VNG: "The Ukraine war marks a turning point for VNG," said Ulf Heitmüller, the visibly tense VNG CEO, opening the company's annual press conference. VNG, like probably no other energy company at the moment, was linked in partnership with Russia and…
Shell's announcement on March 8 that it was pulling out of its oil and gas business in Russia has led to write-downs of billions of euros at the energy company. Shell said in an updated outlook for the first quarter of 2022 that the withdrawal from…
The question of who owns Gazprom Germania (GPG) and what the consequences are took on bizarre features in the first days of April. If the GPG Group did not include companies of great importance to the German gas market, it could be dismissed as a…
Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…
