Cairn sells Sangomar stake to Lukoil
Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in a licence offshore Senegal.
Lukoil
Aker Energy rethinks Pecan for a lower cost
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).
Lukoil signs Sonatrach MoU
Algeria’s Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil, following a number of similar agreements.
Total, Chevron terminate Valaris rigs off Angola
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Yinson to supply FPSO to Aker Energy
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Eni makes oil discovery off Mexico of up to 300million barrels
Italian operator Eni has announced a new oil discovery off Mexico with up to 300million barrels in place.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Aker Energy CEO out
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 eyes the clock on Etinde
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
Equatorial Guinea dishes out licences
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.
ADNOC goes for gas
Innovation and new approaches are dominating ADNOC’s drive for new sources of gas.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Lukoil signs up for Ghasha work with ADNOC
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.
Adipec 2017: Abu Dhabi welcomes oil glitterati to bumper event
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 completes construction of new production well
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.
Lukoil reaches Caspian produced oil milestone
Russia’s privately held oil firm Lukoil has reached ten million tonnes of production at its two oil fields in the North Caspian.
Lukoil reports increase in profits
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.
Lukoil outdoes rivals with offer of rising dividends
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 Lukoil eyeing up Iran oil fields under rule change
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.
Lukoil’s Middle East head sees oil at $55-$65 a barrel on cuts
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.
Lukoil appoints new VP for sales after Rosneft contract wins
Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies.
Russian oil producers support output cuts
Russia’s top oil producers have supported the Kremlin’s plans for cuts to oil production, a news report said.
Lukoil chief wants Kremlin to compensate firms for output cuts
A vice-president at Lukoil said today that the Kremlin should compensate Russian oil companies for production cuts that could be enforced following this week’s Opec output deal, according to a news report.
Lukoil sells Russian diamond mine for $1.45bn
Lukoil has sold its 100% stake in a joint stock company (JSC) that controls a diamond mine in the north of Russia for $1.45billion.