U.S. Eases Restrictions to Facilitate Potential Sale of Lukoil’s Foreign Assets
The US Treasury issues licenses to allow the sale of Lukoil's foreign assets and exempts Bulgaria's Burgas refinery from sanctions to safeguard partner energy security.
Sanctions | Egypt Oil & Gas - Part 2
Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses
Lukoil’s sale to Gunvor is blocked by the US Treasury, raising pressure as the Nov 21 sanctions deadline nears. Industry analysts predict Lukoil may be compelled to sell its international assets at deep discounts ...
Lukoil to Sell International Assets after New Sanctions Imposed
Russian oil giant Lukoil plans to sell its international assets following the imposition of new restrictive measures against the company and its subsidiaries. Lukoil has begun reviewing bids from potential buyers ...
U.S, EU Tighten Pressure on Russia with Oil, LNG Sanctions
U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with Preside ...
Russia’s Economy Ministry Expects $337.5B in Energy Export Revenue
According to a document from the Russian economy ministry, higher gas export volumes coupled with increasing gas prices will increase Russia's energy export revenue to $337.5 billion this year, up 38% from 2021.
Russian Oil Supply to Plummet to Double in May
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
OPEC+ Commits to Modest Production Increase Despite Western Pressure
In a meeting that took place today, OPEC+ decided to stick to its agreed plan to ramp up oil production to 432,000 barrels of per day (bbl/d) in May, Al Sharq reported.
Chevron Examines State of Black Sea Export Terminal in Russia
US oil giant Chevron stated that it is currently in the process of assessing the state of a Black Sea port’s export terminal after Russian claims that it may have faced storm damage, according to Reuters.
Baker Hughes Suspends New Investments in Russia
Baker Hughes has announced that it has halted its new investments in Russia due to its invasion of Ukraine.
Shell Intends to Withdraw from Russian Oil, Gas
Shell announced that it intends to withdraw from its all-hydrocarbons business in Russia including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner aligned with new government ...
