sole aircraft carrier, Admiral Kuznetsov. This move impacts Russia's naval power. The US and NATO lead in naval a...
- ONGC part-owned Sakhalin-1 output to be near normal by MarchProduction at Russia's Sakhalin-1 block, in which ONGC has a 20% stake, will reach near normal by March after a halt for months last year f...
- Russia bans Western investors from selling banking, key energy stakesWestern countries and allies, including Japan, have piled financial restrictions on Russia since it sent troops into Ukraine in late Februa...
- BP second-quarter profit triples to $9.3 billionThe company reported a net profit of $9.3 billion -- a threefold increase from the same three-month period last year -- following a $20.4-b...
- Russia taking over ownership stakes in Arctic oil fieldRussia announced further moves Tuesday to take over foreign ownership stakes in energy projects, saying it would acquire the stock in an Ar...
- India explores to expand footprints in oil fields in far East RussiaAccording to reports, ONGC’s overseas investment arm OVL has offered to send more personnel with suitable expertise to partially fill the v...
- Russia seizes control of Sakhalin gas project, raises stakes with WestThe order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell ...
- Shell in talks with Indian energy consortium to sell Russian LNG plant stake: SourcesThe consortium's potential interest in the Russian plant shows how India is willing to move in on energy assets and cheap oil supplies comi...
- ONGC weighs raising stakes in Russian oil despite Shell snubONGC, Bharat Petroleum, Indian Oil, and Oil India have also held preliminary discussions among themselves to evaluate buying BP's 20% stake...
- McDonald's to sell its Russian business, try to keep workersThe Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees...
- Shell to sell Russian retail and lubricants business to LukoilEnergy giant, Shell has announced the selling off its retail and lubricants business to Lukoil as the effect of the Russian invasion of Ukr...
- Shell posts record quarterly profit, lifted by energy price surgeShell's shares rose 2.6% in early trading, outperforming the 1.7% rise of an index of energy companies.
- Energy giant Shell loses $5 billion for leaving the Russian marketThe London-headquartered gas giant, Shell, has said that its revenues have taken a hit of up to $5 billion after the company severed its ti...
- European shares rise as defensives rally, hawkish Fed weighsThe pan-European STOXX 600 index rose 0.5% after losing 1.5% in the previous session. Defensives led the sectoral gains, with healthcare ju...
- Japan may take more action against Russia, could impact energy sectorThe Japanese government and companies own stakes in oil and liquefied natural gas (LNG) projects in Russia, including two on Sakhalin Islan...
- No challenge in selling from Russian oilfields, says ONGCOil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that ...
- Exxon Mobil to exit Russia, leaving $4 billion in assets, Sakhalin LNG project in doubtThe decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russia's Far East, and puts ...
- Shell pulls out of energy investments in Russia over warShell announced its intention Monday to exit its joint ventures with Gazprom and related entities, including its 27.5 per cent stake in the...
- Shell offers control over Sakhalin-2 to GazpromRoyal Dutch Shell has offered to cede control of the $22-billion Sakhalin-2 project, Russia’s biggest single foreign investment, to state g...
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