OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
BP has started up gas production at the Raven field, offshore Egypt.
Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
The insidious nature of National Socialism in Germany between 1933 and 1945 meant its impact was felt across society, from the dinner table to the boardroom.
Wintershall DEA will “rely” on remote working as the norm once the Covid-19 pandemic is over.
Wintershall's chief executive Mario Mehren said the explorer will invest EUR 4.4billion in its oil and gas activities by 2021.