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2014-05-01 18:58:00

SHELL & RUSSIA: WON'T JUMP

SHELL & RUSSIA: WON'T JUMP

Oil majors are beginning to grow cool on new projects in Russia as U.S. and EU sanctions over Moscow's actions in Ukraine make investment increasingly risky and after the Kremlin's threat to review the West's role in Russia's energy industry, the world's largest.

"I don't think we will be jumping into new investments in the short term," Royal Dutch Shell's chief financial officer Simon Henry told a conference call on Wednesday.

The United States and the European Union imposed more sanctions on Russia this week as part of their drive to put pressure on Moscow for the annexation of Crimea and what they see as…

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Tags: SHELL, RUSSIA, BP, ROSNEFT, GAZPROM, TOTAL
Chronicle:
SHELL RUSSIA: WON'T JUMP
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7TH MOZAMBIQUE MINING, OIL & GAS AND ENERGY CONFERENCE AND EXIBITION
Since 2008 MMEC has been covering the key developments, policies and projects in Mozambique’s extractive industries. It has become an important networking platform for all stakeholders by showcasing the huge opportunities in the Mining, Energy and Oil & Gas sectors and their ramification on the national economy.
SHELL RUSSIA: WON'T JUMP
2021, January, 21, 14:10:00
U.S. NUCLEAR DEVELOPMENT
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SHELL RUSSIA: WON'T JUMP
2021, January, 21, 14:05:00
ENERGY TRANSITION INVESTMENT $500 BLN
In 2020, global investment in the low-carbon energy transition totalled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010.
SHELL RUSSIA: WON'T JUMP
2021, January, 21, 14:00:00
AKER, MAINSTREAM ACQUISITION €900 MLN
Mainstream Renewable Power is the largest independent developer in Chile and has significant assets in Africa.
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2021, January, 21, 13:55:00
AUSTRALIA'S SANTOS PRODUCTION +18%
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TC ENERGY DISAPOINTED
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SHELL RUSSIA: WON'T JUMP
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OIL PRICE: ABOVE $56 ANEW
Brent was up 42 cents, or 0.8%, to $56.32. WTI climbed 51 cents, or 1%, to $53.49.
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