Lukoil completes drilling of third well in Caspian Sea
Lukoil has completed its drilling of the third well at an offshore field in the Caspian Sea.
Lukoil
Putin launches commercial production from Lukoil Caspian Sea field
Lukoil said commercial production has started at the Vladimir Filanovsky field in the Caspian Sea.
Lukoil kick starts production from Pyakyakhinskoye field
Lukoil said it has started production at the Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets Autononous District.
Lukoil not ready to reduce oil output – reports
Lukoil said it is not ready to reduce its oil output but will join market stabilisation measures if Russia joins them.
Russia pushes back $5bln Bashneft privatisation
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.
Eni in talks with quartet over Egyptian asset sale – report
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.
Pioneers of Russian oil industry honoured
The pioneers of the Russian oil and gas industry were honoured in a ceremony held in the oil region of Perm.
Oil bosses see volatility easing with crude around $50
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 feels the pinch from crude price slump
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 full-year profit declines 26% after crude-oil prices drop
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 OPEC on supply, Lukoil’s Fedun tells Tass
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.
Lukoil said to be leaving Ivory Coast projects
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.
Lukoil tops 100 million tonnes oil production in 2015
Russian oil company Lukoil has hit a new production milestone after topping 100 million tonnes of oil annually for the first time.
Lukoil produces 30 million tonnes of oil from Iraq field
Russian oil company Lukoil has hit landmark figures for oil production from its West Qurna-2 field in Iraq.
Russia refocuses energy position as it looks to the Americas
Russian oil companies have been refocusing their international positions through the acquisition of exploration and production assets away from the country. Analysis from the research and consulting firm GlobalData has found countries in the Americas have been providing a number of potential partnerships in the long term.
Russian oil output close to record level ahead of OPEC meeting
Russian oil output in November hovered near a post-Soviet record set the previous month, shrugging off a crude-price slump before OPEC gathers for its biannual meeting in Vienna.
Lukoil profits tumble as oil price slump bites
Lukoil, Russia’s second largest oil producer, said third-quarter profit dropped 62% after crude prices fell amid the global supply glut.
Lukoil plans to sign oil accord in Iran after tax-law changes
Lukoil PJSC, Russia’s second-largest oil producer, plans to sign a deal on exploration and production with Iran following changes in the Persian Gulf nation’s tax laws. Vagit Alekperov, Lukoil’s billionaire chief executive officer, said he plans to meet with Iran’s Oil Minister Bijan Namdar Zanganeh when the Organization of Petroleum Exporting Countries gathers in Vienna in December.
Lukoil produces 30 billion cubic metres of gas in Uzbekistan
Russia's Lukoil has revealed it has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan.
Lukoil sells stake in Caspian to Sinopec for $1billion
Russian producer Lukoil has sold its 50% share in Caspian Investments Resources to China's Sinopec for $1.08billion.
Iraq PM visits oilfield where locals harass Lukoil
Iraq's Prime Minister Haider al-Abadi visited the supergiant West Qurna-2 oilfield on Tuesday after the state-run South Oil Company warned output could be affected unless protests by locals demanding jobs were defused. The SOC last week sent a report to the oil ministry asking it to defuse protests by villagers and residents of areas near some of the southern fields where most of Iraq's crude is produced, including West Qurna-2. Hundreds of locals recently blocked some entrance to Iraq's giant southern West Qurna-2 oilfield, operated by Russia's Lukoil, demanding jobs in a sign of the growing challenges facing foreign firms operating in the south.
Lukoil hits five million tonnes of oil from Caspian field
Russian producer Lukoil has passed the five million tonnes (38.6 million barrels) mark in oil production at the Yuri Korchagin field in the Caspian Sea.
Lukoil eyes Eastern Siberia after winning licence
Lukoil has been awarded the rights to develop the Vostochno-Taimyrsky block in Eastern Siberia. The win comes as the company as the company battles allegations of money laundering at its Petrotel refinery in Romania.
Lukoil borrows $1billion for Asian gas project
Lukoil has agreed a $1 billion dollar loan agreement with a consortium of banks to ensure the company’s participation in the next stage of giant Shah Deniz gas field development in Azerbaijan.
Romania indicts Lukoil’s Petrotel refinery for money laundering
Romanian prosecutors have indicted Russia's Petrotel Lukoil refinery in Romania and its director-general, who is a Russian citizen, in a 2 billion euro criminal probe, prosecutors said in a statement on Monday.