Courtesy Lukoil

Lukoil discovers Caspian Sea gas field

Feb. 7, 2023
Lukoil has proven a large new gas-condensate field in the Russian sector of the Caspian Sea.


Photo 157093581 © Svershinsky |
Iran And Russia
Photo 136003517 © Pichit Boonhuad |
Offshore Technician
Photo 97864026 © Marko Bukorovic |
Black Sea
Photo 128817239 © Evgeniy Parilov |
Photo 29115315 © Denis7563 |
North Sea Dreamstime M 29115315
North Sea & Europe

OEUK says it will work with UK government to phase out Russian oil

March 9, 2022
Time period designed to allow British industries to adjust supply chains.
ID 120426320 © Artem Egorov |
Oil Barrels Dreamstime M 120426320
Oil Prices

Crude oil jumps as much as 7% on US ban of Russian imports

March 8, 2022
West Texas Intermediate reaches $128 per barrel.
Courtesy IOG
North Sea & Europe

IOG terminating North Sea gas deal with Gazprom subsidiary

March 2, 2022
IOG is changing its gas sales arrangements for the Saturn Banks project in the UK North Sea following developments in Ukraine.
Courtesy Nord Stream 2 AG
Nord Stream2 619536193db56

Wintershall Dea writing off Nord Stream investment

March 2, 2022
Wintershall Dea has decided not to advance or initiate any further gas and oil production projects in Russia, following events in Ukraine.
Courtesy Sakhalin Energy
The PA-B production platform offshore Sakhalin, eastern Russia.

Majors start process of exiting Russian E&P

March 2, 2022
A number of international operating companies have announced plans to divest their interests in Russian oil and gas projects in response to Russia’s invasion of Ukraine.