Published 2 years ago

Shell to pull out of energy investments in Russia over war

Summary by Ground News

BP announced on Sunday that it would exit its 19.75% holding in state-owned Rosneft, with CEO Bernard Looney and former chief Bob Dudley both resigning from its board. Equinor announced today that it will begin exiting joint ventures in the country. Shell has a 27.5% stake in Gazprom's Sakhalin-2 offshore gas project.

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Times of India

Shell pulls out of energy investments in Russia over war

Shell announced its intention Monday to exit its joint ventures with Gazprom and related entities, including its 27.5 per cent stake in the Sakhalin-II liquefied natural gas facility, its 50 per cent stake in the Salym Petroleum Development and the Gydan energy venture.

2 years ago·India

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BBC News

Shell to sell Russian investments due to Ukraine conflict

Shell said on Monday that it will exit joint ventures with the Russian gas giant Gazprom amid the conflict.

2 years ago·United Kingdom

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The Independent

Shell pulls out of energy investments in Russia over war

Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise

2 years ago·London, United Kingdom

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Reuters

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 following Moscow's invasion of Ukraine.

2 years ago·United Kingdom

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Associated Press News

Shell pulls out of energy investments in Russia over war

Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

2 years ago·United States

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abc News

Shell pulls out of energy investments in Russia over war

Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise

2 years ago·United States

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