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NK Lukoil PAO (LKOHyq.L)

LKOHyq.L on London Stock Exchange

82.42USD
16 Jul 2019
Change (% chg)

$-0.06 (-0.07%)
Prev Close
$82.48
Open
$82.18
Day's High
$82.62
Day's Low
$81.50
Volume
502,271
Avg. Vol
744,008
52-wk High
$91.86
52-wk Low
$64.56

Latest Key Developments (Source: Significant Developments)

Russia's Lukoil enters Congolese hydrocarbon production project
Thursday, 6 Jun 2019 

June 6 (Reuters) - Russian oil producer Lukoil says::Concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash..The transaction is subject to customary conditions, including the approval by the government of the Republic of Congo..The license covers five discovered fields containing 1.3 billion barrels of oil equivalent of proved and probable (2P) reserves..The Marine XII license is based on a production sharing contract..Eni <<>> is the project's operator with a 65% stake. The project also involves the state company Societe Nationale des Petroles du Congo with a 10% stake. .  Full Article

Russia's Lukoil confirms final 2018 dividend of 155 rbls/share
Thursday, 16 May 2019 

May 16 (Reuters) - Russian oil producer Lukoil says::Schedules AGM for June 20, 2019, and confirms its recommendation of a final 2018 dividend payout of 155 roubles ($2.40) per share..  Full Article

Russia's Lukoil recommends total 2018 dividend of 250 rbls/shr
Thursday, 25 Apr 2019 

April 25 (Reuters) - Russian oil company Lukoil PAO says::The board of directors recommended to approve final dividend distribution for 2018 in the amount of 155 roubles ($2.40) per ordinary share;.Considering the previously paid interim dividends, total dividend per share for 2018 amounts to 250 roubles, which represents a 16 percent increase compared to the previous year dividend of 215 roubles per share;.The dividend record date is proposed to be July 9..  Full Article

Aker ASA submits $4.4 bln Ghana oilfield development plan
Thursday, 28 Mar 2019 

March 28 (Reuters) - Aker ASA ::AKER ASA: AKER ENERGY SUBMITS AN INTEGRATED PLAN OF DEVELOPMENT AND OPERATION FOR THE DWT/CTP BLOCK OFFSHORE GHANA.TOTAL INVESTMENTS (CAPEX) TO DEVELOP THESE RESERVES ARE ESTIMATED TO USD 4.4 BILLION, EXCLUDING CHARTER RATE FOR A LEASED FPSO.TOTAL RESERVES FROM PECAN FIELD DEVELOPMENT ARE ESTIMATED TO 334 MILLION BARRELS OF OIL, AND PLATEAU PRODUCTION IS ESTIMATED TO 110,000 BARRELS OF OIL PER DAY.PRODUCTION FROM FIELD IS EXPECTED TO LAST FOR MORE THAN 25 YEARS..TOTAL RESOURCES IN AREA HAVE POTENTIAL TO INCREASE TO BETWEEN 600-1000 MMBOE, PROVIDED SUCCESSFUL APPRAISAL DRILLING ACTIVITY.AKER ENERGY GHANA LIMITED IS OPERATOR UNDER DWT/CTP PETROLEUM AGREEMENT WITH A 50% PARTICIPATING INTEREST.PARTNERS ARE LUKOIL OVERSEAS GHANA TANO LIMITED (38%), GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE LIMITED (2%).  Full Article

Inter RAO Is Not In Talks With Lukoil On Acquisition Of Generation Assets-Executive
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Inter RAO ::IS NOT IN TALKS WITH LUKOIL CONCERNING ACQUISITION OF GENERATION ASSETS-STRATEGIC DEVELOPMENT DIRECTOR.  Full Article

Eni And Lukoil Sign Agreement On Exploration Licenses Offshore Mexico
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Eni ::SIGNS FARM-OUT AGREEMENT WITH LUKOIL FOR TRANSFER OF PARTICIPATING INTERESTS IN THREE EXPLORATION LICENSES IN MEXICO’S SHALLOW WATERS.WILL GIVE LUKOIL A 20% STAKE IN THE PRODUCTION SHARING CONTRACTS (PSC) IN BOTH AREA 10 AND AREA 14.WILL ACQUIRE A 40% STAKE IN LUKOIL’S PSC FOR AREA 12.THE THREE BLOCKS ARE ALL LOCATED IN THE PROLIFIC SURESTE BASIN AND THEY WERE AWARDED TO ENI AND LUKOIL IN 2017.  Full Article

Eni Wins Exploration & Production License In Cuenca Salina Basin In Mexico's Offshore
Wednesday, 28 Mar 2018 

March 28 (Reuters) - ENI ::ENI AWARDED A NEW EXPLORATION & PRODUCTION LICENSE IN CUENCA SALINA BASIN IN MEXICO'S OFFSHORE.ENI WILL BE OPERATOR OF LICENSE WITH A 75% STAKE IN JOINT VENTURE, LUKOIL HAS REMAINING 25%.  Full Article

Russia's Lukoil says oil output down to 87.4 mln T in 2017
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Russia's Lukoil says::Oil production declined to 87.41 million tonnes in 2017 from 91.99 million tonnes in 2016;.In 2017, hydrocarbon production increased by 2.4 percent year-on-year to 2.234 million barrels of oil equivalent (boe) per day.Hydrocarbon production excluding West Qurna-2 project in the fourth quarter of 2017 increased by 2.9 percent quarter-on-quarter to 2,284 thousand boe per day. The increase was driven by the development of gas projects.In the fourth quarter of 2017, the LUKOIL Group's gas production increased by 12.5 percent quarter-on-quarter to 8.2 billion cubic meters.In 2017 gas production increased by 15.7 percent year-on-year to 28.8 billion cubic meters.Refinery throughput in the fourth quarter of 2017 was practically flat quarter-on-quarter and amounted to 17.3 million tonnes. Refinery throughput in 2017 increased by 1.8 percent year-on-year to 67.2 million tons..  Full Article

Russia's Lukoil approves key budget indicators for 2018-2020
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Russia's Lukoil ::Says the Board of Directors approved the mid-term development plan (Key budget indicators of the LUKOIL Group for 2018-2020);.The plan is based on a $50 per barrel oil price scenario;.Sustainable hydrocarbon production growth is planned in the Upstream business segment along with growth in the share of high-margin projects in 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 the product slate;.The Board of Directors also approved the Strategic Development Program of the LUKOIL Group for 2018-2027, which is aimed at balanced sustainable business development in the changing macro environment. The main priorities are strong investment discipline, conservative financial policy, cost control, increasing operating efficiency, sustainable dividends growth, minimization of environmental impact and ensuring labour health and safety..​.  Full Article

Russia's Lukoil says Q3 net profit at 97.3 bln rbls
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Russian oil producer Lukoil says::Q3 net profit at 97.3 billion roubles ($1.67 billion);.Q3 net profit before forex effect at 104.9 billion roubles;.Q3 EBITDA at 221.1 billion roubles;.Q3 sales at 1.48 trln roubles;.In Q3 2016, Lukoil made net profit of 54.8 billion roubles. .  Full Article