Lukoil is considering splitting its oil-trading unit and selling a refinery in Italy as it seeks to limit the impact of sanctions and a forthcoming European Union embargo on Russian crude.
Aker Energy has six weeks to submit a plan of development for its Pecan project, offshore Ghana, while facing challenges over Russian Lukoil's involvement.
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Russiaโs second-largest oil producer Lukoil PJSC said Chief Executive Officer Vagit Alekperov will resign, in the latest sign of growing pressure on the nationโs energy industry since the invasion of Ukraine.
Eni has announced a trio of discoveries in Egyptโs Western Desert, shortly after agreeing to expand gas supplies to Europe from the North African state.
The board of Russiaโs second-largest oil company, Lukoil, has called for an end to conflict in Ukraine as its shares collapse amid ongoing divestments from the Russian energy sector.
Australiaโs FAR did not exercise its right to pre-empt the sale of Cairn Energyโs stake in the Sangomar field, as the company works to find a buyer for its own interest.
Aker Energy has reiterated its commitment to Ghanaโs Pecan field, although not going so far as to commit to timing on a final investment decision (FID).