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Shah Deniz gas project : Lukoil to increase stake in $2.25bn deal

By Pallavi Madhiraju on October 10, 2021 Energy Industry News

Lukoil signed a deal worth $2.25 billion with Malaysian oil and gas company Petronas for acquiring an additional stake of 15.5% in the Shah Deniz gas project. The Russian oil and gas company will be able to increase its stake in the offshore gas project from 10% to 25.5% through the deal. Energy giant BP […]

Lukoil, Gazprom Neft to jointly develop Yamal-Nenets oil and gas cluster

By Pallavi Madhiraju on September 16, 2021 Energy Industry News

Russian energy giants Lukoil and Gazprom Neft will form a joint venture (JV) to develop a significant oil and gas cluster in the Nadym-Pur-Tazovsky region of the Yamal-Nenets autonomous district in Russia. The JV will be headquartered at Meretoyakhaneftegaz, a subsidiary of Gazprom Neft. The Tazovskoye oil and gas condensate field, which began production in […]