Ukraine is facing existential challenges, and energy security is one of them. The country is dependent on Russia supplying most of its natural gas as well as uranium fuel for its nuclear reactors. Under these very difficult circumstances, a government with a holistic view of its strategic security and energy goals would logically develop a policy aimed at encouraging increased domestic oil and gas production. Unfortunately, Kyiv is doing the opposite.

The International Monetary Fund on Wednesday approved a bigger, high-risk bailout for Ukraine, giving Kiev immediate access to $5 billion of $17.5 billion in emergency IMF credit in another bid to keep the embattled country afloat.

Ex-BP boss aims to build major energy industry player from scratch Lord Browne heads new oligarch-backed $10bn fund L1 which is buying up energy industry assets while price of oil is low

The European Union should share the cost of filling Ukraine’s natural-gas storage if it wants to prepare for worst-case scenarios next winter, the country’s energy minister said in an interview, highlighting a potential clash in coming negotiations between the EU, Kiev and Moscow.

LUKOIL has published consolidated US GAAP financial statements for 2014. The Company’s 2014 net income reached $4,746 million. EBITDA reached $15,982 million in 2014.

Ukraine has agreed to increase the cost of gas to consumer by 280 percent, and 66 percent for heating, as part of the IMF terms for getting extra financial aid, says Valery Gontareva the head of the National Bank of Ukraine.

Russia’s second-largest oil producer Lukoil aims at stabilizing its oil output this year, the company’s CEO Vagit Alekperov said on the sidelines of the World Economic Forum in Davos, Switzerland. “Lukoil aims at stabilizing output throughout Russia in 2015,” Alekperov said.

ЛУКОЙЛ приступил к снабжению цилиндровыми маслами нового поколения LUKOIL NAVIGO 100 MCL крупнейшего контейнеровоза в мире - MSC OSCAR, пополнившего флот компании Mediterranean Shipping Company (MSC) в этом году. Судно единовременно вмещает рекордное число контейнеров - 19 224. Оно оснащено топливосберегающими двигателями, в которых и будут эксплуатироваться современные масла ЛУКОЙЛ.

Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey

RWE is seeking to insert safeguards into a €5.1bn contract to sell North Sea gasfields to a Russian billionaire that would ensure the assets remain operational in the event of further sanctions.