Shell

Shell sells Russia's retail business to Lukoil

Shell sells Russia's retail business to Lukoil

Russia's second-largest oil producer Lukoil will buy Shell's Russian retail and lubricants businesses, the companies said on Thursday. The deal includes 411 retail stations, mainly located in the Central and Northwestern …

Shell to stop buying Russian crude oil

Shell to stop buying Russian crude oil

UK-Dutch petroleum giant Shell announced on Tuesday its intention to gradually withdraw from all oil and gas projects in Russia, adding it will stop all spot purchases of Russian oil as a first step. "Shell plc (Shell) today …

Shell exits Nord Stream 2

Shell exits Nord Stream 2

Oil and gas concern Shell will not participate in the Nord Stream 2 project, the company announced. "The Board of Shell plc ("Shell") today announced its intention to exit its joint ventures with Gazprom and related …

Russia makes first delivery of carbon-neutral LNG to Europe

Russia makes first delivery of carbon-neutral LNG to Europe

Russian energy giant Gazprom said on Monday it had delivered its first carbon-neutral shipment of liquefied natural gas (LNG) to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting …

Poland fines Gazprom $57 million over Nord Stream 2

Poland fines Gazprom $57 million over Nord Stream 2

Poland’s anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) for lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project. Poland sees Nord Stream …

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion to Kazakhstan to settle a profit-sharing dispute, Kazakhstan's Energy Ministry said. Kazakhstan and the consortium led by Shell and Eni will also …

 Iran qualifies foreign companies for oil and gas tenders

Iran qualifies foreign companies for oil and gas tenders

Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions.  The …

Iran increases oil sales to BP and Shell

Iran increases oil sales to BP and Shell

Iran has increased its sales of crude oil as well as condensate to global energy giants Shell and BP, the Director for International Affairs of the National …

Shell to pay debt to Iran

Shell to pay debt to Iran

The National Iranian Oil Company (INC) and the Anglo-Dutch Royal Dutch Shell have reached an agreement on the procedure for repayment of the debt to Iran of $2.3 billion for oil that had been …

Tehran to receive Shell's debt after lifting of sanctions

Tehran to receive Shell's debt after lifting of sanctions

The UK Exchequer has agreed to settle a debt of $3 billion owed by the giant oil company Shell to Tehran as soon as sanctions are lifted, Iranian Deputy Minister of Economy Mohammad Khazaei said. Iran’s entire …