Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine, the U.S. Treasury had given Lukoil until February 28 to sell its global portfolio.The sale, if it goes through, would end the foreign expansion of Lukoil…
Mexican conglomerate Grupo Carso, controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday.In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million…
The U.S. Treasury Department on Wednesday extended a license by more than a month - until February 28 - for companies to talk with Russian energy company Lukoil about buying its foreign assets.President Donald Trump imposed sanctions on Lukoil and Rosneft…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024…
Ukrainian drones struck an oil rig belonging to Russia in the Caspian sea for the first time, halting the facility's extraction of oil and gas, a source in Ukraine's SBU security service told Reuters on Thursday.The source said SBU drones hit the Filanovsky oil rig…
Moscow and Beijing have been discussing ways to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak said on Tuesday.China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022…
Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.In October…
Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed.The U…
Russian energy group Lukoil's foreign empire is suitor Gunvor's biggest acquisition target to date but looks far beyond the Swiss trader's borrowing capacity, bankers and insiders say.Lukoil launched the sale of foreign assets on October 27 after coming under fresh U…
Kazakhstan's state energy company KazMunayGaz has raised its production forecast for the Kashagan and Karachaganak oilfields this year to 18.25 million metric tons (mmt) and to 11.2 mmt respectively, it said on Tuesday.The previous forecast for Kashagan was 17…
TotalEnergies reported a 2.4% drop in third-quarter earnings on Thursday, meeting expectations as the French oil major raised upstream production and achieved improved crude refining margins to help offset lower oil prices.Adjusted net income slipped to $4…
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