Open Joint Stock Co Oil co LUKOIL Stock News

The agreement has been in effect since 2017

At the same time, half of such absorbing capacity will be achieved through climate projects, Vice President of Lukoil Leonid Fedun stressed

The impact of the omicron strain on oil demand is not yet fully understood, but it will not cause a shock drop in demand, Report informs citing TASS that Lukoil vice-president Leonid Fedun told reporters.

Hydrocarbon consumption would remain steady until 2030, Executive Member of Lukoil Board of Directors Leonid Fedun predicts

BP and state-owned SOCAR are pre-empting Petronas'' sale of equity in the Shah Deniz field to Russia''s Lukoil.

Lukoil and Petronas have opted to change the conditions of Lukoils acquisition of interest in the Shah Deniz natural gas project offshore Azerbaijan.

PJSC Lukoil announces the signing of amendments to the agreement concluded in October 2021 on the acquisition of a share in the Shah Deniz project from Petronas, Report informs.

PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE) has been awarded a contract by the Abu Dhabi National Oil Company (ADNOC) to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development. This project is part of the Ghasha Concession wherein ADNOCs strategic partners are Eni (25%), Wintershall Dea (10%), OMV (5%), and LUKOIL (5%). The project aims to develop the untapped oil and gas reserves from the

Russia may have to pay a high price for the OPEC+ deal to reduce oil production which was concluded in the spring of 2020 after a price war with Saudi Arabia. Russian oil companies have been facing problems trying to restore production volumes after the largest one-time decline in history, which removed every sixth barrel produced in Russia from the oil market. While OPEC+ countries are increasing production, and the total quota for the cartel is increased by 400,000 barrels per day every month, Russia is lagging behind other OPEC oil producing countries, producing less than the limit allotted to it. According to the quota, Russian oil companies can supply 100,000 barrels per day every month (about 1% of current production). But in fact, in November, the growth was half as much - 0.49%, Bloomberg reports , citing data from the CDU TEK (Russian Federal state budgetary organization “Central Dispatching Department of Fuel Energy Complex”). Russian oil companies do not produce more oil because they cannot.

Writing in Oil Price, Simon Watkins points out that the $5.99-per-barrel remuneration that Lukoil will receive under its technical service contract at Block 10 is considerably better than its $1.15/barrel payment at West Qurna 2. Block 10 includes the Eridu field, which has indicated oil reserves of between 7 and 12 billion barrels, and a […] The post Block 10 More Attractive for Lukoil than West Qurna 2 first appeared on Iraq Business News .

PJSC LUKOIL (LUKOY) Management on Q3 2021 Results - Earnings Call Transcript