Iraq has approved a development plan for the Eridu oilfield submitted by Russia’s Lukoil in November 2021, opening the door for the Russian privately held oil producer to proceed to the development phase. Lukoil said […]
Bulgaria’s caretaker government and Lukoil Neftochim Bulgaria have agreed that it can continue operating and exporting oil products to the EU until the end of 2024, as long as it pays its taxes in full, […]
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of oil and gas supermajor Shell – have signed an agreement to sell Shell’s retail and lubricants business in Russia Shell Neft to Lukoil. […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
ENB Publishers Note: The King Operating Research team has forecasted $125 to $135 through 2023. This forecast is based upon several key indices around Russia and Saudi Arabia’s budget forecasts. Both budgets are based upon […]
Lukoil PJSC, Russia’s second-largest oil producer, has enough spare capacity to restore output to pre-pandemic levels, indicating that OPEC+ cuts haven’t had any significant impact on its production potential. The company has about 90,000 barrels a […]
Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks with the company […]
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