Page 245 - Shell Plc News Today

Big Oil Walks Away After Decades in Russia

Selling shares on the open market will not be an easy task on the back of sanctions that make Russia an economic pariah.

Brent for May settlement gained 2.1% to $100.05 a barrel on the ICE Futures Europe exchange.

British multinational oil and gas company Shell Plc has decided to exit all joint ventures with Russian gas giant Gazprom. This includes its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, and its 50 percent stake in the Salym Petroleum Development. “We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of

(Bloomberg) -- Oil steadied as investors focused on the possible release of strategic crude reserves by the U.S. and its allies to ease supply fears after Russia was slapped with more sanctions over its invasion of Ukraine. Futures in New York dipped in early trading after surging 4.

TotalEnergies SE has held talks with the French government over its continuing operations in Russia

The List of Foreign Companies Pulling Out of Russia Keeps Growing

For some, cutting ties with Russia marks the end of more than three decades of investment there following the collapse of the Soviet Union in 1991.

For some, cutting ties with Russia marks the end of more than three decades of investment there following the collapse of the Soviet Union in 1991.

The British company is dumping the holding after coming under growing pressure from the U.K. government.