News: NK Lukoil OAO (LKOH.MM)
24 Apr 2015
Mon, Apr 20 2015
HOUSTON - Mega-mergers are anticipated in the oil industry between integrated oil companies amid the current oil price rout, according to Vagit Alekperov, the president of Lukoil.
KHOBAR, Saudi Arabia/MOSCOW, April 13 - Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said.
MOSCOW, March 17 - Russian oil company Lukoil said on Tuesday it had closed a deal to develop the Etinde offshore block in the Gulf of Guinea off Cameroon.
* Sees oil prices returning to $80-$100/bbl by year end (Adds quotes, details, context)
LONDON, March 3 - Russian oil output will decline by 800,000 barrels per day in the next two years as companies reduce drilling in Siberia because of low oil prices and sanctions, a top oil executive told Reuters.
(The following statement was released by the rating agency) LONDON, March 03 (Fitch) Trading houses such as Glencore, Vitol and Trafigura are likely to report healthy earnings in 2015 as they benefit from volatile oil prices, Fitch Ratings says. But this will not have a significant impact on our assessment of the sector's credit risk, which will remain driven by intense competition and the potential for large annual swings in performance. Our analysis shows that periods of volatile oil price
Feb 9 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
MOSCOW, Feb 3 - The twin traumas of an economy-crippling oil price collapse and Western sanctions hobbling energy firms will not deflect Russia from keeping oil output near a record high this year, companies, officials and analysts say.
MOSCOW, Jan 22 - Russia's Lukoil plans to start a tour to test market interest for a possible new Eurobond issue in the spring, its Chief Executive Vagit Alekperov was quoted as saying on Thursday by Interfax news agency.
DAVOS, Jan 22 - Lukoil, Russia's second largest oil producer, plans to cut its capex by around 10 percent or $1.5 billion in 2015 by limiting downstream spending and putting new hires on hold, Chief Executive Vagit Alekperov said on Thursday.