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2014-09-22 17:55:00

LUKOIL ESTIMATES SANCTIONS

LUKOIL ESTIMATES SANCTIONS

The chief executive of Russia's top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France's Total.

The United States has imposed sanctions on leading Russian energy companies including Gazprom, Rosneft and Lukoil, preventing U.S. firms from supporting their activities in exploration or production from deep water, Arctic offshore or shale projects.

Lukoil was planning to drill for tight oil in Siberia with Total. Total is also developing the $27 billion Yamal liquefied natural gas project with Russia's second-largest natural gas producer, Novatek, and China's CNPC.

reuters.com

Tags: LUKOIL, TOTAL, SANCTIONS, OIL, GAZPROM, ROSNEFT

Chronicle:

LUKOIL ESTIMATES SANCTIONS
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

LUKOIL ESTIMATES SANCTIONS
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

LUKOIL ESTIMATES SANCTIONS
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

LUKOIL ESTIMATES SANCTIONS
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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