Lukoil’s decision, which is permitted under its contract, offers legal protection from penalties for failing to fulfil its ...

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

By bna Cairo & bnm Gulf bureaus Russian oil company Lukoil has declared force majeure on operations at Iraq's West Qurna-2 ...

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

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

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

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

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

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 ...

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

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

Lukoil has declared force majeure at the West Qurna-2 oilfield in Iraq due to Western sanctions impacting its operations, ...