A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
A host of oil and gas business leaders are lined up to attend at the 20th and largest edition of the Adipec conference, which gets under way in Abu Dhabi tomorrow.
Lukoil has completed the construction and commissioning of the fifth production well at its Vladimir Filanovsky field in the Caspian Sea - which could increase production by five million tonnes per year.
Russia’s privately held oil firm Lukoil has reached ten million tonnes of production at its two oil fields in the North Caspian.
Russian oil firm Lukoil has seen its profits rise in the first quarter due to higher revenue as a result of increased oil prices and sale volumes.
Investing in Russian oil has become a choice between cash or glory, and Lukoil PSJC looks like the richer side of the bet.
Russia's second top oil producer Lukoil hopes to reach a deal to develop two oilfields in Iran in April, the firm's chief executive has claimed.
Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping prices from rising much more, the Middle East head of Lukoil PJSC said.
Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies.
Russia’s top oil producers have supported the Kremlin’s plans for cuts to oil production, a news report said.
A vice-president at Lukoil said today that the Kremlin should compensate Russian oil companies for production cuts that could be enforced following this week’s Opec output deal, according to a news report.
Lukoil has sold its 100% stake in a joint stock company (JSC) that controls a diamond mine in the north of Russia for $1.45billion.
Lukoil has completed its drilling of the third well at an offshore field in the Caspian Sea.
Lukoil said commercial production has started at the Vladimir Filanovsky field in the Caspian Sea.
Lukoil said it has started production at the Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets Autononous District.
Lukoil said it is not ready to reduce its oil output but will join market stabilisation measures if Russia joins them.
Russia is delaying what would have been its biggest asset sale in a decade after plans were upended by renewed weakness in global oil markets and as two of the nation’s biggest crude producers expressed interest in the offering of shares in Bashneft.
Italian energy firm Eni is in talks with four companies over the sale of 20% of its Zohr gas field in Egypt, a news report said, citing unidentified banking sources.
The pioneers of the Russian oil and gas industry were honoured in a ceremony held in the oil region of Perm.
Crude is stabilizing around $50 a barrel and may only average $55 next year as the global oversupply continues to cap prices, according to two of the world’s top oil executives.
Lukoil, Russia’s second-largest oil producer, saw profit slump by 59% in the first quarter as oil prices declined to a 12-year low.
Lukoil PJSC, Russia’s second-largest oil producer, said profit fell 26 percent last year following a slump in crude prices and a change in accounting.
Russia could work with the Organization of Petroleum Exporting Countries on removing supply from the market if a political decision was taken to cooperate, OAO Lukoil Vice President Leonid Fedun said in an interview with state news agency Tass.
Russia’s second-largest oil producer Lukoil is leaving projects in Ivory Coast, the Interfax news agency reported on Friday. Lukoil has been operating in the Gulf of Guinea offshore Ivory Coast since 2006 and is operator of the offshore exploration projects at the CI-401, CI-205 and CI-504 blocks, according to website of its subsidiary www.lukoil-overseas.com.