Lukoil Announces the Completion of the Issuance of US$3 Billion of Eurobonds
LUKOIL announces the completion of the issuance of US$3.0 billion in Rule 144A/Regulation S notes. The offering consists of of 5-year US$1.5 billion of 3.416% notes and 10-year US$1.5 billion of 4.563% notes. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by OAO LUKOIL. OAO LUKOIL intends to …
Board of Directors of Lukoil Approves it’s Agenda for Annual General Shareholders Meeting
A traveling meeting of the OAO LUKOIL Board of Directors was held in Priolo (Sicily) today to make decisions regarding the 2013 Annual General Shareholders Meeting. Among other things, the Board of Directors resolved to hold this meeting on June 27, 2013, at 11.00 am at 11 Sretensky Boulevard, Moscow, OAO LUKOIL, Vega Building, conference hall. The record …
EDC Announces New LUKOIL Framework Agreement
Eurasia Drilling Company Limited announced today that it has signed a new long-term framework agreement for onshore drilling and completion operations with OAO LUKOIL. The new framework agreement, which concludes on December 31, 2015, defines pricing methodology and minimum work volumes (metres drilled) for exploration and production drilling in Russia. …
Eurasia Drilling Signs new LukOil Contract with Net Income Up 35%
Russia’s top oilfield services company Eurasia Drilling (EDC) said on Tuesday its 2012 net income jumped 35 percent, year-on-year, to $382 million on strong demand from oil firms fighting output declines at depleted fields. * Net income rises 35 pct to $382 mln in 2012 * EBITDA up 31 percent …
Hess Confirms Sale of Samara-Nafta to LukOil
Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90 percent interest in Samara-Nafta, total after tax proceeds to Hess are expected to amount to approximately $1.8 …
LUKOIL Acquires 100% OF Samara-Nafta
LUKOIL and the owners of ZAO Samara-Nafta signed a purchase and sale agreement for 100% of the shares of ZAO Samara-Nafta, the oil producing company in Samara and Ulyanovsk regions of the Russian Federation. The oil production rate comes to around 2.5 million tons of oil per year. The company …
LUKoil Net Income Reaches Record $11.0bn in 2012
LUKOIL has published consolidated US GAAP financial statements for 2012. The Company’s 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings before interest, taxation, depreciation and amortization) rose by 1.7% and reached $18,915 million. Sales revenues were $139,171 million (+4.1% y-o-y). The Company’s strict financial discipline …
LUKoil Top Management Continue Share Purchases
President Vagit Alekperov and Vice-president Leonid Fedun of OAO LUKOIL over the last two weeks made acquisitions in Company stock in the amount of 140,000 shares and 31,875 shares at market price, which amounted to RUR 281 million and RUR 63.7 million, respectively. As a result of the transactions, Vagit …
Board of Directors of Lukoil approved lists of candidates for election of the Board of Directors and the Audit Commission
The Board of Directors of OAO LUKOIL approved lists of candidates for election of the Board of Directors and the Audit Commission at the 2013 Annual General Shareholders Meeting. The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting …
Eurasia Drilling Sees 50% Growth Potential in Horizontal Drilling in 2013
Eurasia Drilling expects sales to grow 12.5 percent to $3.6 billion this year as the largest Russian oil driller boosts lucrative “horizontal” projects. “The main reason is horizontal drilling, which should be up substantially,” Chief Financial Officer Richard Anderson said today by phone from Moscow. “The wells cost more.” Total …