Romania’s OMV has concluded the sale of its 5% stake in the Ghasha concession to Lukoil Gulf Upstream for $594m (2.63bn lei).

BP-led consortium commits $2.9 billion to expand Azerbaijan's Shah Deniz field to access low-pressure gas reserves in the ...

The owners of the Shah Deniz gas field in the Azeri Caspian Sea led by BP made a final decision to invest $2.9 billion in ...

BP said the Shah Deniz consortium took a final investment decision to spend $2.9B to advance a new compression project at the ...

The EU is now preparing its 18th package of sanctions against Russia, and Lithuania is demanding that it be like a "Molotov ...

OMV AG sold its stake in a $20 billion natural gas concession off Abu Dhabi to Russia’s Lukoil PJSC, exiting a project once ...

Absolutely. It’s a problem. And it doesn’t just erode trust in our sanctions — it undermines confidence in all our measures ...

The attack on Kharkiv comes one day after Russia launched one of the fiercest barrages on Ukraine, striking six Ukrainian ...

On Saturday, June 7, a large-scale fire broke out in the town of Kstovo in Russia's Nizhny Novgorod region. One of the oil ...

German Chancellor Friedrich Merz, together with the leaders of France and the United Kingdom, promised to impose tough ...

Turkey-based tanker operator Palmali lost on Friday its London lawsuit against the trading arm of Russian oil producer Lukoil ...

BGN trades 50mln metric tons of commodities annually with a "double-digit billion-dollar" turnover, according to its website ...