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Finnish oil firm Teboil changes hands as Lukoil sells assets to Gunvor

- It follows Russian firm's decision to sell its assets amid sanctions

10:18 General

LUKOIL to sell international assets to Gunvor

- Two parties agreed on the main terms of the deal

30.10.2025 General

US imposes new sanctions on Russia’s top oil firms over war in Ukraine

- 'Now is the time to stop the killing and for an immediate ceasefire,' says Treasury Secretary Scott Bessent

23.10.2025 Oil

Russia warns that UK sanctions will backfire

- New measures against Rosneft and Lukoil will ‘boomerang’ and harm ordinary Britons, says Russia’s London embassy

16.10.2025 Oil

Ukraine sanctions on Lukoil risk for refineries in Hungary, Slovakia : Fitch

- Broader, longer-term interruption of Russian supply could pose significant risk to refining operations, energy supply, says rating agency

25.07.2024 Oil

Hungary, Slovakia jointly initiate procedure against Ukraine over ban on Russian crude oil transits

- They requested European Commission to mediate consultation process with Kyiv, Hungarian foreign minister says, warning that if solution is not found, matter to be taken to international court

23.07.2024 Oil

Egypt to announce extension of oil concession with Russia’s Lukoil in Eastern Desert

Lukoil's 25-year development contract in area just expired, leading renewal decision

20.12.2023 Oil

Kazakhstan starts arbitration proceedings against oil majors over revenues

- Lawsuits have been filed in interest of people of Kazakhstan, says country’s energy minister

11.04.2023 Oil International Relations Middle East-Africa

Russian Lukoil receives approval for Iraqi Eridu oilfield development

-Company will cooperate with Japanese firm, Inpex, to produce 250,000 barrels per day

07.03.2023 Oil World Eurasia

US obtains warrant to seize $45M airplane owned by Russian energy firm

- Justice Department says Boeing aircraft flew into, out of Russia in violation of US sanctions against Moscow

01.09.2022 World Eurasia Americas

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Lukoil buys Shell’s retail and lubricants businesses in Russia

-Move is in line with Shell’s earlier announcement to withdraw from all businesses in Russia

12.05.2022 Oil News from companies World

President of Russian oil firm Lukoil resigns

- As of March 31, Alekperov holds 3.12% of voting shares in Lukoil

21.04.2022 Oil Eurasia

Lukoil increases its share in Shah Deniz gas field

- Gas from Shah Deniz is sold to Georgia and Turkey, and delivered to Europe since end of 2020

19.02.2022 Natural Gas Invesments International Relations Energy Projects Eurasia

Revenues of oil giants increase 46% in 1H21

- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises

13.09.2021 Oil News from companies World

Oil giants BP, Lukoil seek to exit Iraq: Iraqi Oil Minister

- BP’s presence in Iraq dates back to 1920s while Lukoil's investments began in 2014 in the country's West Qurna-2 field

05.07.2021 Oil News from companies World Middle East-Africa

Lukoil buys 50% share in offshore Area 4 Mexican hydrocarbon project

- Transaction is valued at $435 million, plus expenditures incurred in 2021 as of transaction completion date

05.07.2021 Finance Eurasia General

Eni merges concessions in Western Egypt

- Deal will unlock considerable resources, strengthening Eni's role as largest gas producer in Egypt

16.06.2021 Oil News from companies Middle East-Africa

Oil giants increase profits to $46 billion in Q121

- BP records highest year-over-year rise in profit

11.06.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

Russian Lukoil records nearly $2.1 billion profit

- Company had posted full-year 2020 earnings of $206 billion, down 98% compared to $8.7 billion in 2019

26.05.2021 Oil News from companies Europe

Revenues of oil giants decline 35.4% in 2020

- Royal Dutch Shell records highest year-over-year decline in revenue

26.03.2021 Oil World

Rosatom and Brazil exploring cooperation on rare earth elements

Will building nuclear power plants empower Africa or entrench foreign reliance?

Talks to revise S.Korea's nuclear energy pact with US to start soon: Seoul

Energy pacts to bolster Türkiye-US strategic partnership, expert says

Türkiye says power system strong amid European blackout

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

US to invest $625M to expand coal industry

Global consortium launches study on carbon capture hubs to support Asia's decarbonization

Global coal demand to remain on a plateau in 2025 and 2026: IEA

Türkiye says power system strong amid European blackout

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Spot market natural gas prices for Thursday, April 17

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Türkiye's LPG production up 5.14% in August

Türkiye paves way for Black Sea gas exports as LNG with regulatory overhaul

Energy pacts to bolster Türkiye-US strategic partnership, expert says

Greenpeace activists block LNG terminal in Belgium to protest imports from Russia, US

Türkiye to deploy AI in oil and gas exploration

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

Türkiye, Iraq begin talks on new oil transport deal

US oil rig count down by 8 for week ending May 23

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

US oil rig count up by 2 for week ending Sept. 5

US oil rig count down by 9 for week ending April 11

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Goldwind names Alper Kalayci, localization, supply chain manager in Türkiye

Nordex Group to install 90 MW wind power capacity in Türkiye

China's Dongfang plans $250M wind turbine plant in Türkiye

Europe to reach 441 GW of wind power by 2030

Türkiye, UAE advance $1B deal for Nigde solar power plant

QatarEnergy, Samsung C&T ink deal to build Dukhan solar power plant

Global solar set for record year after 64% growth in first half of 2025

Citicore secures $77M loan for 125-MWp solar project in Philippines

Hydropower gains new momentum as pumped storage accelerates globally

India launches $77 billion hydropower plan in Brahmaputra river

Türkiye's Orta Asya Investment Holding's hydropower project in Kyrgyzstan to support regional energy transformation

Türkiye's Yusufeli Dam supplies power to 2.5 million people annually

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Most countries fall short on updated climate plans: UN report

Venezuela suspends energy deal with Trinidad over US warship visit

Japan, US reveal 1st projects under Tokyo’s $550B investment package

Proposal submitted for 500-km green hydrogen pipeline linking Türkiye’s Aegean and Marmara regions

Türkiye aims to join top five global rare earth producers through international partnerships

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

Karpowership draws rising interest as it powers eight African nations

World Bank to continue financing new energy projects in Türkiye

Türkiye’s YEKA tenders set to draw $3.3B in renewables investment

Global offshore wind capacity hits 83 GW, powering 73 million homes

Türkiye's LPG production up 12.4% in March

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

Former Lithuanian FM warns Russia's shadow fleet threatens EU security

Turkmen natural gas set to reach Türkiye on March 1