LUKOIL: Board of Directors Summarises Company 2015 Preliminary Performance and Sets Priorities for 2015
The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term. In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the …
LUKOIL: Sends Official Letter to the Ukrainian Security Service
The OAO LUKOIL Press Service announces that the company has sent an official letter to the Ukrainian Security Service’s Main Investigation Department laying out LUKOIL position as regards the current situation around its operations in Ukrainian territory. The letter says, among other things, that LUKOIL entered the international arena more …
Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft. Consolidation …
LUKOIL Agrees to Sell Its Interest in National Oil Consortium
OAO LUKOIL and OAO Rosneft Petroleum Company signed a package of legally binding documents regarding the sale of LUKOIL’s interest in OOO National Oil Consortium (NOC), in Moscow today. LUKOIL intends to sell its 20% stake in the authorized capital of the NOC, established by Russian oil companies in October …
Russian Drilling Market: A Paradigm Shift
In all likelihood, the year 2014 will go down on record as a turning point for the Russian drilling market. New trends have been seen on this market for the first time in several years, i.e. a decline in the scope of total drilling instead of growth that was recorded …
Lukoil: 9M Results – Income Up 7% yoy
LUKOIL has published consolidated US GAAP financial statements for the nine months of 2014. EBITDA1 (earnings before interest, taxation, depreciation and amortization) in the nine months of 2014 increased by 5.9% to $15,475 million. The Company’s net income in the nine months of 2014 amounted to $5,742 million. Sales revenues …
Eurasia Drilling Company: Results Pleasing in – Challenging Market Environment, High Geopolitical Tensions,Declining Oil Prices and Weakening Ruble
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the nine months ending September 30, 2014. The financial data is based on management assessment only and has not been reviewed by external auditors. NINE MONTHS 2014 …
LUKoil Presents Corporate Development Program For Northwestern Federal District
OAO LUKOIL presented the indicators of its production and social performance, as well as a Corporate Development Program for the Northwestern Federal District (NWFD), in St. Petersburg today. Among those present were Vladimir Bulavin, the Russian Federation President’s envoy to the district, and LUKOIL President Vagit Alekperov. The key performance …
Lukoil Brings the Imilorskoye Field in Western Siberian Into Operation
Arkady Dvorkovich, Deputy Chairman of the Russian Federation Government, and Vagit Alekperov, OAO LUKOIL President, participated in the official commissioning of Imilorskoye Field today. As part of the operations at the Imilorsko-Istochny license block, construction has thus far included several dozen kilometers of pipelines, site-access roads, power-transmission lines, a 74-meter …
Lukoil Evaluating JV with Total on Unconventional Fields in Light of Sanctions
The chief executive of Russia’s top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France’s Total. The United States has imposed sanctions on leading Russian energy companies including Gazprom, Rosneft and Lukoil, preventing U.S. firms from supporting …