Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its ...

Oil prices gained on Tuesday as fresh U.S. sanctions on Russian oil disrupted exports and prompted Lukoil to declare force ...

Russia’s Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, according to a person ...

Marathon Oil brought the case against its customer, Mercuria Energy America, over a $17.4 million invoice for damages.

BAGHDAD (Reuters) -Lukoil has declared force majeure at Iraq's giant West Qurna-2 oilfield, four sources with knowledge of ...

The swingeing US sanctions are biting hard and appear to be having a major effect on Russian oil production and sales.

Russian oil giant Lukoil declared force majeure at Iraq's 400,000-bpd West Qurna-2 oilfield following new U.S. sanctions, ...

ONGC Videsh, the overseas arm of Oil and Natural Gas Corporation, has lifted the Force Majeure on the multi-billion-dollar ...

Lukoil's West Qurna-2 project is in crisis after a force majeure declaration due to sanctions. Iraq freezes payments amid ...

Force majeure clauses in contracts help companies avoid liabilities from unforeseen events. COVID-19 led many firms to invoke force majeure due to disrupted operations. Investors must consider force ...

The development gains significance as the project is expected to ease the supply of LNG to India and enhance energy security.

A 53-month-long force majeure at Mozambique's giant LNG project, where Indian firms hold a 30 per cent stake, has ended, ...