Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies…
Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…
Two sources say oil boss fell to his death from windowCompany says he died after serious illnessLatest in series of sudden unexplained deathsThis content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine…
Norway's Aker Energy said on Wednesday it would postpone submission of a development plan for its Pecan oilfield off Ghana amid concern the project could face sanctions over the war in Ukraine due to the involvement of Russian oil firm Lukoil…
Perenco has moved a step closer to acquiring New Age's interests in the Etinde permit offshore Cameroon, and operatorship of the Etinde JV, after New Age's partners Bowleven and Lukoil chose not to exercise their pre-emption rights.The proposed deal was first announced on June 7…
Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven…
Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper.Western sanctions…
Shell in talks with Indian consortium to sell Russian LNG plant stake -sourcesShell seeks to sell 27.5% stake in Sakhalin-2 plantShell in talks with group of several Indian firms -sources Shell also seeking bids for LNG, oil supply contracts…
Following billionaire Vagit Alekperov's resignation as president and director of Russian oil major Lukoil earlier this week, the firm announced on Friday that Vadim Vorobyev would take over as interim president.Vadim Vorobyev currently serves as the first executive vice president of the company…
Russian oil giant Lukoil said Friday that Vagit Alekperov had resigned from his position as the President of Lukoil and from Lukoil's board of directors.'The respective notices of resignation were sent today to the chairman of the company’s board of directors…
The Russian assets of Norway's $1.3 trillion wealth fund, the world's largest, have become worthless following Russia's invasion of Ukraine and selling them as instructed by the government will take time, the fund's CEO said on Thursday.The…
Russian oil company Lukoil said Friday it had completed the acquisition of the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator's holding company. The proposed acquisition was first announced in July 2021…
Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…
Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.Bumi Armada said…
If the rest of December fails to yield any substantial finds, global oil and gas discoveries in 2021 will hit their lowest full-year level in 75 years, according to a Rystad Energy estimate.'As of the end of November, total global discovered volumes this year are calculated at 4…