Saturday, May 17, 2025
Energy Services Agreement celebrates first year of operation- oil and gas 360

Energy Services Agreement celebrates first year of operation

World Oil Offshore Energies UK, a trade body for the UK’s integrating offshore energy industry, celebrated the first anniversary of the ground-breaking Energy Services Agreement (ESA). The ESA is a collective bargaining agreement that sees the signatory companies commit to creating a safe, productive, and engaged workforce across their areas of operation. The employer and trade union signatories take the

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies- oil and gas 360

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

CNBC Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues. Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the Sakhalin island in Russia, as well as a 50% interest in Salym Petroleum Development N.V., “a joint venture with Gazprom Neft

Exxon faces new pressure over dealings with Russia's Rosneft- oil and gas 360

Exxon faces new pressure over dealings with Russia’s Rosneft

Yahoo Finance HOUSTON – Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent. BP on Sunday said it would