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Monday, August 24, 2026

Caspian Sea

Ukraine strikes Lukoil offshore oil platforms in Caspian Sea- oil and gas 360

Ukraine strikes Lukoil offshore oil platforms in Caspian Sea

January 12, 2026

(World Oil) – Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort. The platforms, V. Filanovsky, Yuri Korchagin, and Valery Grayfe, sustained direct hits, the General Staff of the Armed Forces of Ukraine said on its Telegram channel. The

Oil majors win $4.2 billion environmental dispute in Kazakh court- oil and gas 360

Oil majors win $4.2 billion environmental dispute in Kazakh court

August 4, 2025

(World Oil)– Partners in Kazakhstan’s second-largest oil field won a case in a local court over environmental fine that could have exceeded $4 billion, the venture said. Kazakhstan previously sought to fine the Kashagan oil field venture partners for about 2.3 trillion tenge, or $5.1 billion at the time but $4.2 billion at current exchange rates. “We welcome the Appellate Court’s decision

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