Russian oil and gas company, LUKOIL, has reached an agreement with Cairn Energy PLC to acquire a 40% interest in the RSSD (Rufisque, Sangomar and Sangomar Deep) project for a total of $300 million.
Russian multinational oil corporation, LUKOIL, has implemented an oil-associated gas utilization project at the Sredne-Nazymskoye field in KhMAO-Yugra.
The Russian company, LUKOIL, has commenced drilling of an exploration well at the Shirotno-Rakushechnaya prospect structure, located near to Grayfer field.
Algerian State run Sonatrach has signed a memorandum of understanding (MOU) with Russia’s Lukoil for possible future production and exploration in Algeria.
The Abu Dhabi National Oil Company (ADNOC) and PT Pertamina have signed an agreement to cooperate in oil and gas projects in the UAE and Indonesia.
Russia’s Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent
Italy’s Eni and Russian Lukoil will work with the Egyptian General Petroleum Corporation (EGPC) to build a natural gas processing facility in Egypt’s Western Desert.
Russia's Lukoil, in conjunction with local state-run Basra Oil Company, aims to double production from the West Qurna-2 oil field in Iraq to 800,000 barrels per day (b/d) by 2025.
Iraq has postponed its bidding session for 11 new blocks until April 25, the bidding round was originally planned to take place on April 15.
Russia will withdraw from the production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC) if oil prices remain at $70 per barrel for six months.
