LUKOIL, GNPC announce new oil strike

Wednesday, March 3rd, 2010

Ghana on Tuesday announced the discovery of a significant accumulation of oil and gas on the Cape Three Points Deep Water Block located offshore the West African nation. The Ghana National ...


ConocoPhillips Reports Second-Quarter Earnings of $1.3 Billion or $0.87 Per Share

Friday, July 31st, 2009

ConocoPhillips [NYSE:COP] today reported second-quarter earnings of $1,298 million, or $0.87 per share. This compared with earnings of $5,439 million, or $3.50 per share, for the same quarter in 2008. ...


Oil News from around the web, OPEC says $50 a barrel, acceptable, New Discovery in Gabon

Friday, April 3rd, 2009

Organisation of Petroleum Exporting Countries (OPEC) yesterday stated that the current prices of crude oil, which is around $50 a barrel, can be acceptable given the current economic environment. ...


Vanco and LUKOIL Sign New Petroleum Agreement in Ghana

Wednesday, April 1st, 2009

Drilling Unit Leaves Port for Deepwater Drilling ACCRA, Ghana--(BUSINESS WIRE)--The Government of the Republic of Ghana, the Ghana National Petroleum Corporation (GNPC), Vanco Ghana Ltd. and LUKOIL Overseas Ghana Ltd., ...


LUKOIL OBTAINS A LOAN OF EUR ONE BILLION

Wednesday, February 11th, 2009

OAO LUKOIL raised a EUR 1 billion unsecured loan facility (the ‘Facility’) yesterday. The Facility was extended by Gazprombank (Open Join-stock Company). The Facility has a fixed interest rate of 8% ...


LUKOIL CLOSES DEAL TO ACQUIRE MAJOR RETAIL ASSETS IN TURKEY

Wednesday, November 26th, 2008

LUKOIL EURASIA PETROL A.S. signed a Protocol to close the transaction for acquiring a 100% interest of the Turkish company Akpet in Istanbul today. The total transaction amount reached USD 555 ...


Volgograd-Antiterror-2008 International Exercises

Tuesday, September 9th, 2008

VOLGOGRAD REFINERY HOSTED INTERNATIONAL ANTI-TERRORISM EXERCISES       The main stage of Volgograd-Antiterror-2008 International Exercises was held at the premises of LUKOIL-Volgogradneftepererabotka today.   At the river port of the refinery, an armed hijacking of ...


Production Begins Lukoil, ConocoPhillips’ Yuzhno Khylchuyu (YK) Field

Friday, August 29th, 2008

HOUSTON, TX and MOSCOW, RUSSIA, Aug. 28, 2008--OAO LUKOIL President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva today participated in a special ceremony on the occasion of the ...


LUKOIL, ConocoPhillips’ Yuzhno Khylchuyu (YK) Field Production Begins

Thursday, August 28th, 2008

HOUSTON & MOSCOW--(BUSINESS WIRE)--OAO LUKOIL President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva today participated in a special ceremony on the occasion of the startup of the Yuzhno ...


LUKOIL ENTERS UN GLOBAL COMPACT

Wednesday, July 2nd, 2008

LUKOIL joined the United Nations Global Compact, a voluntary initiative to facilitate sustainable development and encourage businesses to adopt socially responsible policies.  Back in 2006, LUKOIL joined the Russian Businesses Social ...


LUKOIL NET INCOME ROSE BY 143.5% IN THE FIRST QUARTER OF 2008

Monday, June 9th, 2008

REFINERY THROUGHPUTS AT GROUP REFINERIES INCREASED BY 9.8%.    LUKOIL publishes consolidated US GAAP financial accounts for the first quarter of 2008. LUKOIL net income reached $3,163 million in the first quarter of ...


LUKOIL ACQUIRES RETAIL GAS STATIONS IN CROATIA

Wednesday, April 30th, 2008

LUKOIL Europe Holdings B.V., 100% subsidiary of ОАО LUKOIL closed a deal on purchase of EUROPA-MIL (Croatia). LUKOIL acquired 9 retail outlets in Zagreb and Split, 5 land plots for construction ...


LUKOIL RETAINS LEADERSHIP IN TRUSTED BRAND RATING

Thursday, April 17th, 2008

LUKOIL has become winner in the Filling Station of the Year rating for the third time running, based on Trusted Brand 2008 survey held in Russia by Reader’s Digest, an ...


LUKOIL ACQUIRES NEW HYDROCARBON ASSETS IN UZBEKISTAN

Sunday, March 9th, 2008

LUKOIL Overseas (OAO LUKOIL’s 100% subsidiary) has completed a transaction with ZAO MGNK-SoyuzNefteGaz to acquire 100% of SNG Holdings Ltd. group, one of which is SoyuzNefteGaz Vostok Limited, a signatory ...


LUKOIL’S PROVED RESERVES AMOUNT TO 20.4 BILLION BARRELS OF OIL EQUIVALENT

Thursday, March 6th, 2008

OAO LUKOIL (the Company) has completed an evaluation and independent audit of its oil and gas reserves as at January 1, 2008. According to the data audited by Miller and Lents ...


LUKOIL’S BOARD OF DIRECTORS APPROVES ACQUISITION OF TGK-8

Wednesday, February 13th, 2008

11.02.2008 The Board of Directors of OAO LUKOIL (the Company) held a meeting today in Moscow to approve acquisition of a controlling interest in OAO UGK TGK-8 (TGK-8), which makes up ...