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Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)

Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)

This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who…

ExxonMobil to Close Out Russian Operations; Make No Further Investments

ExxonMobil to Close Out Russian Operations; Make No Further Investments

ExxonMobil will close out its Sakhalin-1 project in Russia in response to the country's invasion of Ukraine. Exxon held a 30% stake in the project. The company will…

TotalEnergies Will Make No New Investments in Russia

TotalEnergies Will Make No New Investments in Russia

TotalEnergies will be making no new investments in Russia due to the country's invasion of Ukraine, but fell short of cancelling existing agreements and projects in the region.…

Equinor to Exit Russian JVs, Halt New Investments in Country

Equinor to Exit Russian JVs, Halt New Investments in Country

Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…

Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline

Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline

The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream…

Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board

Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board

The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer…

Gazprom, Repsol Join Forces to Develop Russian Prospect

Gazprom, Repsol Join Forces to Develop Russian Prospect

Gazprom and Repsol have signed an MOU for a JV focused on Russia's Khanty-Mansiysk Autonomous Okrug-Yugra area. The companies will be purchasing and developing licence blocks in the…

Eni, Gazprom Ink MOU for Russian Gas / LNG Development

Eni, Gazprom Ink MOU for Russian Gas / LNG Development

Gazprom CEO Alexey Miller and Eni S.p.A. CEO Claudio Descalzi signed a Memorandum of Understanding.

BP Planning Billions in Sales for 2016; Talks Spending Outlook

BP Planning Billions in Sales for 2016; Talks Spending Outlook

BP reported its results for the full year and fourth quarter of 2015.

Gazprom Drills Longest HZ Well in Russia's Yamal Peninsula

Gazprom Drills Longest HZ Well in Russia's Yamal Peninsula

Gazprom Neft embarked on the fulfilment of a major development drilling programme at the Novoportovskoye field in June 2014.

Russia Rig Data: August 15, 2026

Russia Overview

Covering an exceptionally large area, the Russian Federation is home to a large amount of shale reserves. The formation with the most potential is the country's Bazhenov oil shale.

According to analysts, the shale is 80 times larger than the Bakken shale in the United States. Numerous companies, including industry heavyweight ExxonMobil, have expressed interest in unlocking unconventional resource potential in Russia.

Russia Transactions By Quarter ($MM)