Equinor Asa Stock News

Oil and Natural Gas Corp (ONGC) said on Thursday it did not foresee any challenge in selling its share of crude from Russian oilfields or repatriating dividends from there in the current situation."Based on present applicable sanctions and removal of five Russian banks from SWIFT arrangement, the company does not foresee any challenge in selling crude oil or repatriating dividends except that scrutiny of financial transactions may be higher than usual," ONGC Videsh, the overseas arm of state-run explorer, said in an emailed response to ET. "ONGC Videsh banks in Russia are not affected by SWIFT cut off as of now as per our information," it added.Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that are aimed at non-energy sectors. Cautious financiers, insurers, and traders are steering away from Russian oil cargoes. "As of now, we have not faced any issues (in selling crude)," ONGC said.ONGC didn''t clearly say if it was rethinking its investment plan in Vostok, Russia''s massive arctic oil project. "Considering the dynamic nature of the development as a result of the Russia-Ukraine conflict, ONGC Videsh is keeping a close watch on the development," the company said on Vostok plans.Sources told ET that Western sanctions would make it nearly impossible for ONGC to raise capital for investment in the massive Vostok project.

In response to Russia’s invasion of Ukraine, British energy giant BP announced on February 27 that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are US energy giant ExxonMobil and Norway’s state-controlled company, Equinor. These […] The post Shell, BP, ExxonMobil leaving Russia after decades appeared first on Asia Times .

The implications of the Russian-Ukrainian conflict are becoming clearer. Which companies are likely to see significant negative impacts? Click here to find out.

Companies around the globe have answered Russia’s invasion of Ukraine by putting a hold on business or fully exiting operations in Russia. This comes in addition to the harsh economic sanctions rec

Shell joined BP in announcing it will leave all its Russian operations, including a major liquefied natural gas plant, following on Moscow''s invasion of Ukraine. Earlier BP also abandoned its share in Russian oil giant Rosneft, a move that could cost the British company over US$25 billion.

HOUSTON, USA – Exxon Mobil has begun removing employees who are US citizens from Russia, according to two people familiar with the matter. The departures include staff from its large oil and gas production operations on Sakhalin Island in Russia’s Far East. Exxon last year employed more than 1,000 people across Russia with offices in Moscow, Saint Petersburg, Yekaterinburg, and Yuzhno-Sakhalinst, according to its website. The number of expatriate staff being evacuated was unclear on Tuesday, March 1. The company sent a plane to Sakhalin Island to retrieve staff, one of the people familiar with the matter said. Exxon operates three large offshore oil and gas fields with operations based on Sakhalin Island. It has been advancing plans to add a liquefied natural gas export terminal at the site. An Exxon spokesperson did not reply to a request for comment. “Exxon’s Russian business is relatively small in the context of its wider enterprise, so it does not have the same significance as it has to BP or TotalEnergies, if it were to abandon its Russian assets,” said Anish Kapadia, a director at energy and mining researcher Pallissy Advisors.

TotalEnergies <> said it will no longer provide capital for new projects in Russia, but made no mention of potentially divesting from Russia after BP, Shell and Equinor…

European stocks declined on Tuesday with attention still trained on the isolation of Russia from global financial markets after its invasion of Ukraine.

The company’s decision to stop providing capital for new projects in Russia falls short of the exits announced by BP, Shell and Equinor.

SAN FRANCISCO , March 1, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Carbon Capture and Storage - Global Market Trajectory & Analytics" . The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE What''s New for 2022? Global competitiveness and key competitor percentage market shares Market presence across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to our digital archives and MarketGlass Research Platform Complimentary updates for one year Edition: 22; Released: February 2022 Executive Pool: 12189 Companies: 90 - Players covered include Archer-Daniels-Midland Company; BP plc; Chevron Corporation; Emissions Reduction Alberta; Equinor ASA; GE Power; HTC CO2 Systems Corp.; Japan CCS Co., Ltd.; Schlumberger Limited; SNC-Lavalin Group, Inc.; Svante Inc. and Others.

Energy giants cut ties over war in Ukraine UK-based Shell and French-based Total on Tuesday announced they were severing ties with Russia following sanctions placed on Moscow over its ongoing military conflict with Ukraine. Total said it will not invest in new projects in Russia, adding that its board condemns Russia''s actions and “ expresses its solidarity with the Ukrainian people who are suffering the consequences and the Russian people who will also suffer the consequences. ” The energy company noted its approval of all sanctions imposed against Russia and pledged to comply with them, despite the possible impact on its activities. Shell said it would exit its joint ventures with Russian energy giant Gazprom, with the company’s CEO Ben van Beurden saying he is “ shocked by the loss of life in Ukraine. ” “ Our decision to exit is one we take with conviction. We cannot – and we will not – stand by ,” van Beurden said. Read more Nord Stream 2 forced to lay off staff, may file for bankruptcy The decision means that Shell will pull out of its 27.5% stake in the Sakhalin II liquefied natural gas facility, its 50% stake in the Salym Petroleum Development and the Gydan energy venture.

KYIV/MOSCOW (Reuters) - A huge Russian armoured column bore down on Kyiv on Tuesday, after the lethal shelling of civilian areas in Ukraine''s second largest city raised fears that frustrated Russian commanders could resort to more devastating tactics. Nearly a week since after Moscow launched war on its neighbour it has failed to capture a single major Ukrainian city after running into unexpectedly fierce resistance. Western countries fear that Russian commanders could now unleash the tactics they employed in Syria and Chechnya in recent decades, when they pulverised civilian areas, killing thousands, as they sent in their tanks. Oil company Shell became the latest Western firm to announce it was pulling out of Russia. International sanctions and global financial isolation have had a sudden and devastating impact on Russia''s economy, with the rouble in freefall and queues outside banks as Russians rush to salvage their savings. U.S. satellite company Maxar released pictures showing tanks and fuel trucks snaking along a highway from the north, bearing down on Kyiv along 40 miles (60 km) of highway. "For the enemy, Kyiv is the key target," President Volodymyr Zelenskiy, who has remained in the capital rallying Ukrainians with regular video updates, said in his latest message overnight. "We did not let them break the defence of the capital, and they send saboteurs to us …

Shell has joined BP and Equinor in a decision to exit Russia-related businesses following Russia''s attack on Ukraine. The post After BP and Equinor, Shell follows suit in ditching Russian business appeared first on Offshore Energy .

Global oil and gas giant Shell said Monday that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise. Shell announced its intention to exit its joint ventures with Russia’s state-owned energy giant Gazprom and related entities, including a 27.5% stake in a key liquefied natural gas project as well as 50% stakes in two projects that are developing oil fields in Siberia. Shell also said it intends to end its involvement in Nord Stream 2, a controversial pipeline built to carry Russian natural gas to western Europe. German Chancellor Olaf Sholz halted certification of the project after Russia invaded Ukraine. “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” Shell Chief Executive Ben van Beurden said in a statement. Shell’s decision comes as Western energy companies come under pressure to ditch their Russian investments amid concern that proceeds from oil and gas sales will help fund the war in Ukraine.