RE: RE: The only way is up24 Mar 2022 11:05
This (from The Telegraph) is an example of sentiment in UK Oil and Gas now:
"Shell has said it will invest up to £25bn in the UK energy system over the next decade after cutting ties with the Kremlin over Russia’s invasion of Ukraine.
David Bunch, Shell’s UK country chair, said the company will spend between £20bn and £25bn, with 75pc of that on low-carbon products and services such as offshore wind, hydrogen and electric mobility.
It comes after Shell pledged to sell its stake in Rosneft, end its joint venture with Gazprom and stop work on the Nord Stream 2 pipeline.
The FTSE 100 company also said it will stop buying Russian oil and gas following a backlash over its decision to snap up a cargo of crude at a discount earlier this month.