Equinor Asa Stock News

Russia''s oil industry could suffer the biggest ever withdrawal of foreign investment in a short period.What: BP and Equinor have both announced …

Moscow faced increasing isolation on Tuesday, March 1, as President Vladimir Putin showed no sign of stopping an invasion of Ukraine , where fierce fighting and Russian bombardment have killed dozens and sparked a refugee crisis. Russia’s invasion, launched last week, appears not to have achieved the decisive early gains that Putin would have hoped for. The Russian leader faces mounting diplomatic isolation for launching the biggest assault on a European state since World War Two,and the systemic impact of Western sanctions led to a near 30% collapse in the rouble on Monday, February 28, before central bank intervention rescued the currency from its lows. Ceasefire talks held Monday failed to reach a breakthrough and negotiators have not said when a new round would take place. The United States and its allies have imposed sanctions on Russia’s central bank, its top businesses, oligarchs and officials, including Putin himself, and barred some Russian banks from the SWIFT international payments system.

Oil prices surge on Monday, with the global Brent benchmark settling above $100 a barrel, after the West imposed more sanctions on Russia, a key producer, due to its ongoing invasion of Ukraine.

Shell will exit giant Sakhalin 2 LNG project and end its Nord Stream 2 pipeline involvement

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

The Ukraine crisis divides the oil and gas space into two halves, Russian and non-Russian. Investors should invest accordingly.

Investors seeking safe stocks to buy this March should consider this list with some names other lists might have missed. The post 7 Safe Stocks to Buy for March 2022 As Value Is Back in Force appeared

Equinor had $1.2 billion in assets at the end of last year in Russia, where it has had a partnership with Russian oil company Rosneft since 2012.

LONDON: Shares in British energy giant BP slumped Monday, wiping billions of dollars from the company''s value after it said it was exiting Russia over the country''s invasion of neighbour Ukraine. BP was down 5.6 percent around midday on London''s benchmark FTSE 100 index, which was down 1.5 percent overall. BP on Sunday said it was pulling its 19.75-percent stake in energy group Rosneft, ending more than three decades of investment in Russia. The British company''s chief executive Bernard Looney also announced his resignation from the Rosneft board. "Russia''s attack on Ukraine is an act of aggression which is having tragic consequences across the region," said the company''s chairman Helge Lund. "BP has operated in Russia for over 30 years, working with brilliant Russian colleagues," he added. "However, this military action represents a fundamental change." Kwasi Kwarteng, Britain''s business minister, welcomed the announcement. "Russia''s unprovoked invasion of Ukraine must be a wake up call for British businesses with commercial interests in Putin''s Russia," he tweeted.

UK’s oil major BP has decided to exit its shareholding in Russia’s oil and gas giant Rosneft while Norway’s Equinor has moved to exit its joint ventures in Russia following the attack on Ukraine, which started last week. BP revealed its decision late on Sunday to exit its 19.75 per cent shareholding in Russia’s state-owned […]

The latest developments on the Russia-Ukraine war:

Governments aren''t the only ones wounding Russia''s economy as a move to divest from the country takes hold among corporations

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Norway''s state-owned energy company announced it was pulling out of Russia over the Kremlin''s invasion of Ukraine, becoming the second major oil and gas company to do so after BP said it was withdrawing a day prior.

BP has decided to exit its shareholding in Russia''s Rosneft while Equinor has moved to exit its JVs in Russia. The post BP to get rid of its interest in Russia’s Rosneft and Equinor to exit Russian JVs appeared first on Offshore Energy .