Lukoil News

 

Watch: Giant Offshore Rig Passing Under Bosphorus Bridges

Apr 16, 2020

Italian oilfield services company Saipem has shared a video of one of its offshore drilling rigs passing the Bosphorus Strait in Turkey, earlier this week.The Scarabeo 9, Saipem's semi-submersible drilling rig, on Monday crossed the Bosporus Strait for the fourth time in its history…

Russian Oil Majors Examine Assets for Cuts

Apr 15, 2020

Russian oil companies are examining which wells they will cork, looking mainly at mature fields where production was falling anyway and as Moscow needs to deliver its biggest output cut ever to comply with the new global supply deal, sources said…

Lukoil Pressing Ahead with Caspian Sea Works. Valery Grayfer Field LQ Jacket Launched

Apr 10, 2020

The Russian oil company Lukoil is pressing ahead with the development of the Valery Grayfer field in the Caspian Sea. The company on Friday said it had launched the jacket of the living quarters platform from the yard to the Caspian Sea.The…

Lukoil Shakes Up Top Management

Mar 04, 2020

Lukoil shook up its oil production business on Wednesday, promoting a low-profile executive and splitting the role of a veteran of Russia's top private oil producer, who is seen as a possible future leader. đRussia's second-biggest oil producer…

Oil Output Cuts Could Boost Price to $60 a Barrel, Lukoil Says

Mar 03, 2020

OPEC's proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters. The comments from Fedun…

Lukoil Aims to Be Net Zero CO2 Emitter by 2050

Mar 02, 2020

Vice president of Russian oil producer Lukoil, Leonid Fedun, said on Monday the company aimed to become a net zero carbon emitter by 2050.'It is realistic to a reach zero carbon footprint' for us, he said at a presentation.(Reporting by Vladimir Soldatkin…

Russia Leads E&P Race in Arctic Region

Feb 03, 2020

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the…

Lukoil Eyeing Azeri Offshore Blocks

Jan 22, 2020

Russian oil giant Lukoil plans to sign an agreement with Azerbaijan's state energy company SOCAR for two offshore blocks in Azerbaijan, the Interfax news agency reported on Wednesday. CEO Vagit Alekperov told reporters in Davos that the two firms are discussing a number of projects…

Comment: In Romania, the Sun Also Rises

Dec 09, 2019

Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it’s the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle…

Lukoil Quarterly Profit Rises

Nov 26, 2019

Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.Its sales fell 8.1% from the second quarter to 1…

Lukoil Launches Phase 3 at Filanovsky Field

Nov 15, 2019

Russia's Lukoil said on Friday it had completed the construction of the first well as part of a third development stage of the V. Filanovsky oilfield in the Caspian Sea.The well was drilled with a floating jack up rig Neptune, mounted on a riser block platform…

New Age Sells Stake in Marine XII

Sep 12, 2019

Privately held oil and gas exploration and production company New Age (African Global Energy) Limited has announced the completion of the US$800 million sale of its 25% non-operated interest in the offshore Marine XII permit in Congo (Brazzaville) to LUKOIL Upstream Congo SAU…

Lukoil Hits Milestone at Caspian Offshore

Jul 24, 2019

Russian oil company Lukoil has exceeded 15 million metric tons of cumulative output from its Vladimir Filanovsky field in the Caspian Sea.Moscow-headquartered multinational energy corporation said that full-scale commercial operation of the project started in the fall of 2016…

Lukoil Scans for Treasures Ahead of Oil Exploration

Jul 08, 2019

A recent subsea survey project in the Black Sea has scanned for ancient shipwrecks and other archaeological treasures ahead of future oil exploration in the area.UK based services firm James Fisher Marine Services (JFMS) said it completed the…

Lukoil Eyes Kazakhstan Development

Jun 09, 2019

Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…

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