The CO2 can then be stored underground or piped to petroleum wells to help extract oil. Bonus funds in Biden’s IRA are now available to prove this experimental technology is viable. Currently the ...

A huge blaze has erupted at an oil refinery in a Russian town that was hit by Ukrainian drones earlier this year. Footage shows a fire raging at the industrial site in Kstovo, around 500 miles ...

Apart from Lukoil, the other stakeholders in the asset are Italian energy major Eni with a 25% stake, and Thailand’s PTTEP Holding, which holds a 10% interest. The Ghasha concession consists of the ...

Oil prices climbed about 2% on Tuesday to a two-week high as persistent geopolitical tensions between Russia and Ukraine, and the U.S. and Iran looked set to keep sanctions on both OPEC+ members ...

Lukoil increases its stake to 10% (having first acquired a 5% stake in 2019), alongside partners Eni (10%) and PTTEP (10%) (OGJ Online, Oct. 15, 2019; June 17, 2024). About the Author Mikaila ...