Cairn Energy has abandoned plans to sell its stake offshore Senegal to Lukoil, abiding by Woodside Energy’s pre-emption.
Australia’s FAR did not exercise its right to pre-empt the sale of Cairn Energy’s stake in the Sangomar field, as the company works to find a buyer for its own interest.
Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in a licence offshore Senegal.
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
Algeria’s Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil, following a number of similar agreements.
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Italian operator Eni has announced a new oil discovery off Mexico with up to 300million barrels in place.
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
CEO Jan Arve Haugen of Ghana-focused Aker Energy has resigned, replaced in the interim by Svein Jakob Liknes, who was the company’s head of operations. Changes are also being made to the company’s board.
Reuters DecomWorld confirm over 30 international E&P’s to Join 12th annual decommissioning summit in Houston, 2020
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
Equatorial Guinea has preliminarily awarded nine blocks in its EGRonda 2019 licence round, announcing the results at the Gas Exporting Countries Forum (GECF) under way this week in Malabo.
Innovation and new approaches are dominating ADNOC’s drive for new sources of gas.
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
A host of oil and gas business leaders are lined up to attend at the 20th and largest edition of the Adipec conference, which gets under way in Abu Dhabi tomorrow.
Lukoil has completed the construction and commissioning of the fifth production well at its Vladimir Filanovsky field in the Caspian Sea - which could increase production by five million tonnes per year.
Russia’s privately held oil firm Lukoil has reached ten million tonnes of production at its two oil fields in the North Caspian.
Russian oil firm Lukoil has seen its profits rise in the first quarter due to higher revenue as a result of increased oil prices and sale volumes.
Investing in Russian oil has become a choice between cash or glory, and Lukoil PSJC looks like the richer side of the bet.
Russia's second top oil producer Lukoil hopes to reach a deal to develop two oilfields in Iran in April, the firm's chief executive has claimed.
Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping prices from rising much more, the Middle East head of Lukoil PJSC said.
Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies.
Russia’s top oil producers have supported the Kremlin’s plans for cuts to oil production, a news report said.