Russia upstream news
US sanctions Russian oil majors
US sanctions Russian oil majors over Ukraine, reports Reuters.
OPEC+ not planning any talks on oil production plans, says Russia
In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.
Equinor has started the process of exiting the company’s joint ventures in Russia
Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations.
KCA Deutag suspends new investments in Russia
In a statement, Joseph Elkhoury, KCA Deutag's CEO, said the company had suspended all new investments in Russia and is evaluating its options relating to its Russian business.
Halliburton, Schlumberger and Baker Hughes suspend Russia operations
All three companies have said they will fulfil any existing activity in full compliance with applicable international laws and sanctions.
Equinor halts trading in Russian oil
Equinor will not enter any new trades or engage in transport of oil and oil products from Russia.
Plexus suspends activities with Russian licencee partner
The company has suspended activities with LLC Gusar as a result of the ongoing situation in Ukraine.
Shell announces exit from Russian joint ventures
At the end of 2021, Shell had around US$3 billion in non-current assets in Russia.
Equinor to exit joint ventures in Russia
At the end of 2021 Equinor had US$1.2 billion in non-current assets in Russia.
BP to relinquish stake in Rosneft
BP has held a 19.75% shareholding in Russian state-owned oil company Rosneft since 2013.