LUKOIL and Nornickel Registered an Oil Production Company in Novy Urengoy
Structures of LUKOIL and Nornickel created a company in the Yamalo-Nenets Autonomous Okrug for the production of oil and associated petroleum gas – Vareineftegaz LLC. According to the Unified State Register of Legal Entities, Vareineftegaz LLC was registered on September 28 in Novy Urengoy, the authorized capital is 200 million …
LUKOIL Promises to Preserve Jobs in Komi After Merging Its Subsidiaries
Lukoil-Perm will retain tax contributions to the budget of the Komi Republic and jobs after the takeover of Lukoil-Komi. This was stated by the head of Komi Vladimir Uyba at a meeting of the republic’s Coordination Council for Strategic Management. “There will be no fundamental changes,” noted Deputy Chairman of …
KazMunayGas and Lukoil Have Formed an Operator for a Joint Project
The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …
LPG Exports are Declining, Associated Gas Flaring is Growing
The Ministry of Energy and the Ministry of Natural Resources are ready to return to discussing the deferment from paying increased fines for excess flaring of associated petroleum gas (APG) only at the beginning of 2023. This was reported by Kommersant. The law allows flaring only 5% of APG production. …
Reagent From KFU “Lightened” Heavy Oil Directly in the Reservoir
The third injection of aquathermolysis catalyst was carried out for RITEK in the Samara Region. Scientists from the Institute of Geology and Petroleum Technologies (IGiNT) of Kazan Federal University conducted the third injection of the UniKat oil aquathermolysis catalyst at a field in the Samara Region. The news agency “Devon” …
KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating
KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …
LUKOIL-Komi Will be Abolished After Joining LUKOIL-Perm
LUKOIL decided to reorganize 2 of its production subsidiaries by merging LUKOIL-Komi with LUKOIL-Perm. The corresponding decision was made on July 24, 2023, according to the Fedresurs portal. As the message notes: after completion of the reorganization in the form of a merger, LUKOIL-Perm will continue to operate, LUKOIL-Komi will …
Sierra Leone Welcomes Lukoil’s Participation in Field Development
Freetown would be happy about Lukoil’s participation in the development of oil fields in Sierra Leone, Mohamed Yongavo, the republic’s ambassador to Russia, told RIA Novosti. “You can’t do business in oil production, ignoring the existence of Lukoil or Rosneft. We would be happy to have Lukoil involved in oil …
LUKOIL Included in Top Sustainability Ratings
LUKOIL is in top 30 of the World Benchmarking Alliance’s Oil and Gas Benchmark – an international climate and energy benchmark that measures and ranks the efforts of the world’s 100 largest oil and gas companies, assessing their climate policies compliance with the Paris Agreement goals to limit the increase …
Geological Risk on the Shelf of Kazakhstan Has Materialized
LUKOIL and KazMunayGas did not find oil in the Zhenis area. KazMunayGas did not find any hydrocarbons while drilling an exploration well within the framework of the Zhenis project on the shelf of Kazakhstan. However, the results of the work helped to clarify information about the structure of the subsoil …